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
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$4.74

i originally bought HMC post float at $3.70 and a few more on...
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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. |
---|---|---|
$4.76 | 1068 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 4004 | 4.710 |
1 | 214 | 4.670 |
1 | 1152 | 4.600 |
1 | 3000 | 4.580 |
1 | 100 | 4.550 |
Price($) | Vol. | No. |
---|---|---|
4.700 | 200 | 1 |
4.760 | 139 | 1 |
4.800 | 929 | 1 |
4.850 | 216 | 1 |
4.860 | 41974 | 1 |
Last trade - 16.10pm 16/06/2025 (20 minute delay) ? |
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HMC (ASX) Chart |