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30k at 5.5 is not bad value.
Shops opening up
But with shopping centres, under what restrictions?
Well things are likely to develop quickly over the next few weeks especially if INTU wish to avoid the 4 shopping centres being snatched by the bondholders.
Maybe help from the Far East beckons . As rioting heightens in Hong Kong rallying against the imposition of the Chinese National Anthem being opposed money will be desperately looking to find a safe haven
Maybe LINK rermerging somewhere in all this ?
Why would the bondholders snatch anything?...Don't see the sense.
I would rather queue outside a shop in a nice warm dry shopping center than on the high street
Night_Watch
Unfortunately for INTU it makes a lot of sense. The bondholders are owed £1.3bn and have already engaged a Magic Circle lawyer and a top investment house to look after their interests.Luckily they are able take advantage of the ring fencing they enjoy on the 4 assets at a time when the loan covenants will breach at next reval. This will allow them to take control of the rental income and potential sale away from INTU and ensure the income is safe . If they don't very real risk they might go down with the ship
Bond holders will be grabbing this opportunity with both feet and hands where they should get the vast majority of their stake back as and when 4 centres find homes
Do you sit on the main board?
Bond holders got it in the bag share holders nil.
Night Watch
Funny enough No
You asked a question I took the trouble to answer and you respond with a trite response Why ask?
Maybe those Asian investors are coming knocking?
Lol. The shares rise and the commentary team start to change their story :)
No change of story Wig Not my money just making a comment Its a rollercoaster-all coming to a head in June
The Hong Kong situation is getting out of hand and the market is expecting an influx of money
However they need to act fast if they are going to head off the bondholder
Our resident commentator IS changing his view. The shares are up and he isn’t quite so sure of himself. Just “maybe” something he didn’t predict will happen :)
Wig
Appreciate that you are always keen to seize an opportunity to have a pop Certainly the situation in Hong Kong raises the prospect of LINK reappearing as a white knight
My own feeling is that they could just as easily pick off the 4 centres from Moelis for the bondholders without all the hassle of sorting out company debts What I am very sure of is that I wont be risking a penny piece on any outcome here