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
  -0.605 -3.1% 18.895 5,700,345 16:35:25
Bid Price Offer Price High Price Low Price Open Price
18.83 18.925 20.00 18.53 19.65
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts 581.10 -1,179.40 -84.30 256
Last Trade Time Trade Type Trade Size Trade Price Currency
17:36:50 O 77,630 18.895 GBX

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Date Time Title Posts
25/1/202009:15Intu Properties PLC2,650

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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 19.50p.
Intu Properties Plc has a 4 week average price of 18.53p and a 12 week average price of 18.53p.
The 1 year high share price is 122.15p while the 1 year low share price is currently 18.53p.
There are currently 1,355,670,243 shares in issue and the average daily traded volume is 6,933,675 shares. The market capitalisation of Intu Properties Plc is £256,153,892.41.
libertine: Intu Properties, whose share price has collapsed after the slew of insolvencies among tenants such as Debenhams and Arcadia, wants to launch a huge rights issue either alongside its full-year results at the end of February, or shortly afterwards. In a trading statement in November, Intu said fixing its balance sheet, which is loaded with £4.7bn of debt, was its “No 1 priority” and flagged that an equity raising was “likely”.
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
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.
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.
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.
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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