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The Non-exec bought £24,999.60 - this could simply be remuneration which goes off the record and trying to show some confidence. At best it's just remuneration and worst just a petty trick by the board to get some confidence.
Testing at mass will be well before mid 2021.
Just read the results and out look.
Then the 60k director buy at .43 .
Something don't add up here .
I am not sure if this holds true laidback
"Forever,
Good post."
BollyBolox - how about at least a rec?
Forever,
Good post.
We are missing the points that will drive the sentiment:
More debt or refinancing required
Further shares likely to be issued which will dilute current investors
Losses and debt worse than Analyst prediction, implies new target prices will be issued (drives price down)
Net debt at $8.2BN
70% drop in admissions
It may breach covenants in December and next year
Any delays - defaults - lockdowns - restrictions - increased virulence of covid-19 - delays in vaccine, medication, tests
It's not going to be easy and it requires continuous monitoring.
Just strange how basically the BOD says if cine a is completely closed and lockdowns happen all over the world we might have a cash call.. but everyone is an expert sayings it’s coming it’s coming...
They did not say it’s coming, and the works will never locked down again, if that happens kiss good buy to probably all our jobs!
It’s continuing like this... slow and steady now it starts to grow
@GUITARMAN001
Just my suggestion, but tomorrow maybe have another read of the report in bite size chunks all the way through. Consider the whole company being on lock down for most of the period.
It was a quick heavy blow to the company and they are very busy reducing costs, renegotiating rents, opening cinemas, looking at extending credit amongst various other factors.
What were you expecting? Consider the report goes to June and that since this time cinemas have opened and subscriptions have started and popcorn eaten. That was going to be the worst report of all and should all being well get back on track over the next few years.
Mooky is there for a reason and he will make damn sure his cinema chain survives and grows.
@guitarman001
Go take a breather, @ go & play some scales, pentatonic minor in E
@ laidback
'Any delays in cinema releases is no problem'
Where are you reading this? It's quite the opposite to how I read the report:
Any further delays to opening up US cinemas or further shut downs to cinemas = shorters win
Any delays to movie release dates = shorters win
Non approval to extension to conveants = shorters win
If any of the above happens and they cannot extend credit elsewhere they need to get additional liquidity. Most likely high interest loan with unfavourable terms. If that doesnt happen then its dilution = shorters win
I'm still long and will remain long. They had to spell out worst case scenario which many companies are having to do for accounts purposes due to covid.
This has then been interpreted by many thats it's actually going to happen. Cinema as Mooky stated is here to stay for a long time yet and will continue to generate cash. I topped up today. I read the report several times.
Take care all
Guitar,
Got to say you have been so pro for Cine, & now you are all out,
you seem to be coming across as a bit of a knob on your posts, sort of
like slating everyone for still being in.
Your choice.
FOMO?
Any delays in cinema releases is no problem.... Cineworld has plenty of liquidity rill September 2021
The key thing is the blockbusters are not going to PVOD first
So the business of cinema is sound
Just need patience
2021 is shaping to be a fantastic year !
GL DYOR