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Very little stopping this now.
large wall at 40p finally smashed.
sizable wall at 42p gone
Sizalble 44p wall getting smashed. nothing left, shorters will have to buy back their shares soon.
everyone hopeful about Convid now.
Small rest at 47p and another rest at 53p IMO.
Not sure when but that is the positions it was help when go down, usually it does mirror.
42 lol
44 p broken through.. next run up to???
@Bigtrader_CD2021
I think our friend owes more to Dunning-Kruger than Modigliani-Miller.
Yeah wellington you big shorter! No one is going to take you seriously if you don’t use appropriate terminology. Slugs have nothing to do with Cineworld or investing.
Listen to Chilston. I for one didn’t realise that debt is a debt on the balance sheet. Nor that there is a revenue column on the balance sheet. There was me thinking there’s a separate table for revenue and expenses! And he’s seen loads of court cases.
Glad that it has been clarified the debt was used to acquire business and not used on funding lavish parties. All the evidence was there.
If that court case gets settled as is, then future acquisitions in other sectors between other companies will suffer. As it basically will be the first of its kind.
It won't happen. Judge will be let off with a slap on the wrist.
@wellington
'Wipe out the current component of equity'. A 'slug' carrying the most risk? Turning into debt for equity?
Oh sorry... thats why cine should be valued at 0p then! Bloody hell?! Im so stupid! They went to buy a company pulled out. And not only have they lost that deal, they are going to go bust unless they raise money on psying for something they didn't buy!
Ive seen so many court cases that wom stuff like this before. There was... ummmm? Oh and.... ummmm... oh and....
I like your logic. Shows me what your only bargaining chip is.
This is why its good to embrace shorters. They are not enemies.
@chilston
Thanks for introducing us all to the concept behind the Modigliani-Miller Theorem.
We fools would never have been able to comprehend that an organisation's Enterprise Value can be split between different sources of capital, such as various grades of debt and equity.
The thing is, different sources of capital get different returns, based on a risk and reward trade off.
The reason why the court case is so important is because unless the award can be abated, removed or delayed, it would likely wipe out the current component of equity, which is the slug that takes the most risk, and would have to be replaced by new equity, usually via a Rights Issue or a Debt for Equity swap.
My prediction yesterday was a bkue day, a materialised briefly however clearly the markets had a red day, yet for a contentious stock, cine is holding its own.
It demonstrates momentum in a bad day. And when bad days come, stocks take a big dip. Boo as an example. Which is clearly out of favout, yet with all the negativity surrounding cine, its holding, therefore one should expect a good consistent rise when markets are blue.
Im still sticking with 46p this week.
On a side note, ive clearly not distracted you away from the bloody court case. Which i think youve produced more material than the fu$$ing lawyers have.
The debt: you bought a competitor. On a balance sheet its a debt. On the other column there's revenue. You just cant see it yet.
Its not debt because mooky had an expensive party one night.
Debt is so simple to see on a balance sheet.