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Love a bit of humour in dark times
Jtan, are you thick? Or are you stupid?
Or are you both?
I made 30 percent profit here a couple of days ago, And I’ve just bought back in today. Read my post history.
There are some proper tools on these boards, no wonder so many new investors loose so much money, if they are listening to them.
I don’t really have time for muppets like you, so consider this my last post to you.
sorry for the holders with large losses of 90% etc.
Cine will still exist after a restructuring but shareholders will be wiped out.
Anyone investing in these "cheap" shares can still lose 100%.
Avoid
No but my gran just got off the phone with Mooky and according to her he knew nothing about all this but said not to worry as he’s got everything under control.
Spare a thought for the thousands of Cine staff most of whom are young and on minimum wage some will probably of been in a company share save scheme that they hoped would reward them well in a number of years, if Cine does go into administration Mooky and Co will no doubt have sufficient funds to live on, the loyal employee's probably not.
“lots of bored kids with nothing to do” isn’t exactly a ringing endorsement for procreation.
The chances of cine going bankrupt are very small, their sites are very strategically located, other businesses get a load of business of them, ie. restaurants and bars located next to them. They bring a lot of footfall, to these retail parks.
Today, in my opinion, was a real example of shares being stolen of small investors. Moment this dropped, I went in heavy, it was really impossible to buy under 2.50p, most I got were around 3p.
Yes, I might stand to lose a lot of money, however, if I’m right, I stand to make a lot lot more money. Let’s see what next week begins.
Imho DYOR GLA
there is a future for cinema ...it is all about who has control of them and who gets the terms of benefit from them ..
Netflix spent supposedly $200m on The Gray Man which should ideally have been seen in cinemas to get the best user experience from it ...I watched it on TV and the experience was no where near what it should have been...it is always because Netflix etc want far better terms from cinemas than the cinemas want to allow them
Tom Cruise refused to allow Top Gun : Maverick to show on streaming and look at what money it brought in....
The streaming giants are killing cinema to get it into their own hands ....under their own terms
What difference does it make, cine is incapable of making money, how they even became 2nd largest cinema chain is beyond me. While they keep on opening more sites ridiculous
@Toddjustin
I wish posts like yours could be 'Unrecommended' as it'd save us a whole load of reading time knowing that you're utterly clueless. Go look at the attendance figures for the blockbusters that have come out post pandemic, they more than prove your post to be sheer nonsense. When high quality films worth watching on the big screen are released people flock to the cinemas. Blame the studios for lack of content if you're looking to lay blame at anyone.
Was just looking over on the reddit site came across this
mohwhip
4h
Yoo all I called to the cineworld share holder line ‘+44 371 664 0300’ the don’t know anything about a bankruptcy fill… I’m not even kidding was in a bit panic ??
Not sure if it's TRUE or not but anyone on here contact them
So many wise men showing up today
BO Mojo has it at 280m for US August month to date. Expecting a 450M month no different from all the slow months in the last year.
"It is mid August and the school summer holidays.... probably not unusual.. they dont tend to release the big money earners then"
Not sure about that one. Bit of a captive audience lots of bored kids with nothing to do and Mums wanting something cheap to keep them happy. Though ticket prices have grown so high its not longer the case. I honestly think they priced themselves out of the market.
"Not a single film is showing I would want to see."
It is mid August and the school summer holidays.... probably not unusual ....they dont tend to release the big money earners then......look at the rubbish Netflix is throwing out before the key "bums on seats" season arrives in the autumn
Is it a case of the creditors putting the squeeze on cineworld or vice a versa for better terms.
Thought they said in the rns they were paying obligations.
And footfall maybe below expectations but should be up from last yr going by there own reports and box office stats
I thought to myself I should probably go to the cinema before they all are as dead as blockbuster. Not a single film is showing I would want to see. Prey is the best film I have seen lately, and Disney sent that straight to Disney Plus.
" So you still think it’s possible for CINE to reject the rumours of bankruptcy on Monday?2
mountainous
the possibility of failing to "restructure the balance sheet through a comprehensive deleveraging transaction" are there under these circumstances, whether it is with Cine or anyone else......negotiations can succeed or they can fail.
They appear to be working on a debt for equity deal which would inevitably result in a large dilution situation for current holders...but at 3-4p shareholders can see the effects of that already , in extreme terms
the share price has priced in the risk of negotiations failing , but you have to ask yourself.... who will be the winners if that happens .... who really benefits if all sides fail to agree the negotiation terms ? ...few winners in all fairness
the debtors clearly want the best deal they can get and they may well think if they don't get it they will through a bankruptcy court procedure ( at an expensive cost in time and money terms to all)....so ... current shareholders and all stakeholders are battling in the background to hammer out what all can agree on....or not
preparing for a bankruptcy is normal procedure, even if you end up not needing it....so they would find it hard to dispel rumours that they are preparing what they are probably required to do, in advance of a situation of having to need it
Strange haven’t yet seen a response from the Company to refute the WSJ comments. That said most Shareholders should hopefully have escaped already given the inevitable restructuring & dilution thats needed to survive under their mountain of debt and Lease obligations. Not looking good.
Don't worry about it. I lost on Carrilion, Thomas cook and now maybe this. If you dance with the devil...
I thought I would not look at my shares until Oct to see where we would be. My work friend contacted me today to see if I had heard about Cine. This is unexpected and sad. Luck has it that I can afford to lose my stake so will be just staying put not that I have a choice now. To the peeps who have invested savings I'm very sorry. But health is more important than wealth. I find it all very strange as I didn't think we were doing too badly so something I feel is afoot.
Exactly GLA :)
As Boris said 'once the herd moves, there's no stopping it'.
Fingers crossed AJones
Thank you @AJones, let’s see what happens here.