Intu Properties Share Discussion Threads

[pre] 26/6/2020 12:44

rip - administration

[guruofcanada] 26/6/2020 12:42

Konrad.....I was trying to save the guy from total loss. I was expecting the suspension at the close of business. Shame.

[rbonnier] 26/6/2020 12:41

With this now in its benders those that bought today may have done their money

[suncanaria] 26/6/2020 12:39

We still have live trading.

[konradpuss] 26/6/2020 12:38

Guru, I would have broken it to Greg gently. He has put thousands of hours into the board.

[trcml] 26/6/2020 12:37

I read that on Monday, police were called to the Trafford Centre after an Intu shareholder — enraged at having lost money — damaged a customer service desk.

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The first and only time I encountered John Strachan (Intu chairman) was in the mid 1970s when he was at Healey & Baker and before he became renowned for his knowledge of the High Street. I contacted him last year to congratulate about something and despite my recounting the details of our encounter, he couldn't remember and was muddling me up with someone else. Afterwards, I decided he was past it; no surprise as far as I am concerned that Intu has failed.

Perhaps soon HMSO will be able to buy the centres it was after without having to fork out for the whole lot.

[williamcooper104] 26/6/2020 12:37

It will no one wants to be short when it's suspended as could be over a year before you get paid out

[ccraig69] 26/6/2020 12:36

it's 15 mins behind

[suncanaria] 26/6/2020 12:31

Why is it trading?

[fart_conductor] 26/6/2020 12:30

The share price is still moving up n down .. weird

[colin12345678] 26/6/2020 12:25

Suspenders now

[guruofcanada] 26/6/2020 12:23

Greg you’ve obviously never seen this scenario before. No lender cares about shareholders. Shareholders are actually the villains. They seek great rewards and yet the creditors get little rewards for the risk. Hence why when it comes to administration they cancel the shares and take the assets. Meanwhile the people running the asset (shopping centres in this case) still keep their jobs and a new company is formed without the previous shareholder demands. Now they can start fresh and offer shares for sale in a new company to raise enough equity to keep the real asset owners happy!

Sorry, but your shares are completely worthless. You will lose every single penny within days or hours.

[andysand] 26/6/2020 12:23

Not necessarily rip. No announcement yet?

[tonysss13] 26/6/2020 12:21

or leave with nothing Greg suspended just now RIP

[greg2019] 26/6/2020 12:02

Are you willing to leave with almost nothing 2000 pounds (if you hold 100,000 shares) or you like to wait for 18 months to get 184,500 pounds and 150,000 shares of global needs fund.

[hugotanha] 26/6/2020 12:02

That's what I thought but it was blue

[greg2019] 26/6/2020 11:56

Dear Management team of intu properties,

Global Needs Fund Would like take the opportunity to take over intu properties , our offer as below :

We promise all shareholders will receive 184.5 pence per share between 6 months to 2 years (as taken over process can be done in 3 months, by September 2022).

Every I intu share can get 1.5 shares of global needs fund.

Make it simple, if all Shareholders agree our offer at annual shareholders meeting, Global Needs Fund will take over intu properties, everything remain the same, except Greg Zhou will be appointed the new CEO and Chairman of Intu properties, all shareholders (1.355 billion shares )will receive 184.5 pence per share , and then intu properties will be delisted by September 2022. And every 1 shares of intu properties can gain 1.5 share global needs fund. If our offer being accepted by shareholders, who will receive 184.5 pence per share within 2 years, and shares from Global Needs Fund (Global needs Fund, please visiting hxxps://www.linkedin.com/in/greg-zhou-818867182 ).

For example, if A hold 100 shares of intu properties currently, A will receive 184.5 pounds cash by selling your 100 shares to global needs fund (intu will be delisted by September 2022), and also A will receive 150 shares of Global Needs Fund .

If you are a shareholder of intu properties, support the take over bid, please email [e-mail], which will be talked at annual general meeting.


Sincerely,

Greg Zhou
Chairman of Global Needs Fund

[greg2019] 26/6/2020 11:49

I got about 1 million yuan in my saving account.

[greg2019] 26/6/2020 11:48

How do you know I don't have saving ?

[greg2019] 26/6/2020 11:48

How do you know I don't have saving ?

[greg2019] 26/6/2020 11:48

How do you know I don't have saving ?

[andysand] 26/6/2020 11:40

Could go anywhere really. 1.5, 2.5, 3.5They are all possible :)