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As predicted
https://www.fool.co.uk/2022/01/20/warning-this-popular-uk-stock-may-be-about-to-crash/
Im another that doesn’t give much of a monkeys to Fool....
It’s like reading articles from the Sun and Mirror on the same site.
To say will they double this year...... well that’s totally subjective to what level of price one wants to work with. For me for example @56 I’m double bubble.... timed it well.... for others it quite possibly not even breaking even as yet.
After this most recent rally, motley are due another write up. Wonder if it’s a 5p or 0p prediction?
Or perhaps just “definitely stay away but buy this other stock”
@ Hussartbr it is just clickbait. Many don’t read too much into Motley Fool. They have a number of analysts and small time investors with differing opinion. It all boils down to risk appetite.
At this share price, with all the bad news factored and with encouraging box office performance and an appeal that will drag for years - look at Rockhopper, it has been engaged with the Republic of Italy concerning Ombrina Mare since 2017 / 5 years!
I see Rockhopper developing Sea Lion with Navitas but I won’t cross ramp.
I would say if you’re an investor you shouldn’t be concerned about small daily movements. Traders and shorters concern themselves with that. Think like an investor.
*saw many shift to IRFS16
RS - I respectfully disagree- this is more than lazy reporting but really appears to be more of an agenda.
It is just lazy reporting.
Pre-Covid, Cineworld reported March 2020 its net debt was $3.5bn
Post-Covid, Cineworld reported March 2021 its net debt was $4.5bn (Pre-IRFs 16)
You see, it’s all about the accounting standards which say may shift to IRFS-16 which factors FUTURE liabilities like operating rent to the debt burden.
The reality is considering the Covid backdrop, Cineworld did very well to reduce cash burn and yes the net debt increased to $1 billion but considering every industry was hit due to the pandemic it has done well to survive and pre-covid, its EBITDA ratio was 3.4x which was manageable and under 5 which was the covenant threshold.
Lenders and investors (institutional including) will be observing week on week box office performance and the declining covid cases in the UK which bodes well for the US which is about 2-3 weeks behind us - this suggests a recovery and instils confidence.
arent they owned / part owned / invested in by Citidel? (Sorry if I've spelt that wrong)
Yup, they are laser focussed on getting the world to sell cineworld. 2 -3 articles per month. They get enthusiastic about it after every rally.
https://www.fool.co.uk/2022/01/17/will-the-cineworld-share-price-double-in-2022/
They already sound less bearish. Can someone pls call those ******s and explain them cineworld’s debt pile isn’t $8bn… they always include leasing liabilities which is WRONG