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 Shares Traded Last Trade
  -1.03 -2.75% 36.48 3,321,701 15:28:51
Bid Price Offer Price High Price Low Price Open Price
36.42 36.51 37.00 35.32 37.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts 581.10 -1,179.40 -84.30 495
Last Trade Time Trade Type Trade Size Trade Price Currency
15:28:24 AT 3,490 36.48 GBX

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Date Time Title Posts
12/11/201910:46Intu Properties PLC2,325

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Intu Properties (INTU) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
15:28:2436.483,4901,273.15AT
15:28:2436.481,653603.01AT
15:27:4636.441,141415.78AT
15:26:3536.438,4553,080.16O
15:22:2036.3620,0007,272.30O
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Intu Properties (INTU) Top Chat Posts

DateSubject
12/11/2019
08:20
Intu Properties Daily Update: Intu Properties Plc is listed in the Real Estate Investment Trusts sector of the London Stock Exchange with ticker INTU. The last closing price for Intu Properties was 37.51p.
Intu Properties Plc has a 4 week average price of 30.20p and a 12 week average price of 30.20p.
The 1 year high share price is 197p while the 1 year low share price is currently 30.20p.
There are currently 1,355,670,243 shares in issue and the average daily traded volume is 11,420,583 shares. The market capitalisation of Intu Properties Plc is £493,599,535.48.
06/11/2019
12:09
tomboyb: Post from LSE: ( I think a very reasonable post - The only thing we cannot predict is the placing / rights issue sp) RE: SPToday 11:23 Numbers do not lie. Stripping out the obligatory optimistic puffery, this update discloses that Net Rental Income will fall by 9% this year and is expected to fall again next year, but not as badly. Let's assume by 5%. The half-year results reported a 9% fall in values. Let's be optimistic and assume only a 5% fall over this half and the first half of next year. Portfolio value at 31/12/18 was £8.9 billion - 15% = £7.5 billion at 31/12/19. (The income goes down by 15%, so the value does the same). Property debt was £5.23 billion at 30/06/19 and is steady. That gives a Debt to equity ratio of nearly 70% at end-December. (The 57.7% mentioned in Q3 is historic and outdated.) Small wonder the Q3 Update says twice that, " raising equity is an option". It's more than an option. It's an absolute necessity, because The projected sales in Spain and elsewhere will take only a few points off that 70%. Not enough to trouble the scorer. Let's assume that, as a minimum, the Debt/Equity ratio must be brought down to 50%. Half of a projected portfolio value of £7.5 billion is £3.75b, which is £1.5 billion less than current debt. So, I suggest, the capital raise will be for a minimum £1.5 billion, or £1 per existing share, which is three times the current share price I have little knowledge of the mechanics and maths of deeply-discounted rights issues, but having been on the receiving end of a number of them, my waters are telling me that a 5 for 1 rights at 20 pence each looks to be roughly in the ball park. John Whittaker speaks for just over 50% of the equity, so let's further assume that he can raise the cash to cover his £750 million. What about the PI's? I suggest it's getting close to 'Wipeout Time' as very few PI's who've bought in since 1st January will want to double or treble their current investment. This means JW will need to line up some very heavy, risk taking, hitters to underwrite the PI's 50%. There's a number out there; Brookfield, Kohlberg Kravis, to name but two, who are v. experienced property investors. But are any of them in the market to catch a falling knife? We shall see. Assuming (and it's a big assumption) that I'm half-right in these speculations, current outside shareholders will be left with 5% to 10% of Intu. It's a wonderful property company. The assets are superb, as can be seen from the update, as they outperform lesser quality malls. Maybe sell now and come back later and cheaper once the rights issue is complete? I don't know enough about the maths, but I'm pretty certain that a share price of 35p won't be seen again for a long time, once the Rights Issue is announced. As always I stand to be corrected, if my maths and/or assumptions are wrong.
29/9/2019
10:16
kingston78: I have said it before and I am going to say it again that the share price will rise to fill in the "falling gap" 65-70 p area. Investors have rejected the 32 p level as being too low and push the price to the 40 p level. Some seller took advantage to sell when the share price was around 43-45 p. So 40 p is a critical level. There is sufficient momentum for the share price to continue rising beyond 50 p, and once it has achieved that, I believe the herd instinct will attract more buyers pushing it up beyond the 60 p level very quickly.
11/9/2019
11:12
kingston78: 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.
04/9/2019
20:23
quids1n: Intu is worth alot more than it's current share price and should quickly climb from here.. Intu insiders have recently bought shares at around the 40p level and they know more about the company than you or I and also any deals or buy out offers on the horizon. Besides there is only one reason company insiders risk their own money and that's because they know the share price is undervalued and will be going up and they'll make a healthy profit.
23/8/2019
16:13
kingston78: Share price movement (upwards or downwards) usually exaggerates / overshoots from the norm as a result of good or bad news. It will eventually settle close to a moving average on the graph. I see that the share chart has bottomed out. Moreover, it has formed the bottom of a cup shape, so it will curve upwards significantly. The share price continued to fall after recent directors' buy because there were large sellers. Directors may only buy shares at certain time, but I suspect that they know something better this time, or are confident of a deal reducing company debt soon. I hope for a good news announcement. It will propel the share price to 60 p quickly. Kier's share price more than doubled within a fortnight even without news, as investors made a more rational judgement buying the shares. The same will happen here. Intu is not going bankrupt. Even if it did there is quite a lot of residual value for shareholders; certainly more than 40 p a share. you can work it out from previous company announcements on Net Asset Value per share (even after heavy discounting).
13/8/2019
15:32
yump: There's some confusion here. If the reason Brookfield walked away is because they think the department stores will not exist in 5 years time, why did they bother in the first place. They didn't need to make an offer to decide on that basis. So that's not the principle reason they walked away is it ? They walked away after looking at the books ? Given the absolute clarity lots of folk have on here about the problems of INTU being long-lived (who now appear credible now the price is in tatters) why would Brookfield have needed to look at the books at all and why put a bid in at all ? Surely the most probable answer is that they looked ahead a bit and saw lots of potential economic, structural and political problems and saw no reason for the INTU price to rise - so pull the bid and wait. Probably in the knowledge that a pulled bid would in this climate, inevitably drop the price further. I wonder whether questions will be asked in court at some point about the connections between INTU execs. and the bid ?
30/11/2018
16:13
yump: TRCML I don't recall seeing the INTU share price 'riding high' any time recently, but I kind of get some of your points, although the idea that the board should have done x or y previously, is always something that if it were done at the time would also produce a load of criticism. Funny how reducing dividends is demanded by many and criticised by many, even when its up at a daft level. Rock and hard place really.
17/4/2018
10:23
brwo349: It's crazy when you think about it. We know these shares are chronically undervalued because of the offer HMSO turned down. They turned down an offer that valued their shares at and 18% discount to NAV. The INTU share price would be well over 300p at an 18% discount.
17/4/2018
07:37
cc2014: I think this could be a turning point as the company has now stated in this update and in the last one that whilst trading conditions aren't great out there for some retailers it isn't affecting the ability of HMSO to put rents up and replace the tenants. OK, they have some churn and vacant space but even allowing for that the overall revenue is going up. I see both HMSO and INTU share price have responded positively this morning suggesting the deal now seems a little more likely to go through. Only a little more likely though as there is a considerable gap if you do the maths for the merger premia. Someone continues to sell INTU off this morning. Yesterday the fall was driven by one large player selling stock throughout the day. Today again we have one large party selling although the trades are being placed in a different style. Hard to say yet whether it will go on all day or whether it is just someone flipping for a point or two from shares they bought yesterday afternoon.
25/10/2017
09:37
orinocor: Most of the property stocks plummetted on the Brexit vote then recovered. Some more than others. However the Intu share price is now just 215p whereas it only went to 260p after the Brexit vote. Is the outlook for shopping centres really this bad? Or are Intus' shopping centres not the high end ones that would survive and prosper. Rising interest rates won't help this either but I think that is overblown since I cannot see them rising much. I'm not sure if there is a great opportunity here or if this is a trap. Views welcome.
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