Member Info for Nebnalon

You've got to know when to hold 'em
Know when to fold 'em
Know when to walk away
And know when to run
You never count your money
When you're sittin' at the table
There'll be time enough for countin'
When the dealin's done

As reported on HL Today
Sharecast News) - Shopping centre owner Intu Properties said on Friday that it is likely to call in administrators after failing to reach a standstill agreement with its lenders.
The owner of Lakeside and the Trafford Centre said that since its update earlier in the week, discussions with creditors have continued over the terms of standstill-based agreements. However, "insufficient alignment and agreement has been achieved on such terms".

With the company's revolving credit facility covenant waiver due to expire on Friday evening, Intu said it is considering its position "with a view to protecting the interests of its stakeholders" and that this is likely to involve the appointment of administrators.

"A further announcement will be made as soon as possible," it added.

Intu had already warned on Tuesday that it could go into administration and said it had appointed KPMG to "contingency plan" for that eventuality.

At 0955 BST, the shares were down 56.3% at 1.71p.

Colm Lauder, real estate analyst at Goodbody, said: "Intu had clearly been in distress due to the rapidly deteriorating retail market conditions especially under Covid-19, however, this outcome will still make some retail landlords and investors pause. Many would have thought that Intu could have avoided administration since investment markets remain effectively closed, with landlords unable to sell assets - particularly shopping centres.

"Administrators will face considerable challenges given the significant asset management requirements to stabilise these shopping centres. The threat of a fire sale looms large and would cause a negative ripple across the sector."

The Shopping centres may close for a short time, probably not.. Administrators will run the centres until a new buyer is lined up - shopping centres will continue as usual but under a new owner / landlord. Nothing changes to the public other than new branding of these centres. Its a split of assets that is all, some great bargains for some to buy some decent centres dirt cheap! Always winners where there are losers!

Buying now and selling quick may make a few quid, might be worth a day trade.. but this stock has no legs, no money and is sadly on the way out of business!

Even all the Gamblers that have bought in the last week or 2 at sub 5p... do you really think you will even get close to money back on good news? expecting a 100 - 200% rise this afternoon? That is not gonna happen and that is to break even.
Talk in the week off seeing this go to 20p by COP Friday... so people are gambling on a 1200% plus return from a company moments from Administration and only buttons in the bank?

Must be so many millionaires on here today, all those "multi baggers", "going to go 10 fold"etc.. those that never listened to the facts and only acted like little children when the facts were placed in front of them!
For all those that bashed Sain for spelling it out to you...

Anyway as many are still saying, it's not over yet, you've got another 15 hours!

BUY BUY BUY it's cheap as chips , Def a multi baggers to be had here... it's going to go 20p. Maybe even a pound...

This time next year Rodney.......

Indeed there is plenty of good news on this stock, just need this to start to creep up each day, bit by bit!

The weirdos on here that want to lie about news for whatever reason is just weird! Do they think we'll all get excited and go out and do a dance? When the SP moves up and I can see the gains in my account then and only then do I get excited. Reality really! Many detached from reality here though.

So the other day we've someone going into a shopping centre to ask for a refund on his stock loss. Today someone walking around bare naked!
https://www.google.com/amp/s/www.derbytelegraph.co.uk/news/derby-news/naked-man-walking-around-intu-4264498.amp

INTU attract some punters!!

Eldon Square is financially viable and is a going concern and there has been sufficient rent paid in the in the last quarter to ensure that there is absolutely no reason why Eldon Square should shut for any period of time even if Intu were to go into administration.

https://www.chroniclelive.co.uk/news/north-east-news/eldon-square-close-intu-council-18489536.amp

This BB does cheer me up... Some of the Nonsense on here.

Medmal is talking ****e.. they didn't announce the value of the Deal.. For those of you that bellieve that you are crazy!
Also note there was no 500% Rise in share value at the end of the day.. If Medmal was on the call, you dont think Big MM were as well?

Prob not as that would then make the MKT Cap in excess of £100M and they are fundamentally Skint! So it would be very short term if that was the case.

Absolutely correct Sain. I fear many dont see it that way anymore. It's a great way to pass the time and see others views and opinions, but all has to be taken with a pinch of salt. DYOR and never invest cash based on a strangers chit chat!
Although I commend you on your knowledge and for sharing it to us all. I bought in on INTU a while ago as a Punt, pure short term gain. I was up 130% got greedy and tried to ride it, it kept dropping as deadline day got closer without positive news. I cashed out last Thursday @ 6.16 - A healthy 25% profit.
I dont begrudge anyone from making some profit, just all the childish comments blaming others for the share price going down!! :)

There does seem to be many on here though that understand this is a pure Punt and for those I also respect and commend, they know the risk and understand it could go either way. Yet for INTU to survive long-term needs a miracle for sure..

Yup, based on this week's Highs and Lows.. I agreed with you. Just feeling a little more hopeful today!

For the RNS or the Rise in SP?

But to be fair.. there is no such thing as "Ramp / De Ramp" anything anyone says on here will make very little difference to the share price. A few may sell or buy based on a thread, but is todays 33,768,337 Vol really generated from a post on a 2 bit BB?

Well said - Agreed.

To give the results of the AGM which starts in 10 Minutes.
I suspect the news will be positive, how can it now with being Debt free and two orders in the last month or two.
I guess its down to the MM and how they decide to take it, especially with the stock heavily discounted yesterday, it may ensure a spike in Buying. Fingers Crossed.

Well said.

Must depend upon the Agreement. the Fact is clear, INTU are in a lot of debt, tenants not paying them and overheads are high.
If standstill reached, the still owe the debt, they still need to get the tenants to pay owed rent and they still need to make this a profitable business and pay off the debt with interest.

Guys, we all wanna make cash on our investments, but the amount of twats bashing posters like Sain for clearly pointing out the facts is just laughable! If someone is giving you info from a neutral perspective, say thank you and make your own decision, with your own money. But dont knock it and accuse a single poster on a bloody BB of trying to de-ramp the stock, it is so unfathomable.. if that was even possibly I would Ramp every stock i could and become a Millionaire overnight! I do wonder if many on here are actually old enough to Trade, or are literally wanting a 50% rise to make £20! Talk off this going up 200% overnight is just BS! You still need to work figures based on the MKT CAP. and the figures dont add up for the short term.

RIP INTU - 2020! (Watch the share drop 10% now as I get accused of De-Ramping) :)

Agreed - 3 hours until AGM starts. Let's hope for some really good news to push this back up!