Visited Intu centre today. Primark queue large but resy shops fairly quiet and lot still closed. Queues to get into other shops, lots of one way systems, very odd atmosphere, not enjoyable or an experience! Made me wonder what the future of these shopping centres will look like. Has online shopping become even more the norm and killed physical shopping?
Now 0.00 - have they gone under?
That’s assuming trading won’t be suspended before then.
Read Hargreaves landsdown news article today. Admin is a 95% certain I think.
Looks like they have. Why? Who can remove them? Look HL news just issued today. It there in black and white - update from Intu.
The strong, thriving stores and centres will stay open. The other stores may also continue to trade if buyer is found. That’s business - if the stores are not economically viable they will go. Sad as it is
Parkez- hope it works out for you. I sold last week. Not much of a gambler!!!
And Sirius minerals. Shareholders completely shafted.
Seen this happen before. Shareholders hang on hoping government will step in and bail them out. However they won’t do it here as the centres will survive even if Intu ho into administration. It’s a gamble - you will either have something or nothing after today but be sure not to receive any government assistance on this one!
I hope the people who are holding get good news. Been lots buys so maybe someone somewhere knows something. Good luck everyone
Just sold mine! Not taking the risk!
John2015 - i’ll call them first thing Monday and insist its done that day. Is there any other info you can provide which I can run through with them on the phone so this is done? Got impression they don’t understand the electronic process themselves - so any guidance I can give them may be useful.
Ive just called First Direct and they told me that to take one share as a share certificate will take 2 - 6 weeks so I cant do this. Anyone been told the same? It told them other banks can pull a vote into a share certificate and register electronically the same day but they said this isn’t something they can do.
Can come one clarify :
1. To vote on the court meeting can I do this via proxy using First Direct?
2. To vote not he general meeting resolutions can I do do via proxy using First Direct?
3. At general meeting there needs to be 75% in value of the shares to vote yes for the deal to go through?
4. At the court meeting the Court must be satisfied that the vote is a fair representation of shareholder opinion. Upon what basis is fair determined?
There has been some very big share buys today - possibly by AAL? If private shareholders vote will this just allow the deal to go through as the more shareholders that vote the more likely ‘fair’ is demonstrated?
Apologies in advance for this request - its probably been covered before in previous threads.
I had contacted First Direct to find out how I vote on the AAL proposal. They have said I must give them 4 working days for them to register my vote. Can someone tell me the cut off day for voting and where to find the information about the vote and resolutions.
I have not decided how to vote yet, swaying towards no. First Direct did say they have been contacted by a lot of people asking how to vote so it appears private shareholders feel sufficiently about the issues to vote, whichever way that is.
Told by First direct yesterday that I could not vote as it was a scheme of arrangements but apparently that advice was wrong and shareholders can register their vote through them via a FD proxy.