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"Just a week ago JPMorgan increased their holding from below the notifiable level to over 5%. "
"shame some don't see what's going on! "
LOL ..I suggest you take another look and see what EXACTLY what that TR-1 is telling you
I believe the floor is in and a recovery into the close, although surprised we are below 40p and expect that has been engineered to get some stock for some order filling.
there is no bottom here. chart says so.
Maverick Maybe only better than expected as further damage is due .Mothercare feature very highly at Intu so yet another blow there
Maybe further damage in the Arcadia empire too. With an Election appearing slap bang in the busy Xmas period, the uncertainty heading into the next decade more than likely the great British public will be keeping their hands in their pocket
If they do more retail suffering
Having looked at the update there are multiple scenarios - assets to sell and at the current valuation you can see a white knight turning up!
https://www.retailgazette.co.uk/blog/2019/09/intu-explores-buyout-deal-orion/
Best taking a read those not aware of what has been going on in the background!
Just big buys being filled - shame some don't see what's going on!
is that it penny bounce.. me thinks this can go lower before a proper bounce.
Anything under 40p is a bargain in my view - we should see the climb up strongly. The update this morning was better than I was expecting - MMs just punishing it collecting stock.
Just a week ago JPMorgan increased their holding from below the notifiable level to over 5%.
Buyers today are getting a bargain in my view.
H-hi,
Intu’s debt is high, valuations are falling and the market sentiment is terrible now. But I would not accuse of intu of anything dodg.
I believe both bids were raised because intu’s assets are excellent. But both bids were withdrawn because the wide market was falling and deteriorating
If market sentiment changes tomorrow (not realistic) and valuations start rising, the intu shares will rise a lot. Unfortunately the market is still bad and intu’s debt is a big problem in a falling market
https://www.nottinghampost.com/news/nottingham-news/victoria-centre-broadmarsh-owner-intu-3507559
Believe me I saw the same said about many, but I feel that we will see a rebound - just some bottom feeding.
VitaB,
I hope you have spent some time to check out all intu’s debt structure and rates. Too high, not sustainable but that is public info......HMSO pulled out once they saw dodgy things under the bonnet. Peel and Whittaker’s offer was just a way to see if HMSO or any other bidders would counter......that didn’t happen so it plunged and the board was forced to admit that things are worse.
Maverick,
Your post is a ray of sunshine in the cloudy day among pessimism on the board.
There are many risks and uncertainty with intu. It is reflected in the price. The share is for very brave and risky investors.
I am well under the water but will not sell now. Intu has tangible, good quality assets. We will see
Even 1/4 of that amount is like a dream!
Ummmm I think most here know this will move higher - surprised it went so low, but expect with Brexit uncertainty kicked along the road and xmas round the corner foot fall will increase.
Don’t get tempted to buy but get tempted for a nice short. Keep your short quick, take profit and don’t look back. INTU will enter administration soon.......why? Same pattern........this is part of CEO training.
Get more debt to pay yourself, pay uunsustainable divi, overvalue the assets, launch dodgy convertible bonds, axe divi, Lauch a new strategy to save the company, call in administrators.
Takeover at £2 not so long ago, so expect some predators at current valuation
Looking like bargain territory and with occupancy higher than I thought coupled with decent valuations I see a strong bounce