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INTU Intu Properties Plc

1.752
0.00 (0.00%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Intu Properties Plc LSE:INTU London Ordinary Share GB0006834344 ORD 50P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 1.752 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 1.752 GBX

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Date Time Title Posts
04/12/202314:00INTU 2020353
14/9/202009:55Intu Properties PLC3,827
28/6/202006:09INTU the Abyss10

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Posted at 26/6/2020 14:01 by greg2019
Our final decision against intu properties and plus 500

Dear Intu Properties & Plus 500

Plus 500 and intu properties already failed, by breaking basic business trading rules.

1. deleting customers income without permission but force customers to close trading account - plus 500;
2. intu revalue asset to 4.52 years rental cost, however 95% tenants already signed a 7-10 years rental contract on average, thus is against market demand, if the asset only worth 4.52 years rental cost, why tenants not buying the units but renting, even valued at 4.52 years rental cost, the book value is still 147 pence per share, a profitable company even during coronavirus, how can share price drop to 5 pence per share ?;
3. intu break the basic business trading rules only allowed to sell at so low price and not allowed to buy (received so many complaints);
4. Intu held annual shareholders meeting on 1st June 2020, but until today 25th June 2020, the results are still not being published;

5. CEO Mr Roberts being promoted to CEO from Financial director, he worked as CFO for over 10 years at intu properties , however he didn't realize that debt is a cost of business, he paid gross profit as dividends for last 10 years without deducting debt, this is figures evidences are clearly shown at annual finacial statements;

6 intu sold two London assets, best locations,  but cheaper prices and in a rush, at that time, intu didn't need the money, as paid 0.2 billion pounds dividends ;

7. In 2019, disposal asset 0.6 billion pounds, current asset - current liabilities=0.12 billion pounds, cash almost no change, debt down 0.32 billion pounds, about 0.3 billion pounds is missing; one company is going to bust, how can spend 0.129 billion pounds on decoration, thus is against logical thinking.



In a legal country, United Kingdom , intu properties re valuation scam will be investigated by National Action Fraud and Policemen, Mr Roberts will be arrested soon,  sell all assets at a higher price as possible, in this situation tenants are the first buyers, tenants are willing to pay 7.12 years rental cost to but the units , which comes to 10.5 billion pounds altogether, minus 4.5 billion pounds bond and debts, totally equity 6 billion pounds left should be returned to shareholders.

Therefore I will request our market return back, 22500 shares times 1.845 -2135.64 = 39376.86 pounds back .

Global needs fund has already reported the whole story to National Action fraud, and also we are sharing our experience at public on LinkedIn and WeChat, and up to thousands email lists including world investors and embassies in economy sectors, global needs fund is expecting a fair trading surroundings .

I am writing to intu properties and plus 500, if you admire United Kingdom law, please return my market return 39376.86 pounds, I will withdraw the prosecution. Otherwise, from now , anytime, the United Kingdom police may knock your doors to be investigated.

My account details :
Nationwide
Sort code: 070806
Account number: 01701794
Name:Guanjun Zhou
Amount: 39376.86 pounds.

Best Regards,

Greg Zhou
Chairman of Global Needs Fund
Posted at 26/6/2020 12:56 by greg2019
Dear Management team of intu properties,

Global Needs Fund Would like take the opportunity to take over intu properties , our offer as below :

We promise all shareholders will receive 184.5 pence per share between 6 months to 2 years (as taken over process can be done in 3 months, by September 2022).

Every I intu share can get 1.5 shares of global needs fund.

Make it simple, if all Shareholders agree our offer at annual shareholders meeting, Global Needs Fund will take over intu properties, everything remain the same, except Greg Zhou will be appointed the new CEO and Chairman of Intu properties, all shareholders (1.355 billion shares )will receive 184.5 pence per share , and then intu properties will be delisted by September 2022. And every 1 shares of intu properties can gain 1.5 share global needs fund. If our offer being accepted by shareholders, who will receive 184.5 pence per share within 2 years, and shares from Global Needs Fund (Global needs Fund, please visiting hxxps://www.linkedin.com/in/greg-zhou-818867182 ).

For example, if A hold 100 shares of intu properties currently, A will receive 184.5 pounds cash by selling your 100 shares to global needs fund (intu will be delisted by September 2022), and also A will receive 150 shares of Global Needs Fund .

If you are a shareholder of intu properties, support the take over bid, please email intu.agmquestions@intu.co.uk, which will be talked at annual general meeting.


Sincerely,

Greg Zhou
Chairman of Global Needs Fund
Posted at 22/6/2020 20:31 by greg2019
Intu properties Data facts

Intu properties is profitable all the time even during Corona virus since 2004 (share prices is 1400 pence per share).

95% tenants already signed a 7-10 years contract, but the properties being re valued at 4.52 years rental cost but book value still at 147 pence per share , if you are a tenants , are you buying the shop or rent? If you buy the unit , after 4.52 years, your rent is zero, so intu mean all tenants are stupid to sign a 7-10 years rental contracts? As intu CEO stated in February 2020, ' intu properties is going to bust, why don't sell units /shops to tenants?

Selling units/ shops to tenants at 7.12 years rental cost ,  totally can get 10.5 billion pounds immediately and easy (as tenants already signed a 7-10 years rental contracts , why don't buy the units/shops) ? After 7-10 years, the rent come to zero, tenants are more than happy to buy not to rent.

10.5 billion pounds minus all bonds and debts 4.5 billion pounds, net equity is 6 billion pounds around, divided by 1.355 billion shares , the book value is 4.43 pounds per shares, which need to return to shareholders.

This is the market demand ,  95% already signed a future rental contract, why they don't want to reduce cost to buy the shop or units, as intu is going to bust, why don't sell to tenants, a shop or units can be rented out, why can't sell to tenants easier and quick? This is a must market demand.

Did you see a product can only be rented out, not allowed to sell? Land , no; car, No; flat, no; airplane, no; train, no; clothes , No...

Therefore we got the conclusion, intu properties can sell the units/shops to each tenant for sue (95% of tenants already signed 7-10 years future rental agreement , if you are a tenant,bare you going to buy or rent the unit/ shop? As the 8th years rent will zero).

Intu properties revaluation scam being  confirmed by data analysis .
Posted at 22/6/2020 16:24 by greg2019
Dear all,

Plus 500 forced me to close my trading account on 10th June 2020, and ask me to ask money back from intu properties directly  (any issues may have with intu properties).

I went to ARNDALE center in the heart of Manchester last Friday on 19th June 2020, being told nobody from intu management work in ARNDALE center , intu properties only own 50% of ARNDALE centers , therefore I went to Trafford center, 100% owned by intu properties, at the entrance , two staffs understood why I was here to talk to the intu management team, they told me all management team are working at home, no any management team here, but you could check at information desk , I went to information desk, but nobody there, I went to upstair where the office is being directed by another intu staff, I press the ring bell of the office, somebody answered me, no management team here, my call being directed to his mobile , and the I left , met a lady intu properties staff, she also answered me no management team , I realized they all lied to me, most of shops are opening, how can no management team work here, I turned angry as I have been asked for 4 times (recorded by intu camera), I just want to make an appointment talking about the matter, how can re value properties to 4.52 years rental cost? and also being forwarded by plus 500 , I have to get refund back from intu properties directly .

Therefore I was sitting at information desk, I can't control my self, I broken the computer, however , the management team came out immediately to stop me break the other assets.

Finally my rolling pin being expropriated by policemen.

I realized that the whole story is that intu properties re value properties to 4.52 years rental cost since 2017, the scam confirmed firmly ( so many evidences), plus 500 forced me to close my account are all illegal , therefore I reported intu properties re valuation scam and plus 500 delete customer money without customers permission to national action fraud, all these actions are breaking the UK law, not acceptable in anywhere of the world.

As shareholders , I believe that the intu management team should be arrested immediately , and sell intu properties asset at higher prices as possible at 7.12 years rental cost (2017 re Valuation) , pay back all bond and debts , and the remaining equity should be returned to shareholders logically and legally on this matter.

Thanks,


Guanjun Zhou
Posted at 09/6/2020 15:00 by greg2019
Intu properties re valuation scam

An advertisment states ' INTU Merry hill Shop to rent
£ 129,654 per Annum 1665 square feet.'
In February 2020.

1665 square feet /10.764 = 154.68 square meter.

129654/154.68=838.21 pounds per square meter per year

Current Merry Hill sale price is 587600000 pounds, totally 155200 square meter. 587600000/155200 = 3786.08 pounds per square meter.

3786.08/838.21= 4.52 years, which mean if a tenant pay the rent for 4.52 years, the total amount of money paid in 4.52 years, can buy the shop (999 years), therefore, if you are a tenant, are you willing to sign a rental contract for 7 to 10 years (on average), or buy the shop?

And also basic on this calculation, re valuation in 2019 is much lower than 2011 is not acceptable, the true value is 450 pence per share basic on Spanish asset  sold price at end of 2019.

During coronavirus, the government will pay salary for 6 months, even intu properties close for 6 month to 1 year (insurance can pay salary when losing a job or government might can pay up to 1 year salary), even no any income for 1 year, but almost no cost as well, so intu properties true value will remain 450 pence per share basic on Spanish asset sold price at end of 2019.

CEO set ' fix balance sheet as strategy ', actually, which is a financial department strategy, if intu properties change strategy to selling all shops to individual tenants, as they already invested lots on decoration, built loyalty customers etc, they don't want to move firstly, basic on the calculation above, only silly people don't buy, the selling price to tenants can easily go up to the valuation in 2017 (10.5 billion pounds). The valuation in 2017 is 931,000,000 pounds for merry hill, divided by 155200 = 5998.71 pounds per square meter, 5998.71/838.21= 7.16 years, as the renters signed 7-10 years rent contract on average, if selling to tenants , the price can even increase to 10 years rental price , the true book value should be 411*1.397= 574.02 pence per share, if the renters get mortgage from bank for 20 years,  only pay half of current rent every month roughly , after 20 years, no rent cost for renters, only pay a little bit service charge (Intu properties only need to remain securities,  rubbish collection , air condition, water, cleaning and electricity basic service charge, still profitable, exactly same with buying a flat in a building) and business rates. at the other side, intu properties will receive 70% cash (10.5-0.6)*1.397 *0.7= 9.68 billion pounds within 1 year, and 13.83 billion pounds within 2 years.  Book value is roughly 574.02 pence per share.

Therefore, we have confidence to take over intu properties for a profit. Invest global needs fund now. If you have any enquiries, please visit hxxps://www.linkedin.com/in/greg-zhou-818867182
Posted at 07/6/2020 12:18 by hpcg
libertine - the company is the dictionary definition of insolvent, it does not have enough money to pay back the debt it owes. It is short of over £1 billion in that regard:




LEI: 213800JSNTERD5CJZO95

INTU PROPERTIES PLC

4 MARCH 2020



Update on strategy to fix the balance sheet

As previously announced, intu properties plc ('intu', the 'Company' or the 'Group') has been reviewing a range of options to fix its balance sheet and establish a more appropriate long-term capital structure.

intu has, over the past several months, engaged in extensive discussions with its shareholders and potential new investors regarding a possible equity raise of between
£1 billion and £1.5 billion. Following these discussions intu has concluded it is unable to proceed with an equity raise at this point.
Posted at 03/6/2020 09:48 by greg2019
     Global Needs Fund Declaration


Intu properties (www.intu.co.uk) revalue properties value to 4.52 years rental cost in 2019, bring down book value from 411 pence per share to 147 pence per share (2019), however 95%( I did market research Trafford center, 25% of Intu properties value, only 2 shops closed, less than 1% closures, ARNDALE Center less than 5%  closures in the heart of Manchester) of tenants already signed a 7-10 years rental future contract on average (when you can rent a property, you can sell the property, 4.52 years rental cost can't equal selling price in anywhere of the world). Therefore we get the conclusion, annual financial statement is fake document. (This is a clear evidence)

Global needs fund request to return investment since January 2020 (before coronavirus), however, we received unfair treatment, we lost confidence to invest further on LSE (and also, our account being closed due to plus 500 deleted one position worth 25 pounds without permission, this is a wrong business attitude, I don't think delete customer money without permission is a right attitude, this is a format ' Steal money') , we have already sent our complain to Financial Ombudsman Service (www.financial-ombudsman.org.uk) , and National Fraud Authority (contact@actionfraud.police.uk), the Police in UK.

Global Needs Fund wish intu properties will be investigated by UK financial Authority and Government, to stop the scam and return all shareholders money.

Sincerely,

Greg Zhou
Chairman of Global Needs Fund
Posted at 03/6/2020 09:01 by hpcg
No, the top of this deadest of dead cat bounces is already in. At a market cap above £100m the firepower of uninformed punters is insufficient to push further, and it is meaningful for bagholder institutions to sell into the volume. HMSO has an institution buy aggressively to a mid-teens holding level. HMSO short interest was above 10%, while here only 4%. HMSO has retraced the COVID dip, while here it has poked its nose above the level where the company said .....

intu has, over the past several months, engaged in extensive discussions with its shareholders and potential new investors regarding a possible equity raise of between
£1 billion and £1.5 billion. Following these discussions intu has concluded it is unable to proceed with an equity raise at this point.

It is above where it was when the disastrous FY2019 was released.

The share price is simple me-too enthusiasm from traders triggered by the HMSO price move that happens at one point in time to every company about to go bankrupt. It happened in Thomas Cook, it happened in Carrillion, it happened in Afren.
Posted at 19/5/2020 09:21 by greg2019
If intu properties only pay 1 billion pounds dividend in last 15 years , and invest 1 billion pounds in thousand seeds projects, intu share prices can up to 100 pounds , wrong direction.
Posted at 19/5/2020 09:12 by greg2019
Dear Management team of intu properties,

Global Needs Fund Would like take the opportunity to take over intu properties , our offer as below :

We promise all shareholders will receive 184.5 pence per share between 6 months to 2 years (as taken over process can be done in 3 months, by September 2022).

Every 6.69 intu properties shares can get 1 share of global Needs Fund , 1 share of Global Village fast food and 1 share of global village - sandwiches.

Make it simple, if all Shareholders agree our offer at annual shareholders meeting, Global Needs Fund will take over intu properties, everything remain the same, except Greg Zhou will be appointed the new CEO and Chairman of Intu properties, all shareholders (1.355 billion shares )will receive 184.5 pence per share , and then intu properties will be delisted by September 2022. And every 6.69 shares of intu properties can gain 1 share global needs fund, and 1 share of global village fast foods, and 1 share of Global Village -sandwiches for free . If our offer being accepted by shareholders, who will receive 184.5 pence per share within 2 years, and shares from Global Needs Fund, Global Village fast foods and Global Village -Sandwiches . (Global needs Fund, Global Village fast foods and Global Village -Sandwiches details attached or visiting hxxps://www.linkedin.com/in/greg-zhou-818867182 ).

For example, if A hold 669 shares of intu properties currently, A will receive 1234.3 05 pounds cash by selling your 669 shares to global needs fund (intu will be delisted by September 2022), and also A will receive 100 shares of Global Needs Fund , 100 shares of Global Village Fast foods, and 100 shares of global village - sandwiches.

If you are a shareholder of intu properties, support the take over bid, please email intu.agmquestions@intu.co.uk, which will be talked at annual general meeting.


Sincerely,

Greg Zhou
Chairman of Global Needs Fund
Intu Properties share price data is direct from the London Stock Exchange

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