Intu Properties Dividends - INTU

Intu Properties Dividends - INTU

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Intu Properties Plc INTU London Ordinary Share GB0006834344 ORD 50P
  Price Change Price Change % Stock Price High Price Low Price Open Price Close Price Last Trade
  0.00 0.0% 35.00 35.92 34.67 35.78 35.00 16:35:21
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Industry Sector

Intu Properties INTU Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

sentimentrules: And we know what happens the majority re consensus :) 35p.... something sure is bad for share price looool "Two of 'our' Spanish assets" ... Our? Mate your just common shareholders. There is no 'our'. The share price is just a market plaything after the money is received by the company at initial. A digit. Play the digit. .. there is nothing to be 'part of' in any share price apart from that. If you don't believe me, ask any major shareholder lol
wigwammer: "These options include disposing of assets, where we are in the advanced stages of selling two of our Spanish assets.." Difficult to imagine this will be bad news for the share price. Reading this board, we certainly know where consensus sits :)
asagi: Mark Kleinman is the top business scooper. He writes: [Intu] has hired advisers to work on a critical restructuring of its balance sheet as it prepares to tap investors for new capital it is extremely difficult to imagine that this will result in good news for the share price. Who would put new money into Intu with the debt still there? Asagi (short INTU)
kingston78: Always sold down in the morning and then bounced back up in the afternoon. Someone somewhere is probably building a stake gradually without disturbing the share price much.
jaknife: kingston78, "There are two sides to the coin. If the value were zero according to some, everyone would would have sold and the market maker would have marked the price substantially lower towards zero." How on earth was the Thomas Cook share price as high as 15p only 3 months before it descended into insolvency that is expected to pay out only 2p in the pound to creditors? amaretto1, Assets are world class. The rental income from Intu's "world class" assets has fallen by 9% this year. Since when can an asset have a 9% fall in yield and still be described as "world class"? Especially when the yield fell the year before and the year before that? And asset aside, what about the debt? Is the debt world class? JakNife
kenny: An article from today's Telegraph; sobering for bulls of the company: "Intu's tumbling share price may make it 'impossible' to raise cash to pay debts" You may need a subscription to read the article.
tomboyb: Post from LSE: ( I think a very reasonable post - The only thing we cannot predict is the placing / rights issue sp) RE: SPToday 11:23 Numbers do not lie. Stripping out the obligatory optimistic puffery, this update discloses that Net Rental Income will fall by 9% this year and is expected to fall again next year, but not as badly. Let's assume by 5%. The half-year results reported a 9% fall in values. Let's be optimistic and assume only a 5% fall over this half and the first half of next year. Portfolio value at 31/12/18 was £8.9 billion - 15% = £7.5 billion at 31/12/19. (The income goes down by 15%, so the value does the same). Property debt was £5.23 billion at 30/06/19 and is steady. That gives a Debt to equity ratio of nearly 70% at end-December. (The 57.7% mentioned in Q3 is historic and outdated.) Small wonder the Q3 Update says twice that, " raising equity is an option". It's more than an option. It's an absolute necessity, because The projected sales in Spain and elsewhere will take only a few points off that 70%. Not enough to trouble the scorer. Let's assume that, as a minimum, the Debt/Equity ratio must be brought down to 50%. Half of a projected portfolio value of £7.5 billion is £3.75b, which is £1.5 billion less than current debt. So, I suggest, the capital raise will be for a minimum £1.5 billion, or £1 per existing share, which is three times the current share price I have little knowledge of the mechanics and maths of deeply-discounted rights issues, but having been on the receiving end of a number of them, my waters are telling me that a 5 for 1 rights at 20 pence each looks to be roughly in the ball park. John Whittaker speaks for just over 50% of the equity, so let's further assume that he can raise the cash to cover his £750 million. What about the PI's? I suggest it's getting close to 'Wipeout Time' as very few PI's who've bought in since 1st January will want to double or treble their current investment. This means JW will need to line up some very heavy, risk taking, hitters to underwrite the PI's 50%. There's a number out there; Brookfield, Kohlberg Kravis, to name but two, who are v. experienced property investors. But are any of them in the market to catch a falling knife? We shall see. Assuming (and it's a big assumption) that I'm half-right in these speculations, current outside shareholders will be left with 5% to 10% of Intu. It's a wonderful property company. The assets are superb, as can be seen from the update, as they outperform lesser quality malls. Maybe sell now and come back later and cheaper once the rights issue is complete? I don't know enough about the maths, but I'm pretty certain that a share price of 35p won't be seen again for a long time, once the Rights Issue is announced. As always I stand to be corrected, if my maths and/or assumptions are wrong.
williamcooper104: Balance sheet, debt, capex and cashflow will either save or kill Intu - share price charts won't
quids1n: Intu is worth alot more than it's current share price and should quickly climb from here.. Intu insiders have recently bought shares at around the 40p level and they know more about the company than you or I and also any deals or buy out offers on the horizon. Besides there is only one reason company insiders risk their own money and that's because they know the share price is undervalued and will be going up and they'll make a healthy profit.
yump: There's some confusion here. If the reason Brookfield walked away is because they think the department stores will not exist in 5 years time, why did they bother in the first place. They didn't need to make an offer to decide on that basis. So that's not the principle reason they walked away is it ? They walked away after looking at the books ? Given the absolute clarity lots of folk have on here about the problems of INTU being long-lived (who now appear credible now the price is in tatters) why would Brookfield have needed to look at the books at all and why put a bid in at all ? Surely the most probable answer is that they looked ahead a bit and saw lots of potential economic, structural and political problems and saw no reason for the INTU price to rise - so pull the bid and wait. Probably in the knowledge that a pulled bid would in this climate, inevitably drop the price further. I wonder whether questions will be asked in court at some point about the connections between INTU execs. and the bid ?
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