Intu Properties Share Discussion Threads

[underhill2] 24/6/2020 13:56

It's likely that there will be very little left for the shareholders. Normally in admin shareholders get nothing. What's likely to happen is the bank take over and new equity issued for the amount of debt resulting in the current equity having no value at all. That's because of a near 100% dilution of the current equity.

[hugotanha] 24/6/2020 13:45

What's the scenario if it goes to administration? I would thought bank will sell its assets,take its own money and give the rest to share holders? If that's the case then intu have enough money to pay back some money to the share holders?

[hugotanha] 24/6/2020 13:42

Thanks mate

[underhill2] 24/6/2020 13:29

Its an absolute gamble scenario now. If they go into administration the shares will have no value. If you dont want to take a chance that a stay of execution is granted sell up and take your loss. Im taking that chance but I wont be suprised if my shares are worth nothing by Friday

[hillofwad] 24/6/2020 12:52

Catch- 22 on rents No news before today means retailers likely to keep their hands in their pockets

[zcaprd7] 24/6/2020 12:38

It's a big gamble unfortunately... I think they collect (or not) the rents today, so their might be an announcement regarding that, bad perhaps the banks will pull the trigger based on those numbers?

[hugotanha] 24/6/2020 12:11

I am so confused, I've got 2k worth of shares bought @ 6.8. What should I do? I'm already 900 quid down , shall I sell it or keep it. Please someone help me

[zcaprd7] 24/6/2020 10:16

I doubt it will be very satisfactory to shareholders, but something that keeps the equity element in the game, and buys some more time would be enough for me ...

[zcaprd7] 24/6/2020 10:06

I might have to get my pie eating spoon out soon!

[bag158s] 24/6/2020 09:19

More buys today

[underhill2] 24/6/2020 09:05

Because some still have a hope that there will be a satisfactory agreement agreed to delay payment of the debt.

[letmepass] 24/6/2020 08:52

How come this isn't 1p yet

[hpcg] 24/6/2020 08:06

Gollard - the 100% bounce already happened.

zcaprd - HTZ can't happen in Europe or RoW. In the US shares continue to trade even if some form of administration has been declared. Initially they stay on the same market but with a Q appended, and then move to over the counter.

[turbotrader2] 23/6/2020 22:45

Sell you mean

[zcaprd7] 23/6/2020 22:34

Telegraph.co.uk: Zombified Intu isn't worth saving.https://www.telegraph.co.uk/business/2020/06/23/zombified-intu-isnt-worth-saving/"administration... seems unlikely as everyone has too much skin in the game"

[manics] 23/6/2020 20:03

Shopping centre owner Intu could have saved itself years ago
The Guardian
Nils Pratley
The Guardian•23 June 2020

[bag158s] 23/6/2020 19:52

Huge buy after hours

[ericshunn] 23/6/2020 15:29

^ The only difference to the likes of Trafford and Lakeside is they will be owned by the secured debt holders who will get a third party to manage them and tear down the Intu branding. Some of the smaller centres eg The Potteries will by managed by the administrators, who will try and sell them. Good luck with that,they may aswell turns the lights off.

[zcaprd7] 23/6/2020 12:04

It implies the banks are having a conversation, when they could have already put it out of its misery... Given how easy it all is to do that (as it gets pointed out on here every few hours) once the covenants were broken some time ago, one wonders why they haven't pulled the plug yet?

[hector_p] 23/6/2020 11:38

Does this imply that the shopping malls will be OK but owned by the Banks or whatever?

[hector_p] 23/6/2020 11:35

Hey rodders! what a coincidence!!!

[goliard] 23/6/2020 10:40

I'm certainly not suggesting buying to try to catch the 100% rise! Thats just gambling and could easily be at 1p... but wtfdik.