PIE-EATER
02 Feb 2016
Re: Rubbish deal Disclosure...I own SBRYs but not HOMEOn a customer level, I won't touch Argos with a barge pole - far too many issues in the past and even quite recently. Customer service locally is generally abysmal.SBRY, not perhaps what they used to be, but still light years better than recent Argos experience.On an investment level....SBRY will get the integration, improved customer service they will bring and the delivery skills (as long as it isn't related to delivering furniture!...private comment). Argos will get a shot at the future.As a SBRY shareholder I can reluctantly see a fit (but think 145-150p would have been a "fairer" price) but would also be content to see the deal fail. I think it is right at the top end of the range.If I was HOME shareholder with the premium to the December price and the headwinds, I would SNATCH IT !Key point is that this is business and not sentiment....so will probably go through.All IMHO of course.GL to all investorsPE
Ashover
02 Feb 2016
Re: 161p Yep, not done particularly well out of this. There you go.
Frankers70
02 Feb 2016
161p Ah,161p inclusive of special dividend and inclusive of Sainsburys shares isn't the greatest deal really, especially as Sainsburys shares will probably fall today. Like I said before, let's take it and move on...
Roger_Lovegrove
02 Feb 2016
I just want to hold Argos I think Argos would make a great company on its own, but I have for several years been put off buying shares because of its partnering with Homebase -which I consider to be rubbish.At long last, I thought I would be able to buy just Argos. But no: they've spoiled that.If I had wanted to hold Sainsbury's then I would have been doing so by now. But I haven't, because I don't.I want just Argos. Nothing else.Weep.
Frankers70
01 Feb 2016
Re: Rubbish deal Never be too greedy FSamps. If you've made money then that's a good thing in a market full of uncertainty. Take the money and move on my friend 
Frankers70
01 Feb 2016
Re: Takeover / sale That's 26p per share on 764m shares in circulation or 17% return on today's 152p close. If we get this and 165p per share then I'd be happy with that
Ashover
01 Feb 2016
Takeover / sale So what does this mean for the average small shareholder? An statement from the company said £200 million would be returned to shareholders from the Homebase sale. (divided by shares in circulation, probably not a huge amount each!) Then the sale/takeover of Argos, I assume shareholders will be paid out on that too at circa 160/165p if reports are right. OR am I wrong?
FSamps
01 Feb 2016
Rubbish deal LTBH investors ripped off yet again. Cash in pockets of Directors for selling off Hombase, and opportunist buying Argos (newly set up for growth with new systems) at a bargain basement price. Rubbish deal. Surely they could have done better for shareholders.
pearlsasinger
01 Feb 2016
From the Guardian online- 160p+ Sainsbury’s bid for Home Retail Group is set to be accepted. Photograph: PA David HellierMonday 1 February 2016 14.22 GMT Last modified on Monday 1 February 2016 14.41 GMT Sainsbury’s has won its three-month courtship of Home Retail Group, with a £1.3bn takeover of the Argos owner expected to be announced as early as Tuesday, according to leading investors in both groups.Sainsbury’s had its first approach for Home Retail snubbed in November at a price believed to be around £1bn. But it returned to the pursuit of its target shortly after the New Year and now needs to put up a formal offer before 5pm on Tuesday or ask for an extension from the City’s Takeover Panel, which regulates bids and dealsInvestors are confident that a deal has been reached between the two parties at a price of slightly more than 160p a share. This represents a decent premium for Home Retail shareholders, who saw the stock dive below 100p prior to news of Sainsbury’s interest, and is not too high to scare off investors in Sainsbury’s
pearlsasinger
28 Jan 2016
Re: Punt The problem with the bookies is thatwhen your horse falls that is the end of your money.Many wobbly companies struggle throughand live to fight another day,The market does not believe that there willbe a significant bid (180p plus.) for Home Retail.I retain half my original (pre-bid)holding.Even if no bid emerges the company will beregarded as being 'in-play' and will attract a premium.IMHO
meattrader
27 Jan 2016
Punt To punt or not. upside 35p downside 35p or just go to the bookies.
pearlsasinger
24 Jan 2016
Re: HOME....185p offer???????? I would accept 170p -in an overall nervous market.If SBRY does not deliver its bid(6 trading days to go)the sp will drop significantly -But I do not foresee 95p again!(holder)
oldjoe1
22 Jan 2016
HOME....185p offer???????? HOME......Exane reckon Sainsburys will pay 185p tops.
Montman
18 Jan 2016
Wesfarmers to buy Homebase [link]
nk1999
14 Jan 2016
Canaccord Don't agree with them, but here is what they say (from ADVFN):"Home Retail was under the cosh on Thursday as Canaccord Genuity downgraded its rating on the stock to 'sell' from 'hold' after the owner of Argos guided lower on profits.The company said its full year profit was forecast to come in at the lower end of expectations after Argos sales over the festive period fell.Sales at Argos for the 18 weeks to 2 January dropped 2.2% compared to consensus for a 0.3% increase. A 5% increase in sales at Homebase also missed forecasts for a 5.3% rise.The group said annual profits were now set to be at the bottom end of current expectations of £92m-£118m.The company has been in the sights of supermarket Sainsbury's in recent months and also announced last night it is in talks to sell off Homebase to an Australian conglomerate."Were a bid at a higher price to emerge, we would regard this as a 'get out of jail free' card for beleaguered Home Retail shareholders, given the stuttering trading performance under its digital transformation strategy against some formidable competitors," said Canaccord Genuity."We are therefore moving to 'sell' from 'hold' on the basis of our view of fundamental valuation and our view of the uncompelling strategic rationale of a potential bid from Sainsbury. We believe today's trading update makes a bid from Sainsbury less rather than more likely."The broker kept its target unchanged at 115p."
