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@poorinvester, clearly I trod on a nerve!
It doesn’t surprise me - your English is abysmal so your maths is likely to be the same. I am under the firm impression from reading your comments that there’s very little OR in your DYOR, and that explains your personal insults - it’s a common reaction when someone treads on the truth.
The extent of your OR seems to be “It’s gone down AND this happened before AND it recovered”. That’s it! That’s your apparent research!
As I said, it’s your money, do what you like with it - but people are allowed to point out flaws in what you and others say. Hence why it’s called a discussion board and not a pulpit. There’s nothing I’d like more than for the SP to recover for the sake of retail investors.
That reminds me - “investors”. You’re the first person I’ve met who can’t even spell his own name. Wow!
Cloudy mountain, you are not the sharpest tool in the box. What an analogy, comparing a business, with a terminally I’ll relative. I better your real popular with the ladies, comparing a lovely dinner date, with a meeting in the office lol.
“suspended”, not “suspected”.
@Poorinvester. You said:
Wed 24/8/22 12:29
“Jtan, AimMaster stop’s with the suspension narrative and you start back on it.
When exactly do you think this will get suspended?
Today? Tomorrow? Next week? Next month?”
I’ve seen this comment many times so I’ll respond:
Your question is a red herring. What’s naming the exact date when it’ll be suspected got to do with it? The shares are likely to be suspended - on which day is irrelevant. Of course no one can predict accurately when that is likely to be.
It’s like asking a doctor on which day a terminally ill relative will die, and when that day passes, saying: “You were wrong! And that’s evidence that he’s going to recover!”
@poorinvester: “... but (Cineworld) sure has a monopoly over the cinema business, with no small players allowed to compete...”
It doesn’t have a monopoly! You think you’re investing in a monopoly when you’re not!
“...Profit and loss accounts were worse 2 years ago, cine was shut for 6 months”.
This is worrying as you keep on making this same point, over and over again in various comments - in effect “it was worse 2 years ago and it recovered so it will recover now“. That assumes everything else is the same now as it was then. It isn’t.
Here’s you saying the same thing again:
“...well it was worse two years ago, but they didn’t fold. Do your financial analysis was proven wrong two years ago, what makes you think it will be proven right now?” (sic).
There doesn’t seem to be much “OR” in “DYOR”.
It’s your money - do as you wish. But I feel I should point out the flaws in your arguments for the sake of anyone else reading them, tempted to buy in.
According to Bloomberg they had $354m of cash as of 32/12/2021 - H1 2022 they should be negative $100m maximum H2 2022 will be better but let’s say negative $100m. They still have $150m for 2023 with a good slate of movies
Cruis , I'm all out of opinions now .
Obviously we're in a horrid position , but there's a space between horrid and bankrupt .
Lots were wanting more volume , more RNS,s and more shorts to close - well, we got all three .
Lots were wanting more communication from the BoD , well maybe, just maybe they have been working 16 hours a day , every day to somehow get out of this hole .
Alternatively, they have sold us down the river, " get rid of pi,s altogether " and collect all the shares ( bargain basement prices)
I'm not buying the " let us get out before bankruptcy " card .
Most important thing I'm guessing is the cineplex hearing , if that results in a huge discount from initial amount, that's a big winner .
Film slate, well that's available for all to see , and looking at what's available from Nov through 2023, I see revenue getting back to precovid .
Still scratching my head why all the prats , pricks and tw.ats are relentlessly on this bb 24 hours a day posting repetitive posts how cine is doomed, bankrupt in week blah blah blah..
If that's the case , why post , why waste time on here ..
The mind boggles
Cruis, I’m 99 percent certain that this won’t go bankrupt, not 100 percent. I’m certain shareholders will be diluted, but not at this level, the sp is too low for any dilution, what are they going to raise from a 38 million mktcap company.
Wait for the next rns, things might start becoming clearer.
Imho DYOR
Poorinvester you keep saying it won’t go bankrupt, maybe it won’t, but it’s more or less guaranteed shareholders will be diluted, i can’t see any other alternative ?
Wolf, No jokes buddy, straight up. This is a real complicated scenario, vue was really simple. You think this is going bankrupt, there are loads on here, who also think the same. I will be flabbergasted if this goes bankrupt, I will be that shocked, that I might stop investing.
No standard procedures are going to be done here, they haven’t so far, so why now. This should of been bankrupt 2 years ago.
"Wolf, there isn’t much investment knowledge to gain here"
You're joking me right.
As for you're over question I've had a look back out of interest and the last time I had a position in Cineworld was a test CFD back in December 2020. Otherwise than that I was dipping in and out in the summer of 2020 with mixed success. My best buy was 46 and sell 56 - think that was on a Disney takeover rumour if I recall correctly.
It's quite interesting seeing how different my approach is now to then, all a learning curve I guess.
It's actually googling CINE how I ended up finding this place.
Wolf, there isn’t much investment knowledge to gain here, unless you mean “investment knowledge” to be shenanigans. All that will be done now is shenanigans.
What you are about to learn, what your finance books never taught you, is how a nearly bankrupt company isn’t bankrupt at all, in fact it’s in a good financial position 12 months down the line.
You just wait and see. Cine isn’t an aim penny stock, even though it is two pence eighty.
Imho DYOR
Wolf, what price did you jump out of this?
"Likewise Wolf but you do seem to be determined to ram home the negatives on this stock at every opportunity (I know thinks are VERY bad). I can appreciate that you may just be using your knowledge and experience to try to warn those people of the seriousness of the situation who may seem a bit too casual about it but it feels a little overkill at times (albeit not quite as much as the tedious trolls that have flooded to the board with whatever motive they have)."
This my passion and I use experiences like this to research and build up my investing knowledge so not to make the same mistakes again. Nothing is more important than recognising and acting on a red flag, especially if you can catch it early and understanding the environment and also the industry a company is operating in. I've been stung a number of times myself and had had a pretty rough ride for the first half of the year, only just overturned by losses in the recent rally.
My current holdings are also quite sensible and safe so the boards are like ghost towns.
JohnNth, I’m a social animal, not interested in streaming etc. I like to go out, like millions others in this country.
Death by a thousand cuts; CINE have already had over 990....
Youtube, amazon prime, and sky, seems to have a Rent service where you pay a price so you can stream a certain movie at home.
In some areas it will be cheaper to buy a cinema ticket than to rent that movie online especially if it is just one person watching the said movie.
Or you have time on your hands whilst your partner is at work or you are a movie buff that loves re-watching over & over again.... Can't see anything wrong with it....
PsychoCurt...if you have to go watch movie alone, then generally speaking you're a loner or not psychologically right in the head. Most people do not fall into this category.
agreed @general
agreed
No one prefers sitting at home watching a movie they only pretend to because they haven't been in awhile - you can't beat that experience regardless of price..and if you're alone it's cheaper to go to the cinema than to rent a newer movie off Sky/Amazon etc.
poorinvestor...the cheap nights in with streaming and BIG LED is even cheaper. Laden with debt, CINE have no money to invest either and hence the infrastructure will fall into disrepair and the whole thing will collapse. I would get out whilst there's still miniscule value left in the stock.
StanlyPro...you forgot to mention "the pigs will fly!"
Must be 1 post wonder day !!
Oh , and TiT , you definitely don't get it .