Member Info for H-hi

As a large shareholder, you don’t do that......you can pledge the shares but those put options are definitely wrong. Just like Intu’s convenants.......once you use your shares to get a loan.....banks will agree on a minimum low point whereby repayment may be demanded ASAP. Whitaker has shorted intu indirectly.

The problem with U.K companies is that they borrow too much money to overpay themselves and do a dodgy acquisition. Dividends, cash bonuses, excessive salaries should only be paid out of sustainable cash profit.

Why pay for huge put options when you are a top director and board member? The put options are huge, the RNS clearly shows them............it’s a clear signal to shorters. A REIT’s share is backed by its property which yields something so why pay huge put options? I understand a situation like beyond meat, where the mcap is greater than the whole industry.

Just a thought, a merger would cut cost and allow them to compete against blackrock / vanguard in the etf / index fund market. There is big money to be made in low cost etf / index fund business as the U.K is so far behind that a failure as big as Woodford can happen just because we don’t have a mega U.K based low cost provider.

Not sure if U.K investors can be bullish on zero dividends like the Americans. Americans trade a lot and prefer pumping up stocks until the next crash. The U.K is very conservative that’s why many hedgefunds short U.K market.

online shopping won’t be affected as long as the warehouse pickers and drivers don’t have the virus........haha! Too much hype about online shopping, Aldi and Lidl don’t do online shopping but they are beating their rivals in sales.

So what about the put options?

Nice that VOD is behaving the way it should finally.

I personally think the rights issue is the final act of their Ponzi scheme.

Whitaker has made huge money shorting his own stock.......haha! Stay away and don’t buy.

I totally agree with you but I still think private investors must discount the rights by up to 50%. I think intu’s assets (not really) are worth half the total value and rent increase would have to be in line with current inflation trends. Zero real rent growth and move towards warehouse retailing would make Malls a niche market.

Don’t bother investing here because of dodgy BOD and debt profile is not looking good.

Another old school retailer signing up to expensive rents thinking consumers will always pay up. The problem with real estate is base rent rate.......same with residential properties. Rent must be reasonable when valuing properties......how much rent would retailers be able to pay even during recession?

Intu’s net debt is underreported and is a lot higher. The update confirmed that recent proceeds from Spanish asset sale would only reduce debt by 1%......that was between say 200 - 238 million. Now we know that 1 billion would only reduce it by 5%. Makes me wonder if they have any real equity apart from their over valuation of their assets. Are you saying that Intu needs £20 billion to wipe out debts? Makes no sense or may be the entitled & uneducated directors have been ripped up by their bankers.
High rents mean high business rates which is not good for retailers (tenants). A lower interest via refinancing would allow lower rent to flat rent but stable profit. INTU is a fraud, that’s why HMSO and its own Director walked away. If Blackstone sees no value here then the Ponzi is clear.

Avro,

I just don’t believe you’ve made any profit from CNA unless you’ve be averaging down all the way down. BT is going to be ok but would take time and regulatory shake up. The U.K market is way too small for more than 2 fibre networks so OR must merge with other network owners and sold to pension funds.
Why pension funds? The regulators won’t F*** with people’s pension.

Not straightforward, the creditors would prefer administration so that they can pick up the pieces. Same bondholders and debenture holders are behind the huge shorting which has made them huge money. Same bondholders ensure that same dumb people are employed to run the company. Just like Debenhams, why pay huge divi when debt could be paid down and refinanced at cheaper rate?
This is a PONZI and retail buyers are the easy target.

Share consolidation 10:1 then a £2 billion R.I and / or new placement. Pay down debt, slash execs numbers, new independent BOD needed (fund managers preferably......no old Ponzi grandees)

Retail properties have been overtaxed via business rates. The industry needs a strong lobby group to influence the government.......click n collect makes sense and should see growth. Retail properties must be run by fund managers only not REITs as it is too expensive. We are going to see direct property ETFs very soon charging 0.5% for management.......no dumb CEOs and dodgy CFOs scheming with hedgefunds and valuation. I am about to write to blackrock CEO......would be nice for fake executives to not get a job anymore!!!

Please don’t buy if intu borrows money at high interest rate from vulture funds. Any bonds or loans yielding more than 4% at current state of the market is unsustainable and that would render the new capital raise useless. Intu needs pure equity no more new loans / bonds as they would be expensive to service. This could be the final part of the Ponzi to extract more money from private investors. I would buy intu debt over its equity because the directors are Ponzi artists.

20p - 15p is the price range then allow for another 50% discount post issue. Wake up Umeed.........face the facts.