Intu Properties Share Discussion Threads

[buywell3] 26/6/2020 06:14

Being wise after the event is easy


Being wise before the event is much much harder


Not many can do it , even the big guys make mistakes , albeit sometimes with other peoples monies

Here is the INTU chart from 12th june 2019 till now .




On the 12th june 2019 posted on this thread


buywell3 - 12 Jun 2019 - 14:52:55 - 892 of 1585
Intu Properties PLC - INTU

What stupid Institution/s pushed this back up to 200p ?

[henchard] 26/6/2020 06:06

...

The Board is therefore considering the position of intu with a view to protecting the interests of its stakeholders. This is likely to involve the appointment of administrators.

A further announcement will be made as soon as possible.

[crickerno1] 26/6/2020 00:01

Sit tight
Lots to play for yet

[zcaprd7] 25/6/2020 23:43

https://www.retail-week.com/stores/intu-may-win-stay-of-execution-as-stand-off-with-lenders-goes-to-the-wire/7035158.article

[zcaprd7] 25/6/2020 21:45

Not exactly "news" is it?

[henchard] 25/6/2020 21:37

BREAKING
Coronavirus: Shopping centre giant Intu nears collapse
The UK’s biggest shopping centre owner looks increasingly likely to fall into administration on Friday, Sky News learns.

The survival prospects of Britain's biggest shopping centre-owner diminished on Thursday night amid fading hopes that lenders would grant the company an eleventh-hour reprieve.

Sky News learnt that the prospects of a standstill agreement being reached between Intu Properties - which runs Manchester's Trafford Centre - and a vast syndicate of banks have been all-but extinguished ahead of a Friday deadline ...

[dg89] 25/6/2020 16:24

this won't be to buy it, but just to asset manage it (on behalf of the new owners ie the lenders) for a fee, IF Intu collapse

[lynmee90] 25/6/2020 16:10

This is for "if" they collapse

[alexios1201] 25/6/2020 16:09

British land in talks to buy Trafford centre for £1.4Billion

[icac] 25/6/2020 15:05

I work for sky news and my colleague is getting ready for action tomorrow morning. AT THIS VERY MOMENT , it's seems the team covering Intu is only editing all the negative side.. I can only assume intu will be going bust tomorrow.

[fart_conductor] 25/6/2020 13:57

Looks like the 20% w ank festival is over, everyone can put their schlongs away ..winners again .. mm's who creamed the lot... again

good luck all

[zcaprd7] 25/6/2020 13:39

Indeed, but you've done very well, so why risk not being 100% right.Move on and find the next victim... Which will be?

[hillofwad] 25/6/2020 12:28

Jak

That's the problem with the buccaneers when you make the right call

"If you are right the world loves you a little less "

[letmepass] 25/6/2020 12:17

He hasn't shorted it, he's clueless

[alexios1201] 25/6/2020 11:56

Thank you sir I am aware

[zcaprd7] 25/6/2020 11:43

Might be time to close the short and move on then? Is the risk reward worth it now you've had it from 100p to 5p?

[hillofwad] 25/6/2020 11:17

Except of course Derby which Cale Street will pick up the remaining toxic 50%for a handful of M&S vouchers

The structured sale retaining the top slice must rank as one of the worst deals of the decade shredding value

[spob] 25/6/2020 11:08

yes the business will continue for sure

that does not mean shareholders will get anything


how many times have we seen this before over the years

people never learn

[hillofwad] 25/6/2020 11:04

hpcg


"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.2


Yes no doubt there are indicative offers already on the table from interested parties for the individual centres

The virtual sales signs have been hoisted for sometime
These are trophy assets ,highly sought after Each and every one is saleable today just a question of price

[alexios1201] 25/6/2020 10:59

Shorts are in the losing position hereThe ones who shorted in singlesStandstill agreed to 15months will doThis is done I reconDebtholders cannot let it fail so they will agree to 15-18months standstill Debt trading at a piddly 13%It's in their interest to run it upHMSO in similar situation with similar size asset base if not smaller and trading at £730M McapINTU is trading at £65M McapSome catching up to do50p is my call on the standstill agreement signed