Lithium
42.38
(0.52%)
Gold
2,750.60
0.58%
Copper
4.40
0.85%
Oil
71.15
0.94%
Bitcoin
67,127.52
(0.34%)
FTSE 100
8,268.57
(0.6%)
Nikkei 225
38,411.96
(1.34%)
Dow Jones
42,931.60
(0.67%)
Iron Ore
100.70
(1.08%)
USD/AUD
0.67
0.34%
Hang Seng
20,498.95
0.32%
Lithium
42.38
(0.52%)
Gold
2,750.60
0.58%
Copper
4.40
0.85%
Oil
71.15
0.94%
Bitcoin
67,127.52
(0.34%)
FTSE 100
8,268.57
(0.6%)
Nikkei 225
38,411.96
(1.34%)
Dow Jones
42,931.60
(0.67%)
Iron Ore
100.70
(1.08%)
USD/AUD
0.67
0.34%
Hang Seng
20,498.95
0.32%
Lithium
42.38
(0.52%)
Gold
2,750.60
0.58%
Copper
4.40
0.85%
Oil
71.15
0.94%
Bitcoin
67,127.52
(0.34%)
FTSE 100
8,268.57
(0.6%)
Nikkei 225
38,411.96
(1.34%)
Dow Jones
42,931.60
(0.67%)
Iron Ore
100.70
(1.08%)
USD/AUD
0.67
0.34%
Hang Seng
20,498.95
0.32%
Lithium
42.38
(0.52%)
Gold
2,750.60
0.58%
Copper
4.40
0.85%
Oil
71.15
0.94%
Bitcoin
67,127.52
(0.34%)
FTSE 100
8,268.57
(0.6%)
Nikkei 225
38,411.96
(1.34%)
Dow Jones
42,931.60
(0.67%)
Iron Ore
100.70
(1.08%)
USD/AUD
0.67
0.34%
Hang Seng
20,498.95
0.32%
Lithium
42.38
(0.52%)
Gold
2,750.60
0.58%
Copper
4.40
0.85%
Oil
71.15
0.94%
Bitcoin
67,127.52
(0.34%)
FTSE 100
8,268.57
(0.6%)
Nikkei 225
38,411.96
(1.34%)
Dow Jones
42,931.60
(0.67%)
Iron Ore
100.70
(1.08%)
USD/AUD
0.67
0.34%
Hang Seng
20,498.95
0.32%
Lithium
42.38
(0.52%)
Gold
2,750.60
0.58%
Copper
4.40
0.85%
Oil
71.15
0.94%
Bitcoin
67,127.52
(0.34%)
FTSE 100
8,268.57
(0.6%)
Nikkei 225
38,411.96
(1.34%)
Dow Jones
42,931.60
(0.67%)
Iron Ore
100.70
(1.08%)
USD/AUD
0.67
0.34%
Hang Seng
20,498.95
0.32%
Lithium
42.38
(0.52%)
Gold
2,750.60
0.58%
Copper
4.40
0.85%
Oil
71.15
0.94%
Bitcoin
67,127.52
(0.34%)
FTSE 100
8,268.57
(0.6%)
Nikkei 225
38,411.96
(1.34%)
Dow Jones
42,931.60
(0.67%)
Iron Ore
100.70
(1.08%)
USD/AUD
0.67
0.34%
Hang Seng
20,498.95
0.32%
Lithium
42.38
(0.52%)
Gold
2,750.60
0.58%
Copper
4.40
0.85%
Oil
71.15
0.94%
Bitcoin
67,127.52
(0.34%)
FTSE 100
8,268.57
(0.6%)
Nikkei 225
38,411.96
(1.34%)
Dow Jones
42,931.60
(0.67%)
Iron Ore
100.70
(1.08%)
USD/AUD
0.67
0.34%
Hang Seng
20,498.95
0.32%
Lithium
42.38
(0.52%)
Gold
2,750.60
0.58%
Copper
4.40
0.85%
Oil
71.15
0.94%
Bitcoin
67,127.52
(0.34%)
FTSE 100
8,268.57
(0.6%)
Nikkei 225
38,411.96
(1.34%)
Dow Jones
42,931.60
(0.67%)
Iron Ore
100.70
(1.08%)
USD/AUD
0.67
0.34%
Hang Seng
20,498.95
0.32%
Lithium
42.38
(0.52%)
Gold
2,750.60
0.58%
Copper
4.40
0.85%
Oil
71.15
0.94%
Bitcoin
67,127.52
(0.34%)
FTSE 100
8,268.57
(0.6%)
Nikkei 225
38,411.96
(1.34%)
Dow Jones
42,931.60
(0.67%)
Iron Ore
100.70
(1.08%)
USD/AUD
0.67
0.34%
Hang Seng
20,498.95
0.32%
Lithium
42.38
(0.52%)
Gold
2,750.60
0.58%
Copper
4.40
0.85%
Oil
71.15
0.94%
Bitcoin
67,127.52
(0.34%)
FTSE 100
8,268.57
(0.6%)
Nikkei 225
38,411.96
(1.34%)
Dow Jones
42,931.60
(0.67%)
Iron Ore
100.70
(1.08%)
USD/AUD
0.67
0.34%
Hang Seng
20,498.95
0.32%
Lithium
42.38
(0.52%)
Gold
2,750.60
0.58%
Copper
4.40
0.85%
Oil
71.15
0.94%
Bitcoin
67,127.52
(0.34%)
FTSE 100
8,268.57
(0.6%)
Nikkei 225
38,411.96
(1.34%)
Dow Jones
42,931.60
(0.67%)
Iron Ore
100.70
(1.08%)
USD/AUD
0.67
0.34%
Hang Seng
20,498.95
0.32%
Lithium
42.38
(0.52%)
Gold
2,750.60
0.58%
Copper
4.40
0.85%
Oil
71.15
0.94%
Bitcoin
67,127.52
(0.34%)
FTSE 100
8,268.57
(0.6%)
Nikkei 225
38,411.96
(1.34%)
Dow Jones
42,931.60
(0.67%)
Iron Ore
100.70
(1.08%)
USD/AUD
0.67
0.34%
Hang Seng
20,498.95
0.32%
Lithium
42.38
(0.52%)
Gold
2,750.60
0.58%
Copper
4.40
0.85%
Oil
71.15
0.94%
Bitcoin
67,127.52
(0.34%)
FTSE 100
8,268.57
(0.6%)
Nikkei 225
38,411.96
(1.34%)
Dow Jones
42,931.60
(0.67%)
Iron Ore
100.70
(1.08%)
USD/AUD
0.67
0.34%
Hang Seng
20,498.95
0.32%
Lithium
42.38
(0.52%)
Gold
2,750.60
0.58%
Copper
4.40
0.85%
Oil
71.15
0.94%
Bitcoin
67,127.52
(0.34%)
FTSE 100
8,268.57
(0.6%)
Nikkei 225
38,411.96
(1.34%)
Dow Jones
42,931.60
(0.67%)
Iron Ore
100.70
(1.08%)
USD/AUD
0.67
0.34%
Hang Seng
20,498.95
0.32%
Lithium
42.38
(0.52%)
Gold
2,750.60
0.58%
Copper
4.40
0.85%
Oil
71.15
0.94%
Bitcoin
67,127.52
(0.34%)
FTSE 100
8,268.57
(0.6%)
Nikkei 225
38,411.96
(1.34%)
Dow Jones
42,931.60
(0.67%)
Iron Ore
100.70
(1.08%)
USD/AUD
0.67
0.34%
Hang Seng
20,498.95
0.32%
Lithium
42.38
(0.52%)
Gold
2,750.60
0.58%
Copper
4.40
0.85%
Oil
71.15
0.94%
Bitcoin
67,127.52
(0.34%)
FTSE 100
8,268.57
(0.6%)
Nikkei 225
38,411.96
(1.34%)
Dow Jones
42,931.60
(0.67%)
Iron Ore
100.70
(1.08%)
USD/AUD
0.67
0.34%
Hang Seng
20,498.95
0.32%
Lithium
42.38
(0.52%)
Gold
2,750.60
0.58%
Copper
4.40
0.85%
Oil
71.15
0.94%
Bitcoin
67,127.52
(0.34%)
FTSE 100
8,268.57
(0.6%)
Nikkei 225
38,411.96
(1.34%)
Dow Jones
42,931.60
(0.67%)
Iron Ore
100.70
(1.08%)
USD/AUD
0.67
0.34%
Hang Seng
20,498.95
0.32%
Lithium
42.38
(0.52%)
Gold
2,750.60
0.58%
Copper
4.40
0.85%
Oil
71.15
0.94%
Bitcoin
67,127.52
(0.34%)
FTSE 100
8,268.57
(0.6%)
Nikkei 225
38,411.96
(1.34%)
Dow Jones
42,931.60
(0.67%)
Iron Ore
100.70
(1.08%)
USD/AUD
0.67
0.34%
Hang Seng
20,498.95
0.32%
Lithium
42.38
(0.52%)
Gold
2,750.60
0.58%
Copper
4.40
0.85%
Oil
71.15
0.94%
Bitcoin
67,127.52
(0.34%)
FTSE 100
8,268.57
(0.6%)
Nikkei 225
38,411.96
(1.34%)
Dow Jones
42,931.60
(0.67%)
Iron Ore
100.70
(1.08%)
USD/AUD
0.67
0.34%
Hang Seng
20,498.95
0.32%
Hotel Property Investments (ASX: $HPI) rejects takeover offer from Charter Hall and Hostplus
- Author: Stock Piper
Hotel Property Investments takeover bid response
Hotel Property Investments (ASX:HPI) has issued a supplementary target's statement regarding a takeover bid from Charter Hall Retail REIT and Hostplus. The bid proposes $3.85 per security, adjusted to $3.785 due to a recent distribution. HPI's Board recommends rejection, calling the offer 'opportunistic and undervalued.'
Summary and future outlook for HPI
Hotel Property Investments (ASX:HPI) has responded to a takeover offer from Charter Hall Retail REIT and Hostplus by recommending that securityholders reject the proposal. The Board considers the offer insufficient, failing to reflect HPI's unique market position and growth potential. HPI is the only 'pure play' pub REIT in the S&P/ASX 300 index and maintains a robust financial profile with a strong asset portfolio. Future growth is anticipated through strategic partnerships and favorable market conditions. The Revised Offer closes on 4 November 2024, with further discussions at HPI's Annual General Meeting on 13 November 2024.
Executive commentary on takeover bid
The Revised Offer does not provide any premium to HPI's Net Tangible Assets (NTA). Furthermore, it does not adequately reflect the growth in distributions and undervalues the portfolio in comparison to market benchmarks. The timing of the offer is seen as opportunistic, amidst a strengthening outlook for REITs.
HOTEL PROPERTY INVESTMENTS
HPI | ASX | Real Estate
3.590.09(+2.57%)
At close 21/10 (AEDT)
Market cap
$705.7M
Volume
1,231,360
DY Yield
0.071
PE Ratio
19.944443
52 Week Range
2.505 - 3.8
1YR Return
N / A
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