Intu Properties Share Discussion Threads

[ericshunn] 09/1/2020 16:15

15% decline in net rental income and a 75bp increase shift in property yield more than wipes out any equity value in Intu.

[ericshunn] 09/1/2020 16:15

15% decline in net rental income and a 75bp increase shift in property yield more than wipes out any equity value in Intu.

[outlawinvestor] 09/1/2020 16:04

Nah, bundle in now for a quick recovery, money to made here... Just missed the bottom unfortunately.

Recovery? no... bounce? maybe...
Missed the bottom??? OK, maybe today's bottom...

[zcaprd7] 09/1/2020 16:01

Marks & Spencers had bad results, so what, they tried to sell skinny jeans to old crusties!

[zcaprd7] 09/1/2020 15:38

Nah, bundle in now for a quick recovery, money to made here... Just missed the bottom unfortunately.

[escapetohome] 09/1/2020 15:18

Start selling of assets , intu , and fast is my stance.

Too slow to date, get lively now.

[montyhedge] 09/1/2020 15:14

I think they may of left it to late.

[kenny] 09/1/2020 15:09

A few months ago, I posted that one should await details of the rights issue before investing. That is still my stance, but I wonder if the company has left it too late to undertake a rights issue. It may be that they have tried and there was insufficient support for a rights issue. Therefore, the company may go into liquidation, with the shares suspended for many years while the debt/property sales are worked out. There may or may not be something left for ordinary holders but that is a very distant proposition.

In my view, it has become a situation that private investors should probably avoid and leave it to the professional investors to buy/short as they have the inside information that we do not.

[williamcooper104] 09/1/2020 12:42

Yep - HMSO is down today but by not nearly as much

[williamcooper104] 09/1/2020 12:40

Simple Worst retail sales figures for 25 years And all in the middle of a non-recession Add that to Intus leverage

[nickrl] 09/1/2020 12:27

OutlawInvestor thanks but pretty savage given its really only a variety of statements confirming the general trend but i guess its that INTU is much more vulnerable than other REITs with there debt weight and LTV exposure on certain assets

[outlawinvestor] 09/1/2020 11:13

whats caused it to drop so much this morning didnt see an RNS?

Poor retail news with weak Christmas trading - bad news for them is bad news for INTU.
Also, I think some are de-risking before annual results are published.

[bookbroker] 09/1/2020 11:06

I’d say they have breached all their covenants by now, amazes me the banks and bond holders have not taken complete control, we know J.W. trying hard to save his stake here but the valuation suggests this has had it under its current form!

[nickrl] 09/1/2020 10:49

whats caused it to drop so much this morning didnt see an RNS?

[sentimentrules] 09/1/2020 10:23

I use tradingview mostly knowing. I like it a lot. Use sharescope too, but just the cheap en of day version. Good for company date labels on charts and fast flicking through lists some evenings

[sentimentrules] 09/1/2020 09:47

Not at home. Anyone know if 24p was support or not? I doubt it but not on the pulse

[knowing] 09/1/2020 09:26

👀🤣👀

[sbb1x] 09/1/2020 09:11

21p bottom ?

[zcaprd7] 09/1/2020 03:29

What's that based on?

[williamcooper104] 09/1/2020 00:40

Retail focused - very large but somewhat tired shopping centres that need a lot of capex to transform them/keep them relevant - and some of them suffering from increased competition from Westfield Plus a large retail park portfolio But they do own the best retail asset in Europe - Bicester village And their balance sheet is stretched but not distressed Debt and capex needs could well see the divi cut and despite the generous yield a cut is not, as it usually isn't, priced into the current share price But the risk of a dividend cut is a diffeeent order to the balance sheet risks that intu is running

[flyfisher] 08/1/2020 20:35

William. What do you perceive are HMSO problems?

Thanks.