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
  -0.318 -7.19% 4.104 2,238,382 13:30:10
Bid Price Offer Price High Price Low Price Open Price
4.102 4.206 4.60 4.102 4.60
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts 542.30 -2,016.00 -145.10 56
Last Trade Time Trade Type Trade Size Trade Price Currency
13:33:17 O 400 4.20 GBX

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31/3/202007:31Intu Properties PLC3,140

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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 4.42p.
Intu Properties Plc has a 4 week average price of 3.21p and a 12 week average price of 3.21p.
The 1 year high share price is 109p while the 1 year low share price is currently 3.21p.
There are currently 1,355,670,243 shares in issue and the average daily traded volume is 10,863,923 shares. The market capitalisation of Intu Properties Plc is £55,636,706.77.
trcml: Greg2019, Yes, the idea of selling off the units to their tenants is feasible. It is commonly done in small centres and parades of shops. A service charge would still be needed to cover the repair and maintenance of common structure and shared facilities. Whether it would it would matter that long term the centre would end looking as tatty and unkept as many ex-single ownership parades of shops and small centres is a factor to consider. The only downside to the idea is a) not all retailers would buy, no appetite to tie up capital, and b) any unsold could be sold to investors. Generally, fragmented ownerships are difficult to manage overall, as the 'high street' can testify. As for the lowly share price, I suggest you are confusing the unencumbered capital value of the properties either under single-ownership, joint venture or potential sale of individual units to tenants and investors with the stock market's assessment of the risk, particularly the level of indebtedness and the power of the lenders to foreclose. Whether the only reason for the lowly share price is the imminent breach of the loan-to-value covenant is doubtful, it also perceived that with a lack of transactional evidence the valuer's opinion is wrong. Consider Hammerson, for example, HMSO's share price is also way down despite having no debt issues. In my view, the banks will not foreclose until there are clear signs of increasing demand for shopping centre investments. In the meantime, Intu will continue managing as best it can, coping with the impact of coronavirus on centres and its tenants, allowing rent reductions to ensure the survival of its key tenants. The share price is I predict likely to languish for some time yet.
greg2019: You didn't try, how do you know? Selling shops to renters are normal cases in most of countries, intu sold NTU Bromley or intu Uxbridge are because of coronavirus? Do many excuses about the low share price of intu properties, logically, a book value reduced from 411 to 147 in 2 years is not possible, when turkey suffered crisis , properties value reduced 40% only for a short period.
greg2019: 2017 intu book value 411 pence per share, 2019, intu book value is 147 pence per share, basic on Spanish and derby sold price, we got book value is 382 pence per share, so 147 pence per share is not acceptable, and the main reason share price dropped so deeply, because revaluation, so I will predict that if intu sell shops to renters, which will drive potential investors to takeover intu at no less than 200 per shares, otherwise share price will go up to 147-250 pence per share in 2 years time.
eipgam: Shanti Kelemen, investment director at Brown Shipley, had a pessimistic forecast for the heavily-indebted shopping centre-owner Intu. The company's share price plunged yesterday after it revealed that emergency funding talks with a Hong Kong-based investor had collapsed. "Intu will likely end up being owned by whoever owns the debt," Ms Kelemen told Today. The company has already warned that its £5bn debt pile is too high, and Intu has started selling shopping centres to raise cash. "It's symptomatic of the wider retail sector with the trend of people moving to shopping," Ms Kelemen said, warning: "It's not over." She said the retail sector was also facing other "headwinds" like high business rates and increases to the minimum wage.
sentimentrules: And we know what happens the majority re consensus :) 35p.... something sure is bad for share price looool "Two of 'our' Spanish assets" ... Our? Mate your just common shareholders. There is no 'our'. The share price is just a market plaything after the money is received by the company at initial. A digit. Play the digit. .. there is nothing to be 'part of' in any share price apart from that. If you don't believe me, ask any major shareholder lol
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).
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.
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.
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.
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.
Intu Properties share price data is direct from the London Stock Exchange
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