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Raj K
Posted: 13 January 2025 08:33:10(UTC)
#594

Joined: 22/04/2016(UTC)
Posts: 2,819
Posted on x by Ackman. Any ideas?


For those who follow, work for, and/or own stock in Howard Hughes Holdings $HHH, and/or are simply interested in investments and the capital markets, I encourage you to watch out for our amended HHH Schedule 13D that we will file with the
@SECGov
at 6am Eastern, tomorrow morning.

The filing contains a letter proposal to the company that I just finished writing.

I think you will find it interesting and compelling.

As always, I look forward to your feedback.

“With reference to Howard Hughes Holdings namesake — one of the world’s greatest aviators and entrepreneurs — let’s give this bird some wings.”
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Big boy
Posted: 13 January 2025 09:48:26(UTC)
#595

Joined: 20/01/2015(UTC)
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Raj what's the above about please. By the way I had toast and marmalade with cereal to follow for my breakfast .....I think this is bullish for markets.
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1 user thanked Big boy for this post.
D T on 13/01/2025(UTC)
Raj K
Posted: 13 January 2025 10:55:55(UTC)
#596

Joined: 22/04/2016(UTC)
Posts: 2,819
Big boy;330941 wrote:

Raj what's the above about please. By the way I had toast and marmalade with cereal to follow for my breakfast .....I think this is bullish for markets.


cool, I just had a cup of tea and read the tea leaves. It tells me that the markets will go to record highs. Nvidia will be 10 trillion dollar company in three years and Musk will get to Mars by 2030…..

Edit so we now know that Ackman's tweet is about offering to take HHH private?, which if successful would help PSH get a listing in the US as they will have a controllling interest in an operating company?


https://www.cnbc.com/202...loper-howard-hughes.html
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8 users thanked Raj K for this post.
Helen L on 13/01/2025(UTC), Big boy on 13/01/2025(UTC), lindsay Morrison2 on 13/01/2025(UTC), Keith Cobby on 13/01/2025(UTC), ravedeath on 13/01/2025(UTC), Peter61 on 13/01/2025(UTC), Jay P on 13/01/2025(UTC), Auric on 13/01/2025(UTC)
Raj K
Posted: 13 January 2025 16:12:04(UTC)
#597

Joined: 22/04/2016(UTC)
Posts: 2,819
https://assets.pershings...HHH-Proposal-Letter.pdf

if anyone can understand what benefit this has to PSH holders, it would be good to know. Made my way through it but as with lots of Ackman deals seems very complicated. Taking the obivous away they want to recognise the true value of HHH does this mean that PSH itself will be able to list in the US? Maybe not given what reported bleow, it will be a seperate holding company? I suppose PSH shares will roll over into the new entity.

Note from a press release: Ackman wants to transform Howard Hughes into a “modern-day Berkshire Hathaway that would acquire controlling interests in operating companies,” he said, using existing cash and cash from the transaction for the new investments.
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Johan De Silva on 13/01/2025(UTC), Sheerman on 13/01/2025(UTC), Auric on 13/01/2025(UTC)
Johan De Silva
Posted: 13 January 2025 16:23:36(UTC)
#598

Joined: 22/07/2019(UTC)
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Raj K;330991 wrote:
https://assets.pershingsquareholdings.com/2025/01/13060332/HHH-Proposal-Letter.pdf

if anyone can understand what benefit this has to PSH holders, it would be good to know. Made my way through it but as with lots of Ackman seems very complicated. Taking the obivous away they want to recognise the true value of HHH does this mean that PSH itself will be able to list in the US? Maybe not given what reported bleow, it will be a seperate holding company? I suppose PSH shares will roll over into the new entity.

Note from a press release: Ackman wants to transform Howard Hughes into a “modern-day Berkshire Hathaway that would acquire controlling interests in operating companies,” he said, using existing cash and cash from the transaction for the new investments.


Explained well here: https://www.ft.com/conte...-4c98-a8a7-9a7fe253023d

I would presume merger would mean HHH and PSH will eventually be the same company or at least share some of the same assets?
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Raj K on 13/01/2025(UTC)
Raj K
Posted: 13 January 2025 18:31:09(UTC)
#601

Joined: 22/04/2016(UTC)
Posts: 2,819
Johan De Silva;330995 wrote:
Raj K;330991 wrote:
https://assets.pershingsquareholdings.com/2025/01/13060332/HHH-Proposal-Letter.pdf

if anyone can understand what benefit this has to PSH holders, it would be good to know. Made my way through it but as with lots of Ackman seems very complicated. Taking the obivous away they want to recognise the true value of HHH does this mean that PSH itself will be able to list in the US? Maybe not given what reported bleow, it will be a seperate holding company? I suppose PSH shares will roll over into the new entity.

Note from a press release: Ackman wants to transform Howard Hughes into a “modern-day Berkshire Hathaway that would acquire controlling interests in operating companies,” he said, using existing cash and cash from the transaction for the new investments.


Explained well here: https://www.ft.com/conte...-4c98-a8a7-9a7fe253023d

I would presume merger would mean HHH and PSH will eventually be the same company or at least share some of the same assets?


Im trying to get my head around it.... Will PSH own shares in the new Howard Hughes Holding Company (ie, existing Howard Hughes Shares will be rolled over to the new parent holding company) or will PSH be merged with the new holding company and we will be holders of HHH....

PSH has an annual investor presentation early Feb so i hope this wll all be clarified...
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Big boy
Posted: 13 January 2025 18:53:11(UTC)
#602

Joined: 20/01/2015(UTC)
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Raj K;331023 wrote:
Johan De Silva;330995 wrote:
Raj K;330991 wrote:
https://assets.pershingsquareholdings.com/2025/01/13060332/HHH-Proposal-Letter.pdf

if anyone can understand what benefit this has to PSH holders, it would be good to know. Made my way through it but as with lots of Ackman seems very complicated. Taking the obivous away they want to recognise the true value of HHH does this mean that PSH itself will be able to list in the US? Maybe not given what reported bleow, it will be a seperate holding company? I suppose PSH shares will roll over into the new entity.

Note from a press release: Ackman wants to transform Howard Hughes into a “modern-day Berkshire Hathaway that would acquire controlling interests in operating companies,” he said, using existing cash and cash from the transaction for the new investments.


Explained well here: https://www.ft.com/conte...-4c98-a8a7-9a7fe253023d

I would presume merger would mean HHH and PSH will eventually be the same company or at least share some of the same assets?


Im trying to get my head around it.... Will PSH own shares in the new Howard Hughes Holding Company (ie, existing Howard Hughes Shares will be rolled over to the new parent holding company) or will PSH be merged with the new holding company and we will be holders of HHH....

PSH has an annual investor presentation early Feb so i hope this wll all be clarified...


Is PSH worth more or less after your research..I am still a strong HOLD based on my DD.
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Raj K
Posted: 13 January 2025 19:05:09(UTC)
#604

Joined: 22/04/2016(UTC)
Posts: 2,819
Big boy;331026 wrote:


Is PSH worth more or less after your research..I am still a strong HOLD based on my DD.


I bought a tad more today......
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Newbie
Posted: 13 January 2025 19:34:05(UTC)
#603

Joined: 31/01/2012(UTC)
Posts: 3,816

Thanks: 6009 times
Was thanked: 7025 time(s) in 2602 post(s)
Big boy;331026 wrote:
Raj K;331023 wrote:
Johan De Silva;330995 wrote:
Raj K;330991 wrote:
https://assets.pershingsquareholdings.com/2025/01/13060332/HHH-Proposal-Letter.pdf

if anyone can understand what benefit this has to PSH holders, it would be good to know. Made my way through it but as with lots of Ackman seems very complicated. Taking the obivous away they want to recognise the true value of HHH does this mean that PSH itself will be able to list in the US? Maybe not given what reported bleow, it will be a seperate holding company? I suppose PSH shares will roll over into the new entity.

Note from a press release: Ackman wants to transform Howard Hughes into a “modern-day Berkshire Hathaway that would acquire controlling interests in operating companies,” he said, using existing cash and cash from the transaction for the new investments.


Explained well here: https://www.ft.com/conte...-4c98-a8a7-9a7fe253023d

I would presume merger would mean HHH and PSH will eventually be the same company or at least share some of the same assets?


Im trying to get my head around it.... Will PSH own shares in the new Howard Hughes Holding Company (ie, existing Howard Hughes Shares will be rolled over to the new parent holding company) or will PSH be merged with the new holding company and we will be holders of HHH....

PSH has an annual investor presentation early Feb so i hope this wll all be clarified...


Is PSH worth more or less after your research..I am still a strong HOLD based on my DD.

BB have you ever considered setting up a portfolio on either T212 or eToro and we can copy your trades and see how it fares. It would be nil cost to you - in fact it will likely get you more income.

That way rather than doing DD or anything one can take advantage of your industry knowledge and expertise.

Also with these platforms you are not confined to the whims or burden of the copious and often unnecessary pressures of the regulators or reporting.

One also does not have to wait for you to report your transactions as copier trades execute automatically in real time with your own.

It also saves you from being asked questions to prove your portfolio, performance or tedious reporting back to followers/copiers
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Jay P on 13/01/2025(UTC), Guest on 14/01/2025(UTC), Shero on 14/01/2025(UTC)
Newbie
Posted: 14 January 2025 00:51:35(UTC)
#599

Joined: 31/01/2012(UTC)
Posts: 3,816

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Johan De Silva;330995 wrote:
Raj K;330991 wrote:
https://assets.pershingsquareholdings.com/2025/01/13060332/HHH-Proposal-Letter.pdf

if anyone can understand what benefit this has to PSH holders, it would be good to know. Made my way through it but as with lots of Ackman seems very complicated. Taking the obivous away they want to recognise the true value of HHH does this mean that PSH itself will be able to list in the US? Maybe not given what reported bleow, it will be a seperate holding company? I suppose PSH shares will roll over into the new entity.

Note from a press release: Ackman wants to transform Howard Hughes into a “modern-day Berkshire Hathaway that would acquire controlling interests in operating companies,” he said, using existing cash and cash from the transaction for the new investments.


Explained well here: https://www.ft.com/conte...-4c98-a8a7-9a7fe253023d

I would presume merger would mean HHH and PSH will eventually be the same company or at least share some of the same assets?

The idea is that PSH sits at the top and HHH below, and wholly owned by PSH (unless other companies also want to take part). Then with time PSH would buy other companies some which are wholly owned, others partly and others in JV measure. The old BH.

Two major benefits are that a) PSH has a trading company making it easier to list and b) a constant revenue stream which can be fed up to the holding company (and down from it) in a tax efficient manner.

That is my understanding.
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2 users thanked Newbie for this post.
Guest on 14/01/2025(UTC), Raj K on 16/01/2025(UTC)
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