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$7.02 hmc capital limited

Ann: HomeCo Daily Needs REIT IPO Briefing Presentation, page-13

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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 $7.02		Change -0.010(0.14%)		Mkt cap ! $2.447B

Open	High	Low	Value	Volume
$7.00	$7.09	$6.98	$3.722M	529.3K

Buyers (Bids)

No.	Vol.	Price($)
2	4669	$7.02

Sellers (Offers)

Price($)	Vol.	No.
$7.04	233	1

View Market Depth

No.	Vol.	Price($)
1	2747	7.020
2	1715	7.010
1	1270	7.000
1	1270	6.990
1	1270	6.980

Price($)	Vol.	No.
7.040	233	1
7.050	1062	1
7.060	1715	2
7.080	1270	1
7.090	1270	1

Last trade - 16.10pm 21/05/2024 (20 minute delay)


Last $7.03			Change -0.010 ( 0.24 %)
Open	High		Low	Volume
$7.00	$7.09		$6.98	205289
Last updated 15.59pm 21/05/2024 ?

HMC (ASX) Chart

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