HMC - HMC Capital

[System]

Home Consortium is an internally managed property group focused on ownership, development and management. Home Consortium is backed by some of Australia's most successful retail organisations and property developers including the shareholders of Spotlight, Chemist Warehouse, Primewest and Aurrum groups.

Home Consortium was established in 2017 when a consortium of investors comprised of some of Australia's leading property development and retail organisations acquired the former Masters Home Improvement real estate portfolio from Woolworths.

By the end of 2019, Home Consortium's portfolio will consist of 21 operating retail and services centres and a further 9 centres to be redeveloped across four states (VIC, QLD, NSW and WA).

Home Consortium is built on a platform of big brands and hyper-convenience, with each centre anchored by leading brands, including predominantly national retailers spanning daily needs, leisure & lifestyle and services enterprises

It is anticipated that HMC will list on the ASX during October 2019.

https://www.home-co.com.au

 

[Dona Ferentes]

Market cap now $1.4 billion

There seems to be some change in direction, looking to have exposure to real estate, funds management in Private Equity, Structured Credit and Infrastructure; they state that HMC has successfully evolved into a capital light fund manager with scalable growth platforms.

• 2016 ... Acquisition of former Masters Home Improvement property portfolio ..... Commenced process of redeveloping ~[500k]m2 of GLA
• 2017 to 2019 ...HMC establishes inhouse asset management and development capability organically
• Oct 2019 .... Home Consortium (ASX: HMC) listed on the ASX at $3.35 with $925m investment portfolio
• July 2020 ... HMC announces $140m institutional placement and $128m of acquisitions to seed the establishment of the HomeCo Daily Needs REIT (ASX: HDN)
• Nov 2020 .... HDN listed on the ASX via in specie distribution and $300m IPO;
• Nov 2020 .... HDN listed with $844m of assets
• Dec 2020 ..... HMC announces $125m institutional placement and $131m of strategic acquisitions to seed establishment of new Healthcare REIT (ASX: HCW)
• Sept 2021 .... HCW listed on the ASX following $650m IPO with $555m of assets. HDN acquires $222m of acquisitions and $88m institutional placement
• Oct 2021 .... HMC and HDN announce proposed acquisition of Aventus Group for $2.5bn to create Australia’s leading Daily Needs REIT
• Mar 2022 .... HDN merger implemented increasing HMC’s AUM by 280% to $5.2bn
• Mar 2022 ... HMC added to S&P/ASX 200 index
• Mar 2022 .... HMC announces rebranding and change of name to HMC Capital

And looking ahead; in 1H CY22, On track to launch HMC Capital Partners Fund targeting high conviction investment opportunities across real assets

 

[System]

On November 28th, 2022, Home Consortium Limited changed its name to HMC Capital Limited.

 

[Rosscoe62]

I very nice move by HMC today ->

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02871326-2A1557757

Status - Held

 

[Dona Ferentes]

aha, data centres

Shares in the asset manager soared 8.7% to all-time highs following the completion of a $300 million placement at $8.75 per share (5% discount to previous close). The proceeds will be used to acquire Global Switch Australia, a large-scale data centre campus in the densely-connected Sydney CBD

 

[finicky]

Market Matters Friday afternoon report
Second best S&P/ASX 200 performer of the week
Not Held

• HMC Capital (HMC) +12.49% back online post $300m equity raise, a good one for those who got it priced at $8.75, with shares landing on 29th October. The stock closed today at $10.36, ~18% above the placement price.