Share Name Share Symbol Market Type Share ISIN Share Description
Intu Properties LSE:INTU London Ordinary Share GB0006834344 ORD 50P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.15p +0.09% 160.15p 159.60p 159.95p 162.30p 158.30p 158.60p 3,816,748 16:35:20
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts 616.0 227.2 16.1 9.9 2,171.11

Intu Properties Share Discussion Threads

Showing 451 to 472 of 475 messages
Chat Pages: 19  18  17  16  15  14  13  12  11  10  9  8  Older
DateSubjectAuthorDiscuss
15/8/2018
12:09
They should get the Grace Bros to move into their shopping centres then we could all sing... Second floor: Carpets, travel goods, and bedding, materials, soft furnishings, restaurants, and ties. Going down... First floor: Telephones, gents ready made suits, shirts, suits, ties, hats. Going down...
eipgam
13/8/2018
15:57
I wonder what's caused this mutt to drop 6% today. I thought Ashley taking over HOF would have helped the sector HMSO only down 2.5%
hugepants
13/8/2018
15:55
These have just hit the latest broker TP @160p - I guess the House of Fraser situation is just compounding things?
skinny
13/8/2018
15:54
160 share price / NAV 362 = Price to Book of 0.44, wondering how low it can go!
roulettewheel
13/8/2018
15:40
I am looking at my purchase between 190p and 215p and wondering what I was thinking. As for the few I bought around 255p = ouch. Seems to be no end in sight to the fall.
cc2014
13/8/2018
15:16
SP getting whacked. JW must be looking at all his >£3 share purchases and thinking 'what was I thinking'?
eipgam
10/8/2018
10:36
House of Fraser collapse will doubtless bring more pain for INTU. Every time I think this has reached a bottom another retailer fails. As Mike Ashley has bought them out of administration their current rental contracts will be void, allowing him to negotiate meaningful rent reductions or walk away from sites. The problem for the likes of INTU is that HOF stores are pretty huge so it will be very difficult for them to refill the space. I wonder where this will all end.
salpara111
27/7/2018
11:46
Thanks. A few more of these downgrades set against a rising price will tell us this is the bottom
cc2014
27/7/2018
10:55
From Citywire Peel Hunt braced for bad news at Intu Intu Properties’ (INTU) current discount to net asset value (NAV) does not reflect the potential risks associated with the business, according to Peel Hunt. Analyst James Carswell retained his ‘reduce’ recommendation and lowered the target price from 185p to 160p on the stock, which was trading down 8.3%, or 15p, at 165p. The company posted a 5.6% fall in like-for-like property values during the first six months of 2018, which lowered the net asset value per share by 12% to 362p. ‘We remain concerned about the valuation of ‘prime’ retail assets - the 0.33% increase in Intu’s topped-up initial yield should be the start of the repricing and not the end,’ said Carswell. ‘With loan-to-value approaching 50%, further repricing will have a meaningful impact on net assets and we downgrade our December 2018 forecast by 20%. The prevailing discount does not adequately reflect the risks.’
eipgam
26/7/2018
19:48
Not up to speed on the House of Fraser? Using management-speak, buzz words in such quantity never looks good in a statement.
semper vigilans
26/7/2018
14:43
cratering again
hugepants
26/7/2018
11:47
Yes quite. It's the High Street, not the shopping centres that are taking the brunt of the closures. From today's results; Taking House of Fraser as an example, they have four stores in intu centres representing 1 per cent of our rent roll. Through their CVA, they are closing 31 of their 59 stores, but all of the intu stores are remaining open with a small rent reduction on only one unit. This highlights the quality of our centres and catchments and their ability to deliver profitable sales for retailers as part of their multichannel offer.
hugepants
26/7/2018
10:54
I certainly think town centre retail will continue to fall, as cab be seen from the list of HoF closures. Unless shoppers stop shopping altogether, which I severely doubt, that will surely increase footfall at Shopping Centres like those owned by Intu. Free and plentiful parking, weatherproof shopping, all the main stores and copious refreshment options, it really is an enjoyable day out. The major retailers will fight back with their own multiple purchasing options, as they are doing. On line may have peaked, I don't know, but I think the future for big shopping centres to add additional leisure options to bring people in will continue and over time they will thrive. On line will never completely replace shoppers whatever the doom mangers like to spout.
warranty
26/7/2018
09:41
Seems to me the market (whatever that is) is pricing in the demise of physical retailing, rental drops, combined with a Brexit plus squeezed household budget high street recession. The difficulty is knowing whether that is just sentiment or whether there is going to be a continuous and permanent structural change. All the sentiment parts have been present for quite a long time, so would think that they have already had their effect. I'm in for the divi, but it would be nice to see a stable share price at some point.
yump
26/7/2018
09:35
Yump, I quite agree with you about Amazon. I always try to buy from store sites where possible rather than through Amazon for the same reasons as yourself. I'm an oldie so sad about the demise of the high street to the on liners. I understand how easy it is and you don't have to leave your chair but I see shopping as recreation and combined with a coffee or meal out enjoyable. I've watched Intu for a while now and held off buying on the falling knife scenarios but I'm now in at 165p and will add if it goes lower from here. There has to come a point where this company is just too cheap and the management change I feel could see a sentiment change. So, I'm on board and I wish luck to all holders in our renaissance.
warranty
26/7/2018
09:13
Over reaction, with CEO gone definitely a takeover target, have doubled up at 165. They not said anything we did not already know.
roulettewheel
26/7/2018
08:21
They've knocked about 5% of the value of the portfolio so NAV now down to 362p. I'd have thought a write-down was expected and factored in but obviously not.
hugepants
26/7/2018
07:41
It will be interesting to see how the share price reacts this morning. The write down of assets some would argue is well overdue and indicates management aren't sticking their heads in the sand any longer. The underlying position is better than I expected although. The guidance on LFL rent increase at the lower end of the range is no surprise although how much is already in the price is hard to tell. All of it? Most stocks are getting punished on any bad news but the share price is so low already and much of the bad news was already known. Happy to hold and collect the dividend.
cc2014
24/7/2018
01:52
Interim trading report on Thursday morning.
andyj
15/7/2018
14:04
The directors have no credibility having agreed to sell out at 250p ish per share against a book value of 411p. Too much debt will constrain the share price until there is a clear rethink on strategy, which will require new management.
schway
13/7/2018
10:06
I do not think Deutsche Bank can be completely independent in their price target of INTU, as a little while ago they were advising Hammerson to buy them. "Shares in Hammerson — which, in addition to Lazard, is being represented by Deutsche Bank and JPMorgan" https://www.standard.co.uk/business/hammerson-bats-away-second-takeover-offer-from-kl-pierre-worth-5bn-a3811221.html
roulettewheel
13/7/2018
08:36
Possibly but there is another broker, Jeffries I think, with a 155p price target. It may be the combination of relatively high debt to asset ratio (45%) and their high level of capital commitments that is the issue here rather than the quality of their portfolio. The footfall in their centres is holding up and the last update was positive.
hugepants
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