RE: Intu10 Apr 2020 00:33
I will start by stating that I have no skin in this game.
Otherwise, I admire the positivity of most posters.
My problem with this company is that it’s business model is unsustainable. An uncomfortably large proportion of the footfall in its malls are those who are buying stuff they do not need with money they do not have. The result of that is a vast amount of household debt. Please check the latest numbers. They are horrendous. Given that the current unpleasantness will make the position worse, the outlook is awful. Vast amounts of the U.K. population will go skint. I think it highly likely that most will adjust their spending patterns. And that might very well cause the early demise of Intu.