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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Intu Properties plc    INTU   GB0006834344

INTU PROPERTIES PLC

(INTU)
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Intu Properties : Disposal of Sprucefield Retail Park

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11/25/2019 | 03:23am EST

intu properties plc ('intu') has exchanged contracts for the sale of Sprucefield Retail Park to NewRiver REIT Plc for £40 million, in line with the June 2019 valuation.

Sprucefield Retail Park is located in Lisburn, Northern Ireland and comprises of 231,000 sq ft of retail space in five units, anchored by Sainsburys and B&Q.

Matthew Roberts, chief executive of intu, commented:

'We announced our new strategy at the interim results in July. A key element of this is fixing the balance sheet which includes creating liquidity through disposals. We are pleased to conclude this transaction, which along with the part-disposal of intu Derby and other sundry asset sales in 2019 brings the year to date disposals total to £268 million.'

Disclaimer

Intu Properties plc published this content on 25 November 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 November 2019 08:22:03 UTC

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Financials (GBP)
Sales 2019 505 M
EBIT 2019 359 M
Net income 2019 -1 537 M
Debt 2019 4 549 M
Yield 2019 -
P/E ratio 2019 -0,19x
P/E ratio 2020 -0,55x
EV / Sales2019 9,61x
EV / Sales2020 9,41x
Capitalization 307 M
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Technical analysis trends INTU PROPERTIES PLC
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Mean consensus SELL
Number of Analysts 16
Average target price 29,83  GBp
Last Close Price 22,86  GBp
Spread / Highest target 132%
Spread / Average Target 30,5%
Spread / Lowest Target -51,0%
EPS Revisions
Managers
NameTitle
Edward Matthew Giles Roberts Chief Executive Officer & Director
John Strachan Chairman
Gordon James McKinnon Operations Director
Robert Lee Allen Chief Financial Officer & Director
Gian Fulgoni Chief Information Systems Officer
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