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Intu Properties (INTU)     

skinny - 28 Jan 2014 15:04 - 2 of 38

Goldman Sachs Neutral 317.85 - 323.00 Upgrades

skinny - 29 Jan 2014 08:21 - 3 of 38

A strong start!

Deutsche Bank Hold 0.00 320.40 290.00 - Reiterates

Liberum Capital Hold 0.00 320.40 313.00 313.00 Reiterates

skinny - 30 Jan 2014 15:49 - 4 of 38


Intu Properties plc announces that it intends to release its Annual Results for
the year ended 31 December 2013 on Friday 28 February 2014.

For information, the provisional dates for release of the Intu Properties plc
half year results and interim management statements for 2014 are posted on the
Company's website

skinny - 25 Feb 2014 09:08 - 5 of 38

Ticking up towards results.

skinny - 28 Feb 2014 07:03 - 6 of 38

Final Results


David Fischel, Chief Executive of Intu Properties plc, commented

"Intu advanced significantly in 2013 with a rebranding, strategic acquisitions, debt refinancing, equity issuance and key planning consents for our £1.2 billion development programme.

The benefits to customers, retailers and staff from our rebranding as intu have surpassed our expectations. Successful multi-channel retailers continue to regard flagship stores in the larger super-regional and major city centres as core to their overall business.

With the economy appearing to improve and total profit for the year including revaluations increased from £159 million to £364 million, we are prepared to withstand some minor reduction in like-for-like net rental income in the short term as we continue to invest in our centres to drive their total returns through our robust asset management approach, tenant mix repositioning and development projects."

skinny - 28 Apr 2014 16:10 - 7 of 38


Intu Properties plc announces that it intends to release its interim management
statement for the period from 1 January 2014 to 8 May 2014 on Thursday 8 May

skinny - 01 May 2014 15:05 - 8 of 38


1 May 2014

Following the successful closing of the Rights Issue announced on 22 April
2014, Intu is pleased to announce that it has today completed the acquisition
of a 50 per cent. interest in the Westfield Merry Hill shopping centre, a 100
per cent. interest in the Westfield Derby shopping centre and a 100 per cent.
interest in the Sprucefield retail park.

Intu will release its Interim Management Statement for the period from 1
January 2014 to 8 May 2014 on Thursday 8 May 2014.

skinny - 08 May 2014 07:06 - 9 of 38

Interim Management Statement


Highlights of the period:

* Acquired 2 more top 25 UK shopping centres in £868 million transaction,
funded by £500 million rights issue and asset-specific debt facilities

* Occupancy remains high at 95 per cent

* Footfall year to date 1 per cent higher than same period of 2013

* 50 new long term leases agreed for £8 million new annual rent, 5 per cent
above previous passing rent and in line with valuation assumptions

* Projects underway at intu Lakeside (foodcourt), intu Potteries (cinema and
restaurants), intu Eldon Square (mall upgrade), intu Victoria Centre
(restaurants and reconfigurations), progress with intu Watford Charter
Place extension

skinny - 06 Jun 2014 13:25 - 10 of 38

Formation of Joint Venture with KWAP at Intu Uxbridge

A decent run up of late.

skinny - 31 Jul 2014 07:10 - 11 of 38

Interim Results

"Intu has recorded a strong first half performance with a 7.6 per cent like-for-like valuation uplift, increasing net asset value per share to 372p and taking the overall market value of our prime UK shopping centres to £8.8 billion. The initial indications from the major centres we acquired in the period, now rebranded as intu Merry Hill and intu Derby, are very positive. The letting market is showing encouraging signs of improvement and we are gaining further momentum with our £1.2 billion active management and development pipeline."

skinny - 31 Jul 2014 12:07 - 12 of 38

Another attempt @330p.

skinny - 04 Sep 2014 11:07 - 13 of 38

Looking for a break of 350p.


skinny - 19 Sep 2014 11:38 - 14 of 38

Double top.

skinny - 03 Nov 2014 08:47 - 16 of 38

Interim Management Statement

Highlights of the period:

· Continued improvement in retailer demand with 71 new long term leases agreed for £13 million new annual rent, five per cent above previous passing rent and in line with valuation assumptions

· Key operating metrics are stable, with year to date footfall up one per cent and occupancy marginally reduced since 30 June 2014 at 95 per cent

· Initiated asset management plans at the recently acquired intu Derby and intu Merry Hill with new lettings exceeding expectations

· Successfully refinanced £453 million of existing bank facilities with £763 million of new facilities; also announced today a proposed further £350 million bond issue. Increased overall headroom in terms of cash and committed facilities to over £750 million

· £1.2 billion development pipeline on track. Active management projects completed at intu Lakeside (food court) and intu Eldon Square (mall upgrade), on site at intu Potteries (cinema and restaurants) and intu Victoria Centre (restaurants and reconfigurations)

· Further customer service and digital initiatives including the launch of upgraded and fully mobile enabled website

· Recognised for a 30 per cent like for like reduction in carbon emissions since 2011 winning the 'Best in continuing carbon reduction' category in the Carbon Trust Standard Bearers Awards

skinny - 03 Nov 2014 08:49 - 17 of 38

Intu Announces Proposed Bond Transaction

skinny - 24 Dec 2014 07:10 - 18 of 38

Acquisition of Puerto Venecia Shopping Centre

skinny - 06 May 2015 07:11 - 19 of 38

AGM Trading Update


Highlights of the period:

· Continued improvement in retailer demand with 44 new long term leases agreed for £7 million new annual rent, 10 per cent above previous passing rent and in line with valuation assumptions

· Key operating metrics are stable, with year-on-year footfall to date unchanged and occupancy marginally reduced since 31 December 2014 from 95 per cent to 94 per cent reflecting seasonal fluctuations since Christmas

· UK development pipeline on track with restaurant projects at intu Metrocentre and intu Bromley started in the period

· Strong footfall growth in Spain at both Puerto Venecia and Parque Principado along with encouraging increases in retailer sales

· Shareholders approved exercise of the option to acquire site in Malaga for a major shopping resort development. Detailed discussions with key retailers and leisure operators are underway for a 2016 start

· Over 40 per cent growth in year-on-year website traffic at following the introduction in 2014 of a fully mobile responsive site and an increase in the number of participating retailers

· Cash and available facilities of over £500 million at 31 March 2015 providing headroom for our present development activities

skinny - 30 Jul 2015 11:56 - 20 of 38

Take your pick :

Panmure Gordon Sell 330.15 288.00 288.00 Retains

Numis Hold 330.15 - 357.00 Reiterates

Investec Hold 330.15 361.00 361.00 Reiterates

skinny - 26 Feb 2016 07:21 - 21 of 38

Final Results

David Fischel, Chief Executive of intu properties plc, commented:

"We are pleased to report a strong set of results for 2015 with a 7 per cent increase in underlying earnings per share and a 4 per cent revaluation surplus taking investment properties to £9.6 billion. Particularly encouraging was the return to like-for-like growth in net rental income, the result of quality lettings in aggregate 10 per cent ahead of previous passing rent, improved occupancy at 96 per cent and benefits from our investment programme with projects successfully concluded in 2015 in Nottingham, Newcastle and Stoke-on-Trent.

As economic recovery spreads out from London and the south east to the regions, consumer confidence is positive, driving improved retailer demand for space in our centres at a time when new supply of quality retail space is very limited. Investor interest for prime regional shopping centres remains keen.

These factors provide a favourable background for our development programme as we look to introduce the next level of leisure concepts. We expect to undertake around £600 million of mixed retail and leisure projects in the next three years in the UK, in particular the intu Watford extension, and commence our major Spanish shopping resort development, intu Costa del Sol.

Our top shopping destinations help deliver high footfall and long dwell times for our retailers and restaurateurs. We attract some 400 million shopper visits a year and focus on delivering a great customer experience. We are continuing to make the intu brand really count through digital initiatives, including our transactional website, and multichannel promotional events, reflected in very positive customer feedback via our Tell intu programme.

While financial markets are volatile, the improved economic environment and tenant demand, together with the returns we are achieving from our investment in development, active management, technology and branding mean we are well positioned to achieve further organic growth in 2016".

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