Market Wrap - Stock Pick — Intu Properties
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Robert Cameron from Thebe Stockbroking chose Intu Properties PLC as his stock pick of the day.
"I'm going with Intu Properties, I should also caution again, it is for maybe they're more risk tolerance investor, this stock has come down 75% over the past year. Now, Intu Properties does own some of the better shopping centers in the UK and also in Spain, the reason why they've reported bad results of late was because of a move towards online shopping and as well as Brexit uncertainty. I want to highlight that there's been two takeover targets in 2018. The first one was by Hammerson for about three and a half billion pounds and at the moment it is trading at forty two pence and last weekend I saw a report that they are once again a takeover target. So, I think if you are going to believe in the story, it is still London, it's still gonna be London after Brexit and you know the place is not going to implode, so you can pick this stock up at 42 pence and if you take some risk maybe have a look at Intu properties
"I'm going with Intu Properties, I should also caution again, it is for maybe they're more risk tolerance investor, this stock has come down 75% over the past year. Now, Intu Properties does own some of the better shopping centers in the UK and also in Spain, the reason why they've reported bad results of late was because of a move towards online shopping and as well as Brexit uncertainty. I want to highlight that there's been two takeover targets in 2018. The first one was by Hammerson for about three and a half billion pounds and at the moment it is trading at forty two pence and last weekend I saw a report that they are once again a takeover target. So, I think if you are going to believe in the story, it is still London, it's still gonna be London after Brexit and you know the place is not going to implode, so you can pick this stock up at 42 pence and if you take some risk maybe have a look at Intu properties
