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1.72%

$6.30 hmc capital limited

"HMC price will drop when they do their capital reduction, but...

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sh00t1ngf1sh

224 Posts.

5

28/10/20

13:05

Post #: 48453759
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Originally posted by Juke77: ↑

i originally bought HMC post float at $3.70 and a few more on 23rd March at $1.37 when the market dipped, they pay FF divs.
Did not participate in July SPP at $2.88, had other priorities but in hindsight i should have bought a few more. My mistake.

HMC will spin out DNR ( Daily Needs Reit ) on a 1 for 2 basis ( 1 DNR for every 2 HMC ) , valued at $1.33 a share, will also do SPP at same price.

HMC price will drop when they do their capital reduction, but not sure exactly by how much. Could be a buy opportunity !

DNR will pay divs but i assume no franking ( property trust). So i will buy some more to get the yield. SP should improve as Covid-19 dissipates.

HMC - i also think their business will improve as Covid-19 dissipates, so i will buy more at the post spin out price and hold for improved SP & FF divs.

Overall a win win situation.
This is my reading of the deal and happy to be corrected.

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"HMC price will drop when they do their capital reduction, but not sure exactly by how much. Could be a buy opportunity !"

I believe HMC holders are getting some payout in DNR shares etc. I'm halfway through reading the prospectus atm.

HMC Price at posting: $3.79 Sentiment: Hold Disclosure: Held
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(20min delay)
Last $6.30		Change -0.110(1.72%)		Mkt cap ! $2.191B

Open	High	Low	Value	Volume
$6.27	$6.31	$6.23	$2.111M	337.1K

Buyers (Bids)

No.	Vol.	Price($)
18	1172	$6.30

Sellers (Offers)

Price($)	Vol.	No.
$6.31	710	8

View Market Depth

No.	Vol.	Price($)
18	1444	6.300
18	3563	6.290
17	8201	6.280
17	6376	6.270
11	2098	6.260

Price($)	Vol.	No.
6.310	669	8
6.320	3106	10
6.330	4015	8
6.340	5184	7
6.350	24999	6

Last trade - 13.14pm 01/05/2024 (20 minute delay)


Last $6.29			Change -0.110 ( 1.54 %)
Open	High		Low	Volume
$6.24	$6.31		$6.23	17572
Last updated 13.31pm 01/05/2024 ?

HMC (ASX) Chart

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