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Chin up Blue.
Yes unfortunately it's a lot Mountainous which is something I deeply regret now as Cine is roughly 95% of my portfolio :-(
I hope you now get change now to lower your average if you decide to buy more, I have nothing left to play with though :-(
I was shorting this a while back was completely honest about it as well with you all.
I do feel for holders probably like the cinema themselves but the business is straddled with unmanageable debt and the younger generation are all playing video games and esports etc...
Cine is going bust, please think about capitol preservation now and no I am not short anymore just giving honest appraisal how I see things. Wish I was of course.
Sorry guys
Going going soon to be gone I said yesterday.
High debt, can pay creditors.
WHY WOULD YOU
Just gets lower and lower unfortunately.
Sad, as cinemas are superior to the rest.
*unmanageable.
Did you not read the RNS?
Tegop. Who’s licking his wounds today. What did I tell you yesterday. The debt is in manageable and Cine cannot sustain this much longer. Big placing incoming imo
Wow @BlueBuxton, that is quite a lot.
Current sp is really low, but I have been resisting the urge to buy. CINE is about 35% of my portfolio right now and it was much higher before, I’m trying to get it down to a reasonable level because right now it feels like my portfolio is mostly dependent on what CINE does.
@Mountainous perhaps we should all have the same loonies in our filter settings and get the same number of green boxes, you will have had to endure 3 more posts of garbage than me lol
If Nisan is on top of Big Ben declaring he found $10bn in a printer tray they can fill the board with green boxes for all I care - I'll be too busy partying :-)
I agree as long as Mooky is holding I feel safe.
Whatever you do don't sell as you would be worrying every day afterwards about such as RNS!
I'm down 70.19% so even worse than you with an average SP of 69.841 so I won't be selling either, especially as I have more than Nissan now (assuming he hasn't bought anymore since the Directors holdings were posted here last!)
It’s just the fact that Mooky is holding that still gives at least a degree of reassurance. Even more so the institutional investors, not a single share sold from them.
My fear is also selling and then the next day an RNS emerges saying an out of court settlement has been reached or something equivalent. I’m down over 60%, so at this point it is just better to wait and see, all or nothing really, this sp has been so degraded that it is actually encouraging people to stay rather than leave.
@AimingHigh2021 - with all
Due respect to him he has posted only 10’postsbin Cine and his post on 16th July 2022 is about “How much to get into to CINE” when the share price was 17:55 pence . Doesn’t seem to e a LYH lol. Having said that , wishing his a good luck wherever he decide to Venture in future . I am at a neck deep paper loss with CINE as an investment, though I am frustrated to the core especially w r to comms with PI, I am staying in ! Not selling my shares for Shorters / Derampers to benefit with. Hoping for some kind of a Miracle though, atleast that’s how I feel.
All studios are carrying more debt than Cineworld. Even AMC has more debt than Cineworld. Only difference is more hedge funds and investment firms are betting against Cineworld. So need the price to drop and also people to sell them their shares so they can close their positions, when someone makes a move to takeover Cineworld from Mooky.
@BlueBuxton, certainly is haha, compared to me anyways.
They will always find something to twist. Nisan could go on top of Big Ben tomorrow and announce CINE has just found $10bn in a printer tray and we would still see green boxes here :)
I've got 8 green boxes in a row Mountainous is that a record ? lol
Same here mountainous, loads of coffins but I'll also add that I'm not selling either,
not until The Price Is Right.
Just someone bitter who can't let go of taking losses. He probably kept taking losses on his other picks so he comes here to lick his wounds.
Well, most people anyway.
Lol there are about 5 green boxes on this thread alone.
Here comes the talk about high debt again. This has been spoken about and settled long ago. When assets are taken into account, CINE is actually leveraged slightly less than average compared to other cinema companies.
I will continue to hold my investment. Volume is extremely low so everyone is holding and not letting up.
Hahaha obviously a bitter LTH. Shouldn’t listen to the fools on here lmao.
I think you missed the joke. But you clearly miss a lot of posts here.
Carry on towards the BB you are invested in please. There is nothing to see here.
Also calm down a bit. If you're losing your shirt so easily you may need to reconsider your risk appetite.
Won’t be buying these back. Going going soon to be gone imo.
Clearly states in one of the posts 8.9 BILLION IN DEBT.
Why would you lol
Did you open your short?
Also you still haven't mentioned cine's debt.
Cineworld has warned that it would not have enough liquidity to pay the C$1.23 billion ($971 million) sought by Cineplex as damages if its court appeal is unsuccessful.
Its net debt stood at $8.9 billion at end-December, up some $600 million from 2020. Refinitiv data showed its credit score had sunk to 1, the lowest on a scale of up to 100, meaning it was highly likely to default in the next year.
-2021 pretax loss of $708.3 mln vs $3.01 bln in 2020
-Net debt rise to $8.9 billion
-Assessing options for additional sources of liquidity
-Warns of 'material uncertainty' over ability to repay debt in June