HMC hmc capital limited

i originally bought HMC post float at $3.70 and a few more on...

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    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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(20min delay)
Last
$4.74
Change
0.070(1.50%)
Mkt cap ! $1.955B
Open High Low Value Volume
$4.68 $4.78 $4.64 $4.912M 1.036M

Buyers (Bids)

No. Vol. Price($)
1 3998 $4.72
 

Sellers (Offers)

Price($) Vol. No.
$4.76 1068 2
View Market Depth
Last trade - 16.10pm 16/06/2025 (20 minute delay) ?
HMC (ASX) Chart
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