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Do you want to buy mine ;-)
Wake up and smell the coffee
I am on IG and am now able to trade on this if I wanted to.
Why would that be?
Risky To be honest BL are only looking to asset manage .They have enough retail on their plate
Sovereign Centros are the interesting 1 backed by Orion .they are a sort of "Son of Intu " Orion of course dropped £100m on their shareholding here The very same who welched on the deal with Hammerson on the large portfolio
The Canadians are being flagged up as the villains in the piece for only putting their hands up at the last moment to bring the show tumbling down
Shrewd ,imagine being in that position holding those cards and how they could have benefited
Convenient scapegoat as if it wasn't them surely another in a game of Whack A Mole
Priceless the Canadians being ****ged off for being businesslike for keeping their cards close to their chest. What did they expect ?
Intu RIP you made a few idiots on the board rich, they will probably go out and do the same again, buy high wil
Th shareholders borrowed money, on the premise everything will stay the same or get better. No real risk assessment no devils advocate on the non execs, just a bunch of idiots out of law school or with an “Economics’ degree. every board should have a manager who has worked his way up through that company, who cannot be fired for expressing his opinions. Probably talking to myself. PS I made a few quid here before the melt down in March anyone in here after March seriously needs to get out more.
Yea like I said don’t hold past friday I did With a few hundred After reducing just incase lost a small amount nothing I care about nothing I regret it was a gamble people who brought seeing that spike at 9p or whatever I feel for those who lost money but who didn’t do any research and saw a 300% gain at one point and jumped in without research I hope they can learn from this. The risk was their we all said it some were positive some where negative the rns wasn’t helpful it was how you read it very misleading with the arguing for 15 months not 18 months even I thought well that’s better than the 12 I was expecting but was not to be. Please guys DYOR and never risk what you can’t afford to looose captain has called to abandon ship I’ll see you around somewhere else hopfully and we can make some good money!
Did any of you guys manage to jump ship when it touched 9p because that would have seen a 50% increase?
I ditched UK Companies 10 years ago with the exception of a couple of fast growth Biotehchs, in the last 10 years I've made 780% return on FAANG and North American growth stocks, the UK is a waste of time.
I don't see how anyone can blame anyone else or the government for what has happened here, bottom line is anyone who invested in this share knew it was in trouble and extremely high risk, and that you could lose your money if you pressed the buy button, it's not nice when people lose their hard earned money but with high risk comes a high chance you will do your dough.
So you pay your money and you take your chance, i'm sure most of you investors will move on given a bit of time on lower risk shares and GL
Looking ahead as best I can, I can't bring myself to invest in anything with operations dependent on the UK economy. Companies with pipelines and IP maybe, exportables attractive to overseas bidders.
That tide will change one day but right now it's on the ebb. However did we let an overgrown schoolboy take charge?
"Chancellor dished out £billions in furlough to so many businesses but couldn't find any funds for intu"
I was under the impression that Intu made full use of the furlough scheme.
Chancellor dished out £billions in furlough to so many businesses but couldn't find any funds for intu, who were forced not to charge rents?!
I think not forcing them to pay during corona was too fair that was what cost them the most!
They are the arrogant idiots who refuse to negotiate rents with beleaguered high street shops and now they will reap the consequences, unfortunately you shareholders will suffer for their arrogance...
Central gold rand, I remember that one if I am not wrong then they had water issues with gold mining and due to that their production cost shot up and was not economical to mine gold at that point.They had everyone for a ride when they announced that they had a mou with Hong Kong investor to buy company and share price went on to gain 400%.Needless to say that mou got extended couple of times , they did a placing on back of that RNS and we did not hear anything.
Totally agree with you that a false market was created. The share should have been suspended at the end of the previous day trading & not allowed to crash losing alot if investors more money that they would have. I wonder how many inside trades were conducted during the week. These should be investigated & shareholders should actually launch a class action suit against the company.
It’s difficult to cut lose a loss on a share an take what’s left and I know from bitter experience.
50k on urals energy
20 k on Hamilton mining
15k on central rand gold Anyone remember that one !
Anyway I left the market for a while until I couldn’t resist the pathetic values of some stocks during March so went into Air partner and Xaar big time at the lows now bought the bmw bike I always wanted and paid of my debts, intu was always only. a 2k gamble on survival and bailed out of that one as well at a loss as it was a distressed company all along.
Anyway I hope we chat again on some other sites as this was a very interesting ride.
I am in ARC from the ortac days and now Brng and rps GLA
“Arrogance “...is the right wording but also applies to us punters ,we didn’t want to accept the facts glaring at us but gambled on a mirage of quick and multi baggers....lesson learnt and feel very lucky to escape with a relatively small loss but others endured sadly much much bigger loss .
So the lesson is don’t always dream of buy very low and sell high but rather buy high and sell higher!..Fundamentals,value and sentiment ,with bod be the top brass ....
Market current share valuation of any company SP is almost always right ..But what the real share value is what you believe to be right is after dyor..is your decision and responsibility.
Never been in such situation before but arrogance and overconfidence of recent portfolios gains got the better of me to take far more risk but Intu setback was a good lesson to me and back to be more cautious and grounded..
I hope all who lost here have a good return on their other investments..
But I have got to say false market was created as shares should have got suspended , they tried to give an impression that a last mintue deal is possible while administrators were appointed last week and were on standby, these talks were going on for months and failed when due to market conditions company failed to raise money in March.At that point company ran out of options, it was tough to find a buyer in this environment and even tougher to get fair price.A lot of people were suckered in last week and yesterday, some media outlets were reporting that talks had failed but trading was not halted.
I have got a feeling that this was allowed to fail deliberately, it was clear two years ago that trouble was brewing and their income kept on falling.At that point they should have tried to sell some assets to bring down debt and embarked on rights issue.
Yup, arrogance can be a very expensive characteristic. Ask Gerald Ratner.
According to the press the ceo was saying on Wednesday no chance of Intu going bust, we are far too big. They could have sold a couple of the big centres early this year but refused to even consider offers when everything should have been up for sale. Just dismissed all worries and thought it would never happen. Sheer arrogance and thought they were too important.
The post you put up yesterday about United Carpets coming back from administration, it did because management bought the company back obviously at a reduced price (with money the management probably borrowed) even though it came back from administration it was then owned by the management team that bought it back so previous shareholders were still wiped out anyway, in that instance the management did not buy the company back then say to shareholders prier to administration here are your shares back.
Hope that makes sense lad......
RRR sorry to be the bearer of bad news but this is not coming back, once assets have been sold down to pay debts and lots of legal fees (and they wont get market value for it) there will be a list of priority for who the generated money will go to and shareholders will be the last on the list, that's even if they make the list, GL on your next trade.