INTU Properties
Does this present a Takeover opportunity for you?
Will this deal go wrong, or will INTU Properties shares rise even further?
- Brookfield Consortium (Brookfield, Peel, Olayan) mulling cash offer for Intu Properties.
- No price mentioned but the shares jumped 37% this morning to trade their highest since June
- The chart shows the INTU Properties share price movements since the turn of the year
- Shares now 189p (at time of writing)
- Will the deal be abandoned, will the deal fall through or will another even higher offer emerge to acquire the company?
- 5 Oct: Shore Capital says share price declines have left the company vulnerable to a takeover.
Trading INTU Properties – An Example
Let’s say you think that INTU Properties is likely to rise further as a result of a takeover offer, towards the 250p highs around the turn of the year. You decide to buy exposure to £10,000 worth of INTU Properties using a CFD, at the current price of 189p. To do this, you need £2,000.
For the purpose of this example, let’s assume the INTU Properties share price rises by 10%. Your profit would be £1000, from your initial investment of £2,000.
Conversely, let’s assume you open the above position, and place a stop-loss at 5% from the current price. Sentiment towards the deal sours and INTU Properties shares fall 5% and hit your stop-loss. Your loss would be £500.
This is provided for information purposes only. It should not be taken as a recommendation.