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Here comes the run to blue, pushing towards 40 again
RNS out
The stories aren't Brothers Grimm Closures are a work in progress .
https://www.retailgazette.co.uk/blog/2019/11/retailers-fell-collapsed-administration-this-year-mamaspapas-mothercare/
More damage to be inflicted on Intu's rent roll as they work through the system Should imagine Mothercare likely to have a heavy impact
This morning the MMs may try to shake a few with stories regarding store closures at Mothercare, Clintons and TSB - I would be looking to top up on any weakness today.
Flat finish......but we get to enjoy the weekend. Will be looking at the press coverage on this one.
Last 20 mins should see a further wave upwards - looks very bullish on the charts
Next leg up.......deatils of an offer over the weekend and that gap to 40 to close? I just see value and sellers shares being mopped up by a buyer
Next wave higher sells are filling large buy orders - hold tight and take any limit orders off!
Gap filled a few more shares picked up......last 60mins
Nice 100k buy followed by a 50K+ buy........just heading one way....up
This is going to have a formal approach and there is a buyer soaking up the sells - just let it go up as thats where it is heading
The Kuwaiti sovereign fund were able to secure 50% in Derby with a Brucie bonus of not suffering any fall in rental income unless armageddon kicks in and it falls below 50%
You can take it as read that they wont be interested in paying anything like the same for the other toxic 50% where the rental income has probably fallen 9% since the deal was struck
Although some rays of sunshine there
https://www.derbytelegraph.co.uk/whats-on/shopping/intu-derby-3396605
So as I said make sure you use the opportunity to buy
Dom I metioned Orion sniffing around and I think there will be more news on this front - this was a £2 target about 12 months ago and even with a haircut you can see value at £1. The Kuwaiti soverign wealth fund purchased 50% of the Derby Intu - there is definite interest in their real estate holdings!
Orion Capital Managers is in the early stages of finding partners for a buyout of Intu 6 weeks ago . Let’s hope over the weekend we get a new update in the Sunday papers then up we go .
Watch this being chased higher now when people realise what has been going on.....
JP Morgan have used the drop to build a holding - they were the big buyers on Wednesday. This should now climb back up as sellers shares have filled their orders.
I hope some were aware to the fact that the sells were being picked up. MMs feeling for stock but I stll stand by the fact this could close up around 40p......its moving sharply higher!
The shares are being soaked up by a buyer.......this will climb and don't be surprised if there are reports over the weekend of a white knight. Buyers at this level. Should be well blue by the time we close!
"Predicted this since yesterday........40p by tomorrow. Feel sorry for anyone that panicked"
well Maverick D ..it is Friday....so not much interest to take it up to 40p
Looks like some panicking this morning from those that bought yesterday.....a flock of sheep following the head sheep's move
" just need a bid now due to a low price"
I am sure they are queuing up to get the bids in before the General Election and before any Brexit resolution...just for a laugh and a bit of fun....
Onwards and upwards tomorrow , just need a bid now due to a low price
Maverick You seem to operate in a world of your own
Their debt ratio in the summer was 57% and since then rental income has fallen of a cliff with CVAs kicking in .A 9% drop in rental income is unprecedented
Recent market evidence has shown that shopping centres have been selling at a significant discount to book value so more damage there
Recent examples have been flagged up here
The next few months further declines in rental income will appear with tenants like Mothercare absconding
All it needs is another Arcadia type casualty halving the rents post Xmas and its Nightmare on Elm Street
I think you will find that debt is probably showing today about 65% to today's book value which has suffered further deterioration Perilously close to breaching
So at £2 per share that values the company at £2.5 bn .Shooting for the stars with that one
Funny i told people to buy yesterday at 32.5 and again this morning at 31 - not many interested, Now everyone returning at 35p