Intu Properties Share Discussion Threads

[libertine] 22/6/2020 12:45

JakNife

You`re entertaining if nothing else.

Your two paragraphs below contradict each other to the extent that confirms you have absolutely no understanding of what you are talking about. Unless your second paragraph is rhyming slang.


1) I'm afraid that we're beyond that now. When the banks and bondholders are arguing over who goes first and how to carve things up between themselves it should be obvious that not much if anything at all is going to be left for shareholders

2) I'm an investment banker with 26 years financial markets experience.

[onehanded] 22/6/2020 11:33

I'm afraid it's the end, bought in at 5.8p and should have sold at 9p on that spike. Cut my loses at 5.2p and moved on to SKINS today. For those holding from the old days, no advice.

[hillofwad] 22/6/2020 11:31

"How can you hold such a strong opinion and make so much noise when you don`t even understand the basics"

I'm an investment banker with 26 years financial markets experience.

JakNife

Put mateyboy firmly in his place

Sock it to them Jak LOL

Just think of all the extra business the banks can undertake arranging new loans for buyers with fresh equity

Massive feefest for others

[hpcg] 22/6/2020 11:00

They aren't solvent, they have defaulted on the terms of their loan, even if they haven't yet ceased to pay interest. They are insolvent as they cannot pay their debts; the company admits that as it wants a standstill.

[libertine] 22/6/2020 10:19

JakNife

Yes there are two options for shareholders

Zero or unlimited gain.

Equity raise is not possible.

Intu have not defaulted on any debts yet, and remain solvent at this time.

In the case of administration the banks/bondholders cannot claim any assets, they can claim only the amount of debt they are owed.

The assets will go to the Administrator, who will obtain the best price he can get for the whole or any part of the company.

How can you hold such a strong opinion and make so much noise when you don`t even understand the basics

[pre] 22/6/2020 10:18

just under 364k buy (premiums paid) and loads of AT buys....something afoot??

[pre] 22/6/2020 09:57

think some of those trades could well be shorts closing and buying back....interesting

[monte1] 22/6/2020 09:53

#205/6

tbf, ye pays yer money ye takes yer chance. A punt is a punt. Keep the stakes manageable and yer fingers crossed. When the fun stops, stops.
Hard to see a positive outcome for equity holders here, but there may be opportunities for quick in and outs as the twists and turns ahead create volatility.

[zcaprd7] 22/6/2020 09:44

When it all goes pear shaped, I'll come back for Jackknife's servings of humble pie!

[zcaprd7] 22/6/2020 09:42

It's all a bit of a gamble, yes, I know the obvious route and outcome, as the shorters keep reminding me, but that's what has created the opportunity - I'm comfortable with the risk reward at 5p.

[libertine] 22/6/2020 09:37

zcaprd7

Don`t worry about the doubters, they know no more than you.
You have seen an opportunity and you have taken it. Good for you.

[pre] 22/6/2020 09:30

alot of buys, some large....

[zcaprd7] 22/6/2020 09:29

Current price is options pennies, assuming it will go bust, depends on the deal, but the optics of nasty old bankers taking advantage (again) of the current situation is impossible, with government pressure...

[pre] 22/6/2020 09:27

deal struck -will more than double- you take your chances

[loglorry1] 22/6/2020 09:24

zcard why do you think a deal leads to the current equity price going up?

Even if a standstill is agreed why would that mean any more value for equity. The market cap is still £70m why would bondholders allow equity to keep even that much value when they are being expected to take a haircut?

On the flip side why bother to keep the equity listing? It is of little use to the company at all. It can't be used to raise further equity via a rights etc. The only use is in a debt for equity swap but in this situation the bondholders will only allow current equity a sliver of value around about £10m at most. Any more and it's cheaper to just form a new co.

[zcaprd7] 22/6/2020 09:11

I know, but that implies a conversation is going on about a deal... Could all end in tears, and I know how much I will lose if it goes to zero, do the shorts know how much they might lose?

[hillofwad] 22/6/2020 09:10

zcarpd7

7am RNS if they had an agreement in place on this.......

[zcaprd7] 22/6/2020 09:06

Perhaps, we shall find out soon enough... Doubled my small holding.

[hpcg] 22/6/2020 09:03

It doesn't matter what the RCF providers think as secured lenders will take their security at the start of next month. They realistically have no choice and would open themselves up to legal action IMO. What is the point of lending at a low rate with top security if you aren't prepared to take that security when not to do so would give you much larger losses? We aren't talking doe-eyed PIs that will sell "when I get even" but professional capitalists. Indeed it would not surprise me if some of the secured is in the hands of entities that want to get their hands on the property in question.

[zcaprd7] 22/6/2020 08:51

7am RNS if they were pulling the plug on this...

[zcaprd7] 22/6/2020 08:43

Squeaky bum time for shorts and longs alike...

[monte1] 22/6/2020 07:21

#192

LOL