Intu Properties Share Discussion Threads

[bag158s] 23/6/2020 09:57

It's going to be like Hertz and credit facilities will be granted

[tez123] 23/6/2020 09:00

Https://www.manchestereveningnews.co.uk/news/greater-manchester-news/trafford-centre-risk-administration-closure-18470030

[zcaprd7] 23/6/2020 08:19

If hertz is anything to go by...

[outlawinvestor] 23/6/2020 08:00

Either way I bet the price rises over 100% some time between now and going bust!! Seems to be how things go now.

True, but if it drops 90% first and rises 100% it is still down a whooping 80%!

[escapetohome] 23/6/2020 07:55

Full stop. Punto terminal.

[tez123] 23/6/2020 07:51

You're probably right, the Trafford Centre alone, must be worth multiples of the current 62m Mcap.Will be interesting to see how this plays out over the next few sessions.

[goliard] 23/6/2020 07:29

Maybe Tez or maybe another delay to the inevitable. Either way I bet the price rises over 100% some time between now and going bust!! Seems to be how things go now.

[tez123] 23/6/2020 07:15

Sorry to say, but that looks like the final nail in the coffin.

[greg2019] 22/6/2020 20:35

Haha

This is a public listed British company on LSE one person or many , I trust all British are nice , finished.

[greg2019] 22/6/2020 20:34

So funny intu properties re value asset to 4.52 years rental cost , as 95% tenants signed a 7-10 years contract.

How can a share only allowed to sell at 5 pence per share, but not allowed to buy ?

1st of June annual shareholders meeting being held , but the results are not being published yet! Haha

[greg2019] 22/6/2020 20:31

Intu properties Data facts

Intu properties is profitable all the time even during Corona virus since 2004 (share prices is 1400 pence per share).

95% tenants already signed a 7-10 years contract, but the properties being re valued at 4.52 years rental cost but book value still at 147 pence per share , if you are a tenants , are you buying the shop or rent? If you buy the unit , after 4.52 years, your rent is zero, so intu mean all tenants are stupid to sign a 7-10 years rental contracts? As intu CEO stated in February 2020, ' intu properties is going to bust, why don't sell units /shops to tenants?

Selling units/ shops to tenants at 7.12 years rental cost ,  totally can get 10.5 billion pounds immediately and easy (as tenants already signed a 7-10 years rental contracts , why don't buy the units/shops) ? After 7-10 years, the rent come to zero, tenants are more than happy to buy not to rent.

10.5 billion pounds minus all bonds and debts 4.5 billion pounds, net equity is 6 billion pounds around, divided by 1.355 billion shares , the book value is 4.43 pounds per shares, which need to return to shareholders.

This is the market demand ,  95% already signed a future rental contract, why they don't want to reduce cost to buy the shop or units, as intu is going to bust, why don't sell to tenants, a shop or units can be rented out, why can't sell to tenants easier and quick? This is a must market demand.

Did you see a product can only be rented out, not allowed to sell? Land , no; car, No; flat, no; airplane, no; train, no; clothes , No...

Therefore we got the conclusion, intu properties can sell the units/shops to each tenant for sue (95% of tenants already signed 7-10 years future rental agreement , if you are a tenant,bare you going to buy or rent the unit/ shop? As the 8th years rent will zero).

Intu properties revaluation scam being  confirmed by data analysis .

[greg2019] 22/6/2020 20:23

Intu properties re valuation scam

An advertisment states ' INTU Merry hill Shop to rent
£ 129,654 per Annum 1665 square feet.'
In February 2020.

1665 square feet /10.764 = 154.68 square meter.

129654/154.68=838.21 pounds per square meter per year

Current Merry Hill sale price is 587600000 pounds, totally 155200 square meter. 587600000/155200 = 3786.08 pounds per square meter.

3786.08/838.21= 4.52 years, which mean if a tenant pay the rent for 4.52 years, the total amount of money paid in 4.52 years, can buy the shop (999 years), therefore, if you are a tenant, are you willing to sign a rental contract for 7 to 10 years (on average), or buy the shop?

And also basic on this calculation, re valuation in 2019 is much lower than 2011 is not acceptable, the true value is 450 pence per share basic on Spanish asset  sold price at end of 2019.

During coronavirus, the government will pay salary for 6 months, even intu properties close for 6 month to 1 year (insurance can pay salary when losing a job or government might can pay up to 1 year salary), even no any income for 1 year, but almost no cost as well, so intu properties true value will remain 450 pence per share basic on Spanish asset sold price at end of 2019.

CEO set ' fix balance sheet as strategy ', actually, which is a financial department strategy, if intu properties change strategy to selling all shops to individual tenants, as they already invested lots on decoration, built loyalty customers etc, they don't want to move firstly, basic on the calculation above, only silly people don't buy, the selling price to tenants can easily go up to the valuation in 2017 (10.5 billion pounds). The valuation in 2017 is 931,000,000 pounds for merry hill, divided by 155200 = 5998.71 pounds per square meter, 5998.71/838.21= 7.16 years, as the renters signed 7-10 years rent contract on average, if selling to tenants , the price can even increase to 10 years rental price , the true book value should be 411*1.397= 574.02 pence per share, if the renters get mortgage from bank for 20 years,  only pay half of current rent every month roughly , after 20 years, no rent cost for renters, only pay a little bit service charge (Intu properties only need to remain securities,  rubbish collection , air condition, water, cleaning and electricity basic service charge, still profitable, exactly same with buying a flat in a building) and business rates. at the other side, intu properties will receive 70% cash (10.5-0.6)*1.397 *0.7= 9.68 billion pounds within 1 year, and 13.83 billion pounds within 2 years.  Book value is roughly 574.02 pence per share.

Therefore, we have confidence to take over intu properties for a profit. Invest global needs fund now. If you have any enquiries, please visit hxxps://www.linkedin.com/in/greg-zhou-818867182

[loglorry1] 22/6/2020 19:05

I think the interserve route is entirely possible. The listing isn't worth much if anything certainly not the £50m price tag ppl here think is cheap.

By Friday, and actually pretty much already, all the assets will be owned by the secured creditors and then banks and unsecured bondholders.

Equity had their chance to keep control by putting in more money but the BoD found it impossible to raise the new equity required.

Anyone playing a game of chicken here in the hope of riding a bounce is bonkers imho.

[greg2019] 22/6/2020 17:17

Intu held annual shareholders meeting on 1st June 2020, until now 22nd June 2020, the results are not being published, how can a listed public company ?

[greg2019] 22/6/2020 16:59

Since 27th May 2020, intu shares only allowed to sell, not allowed to buy, this is not acceptable in anywhere of the world .

[greg2019] 22/6/2020 16:26

I have evidences in this matter

[greg2019] 22/6/2020 16:24

Dear all,

Plus 500 forced me to close my trading account on 10th June 2020, and ask me to ask money back from intu properties directly  (any issues may have with intu properties).

I went to ARNDALE center in the heart of Manchester last Friday on 19th June 2020, being told nobody from intu management work in ARNDALE center , intu properties only own 50% of ARNDALE centers , therefore I went to Trafford center, 100% owned by intu properties, at the entrance , two staffs understood why I was here to talk to the intu management team, they told me all management team are working at home, no any management team here, but you could check at information desk , I went to information desk, but nobody there, I went to upstair where the office is being directed by another intu staff, I press the ring bell of the office, somebody answered me, no management team here, my call being directed to his mobile , and the I left , met a lady intu properties staff, she also answered me no management team , I realized they all lied to me, most of shops are opening, how can no management team work here, I turned angry as I have been asked for 4 times (recorded by intu camera), I just want to make an appointment talking about the matter, how can re value properties to 4.52 years rental cost? and also being forwarded by plus 500 , I have to get refund back from intu properties directly .

Therefore I was sitting at information desk, I can't control my self, I broken the computer, however , the management team came out immediately to stop me break the other assets.

Finally my rolling pin being expropriated by policemen.

I realized that the whole story is that intu properties re value properties to 4.52 years rental cost since 2017, the scam confirmed firmly ( so many evidences), plus 500 forced me to close my account are all illegal , therefore I reported intu properties re valuation scam and plus 500 delete customer money without customers permission to national action fraud, all these actions are breaking the UK law, not acceptable in anywhere of the world.

As shareholders , I believe that the intu management team should be arrested immediately , and sell intu properties asset at higher prices as possible at 7.12 years rental cost (2017 re Valuation) , pay back all bond and debts , and the remaining equity should be returned to shareholders logically and legally on this matter.

Thanks,


Guanjun Zhou

[dijon52] 22/6/2020 16:04

Sometimes it is but when it comes to property. Either fits or it doesn't.

[zcaprd7] 22/6/2020 15:17

No news, is good news I reckon...

[dijon52] 22/6/2020 14:47

Can see administrators taking over here. If there was going to be a deal on the table would of happened by now. Gla

[libertine] 22/6/2020 14:10

JakNife (Investment banker of 26 years)

Perhaps you could explain to your followers just how an Administration Order works.

Then how the bankers and bondholders get their hands on the assets ``to carve things up between themselves``.

Is it just the case of a giving backhander to the appointed administrator.