Intu Properties Share Discussion Threads

[escapetohome] 13/2/2020 09:06

This is down again.

I may just get my 10p which im patiently waiting for.

You never know.

[escapetohome] 13/2/2020 08:08

Oh dear . DOWN.

will i get my 10p?

[eipgam] 12/2/2020 10:35

Shanti Kelemen, investment director at Brown Shipley, had a pessimistic forecast for the heavily-indebted shopping centre-owner Intu.

The company's share price plunged yesterday after it revealed that emergency funding talks with a Hong Kong-based investor had collapsed.

"Intu will likely end up being owned by whoever owns the debt," Ms Kelemen told Today.

The company has already warned that its £5bn debt pile is too high, and Intu has started selling shopping centres to raise cash.

"It's symptomatic of the wider retail sector with the trend of people moving to shopping," Ms Kelemen said, warning: "It's not over."

She said the retail sector was also facing other "headwinds" like high business rates and increases to the minimum wage.

[robertball] 12/2/2020 07:07

Looks like lenders may end up owning this one - per today programme

[williamcooper104] 12/2/2020 01:19

NAV - the net bit is debt at par value not at break costs (much much higher) and the asset bit is of historical red books that nobody has a lot of confidence in (and doesn't account for mega maientance capex) red books even when "right" are historic, market values of listed stocks are forward looking and the forward bit looks v grim

[albert888] 12/2/2020 00:20

I don't understand, Intu's shares are trading at a 95 per cent discount to net asset value, why don't they just sell all assets, pay off all debts and return capital to shareholders. Can anyone explain this?

[ericshunn] 11/2/2020 22:39

If you insist in wanting to own low (and going lower) income producing, dated, hugely capital intensive, big(ish) regional UK shopping centres buy the intu debt you will get what you desire.

[nickrl] 11/2/2020 21:10

Konradpuss they can cover the next 12 months and depending what else they sell part of next years bond redemptions but they face a tsunami of debt repayment 2021 to 24 of c£3B. The more pressing threat is with no sign of retail values leveling out anytime soon the LTVs on many bonds are going to be breached before redemption and they risk losing the prized assets hence the need to raise cash to redeem the bonds.

[konradpuss] 11/2/2020 20:25

If they can keep the bankers and bond holders etc. at bay while selling down there might just be value here.

[sphere25] 11/2/2020 18:18

Price 12.12 -30%. Record low.

Well done to all the posters on here who perservere in trying to warn folk about the significant risks with stocks like this. We end up as the bad guys and take slack for not posting bullish comments, yet all these posters are the one's who can help folk in enormous ways.

Funny how these "bid rumours" are always nearly a red flag when it comes to suspect stocks.

It's still a train wreck and should be avoided.


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Sphere25 - 03 Sep 2019 - 21:00:38 - 1599 of 2927 Intu Properties PLC - INTU
So with the stock off a near 20% since the bid rumours, the question has got to be...

Where is the bid?

Hopefully folk got out with a profit or not too much damage.

You're welcome.

Greed rules all in this filty deceitful game. These fvkers get away with all sorts.

Be on guard.

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Sphere25 - 30 Aug 2019 - 09:58:09 - 1525 of 1599 Intu Properties PLC - INTU
Aw dear, here we go again. Another pump and dump takeover rumour just like CWD - another dog of a share.

Maybe someone has a credible source?

Usually not the case, so make sure you dump before the pumpers dump or you'll be the massive loser.

The company has already alluded to a placing and the fundamentals are nothing short of a train wreck:

"We are looking to make material progress over the next six to 12 months and we will keep all options under review, from the self-help measures described through to raising equity"

[hillofwad] 11/2/2020 17:20

LINK are coping with the coronavirus back home at the moment to be too concerned about Intu

Established $80 million scheme to support its small and medium-sized tenants in Hong Kong to alleviate their operating pressure brought by the novel coronavirus epidemic.

hxxps://www.linkreit.com/en/media/news/89?year=2020

[hillofwad] 11/2/2020 15:36

Well what is clear is that open market value of the portfolio is below book
More retail delinquencies since last September where declining rental income wont be so apparent until the DEC quarterday invoices get scooped in

Guesstimates vary but likely to be a further 7.5-14% off last summers book values triggering breaches

Not a great position to be in

However that still leaves quite a decent buffer to work at So its perhaps a little unfair to say there is NIL equity

[ny boy] 11/2/2020 15:02

It’s been obvious for a long time, there has been no equity value here. It’s been well reported, even when this was trading in the dizzy heights of the 40’s

[hillofwad] 11/2/2020 13:51

I should imagine that LINK's many astute HK investors were concerned that they were considering an investment in a mangement team who have been asleep behind the wheel

This statement today has made that abundantly clear Suspect that they would be wholly behind them to make a bid for absolute control
UK shopping centres will be familair to their investors and quite comfortable with owning
LINK have 8m sq.ft of retail assets in HK alone and 5m of mixed retail and office in mainland China


They manage their assets well and certainly will be able to add something to the party Possibly bringing in some Asian reatailers too

This story isnt over by a long chalk

[trcml] 11/2/2020 13:27

Intu and Link must. be livid at their talks having been leaked. Done deals are difficult to keep quiet about, especially nowadays with folk thinking they have every right to know what's going on. In my view, there's no reason for Intu to remain a quoted company and this leak is proof of that.

[tomboyb] 11/2/2020 13:18

Good point Jak on IRV -

Post 2919 -

That what I think will personally happen but we will have to see -

[hillofwad] 11/2/2020 13:12

The recaptalisation was never on and was never going to work unless there was any premium value attaching to the management

INTU will be sold either as a whole or in part There will be buyers for each and every centre at BV minus 20%

[williamcooper104] 11/2/2020 12:56

Why bid the equity when you can have more fun in the debt