Intu Properties Share Discussion Threads

[nasnas1] 02/6/2020 13:43

HMSO- Price action suggests there has been a big short covering this morning. Remember the big institutions cannot cover their postions in one day. Expect several days of moves like today.

[hpcg] 02/6/2020 13:09

I think this is up on Hammerson rather than its own accord. It could also be a bit of a short squeeze as borrow is pulled. Plug gets pulled at the end of this month and it will happen because of the conflict between debt at the corporate level and debt at the asset level. It is very similar to Hertz in that respect. The sum of the assets isn't enough to keep all debt whole so everyone has to act in their own interests. Debt secured on specific assets is subordinate to the top level banks. Collateral on a single shopping centre is trivial to pull in; there are numerous property management groups that can take over the property management, which is how a lot of property funds operate in the first place.

Current equity owners will be looking to shift as much off there books in this liquidity burst as they can. The gap after has been filled and if anyone is seriously saying it is better off after the shutdown, well, I'm not sure they are being honest. That RNS on 4th March makes no mention at all of the pandemic.

Traders aren't stupid, they know they have to be out before 26 June, so its a case of drawing in as many of the unsuspecting as they can.

[dave4545] 02/6/2020 13:01

Retail was on it's knees before covid and now they expect things to recover with social distancing.

The last place I'm going to touch is a shopping centre. I'm reluctant to go to the corner shop !

Many more retail outlets will not survive past 2020

[nasnas1] 02/6/2020 12:55

HMSO- 8bn of property !6.25 net asset value !January it was 300p

[mcrudden] 02/6/2020 12:33

I do agree with that, this isn't going to do a dlar that's for sure without further catalyst like you say. However they have a plan and I don't think the uks shopping centres are a dead duck at the minute. Key actions:focusing on placemaking, so our centres are places where people love to beevolving the visitor experience further to increase footfall and dwell timedelivering seamless customer offering to allow new brands easy access to centresintensifying our estate, using a capital light model, introducing new usesWhat have we done:appointed centre performance directoropened intu Lakeside leisure extensionincreased experiential offering: Big Bug Tour and Upside Down House roll-outcurated new retail concepts such as Birdhouse Café and Fashion Houseidentified around 6,000 potential residential units across eight sites, seven potential hotel sites for around 800 rooms and four flexible working sites

[dave4545] 02/6/2020 12:30

I cannot see how it can survive but things can change

It's bounces on shorts closing combined with a monster ramp on various forums probably helped by the crazy jump in de la rue with many people thinking this would
just do the same, not the case eh

[mcrudden] 02/6/2020 12:30

There are many challenges, but there are also many strengths we have to take advantage of. We own nine of the UK's top-20 centres (source: GlobalData) and on average over one million people a day visit one of our centres where our visitor satisfaction continues to grow. Our centres continue to have high occupancy at 95 per cent. We are seen as innovators – we introduced the first nationwide online shopping mall in the UK, intu.co.uk. All this means that we are a first stop and major provider of space in the UK for many global brands, such as Apple, Inditex, Victoria's Secret and Abercrombie & Fitch.

[mcrudden] 02/6/2020 12:27

If you call posting only negative points the truth then yes lol. Nothing about the 5 year strategy the business has undertaken then. No good points at all, superbly balanced discussion

[dave4545] 02/6/2020 12:23

Yeah posting the truth he's terrible !

Unlike those pump and dump accounts on twitter that try and con their followers for
their own personal gain !

[mcrudden] 02/6/2020 12:14

Both as bad as each other tbh best to keep you head down but be honest about your stance. As jack quite clearly is, no problem with that it's his opinion.

[dave4545] 02/6/2020 11:59

Yeah they are far worse than those nice people on twitter who tell their followers their stocks are worth 200-500% higher than current prices then they sell 2 minutes later for extra 5-10%

[mcrudden] 02/6/2020 11:55

Nah mostly it's because they write fishy articles while their mates go short. David

[dave4545] 02/6/2020 11:52

Shorts have to buyback to close so if the make a mistake it's a double whammy

pump and dumpers hate shorters because they are only in the stock for 1-2 days so dislike them because they refuse to hold stocks.

[zcaprd7] 02/6/2020 11:52

This is where we have a divergence of opinions I guess... Why does the bank what to end up with a duff asset, when it can take a haircut (or not by the looks of it, just a payment holiday for 2020) and move on.This was priced to go bust, so any glimmer of a viable, solvent business will send it flying.

[miahkaysor] 02/6/2020 11:51

wanted to invest but Barclays asking me some questions re REITs?

[mcrudden] 02/6/2020 11:50

Spot in Dave, shorting scumbags

[zcaprd7] 02/6/2020 11:49

Yes I know, I'm trying to predict the future, not report on the past...

[easwarareddy] 02/6/2020 11:42

15p going to get hit when us markets open

[mcrudden] 02/6/2020 11:35

He's shorting the share, very simple to see that. Very knowledgeable though but clearly short