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Share Price Information for Intu Properties (INTU)


Share Price: 98.62Bid: 97.88Ask: 98.20Change: 0.00 (0.00%)No Movement on Intu Properties
Spread: 0.32Spread as %: 0.33%Open: 98.00High: 99.00Low: 96.04Yesterday’s Close: 98.62

Intu Properties Plc Ord 50P

Intu Properties is listed in the FTSE 100, FTSE All-Share, FTSE 350, FTSE 350 High Yield
Intu Properties is part of the Property Investment Trusts sector

Intu Properties is a Real Estate Investment Trust who focus on shopping centre management and development.





Share Price SpacerPrice
98.62
Share Price SpacerBid
97.88
Share Price SpacerAsk
98.20
Share Price SpacerChange
0%0.00
Share Price SpacerVolume
3,495,729
Share Price SpacerOpen
98.00
Share Price SpacerHigh
99.00
Share Price SpacerLow
96.04
Share Price SpacerClose
98.62
Share Price SpacerCurrency
GBX


Currency Issue Country Shares in Issue Market Capitalisation Market Size
GBX GB 1,355.04m £1,336.34m 20,000

52 Week High 208.90 52 Week High Date 7-JUN-2018
52 Week Low 90.02 52 Week Low Date 3-MAY-2019

# Trades Vol. Sold Vol. Bought PE Ratio Earnings Dividend Yield
989 707,135 2,658,318 -1.170 -84.30 14.00 14.20


London South East Users info for Intu Properties




Date
Time
Trade Prc
Volume
Buy/Sell
Bid
Ask
Value
 

21-May-19
18:45:02
97.98
13,896
Sell* 
97.88
98.20
13.62k
Trade Type:
Ordinary

21-May-19
17:13:43
98.62
9,020
Buy* 
97.88
98.20
8,896
Trade Type:
Ordinary
Delayed publication

21-May-19
17:47:31
98.616
530
Buy* 
97.88
98.20
522.66
Trade Type:
Ordinary




View more Intu Properties trades >>

Directors Deals for Intu Properties (INTU)
Trade DateActionNotifierPriceCurrencyAmountHolding
23-Apr-19Buy
Trade Notifier Information for Intu Properties
Matthew Roberts held the position of CFO & Executive Director at Intu Properties at the time of this trade.
 Matthew Roberts
101.49GBX1,774489287
23-Apr-19Transfer From
Trade Notifier Information for Intu Properties
Matthew Roberts held the position of CFO & Executive Director at Intu Properties at the time of this trade.
 Matthew Roberts
0887490174
23-Apr-19Buy
Trade Notifier Information for Intu Properties
Susan Marsden held the position of Company Secretary at Intu Properties at the time of this trade.
 Susan Marsden
101.49GBX1,77429634
View more Intu Properties directors dealings >>


STH1954
Posts: 5
Opinion:No Opinion
Price:97.64
RE: JPMorgan Cazenove
Thu 14:15
A simple minded question: Why INTU doesn't turn the excess space to flats, houses, pubs, restaurants, hotels etc where there are demands.
gewillia
Posts: 35
Opinion:Strong Sell
Price:94.50
JPMorgan Cazenove
14 May '19
When a holding goes south, there's often a strong temptation to throw good money after bad. JPMC put out a very sober rating yesterday, saying Intu's outlook is unstable. Its asset values continue to fall. The possibility of selling assets at book value is diminishing. There's a possible drop of 30% in its Net Asset Value this year (From 300p to 200p). There's no dividend, the earnings outlook is hard to quantify and there are few anchors for the share price. (All their words)

Which is the closest I've ever seen a broker yell, "Sell now. Don't walk, run to your brokers." without actually spelling it out.

The company itself on 3rd May has forecast a possible 6% fall in rental income. Land Securities today revealed a 11.7% drop in value for its shopping centres and a 15.% fall for their retail parks, over the past 12 months.

What JPMC doesn't say, is that a 30% fall in NAV will rocket the underlying debt from 50% to over 75%, which is way in breach of typical Covenant Breach levels. Given that Intu has no cash to pay down debt unless it engages in forced sales in a retail market, where LandSec's chief financial officer just reported, "Investor appetite has evaporated", the outlook is very bleak.

I stand to be corrected, but to any existing investor the outlook, of an enormous downside and meagre upside, is very clear. If you want to invest in UK real estate there are far safer bets for your money than Intu. I'm sorry to be the bearer of bad news, but reasoned pessimism is usually more profitable than blind optimism.
zccax77
Posts: 502
Opinion:No Opinion
Price:93.16
RE: Comment
3 May '19
These clowns are so behind the curve it is unbelievable. Why are they still spending capex on projects which return 5-7%, and then do highly onerous deals with Cale st. They should stop all capex sell off surplus assets like land etc and reduce debt. They can easily pay back atleast a billion if they tried.
zccax77
Posts: 502
Opinion:No Opinion
Price:92.64
RE: Comment
2 May '19
Covenant breach means refinancing onto cov-lite loans and paying interest at 6-7%, far less worse than doing more Cale street deals.
zccax77
Posts: 502
Opinion:No Opinion
Price:92.96
RE: Comment
2 May '19
Debenhams represents less than 4% of intus rent. Market pricing in carnage in relation to debs, intus sites are some of debs prime sites, doubt there will be more than a small cut in rent. Debs have also invested heavily in intu flagship stores, so if they cut and run they will need to write down the caped.
View more share chat for Intu Properties (INTU) >>




Intu Properties Plc Ord 50P home pageWebsite: Intu Properties Plc Ord 50P
Website Description: Intu Properties is a Real Estate Investment Trust who focus on shopping centre management and development.



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