Member Info for barnetpeter

NRR breaking below 60p now. Down 7 per cent as Intu shares suspended. All reits look dreadful now. This was not part of the plan. You put your money in a property fund and they go bust? It smacks of the City setting this up, promoting it, loading it with debt and stripping it. Ending up with billions from pensions. Easy money.

The administrator has asked for 12 million upfront from the bond holders to keep the centres open. That wont last long. Otherwise all the centres will be padlocked until a buyer is found.

Yes and the administrators have asked the bond holders for £12 million to keep the centres open. That wont last long. Will they want to pay up when rents are not being paid? Personally I doubt it.

True...but they could have raised a couple of billion in new equity. The story goes that some of the directors refused because it would have reduced holdings on the companies they represented. So all those encouraged to invest their pensions in a "safe" reit have lost the lot. NRR should raise extra cash in my view....without waiting for a further fall. Another 6 per cent down today and without any dividend payments for 6 months this can only go lower.

A REIT is a UK company or group that invests in property and enjoys a measure of protection from corporation tax in return for an obligation to distribute a significant amount of the REIT’s cash flows to shareholders.

As a REIT, intu doesn’t pay UK direct taxes on the income and capital gains from its qualifying UK property rental business (the ‘Tax Exempt Business‘).

Yes the bod that have taken a billion £ company to just a penny will take no responsibility and blame everyone else. They could easily have raised a billion in new equity a couple of years ago and / or sold off some smaller centres. But of course a lot of people will make a lot of money out of the fees involved here. The pension funds and those who invested in a reit .....a reit ffs....aimed at being a very safe investment, lose everything.

UKOG up. So why it this down so much. Looking very weak to me. Yet another placing?

Another 4.5 per cent down today. I agree this looks cheap and am looking to add but just a falling knife atm. It might be that Intu has unnerved the commercial property mkt......if all these 17 shopping centres are dumped on the mkt at knockdown prices then NAVs in general are going to take a hit and then some.

So I do think we will see prices in the 50's here in the next week or so and July and August could be dire.

As predicted....first stop 8 pence

Iwg the regus owner has been falling away...that is the sort of company that might fall sharply even though they have leeway and newly raised cash. All sorts of commercial businesses involved in properties

So it looks like shares will be suspended at 7 am then. We all knew this was a possibility. It may trigger a short term collapse in the commercial sector. The reits and many other landlord type companies may take a kicking. The government telling tenants, often large companies, don’t worry you cannot be evicted was a green light to stop paying the rent. So they have...even those that can well afford to.

is bigger than any stock in the Ftse100

In early trade Wednesday morning, shares of Tencent soared past 500 Hong Kong dollars per share, eclipsing its previous record high of 498.60 Hong Kong dollars set on Tuesday. It later fell from those levels, dropping 1.33% by the market close.
At the intraday highs of their respective Hong Kong-listed shares, both Tencent and Alibaba’s market cap stood at 4.82 trillion Hong Kong dollars (approx. $621.92 billion), according to CNBC calculations.
Analysts said the stock has been buoyed by recent optimism about Tencent’s advertising business.

Of course if these do a further 545% tomorrow if the Asian buyers leave huge buy orders then ...closed near the highs after some rally!!!

8p opening price or by 9am I reckon. No idea how much stock is around...but I never got knocked back once when selling today. Even at 5.60p. Buyers in the Far East leaving buy orders?

16:36:03 4.375 14,850,000 Buy* 3.90 4.198 649.69k

Did you fancy a top up? Must be good news.....who would punt 650K if there was a poss this was going skint in the morning?

I bought some SCGL at 0.35 and 0.55 late last year Draft. I bought all the way down from 2p. The highest selling price I got today was 5.60p. I so nearly took a tax loss in April. Given up. Most weeks not a single trade and I think no post on here for 7 months.

Mac will have its day.

Hit 62p today. Only needs to fall another 12 per cent from that level....

Not deramping at all. Just think we will see lower. Below 115p is fair though....must be near the low I would think.

My guess is this will fall to about 55p. No dividend, placing possible, mkts weak. Not good short term