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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Intu Properties Plc | LSE:INTU | London | Ordinary Share | GB0006834344 | ORD 50P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.752 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
26/10/2018 12:26 | JP Morgan have announced 8.7% holding in INTU today. Hoping that they may assist in getting a higher bid offer. | catch007 | |
23/10/2018 15:55 | Results today just confirm my view that the current bid is totally inadequate and should be rejected completely as it substantially undervalues the future profitability of the company and its assets. | warranty | |
22/10/2018 14:48 | I'm holding. My rationale is that the parties are talking to each other and it looks like John Whittacker is trying to get the Board of INTU to agree on a price without going hostile. However, the Board have a problem. I think JW will raise the offer again. Maybe 220, Maybe 230. 240 would appear to be a knock out blow which would be the same as the HMSO bid the Board previously supported. But 240p is far less than NAV. I would be very happy with a bid at 240p and accept it. I'd probably accept 225p. Sad as I think the company is worth more than that but there's always another trade. If the share price hits 205 and stabilises there over the next couple of days that would tell me there's a higher bid coming | cc2014 | |
22/10/2018 14:38 | Should I sell or hold ? | rougeprick | |
20/10/2018 17:51 | Actually, looking back, all my income shares would have given immensely better returns if I'd just put a top price aim in and sold, then bought back after the (inevitable?) drop. Maybe its just the nature of markets now that prices in very large businesses often gyrate through 40% share price movements and its actually the SME's that are real buy and holds. Perhaps once globalisation took hold, there are simply no big corporates that can be consistently competitive enough to achieve a reliable track record. | yump | |
20/10/2018 12:15 | Yump, I think that's the problem with company boards today, they don't think long term. They award themselves so many shares at low prices that private investors can't compete. In INTUs case they have taken on debt by investing in the business allowing speculative bids at ridiculous prices. Warren Buffett does it the right way in his companies letting directors invest in the business for the long term benefits instead of selling out whilst vulnerable, ensuring it is investors who benefit rather than speculators. I hope this bid is rejected because like you I'd prefer to buy back in and hold long term until value is re-established. | warranty | |
19/10/2018 10:22 | Here's the price targets from some of the brokers. Clueless the lot of them. Or maybe they thing being wrong by 30%-50% is a good result. Deutsche Bank 140.00p UBS 160.00p Barclays Capital 160.00p Liberum Capital 145.00p Peel Hunt 165.00p | hugepants | |
19/10/2018 09:48 | Hopefully gets rejected. I'm in from higher up and don't want a paper loss crystallized for me when I was quite happy to hold until whenever as part of my income investments. | yump | |
19/10/2018 09:38 | Well I'm out with a small profit plus the dividend on he basis that I hope the offer at that level will be rejected at which time I'll buy back in lower. This company is worth far more than that and an opportunistic bid should be seen off. | warranty | |
19/10/2018 09:11 | This is an opportunist bid when sentiment is at its worst. I hope all shareholders decline this now as the shares will be well over £3 post Brexit. | iaincc | |
19/10/2018 08:30 | Will be £3b min | ivancampo | |
19/10/2018 07:48 | Will be increased. | ivancampo | |
18/10/2018 12:52 | Yes, this level is too low - I'd get out with a modest loss, but would rather just sit on the shares. A bit related if you're interested: I had a punt recently on IMMO, who are mentioned in the INTU statement wrt VR. When I say punt, that's because they've floated without any significant track record, but I did run a few figures based on their stated revenues from existing installations and quite like the business model which extends from the VR software/game design, through remote control of the machines to the actual machine ownership and sales. | yump | |
18/10/2018 11:54 | I completely agree yump, I think seeing INTU as solely retail is missing so much else. Retailers have over the years suffered falls before and been written off before but the good and new ones always bounce back. As you say, the leisure and non retail outlets can't be repeated on line and whilst High Streets may suffer, I see that footfall moving to Retail and Leisure/entertainmen | warranty | |
18/10/2018 09:53 | imo INTU still being thought of as being dependent on retail, whereas actually its dependent on selling space to anyone that can use it and retail is increasingly going to be a smaller part of that and concentrated on the retailers that are actually doing OK. Also afaik the leisure activities, although dependent in some part on retail customers, actually run on higher margins, with much simpler business models. ie. they don't have to keep on buying stock that's of the moment and trying to sell it. So if that is all true, INTU is more dependent on easy access/parking for its centres and having centres that have enough variety to make it worthwhile for people to visit, even if they're not interested in buying anything retail. They could end up being exactly the sort of 'community' venue the architects had in mind in the 50's, that got hijacked by retail. | yump | |
18/10/2018 09:29 | Share is XD at 4.6p. HMSO has risen 5% over the last couple of days yet INTU isn't moving at all, which is kind of odd as all that means is that the bid premium is being eroded. BLND and LAND although slightly different sector are well off their bottom too. Yesterday I was watching L2 and one part was selling at around 185. They shifted at least 2m shares and I couldn't tell if they had finished or not at the close of play. The price action suggests they are still there although I see no evidence today on L2 | cc2014 | |
18/10/2018 08:43 | Excellent news on the new openings, should increase footfall even further, especially with Christmas coming up. Only dropped the ex divi amount so far this morning but I expect it to recover that before weekend. | warranty | |
08/10/2018 14:03 | Yes CC short termism tends to be the norm but £2 seems ridiculously low given the circumstances. If it is only that price I’ll have to hope the company will be bold enough to reject it. I can’t blame the proposed purchasers for being opportunistic but you’d have to think that if they have any confidence in the company they’ve built they will see it as that and tell Peel to take a hike. | warranty | |
08/10/2018 10:50 | £2.40 | ivancampo | |
08/10/2018 08:49 | Well if that's the case blueteam, then I for one would hope that any bid is firmly rejected. Most holders will have bought at much higher than that and we all suspect that the demise of physical shopping is well overstated by the on line mob. Retailers are fighting back and whilst high streets may suffer that will only result in driving more footfall to shopping centres such as those held by INTU. Add in the leisure, entertainment and potential residential possibilities and this is way oversold now. Yes debt is high but as long as rental income is sustained it is entirely manageable. | warranty |
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