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Home Consortium Ltd ( (AU:HMC) ) has shared an announcement.
HICT and Spotlight Group have completed a transaction where Spotlight Group exchanged its interest in HICT for shares in HMC Capital Limited previously held by HICT. This transaction results in Spotlight Group holding 10,845,709 shares in HMC Capital directly, while HICT retains a reduced shareholding in HMC Capital. The transaction did not involve selling shares to third parties, allowing both parties greater flexibility in their holdings. This strategic move impacts the ownership structure of HMC Capital and reflects a shift in investment focus for both HICT and Spotlight Group.
The most recent analyst rating on (AU:HMC) stock is a Buy with a A$10.85 price target. To see the full list of analyst forecasts on Home Consortium Ltd stock, see the AU:HMC Stock Forecast page.
More about Home Consortium Ltd
Home Investment Consortium Trust (HICT) was established in 2016 and includes unitholders from the Aurrum, Spotlight, and Chemist Warehouse groups. The trust is involved in investment activities, holding significant shares in HMC Capital Limited.
Average Trading Volume: 1,933,844
Technical Sentiment Signal: Sell
Current Market Cap: A$2.17B
For an in-depth examination of HMC stock, go to TipRanks’ Stock Analysis page.