You could be right about the recovery ahead but do you understand all those RNS about intu holdings? A lot of options, complicated insider trades and the dumb convertible bonds. Try and sit down, compare intu with HMSO then you start to doubt the management. My opinion is that the board cannot be trusted so don’t buy more here......buy BLND or other REITs. Sorry BLND has claimed more than 20% already but HMSO still looks better than intu.
See Just Eat just got a cash offer of £4.9b for a company turning over less than £1b and little or no profit. ITV makes excess of £500m profit on over £3b revenue. The recent takeovers make no sense and it seems Private Equities are in Ponzi mode........buy companies that can fail or those that don’t make consistent profit. I was expecting pension funds to buy utilities and media companies since sovereign yields are super low but I guess I’m wrong. Pension funds can make more money by taking stable companies like ITV private ( reduced operating costs, reduced number of execs, focus on long term).
6% fx gain on ITV takeover if USD was used for the acquisition when £/$ was 1.2. Also divi payment would have been saved. Private Equity would have made money on ITV easily. Liberty is not interested as it had received VOD cash. We need a bid for itv studio with an agreement for ITV to continue getting contents at reduced price.
You are dumb too, intu has been making huge moves so why not. This thing can spike and plunge.......getting emotional. I don’t want it to plunge but one must be ready for it........same share plunged to 33p from steady 70p that we all thought was the lowest base.....haha!
CNA has been run badly, SSE sold their retail business for £500m. Hard to fleece customers now that Ofgem has gone commy! The only way to make money is to trade energy aggressively, retain and gain customers, EV charging and customer energy services (better managed). Hive is a big joke and big money loser along with fancy distributed energy and other conn’s trick.
Yes it will go down to ftse 250, newly demerged M&G will surely enter ftse100 along with the FTSE 250 promotions. The quicker the leech (conn) is gone the better but let’s hope that the new CEO is not working for liquidators and shorts. The new CEO has nothing to lose and can call in the wise guys to chop the company up and clean up Conn’s mess.
Expect a bloody start on Monday across the markets.........4% - 10% decline surely in itv. The MMs will be looking for a killing on Monday......don’t forget the shorts will be looking for maximum damage too before any deal is passed.
Spirit energy stake is worth £1.3b which should fix the bloated balance sheet. Best energy deals at the moment are similar on comparison sites that don’t get paid to push the new tiny Ponzi energy firms that go bust. New CEO has to cut staff, simplify energy supply business (easy as signing up for Netflix / cancelling). There is money to be made via EV car charging and energy trading. Staff reduction will be huge, hive and home services should be sold off if some dumb PE equity can overpay as both businesses lose money.
MMs win every single time, they mark us down like crazy but won’t re-rate properly. ITV has fallen so much that it needs to be trading above 180p. let’s see what the Dame has been up to with the lame britbox.
without the militants who are too thick to buy shares when low then cancel the dumb ballot. SP would have surged........I guess posties don’t like to make money off the stock market no wonder MMs and hedgies are marking the SP down.
There would always be new tenants and new businesses who want space but the question is can the useless board slash their own pay and costs by 60%? All those fake invoices to connected companies and inflated expenses must go........we need an ETF style REIT that charges just a basic fee, no need for dumb execs. Just buy the property, let a hungry management firm do their job, no need for fake CEOs and CFOs who are just loading up on debt and liquidating the company.
BP could buy CNA to show that they are willing to reduce their carbon footprint. It’s not a money making move but pure PR. CNA would have to supply just gas (hydrogen) and renewable electricity. This would make XR and Greenpeace very happy.
So the FCA budget doesn’t come from the market makers directly! The government has no money so the sector fines, fees and taxes pay for running FCA. If activity diminishes in that sector then FCA budget would be chopped.
Sophos got a juicy bid today.......great! We need RMG to be taken private by an American fund / pension fund. Royal Mail needs a tech / automation do-over. With the amount of money private equity has lost in Uber, lyft and we work..........buying Royal Mail then making all the militant staff redundant would be the solution. Ocado has done a gone job with automation so Royal Mail would be better copying that model. I should write to Rico.......be bold and sack them all, borrow money to pay them off now for a smart future.
I hope the militants wake up and smell the coffee, no need for dumb strikes! 300p by Xmas easily.........falklands must be burning inside slowly. No point shorting a brand like Royal Mail........they make money with rubbish management and militant workers. They will make even more money without entitled lazy posties and entitled dumb execs!
Blame the economy and the retailers.......but the board has been operating a secured Ponzi scheme with the debt load, convertible bonds and over valuation of average assets. Who knows if they colluded with banks to artificially inflate property prices. Intu is just a trading share until it goes back to the real owners (bondholders and banks)