Analysts urge intu to take ‘drastic’ action

Merry Hill shopping centre, Dudley, West Midlands

Retail REIT may be forced to sell properties following collapse of takeover talks.

Intu’s share price has plunged over 40% to 111p in the past week and it is now trading at a discount to the group’s 344p NAV of 68%.

The retail property group slashed its dividend after the consortium walked away but analysts warned that the company’s high loan-to-value ratio of more than 50% meant it needed to take more radical action.

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