There you go, never trust a Ponzi board...........private investors are there to be fleeced. Capital raise definitely needed to wipe out private holders. I think it could be at 10p - 20p in order to get the big banks to underwrite. I think those failed takeovers were engineered to drive up SP in order for insiders to sell up before crashing to 10p. Under their strategy, no mention of 60% cut in executive pay and zero bonus / LTIPs policy. Only suckers would buy more intu shares.
Depends on competition, if American brokers expand into U.K then HL would plunge by 50%. Vanguard is launching Sipp soon so that would knock HL by 10%. If U.K investors stop being stupid and buy ETFs instead of Woodford and other fake funds then another 30% off HL. HL is not sustainable and trying to fleece customers has never been sustainable. HL needs to look at what vanguard is doing ASAP.
Let’s just say peel group, Whitaker and JPM have been using insider info to trade intu profitably via options which is indirect. All private investors holdings are the target of these trades..........I bet private investors didn’t throw in the towel at 100p so they plunged it again then again below 50p which is below the nominal value. They did same thing with Glencore and AAL..........the death of high street and physical mall is the perfect narrative theory just as China slow down and glut of metals was in 2015 / 2016. The CEO and entire board are in on this, they get to have a job with JPM in the future.
It seems they closed the whole scheme yesterday, thought they’ve made enough money but not yet. Let’s see who is setting up more of the same. Peel has some setups too that looks complicated. Anybody here has any info?
Do you understand the rns on the option trades? Do you trust numbers released by U.K. listed companies with a dodgy audit industry? You haven’t applied 20% - 30% discount on whatever a company reports. Real asset value would be 20% - 30% lower in bad times but if we get back into great times again we could overvalue it again just to load on more debt to pay excessive salary / bonus and management fees. REITs should become ETFs no CEOs, just a small investment management team and a contracted property management firm. It is no rocket science and CEOs and dodgy boards are just not needed anymore.
SP performance / customer numbers says it all, conn must be shorting his own company. He’s wasted hard cash that was borrowed on hive and other money losing ventures while not worried about customer numbers plummeting. The shameless guy must resign ASAP............not sure if he went to business school or any school.
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.