Intu Properties Share Discussion Threads

[bag158s] 25/6/2020 10:55

It's already up by 24% expect to go up by 100% soon

[alexios1201] 25/6/2020 10:55

Ehintu nominal is 50p so any cash payments on TO will land us 50p minimumDon't forget the cornerstone offered 279p 2years ago and BOD said no

[colin12345678] 25/6/2020 10:55

SPOB we know you are short lol hows your botty

[spob] 25/6/2020 10:46

" Share going up...it’s looking positive. Market normally gets these things right! "


oh dear

ROFLMAO

[pre] 25/6/2020 10:41

shorts will be scrambling close ahead of news now...nominal value much much higher

[zen12] 25/6/2020 10:40

Share going up...it's looking positive. Market normally gets these things right!

[spob] 25/6/2020 10:38

they should put out a statement

"shares have no value"

[spob] 25/6/2020 10:37

if administration, sharheolders get nowt

if debt for equity swap, shareholders get diluted to nowt


take your pick

makes no difference

[alexios1201] 25/6/2020 10:33

Those short will get decimated to bits50p nominal for equity hereIf there's a payout in case of ownership transfer the equity will get way more than the current mcap

[zcaprd7] 25/6/2020 10:19

How much are you short by, £1000 a penny?So, you get £5000 if you're right, and if you're wrong, you might lose £10,000, maybe more. I know how much my losses will be if this goes to zero...

[bag158s] 25/6/2020 10:19

It looks like credit facility agreed news leaked

[zcaprd7] 25/6/2020 10:17

Some news in a compromise deal leaking out?

[brownbear3] 25/6/2020 10:06

Well plenty of people taking a punt on it .

[bag158s] 25/6/2020 09:09

That was scheduled 2 weeks ago. But not the latest from creditors. Lots of buys are going on now.

[icac] 25/6/2020 09:05

Sky news just announced intu will go into admin ... (tomorrow)

[hpcg] 25/6/2020 08:56

HugoTanha - not Intu specific, but managing losses is one of the most important investment skills. No one makes 100% correct decisions, indeed 50% is a reasonable starting position. So the question you should always ask is; what is the downside? In just about every company the answer in the short term is 30%. It just takes an announcement of fraud, or deaths, or some other disaster, or even just a market correction. There are special situations though, such as here where the company is heavily indebted, or slightly different where an industry is disappearing, for example newspapers. In the case of Intu, as even the bulls would acknowledge, the worst case is a 100% loss.

So specifically for Intu, how are events matching up with your investment thesis? If they aren't then simply cut your losses and move on. If your investment thesis is intact then you can hold on, accepting that the result could be a 100% loss. No one here can give you advice on what to do.

Personally I am short and I expect to make a 100% gain on my position as the equity will end up being worth nothing. This will happen some time between now and the 1 July. As per the last RNS the situation is very messy because the centres need more cash and a couple of them are already paying all receivables to the secured debt holders.

I half expect another stay until 29 or 30 June and a pre-pack to be announced. I imagine the conversation has moved on from whether to enter administration to how to maximise returns for all as turning off the lights for even a day or two would be highly detrimental.

[zcaprd7] 25/6/2020 08:23

No news still?

[spob] 25/6/2020 07:45

if the value of your shares is now less than the cost of selling them

then don't bother

LOL

[bag158s] 24/6/2020 20:27

Some one bought 7,000,000 after hours. Is there a clue?

[icac] 24/6/2020 14:55

Intu properties will be Private soon meaning shopping centre will remain open.. yet again investors get fcck all.

[zcaprd7] 24/6/2020 14:18

And the administrators are... KPMG, who have been kept nice and sweet in the background for some weeks now.

[libertine] 24/6/2020 13:56

If it goes into administration, the appointed administrator takes control of all assets. The banks can just make a claim like any other creditor for how much they are owed. The administrators job is to realize the maximum they can for the assets and then to repay the creditors.