Intu Properties Share Discussion Threads

[sentimentrules] 15/9/2019 14:49

9th September... the dog that's hounding the rise

[sentimentrules] 15/9/2019 14:48

Flows deeply diverged too.

Intra

Serious money bailed out Thursday and Friday

Hard to tell if it was reducing exposure into weekend or an all out bailout at highest prices in the week. Money favours the former

[sentimentrules] 15/9/2019 14:45

Hard to call it a rounded bottom.

Note all volume types switched deeply negative in Friday just as longer terms were approaching positivity. Fixed. Cumulative. Period. Daily averages...

Sometimes that gets missed when people just look at daily to monthly/yearly

[welshwiz] 15/9/2019 14:38

Cup and handle or rounding bottom?

[sentimentrules] 15/9/2019 10:13

I see Intu excited the teletubbies midweek. A sure sign that it's destruction is near. 'The last Capture'

Soon fill the gap to 36p in the coming week. Then it's all roses for the bears.

You only have to look at the rise weakness to know its doomed. Couldn't even get close to 50p mid , on the gerbil news.

Only one question left. Which day next week sees 36p?

Game over bulls.....

[wigwammer] 13/9/2019 19:10

It's a "pile of poop" that you called very poorly. Good to see a few HMSO long termers are making back some of their losses :)

[zccax77] 13/9/2019 17:50

INTU is a pile of poop. Good luck finding a buyer with the ability to execute, won't be Orion. HMSO is the better bet up 40% from lows including divi. HMSO will survive due to their good diversification. INTU only has option value.

[williamcooper104] 13/9/2019 16:47

These things are like dividend cuts - no matter how supposedly priced in to a share price when they happen they almost always cause a share price to tank

[williamcooper104] 13/9/2019 16:46

Yep - I had Intu on list of shares to buy when looked like non-car crash brexit but shied away as thought HMSO was better risk/return mix with simply far better assets

[williamcooper104] 13/9/2019 16:43

Struggle to see how an equity call would be accretive to share price It would be a rescue rights issue Which means mega discounted by banks In fact if I wanted to take over Intu I would Bid discounted debt Call covenants/create equity calls Underwrite rights issue at whatever price I wanted to pay for the equity

[colonel a] 13/9/2019 16:14

An equity call would hardly be a surprise and with the share price being a small fraction of NAV could potentially lift it.
However given that two short positions were reported as down on the 9th perhaps
short closure is helping to drive the price.

[hpcg] 13/9/2019 15:37

I'm definitely not fighting price. I've gone long Hammerson so I have some positivity about the rebound in the sector. Intu could still face a nasty surprise in terms of an equity call. This rebound is to some extent driven by some increased expectations in a not car crash Brexit. If those winds change this will have reflated to a comfortable sell.

[outlawinvestor] 13/9/2019 14:52

I retain a dim view of the company's prospects. The current relief in the share price will prove brief unless there is confirmation that someone is bidding for it or some of its assets.

[wigwammer] 13/9/2019 14:21

Jak - you had no problem repeating them at the lows :)

[wigwammer] 13/9/2019 13:56

The bears seem to have disappeared. If there was any conviction behind their views they'd be here banging the table, saying it's an even better short than before. But they aren't - because all they do is respond to the share price rather than predict it. And now the shares are rising they aren't sure what to think. I hope very few people acted on their opinions at the lows :)

[kingston78] 11/9/2019 16:51

Chartists will drive the share price higher. Sometimes, it has nothing to do with fundamentals; that is why prices in equity, bonds and commodities rise or fall more than normal without apparent explanation.

Just look at how Kier has risen. It is still the same company as it was a few weeks ago. Perception may be different now from then.

[welshwiz] 11/9/2019 15:55

For this Christmas
Buy now Odey pays

[zcaprd7] 11/9/2019 14:55

I think we'll need some fundamentals to drive the chart...

[kingston78] 11/9/2019 12:12

As I have said before from a charting perspective the share price will fill the gap
65 p-70 p. I have no doubt that it will rise to at least 100 p given sufficient time.

I invested in Kier just below 60 p a share at its turning point, and was fortunate enough to sell at just under 90 p within two days (too tempting to resist at a handsome quick profit). My call was right as the share price then fell away, but has since risen steadily and strongly recently.

Intu will double from here. BUY.

[wigwammer] 11/9/2019 11:41

Or be conservative and deduct the £300m swaps from equity value =£1.18bn or 86p a share :)

[wigwammer] 11/9/2019 11:38

Put the remaining assets on a 7% rental yield @ £300m = ev of £4.28bn.Target equity value = £4.28 - £2.8bn net debt.Or £1.48bn.Or over a quid per share.GLA :)

[wigwammer] 11/9/2019 11:32

Sell trafford centre: £2bnPay off £2bn debt.New net debt £2.7bn.New nri figure £300m.Enterprise value £3.2bn.New NRI yield = 9.3% Nine point three.

[libertine] 11/9/2019 10:42

Intu Properties was the standout gainer on the FTSE 250.

Independent retail analyst Nick Bubb said: "Given the focus on the embattled shopping centre group Intu Properties, after the Sunday Times story that Orion Capital is interested in the value of its flagship Trafford Centre asset, it is interesting that another struggling shopping centre company, Capital & Regional (which owns seven shopping centres in Blackburn, Hemel Hempstead, Ilford, Luton, Maidstone, Walthamstow and Wood Green) has announced today that the big South African property company Growthpoint is planning to take a majority stake in the company (which is capitalised at £120m)."