What are MM’s thoughts on HomeCo HMC?

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Question asked 26/02/2022

What are MM’s thoughts on HomeCo HMC?

What are your thoughts on HomeCo. Seems to be quickly building a satellite of Property Trusts to manage, having started with buying the masters property portfolio. Reminds me of the old Westfield Holdings playbook, including experienced and VERY aligned management.

Answer

Hi Peter,

Like yourself we like what’s happening at HMC as they heads towards becoming a $2bn property business. After correcting ~25% into the $6 area we believe the stocks definitely now in buy territory.

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Home Consortium (HMC)

LAST UPDATED 25/02/2022 16:48

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