Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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My good I said 10p finish out the window that goes 15p?
Amazing
But congrats to everyone making money today. 60+% is great!
This is a guess really and I'm not short here, but I think high unemployment and reduced spending will continue to be a theme in Q3, so many retailers will have used up a lot of cash reserves up until now, so unless we see a solid recovery and strong reverseal in spending, then I think retails and shopping centres will struggle.
"I think the problems will come in the next quarter"
But why? The lockdown is easing and shopping centres are gradually reopening. Rent collection will surely get stronger in H2. This quarter must be the low point for rent collection. Their cash flow forecast looks very positive.
10p coming
Flying 8.5 - 10p finish?
I think the problems will come in the next quarter.
Sain@vision - thank you
But the rent collection forecast for FY2020 shows rent collection at 63% of rent collection in 2019 (before COVID-2019). Notwithstanding the short-term impact of COVID-19, that seems an excellent cash flow outcome (and well within convenants. This doesn't look like grounds to seize any the company's assets especially as the pandemic emergency was completely unprecedented and out of INTU's control. It would seem a political own goal for bondholders not to give INTU a chance especially with shopping centres opening up.
Can I be the first to say Boom.. Childish I know
Fingers crossed lets hope so...GL All OF
8p
This WAS priced to fail..massive re rate to come 10p today folks
The bondholders are not looking to takeover the company just the 4 centres which are ring fenced Suspect that they have already lined up the buyers
This is a great opportunity for Moelis taking advantage of a black swan event
It's about to open up afterburners:) gla
Meanwhile 7p smashed..um 100% or 200% rise today is the real question
"Why would bond holders wish to take over the company if they can be assured that INTU will be able to continue paying interest?"
Why take the risk
when they have engaged an aggressive partner Moelis who will seize the opportunity of seizing assets with some potential equity going begging taking advantage of a breach
This is the point. And no way they will let this go bust. Too many jobs depend on intu.
But the cash flow statement is showing that even with impaired rents they will be in a position to pay their interest and still have some cash left both for H2 2020 and for FY2021.
Why would bond holders wish to take over the company if they can be assured that INTU will be able to continue paying interest? They would not want to be running a commercial property business especially in the current market. They will surely give INTU a chance now. The news looks very positive to me although, of course, this is still high risk and one should invest wisely and cautiously.
However, I do think it could be worth multiples of the current price. Let's see how the market absorbs the news through the day.
Maybe I am missing something
They are still seeking a standstill agreement.
Intu Properties has said rent collection across its sites is likely to drop by more than a third over the course of 2020.
How is that likely to discourage bond holders in a few weeks time taking control of the assets of the 4 centres