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Might be a bit optimistic there. I’ve seen pull backs to the RI price before so have an alert set for 20p

And the buyers return in droves. Loving this ride

Absolutely nuts

In auction AGAIN?!?!

At 122p

Looking very very strong

Looks like it

Agreed

aaahhhh the one who sold out :-)

Fair to think tomorrows open might be quite tasty no?

outrageous drop to 100p on minimal sells - i was watching the trades go through and was genuinely gobsmacked. Then there are buys at 107p again.

Crazy

Unbelievable Jeff!!!

Ps Just got offered 7.5828 to sell 149,473. I didn't but it gives me confidence that there are buyers at this level and an 8p SP could be not too far away.

Best crack on now but best of luck

There will be a lot of focus on the reopening of shopping centres ahead of next Mondays reopening and some footage of enormous queues may work in INTU's favour. People are desperate to get out and so some positive news may be just around the corner.

Add to that the Govt have recognised the issues tenants AND landlords are facing and there may be a little leaning on INTU's debtors to provide some breathing space. Lets not forget that a couple of asset sales could make this a very very different proposition. For that to happen the shopping centres have to be open!

Furthermore and an extension of Sunday Trading hours could prove a very timely boost (if it goes ahead). I don't know about you but i'm more tempted to try a shopping centre if it does't feel so rushed (or crammed).

Matt

Ps A wealth warning - I jumped out of AML/AA way too early so my recent record ain't positive. This is it.

Hi,
I saw you have posted something but for some reason it has not added to the chat that I could normally see. Certainly not an unexpected drop considering the weekends negativity but no RNS because there is no new news.
It was dropped massively on open as no doubt stop losses were triggered (I tried to warn) - but then bounced back a little. This does have a tendency to go up and down like a *****s drawers so no clue what will happen next. I am having serious IT issues at work so live prices seems to be failing me - think LSE site is a bit off today personally.

Very quiet here today but with the weekends negativity hopefully out of the way, nerves will settle and we can only hope for a positive update.

Good luck,

Matt

Morning all,

No RNS to speak of so reasonable to conclude that INTU are negotiating with their lenders in much the same way that INTUs tenants are negotiating with them.

INTU have demonstrated through cash projections released last week that they can survive with a payment window. Do not forget that whilst their debt level is high and property valuations are falling, as of 31st December 2019, their assets were STILL VALUED at £6b.

Given some breathing space and the opportunity for a couple of disposals and INTU can thrive.

HOLD

No one on here will affect the share price movement tomorrow. I have just reread all the documents on the INTU share news at the top of this page and from what I can see there is no new news other than the RNS released on Tuesday by INTU themselves. Ok I get the recent words about administrators BUT that is all based on news that was already out there.

No breach until June 26th but “cautiously optimistic” that a deal can be reached. Let’s face it any bond holders want the interest paid. Take less but for longer......

I’m a holder at a 10p average so await the next fortnight with some trepidation. I won’t set a stop loss this time tho because this could be 10% down on open then 50% up if there is even a whiff that a solution can be reached.

I agree it would be scandalous if tenants withheld rent which forced INTU down. Common sense and a “payment window “ must happen.

GLAH

As you say loads of doom mongers have popped up with little to add. At this stage it could be argued that this is a binary bet - either it goes under in 3 weeks or it gets a stay of execution.
I will post in more detail this evening (currently at the beach on the south coast) - but I do have my reasons for thinking this horse might just be worth staying on for.

I think it’s been agreed that the bond holders are the biggest challenge. Do they try and take a piece of the assets on the 26th or do they give breathing space? Covid has created a disaster that no one could help or foresee and the those very same bond holders will know that if tenants with hold rent there is nothing any shopping centre manager can do. An unfair hand then?

Perhaps a reason to give them 6 months? The assets will still be there to take and what do they lose?

I note also that no one has posted about the possibility of extending Sunday opening hours? That could prove massively beneficial to shopping centre tenants.

Just my thoughts

They have until the 26th June to find a workable solution

Cheers

HoldRE: INTUToday 15:24Could we'll see a government handout, especially as they let the Tennant's avoid payment under their covid rulesWould be a huge administration and could seriously rock the boat for many other landlords in the retail industry. Plus a right ballache for the bond holder's, who would be stuck with assets that they wouldn't be able to shift in a hurry and stuck with Tennant's who don't wanna pay rent. Easier to leave it to Intu to try and make a break of it. 18 months standstill agreement would see this stock rocket I feel. And why bring in DH if they knew he couldn't work some magic? Seems strange him going to that role for a matter of weeks / months! Something is going on behind closed doors, I wanna see the good news on Monday - fingers crossed. Had to copy this as it’s fair reasoning. Tired of the doomsayers already.Cautiously optimistic that breathing space can be given - and this won’t breach covenants until 26th June - it’s clearly stated.I would try and let them trade out of this even if it meant extending the mortgage as it were. Cheers

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