Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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I think that a fair valuation was £2, however a buyer is looking for a deal. They could sell some assets for sure they have a debt to equity ratio of about 60%. Sensible market valuation would be £1B and we are sitting at less than half of that.
There is definitely a buyer soaking up the freefloat and sells.
MaverickD: Why u think Intu management is looking for a takeover buyer (a buyer not for any particular asset they want to sell, but buyer for entire company)? Intu has no problem servicing the debt, rather, with present rent income (after paying all sorts of running cost), they can service twice the debt they have.
Problem is debt maturity in 2021. Intu can borrow to repay or repay using cash they have, plus more asset selling (or asset selling plus going for right issue). If property value keep going down substantially and continue going down next year and year after too, borrowing to repay debt would be difficult. Thus, Intu is taking step in advance. Intu is raising capital that they may not need if property value does not decrease substantially.
But to sell the company cheap? That is and should not be an option. Each share even today is backed with over £2.00 assets and they can service the debt even if rent income halves. Even if offer comes, I doubt Intu management would accept it if offer would be substantially lower than their asset value.
I don’t think shorting Intu at the moment is a good idea
Hope people were loading up this morning, as there is a buyer and its pushing up the SP - takeover is what I think tbh!
Predicted this since yesterday........40p by tomorrow. Feel sorry for anyone that panicked
Looks like MM s are letting it go , moving up at last helped with the new RNs .
"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
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As I suggested yesterday Maverick , you needed to take a careful look........
and today...what is that now telling you about JPM ?
" then out came a 500k buy "
It was an OFF BOOK trade at 33.37p and its reported time was 15:26:51 ... and there was a buyer and a seller , but as it is just a reported time you dont actually know if it was a seller offloading below the then market price ...or a buyer offering a higher ask price
My guess it that is was a sell , but reported later than when actually agreed , and OFF BOOK .....but at the time it was reported the price was 32.72p so it was looking like a buy price....
You will see that the MMs took this to around 32.5p for most of the afternoon and there were sellers that were feeding the MM then out came a 500k buy and multiple larger buys followed suit. Tomorrow a new day, but I think we will be heading back up.
what are u talking about lol
And off comes the brakes!
Soaking up the sells another buy order being worked - expect another holdings RNS. Someone has mopped up the stock
Through 33 and I think the next wave will send this through 34p......55mins to go but you can see what happened today and how the MMs played this
20 trades each of 1600 shares ?
And another 50k buy - looking like some have been mugged today
500k buy filled - that's why it went down to capture the trades to fill that
" In Spain, AliExpress opened their first European store at intu Xanadú, with footfall at the centre up 20 per cent following the opening."
Interesting...but... it has NOTHING to do with their online store , has NO click and collect , and deals ONLY with products sold at the store itself ...
Not so sure it will catch on unless it sells differentiated brands ....
I think this will go a lot higher into the close......just see how it moves up
The trades are all ALGO driven
Big buys now being filled on the order book.....I do hope some were able to add!
I would be shocked if we closed any lower than 36p - the buys have been filling the floor. This was a gap fill and the weak sellers cleared for the big orders to be made.
23,000 sq ft for Harrods beauty is about the size of 2 average Zara stores, which for the entire breadth of Beauty, hair and skincare etc is not massive ...and the profit margin on beauty brands is pretty high to allow it to take the risks....and of course they will get plenty of marketing support from the key brands too.... they may well have a good rent deal in order to boost the footfall overall which would then support all the clothes stores
Just shows in the Instagram and selfie and Influencers era how narcissism is becoming big business
Plain and simple the update was not terrible far from it, MMs marked it down and will use that to weed out the weaker holders and fill the larger buys - simple.
Its a display for the need of big retail. Pretty much along the same lines as what Capital and Regional have just secured and INTU is a far better prospect. Its a case of where you attribute value. Being able to get Harrods to take out a large retail unit within Intu Lakeside is a big draw. I'm sure others will see that too.
Footfall is vanity....
..sales are sanity
...profit is survival