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Not going to disagree that this could go either way. But NOT until the 26th June which will be after they are actually allowed to let their customers trade.
Note: Cautious optimism

You will never get abused for posting facts - I am fully aware of the companies current state of affairs and this news demonstrates reality. Having said that, I expect a strong rise next week ahead of their shopping centres opening and breathing space to be given to intu the following week.

Now, you have piqued my interest and are clearly well researched - may I politely enquire as to what horses you are actually backing?

Respectfully,

Matt

Ps I have included an opinion of STRONG BUY as of now but of course may change it to OH GOD in 25 days time :-)

When the news shows the pent up demand of shopping centres a hell of a lot of interest will return here. I can see that some retailers are struggling but some others are not. Hold tight next week!

GLAH

Firstly I appreciate the link is now 3 months old. What interests me is there was appetite for a solution and intu are working hard to avoid any covenant breaches. If you can access the article it’s worth a read. The business has shown its resilience.

https://www.theguardian.com/business/2020/mar/04/struggling-shopping-centre-owner-intu-abandons-1bn-cash-call

Spotted them - and yes look like buys to me. I’m wary of posting now tho. Whenever I write something I click back later and the price has fallen!
Surprised to see the lack of movement here today - Hammerson bounced back so I have hopes for intu on Monday...

We shall see

Think I know what the bs stands for....

Net assets of £1,846 million as of 31st December last year. Last year saw a £2b write off of their asset valuation.
I believe some breathing space will be given and a potentially a couple of disposals that would keep the lenders happy. Nothing is expected to happen before the 26th June and with that in mind I’m waiting to see the impact of positive news when shopping malls are fully open on the 15th June.

The SP seems to be holding steady and I believe the slightest bit of positive news will see this rocket. Above a certain price there may we’ll be the possibility of further equity being issued to shore up the balance sheet - but this would have to be at multiples of the current SP.

The financial report is fair and easy to understand (as are the risks/potential rewards)

GLAH

At the Trafford centre in Manchester will be opening on 15th June - this behemoth has had its opening date brought forward so that it can open along with other non-essential stores on this date. Can anyone imagine the queues here?
I wish I had traded this if I’m honest (story of my life) - BUT, I can see a big uplift in SP moving up to and especially on this date.
Take your positions peeps?

Agreed. It’s a little retrace today but most of my watchlist is red today and it seems to be a bit of a down day for the wider market. Still expecting 12-15p short term personally.

GL

Matt

Are you still holding?

Shopping centres will survive and I’m banking on intu being given breathing space to demonstrate they can trade out of this.
People are desperate to get out and this will rise on further lockdown easing.

It was priced to go bust and whilst all shares have risk - this potentially could have massive rewards

Matt

I will say though that this can flip in an instant. Interesting to watch...

A morning dip - still lots of interest here and a long way to go IMHO.
Nice to see it went through 10p earlier - will look again later

GL

Nearly 4 million traded this morning already!

Not much chatter here today? Early push?

Great to see some strength here

Matt

Looks like its holding very firm - expecting a strong push this afternoon

Matt

To another push over 10p

Volume now twice the daily average - that’s saying hold on for me

My mistake - 18m shares traded already.......
Suggests a leg up is coming IMHO