Intu Properties Share Discussion Threads

[philanderer] 03/9/2013 20:48

Sorely tempted to buy in here .

[eipgam] 30/8/2013 15:47

ANother >£150k worth for JW.... I realise he is seriously rich, but I wonder what he is up to buying so often... up to 23.86% of the whole company now. I would like to be able to work out the average price he has paid for his massive holding.

PS 23.86% is worth just north of £700million today

I am also wondering why not many people (or funds or analysts) are following his lead.

[eipgam] 25/8/2013 10:51

The ST reports this weeks share purchases in the Money section... gives no clue or guess as to the reason for JW increasing his stake to very nearly 20%, but does note that the stock has fallen 11% this year

[eipgam] 23/8/2013 10:35

And another 50k shares for JW... plus a little 4k purch for another director

[eipgam] 19/8/2013 11:15

another 100k shares for JW at 311p

[major clanger] 07/8/2013 16:24

Goldman Sachs downgrade INTU to sell from neutral - TP to 315p from 347p

Courtesy of hxxp://www.brokerforecasts.com/news/article/articleId/4646515

[eipgam] 06/8/2013 12:17

Non exec buy yesterday

[eipgam] 01/8/2013 18:10

www.insidermedia.com/insider/north-east/95597-intu-encouraged-retail-signs-profits-soar

Pre-tax profits have soared at Intu Properties, owner of Gateshead's Metrocentre and Eldon Square shopping centre in Newcastle, as occupancy across its portfolio remained firm at 95 per cent.

The company, which was previously known as Capital Shopping Centres until a rebrand earlier this year, posted a profit before tax of £194.3m for the six months to 30 June 2013, up from £70.2m a year earlier. The rise came despite a dip in revenues from £263.4m to £259.3m.

"We are delighted with the impact of rebranding the company and our regional shopping centres as Intu and the business opportunities the change is providing," said chief executive David Fischel.

"We have strengthened our financial position with debt refinancings and equity issuance and advanced a number of investment projects which form part of our £1bn pipeline. Today we report steady occupancy and letting progress as signs now emerge of economic recovery in the UK."

During the period, Intu raised £1.15bn of bond and bank debt and completed a £273m share placing to fund the acquisition of Midsummer Place in Milton Keynes for £250m. The purchase helped the group's overall net assets to increase from £3bn to £3.4bn.

Intu said like-for-like net rental income was down 2.9 per cent in the first six months of the year because of tenant failures. But it signed 95 new long-term leases during the period, providing £23m in annual rent.

In the North East, Intu is halfway through major refurbishment works at Eldon Square and has consolidated temporary lettings into the Sidgate area ahead of its planned 20 restaurant, two level dining quarter which, as revealed by Insider, is set to secure planning approval from Newcastle City Council later this week.

At the Metrocentre, Intu has started work to create a new "Platinum Mall" which has already resulted in new lettings to Mamas & Papas, Tessuti and Phase Eight.

The group has 17 million sq ft of retail space across its UK portfolio.

[eipgam] 01/8/2013 11:53

Not as good as Hammersons figures, but 95% occupancy rate is good when anecdotally compared to normal high st occupancy rates.

I wonder if JW is tempted to buy more, and what does he intend to do with his already massive holding here.... perhaps he just wants the divi?

[eipgam] 29/7/2013 15:59

Hammerson results today....

from the ADVFN bulletin

Hammerson has hiked its interim dividend after it kept it occupancy levels and rental income growth above target. The shopping centre property group said its underlying net rental income grew by 2.5% in the first half compared with 2.1% growth in 2012. It aims for growth in excess of 2% each year.

[eipgam] 23/7/2013 18:44

6 month results a week Thurs

[blueteam] 09/7/2013 11:41

Expect something to do with % owned but not sure. Was rumour of major share interst a few weeks back in newspaper and expect price to test 3.60 and return to FTSE250.

[eipgam] 08/7/2013 19:37

Another JW purchase.... only 5000 shares this time. Seems an odd amount, but there you go.

[playful] 01/7/2013 22:30

I have invested here today primarily due to the upcoming launch in September of intu.co.uk, which will direct all the shopping centres onto one ecommerce platform.

I feel J.W is perhaps the man we should all be following.

[eipgam] 28/6/2013 18:31

and another 100k shares

[eipgam] 25/6/2013 19:15

and he's at it again... another 100k at £3.01 ish

Including conv bonds, holding is now 23.82%

[eipgam] 24/6/2013 16:25

Thanks Phil... very interesting, but I find rumours in the MAil very hard to believe indeed.

The share price action seems to agree with me... but one can hope. £3.60 was the time to sell.

I am still happy to have followed JW's massive purchases though... he's not stupid.

Edit: I hope...

[blueteam] 11/6/2013 13:17

£3.20 buy level reached

[eipgam] 11/6/2013 12:25

Back to the Chairmans purch price... but the divi has come out since then, of course.

[eipgam] 27/5/2013 19:57

A small purchase by a NED last week... at £3.46

[eipgam] 17/5/2013 15:08

I am beginning to believe that buying following a big PDMR puurchase is a good idea. Done well for me here and MRO (so far....)

[eipgam] 10/5/2013 09:25

Hmm... none of them seem to agree with my wee investment!

[major clanger] 10/5/2013 06:31

Broker recs:

[eipgam] 07/5/2013 16:29

I like a share that recovers strongly after the initial XD fall... and this appears to beone of them at the mo'.

Should've bought more!