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You repeat pretty much the same paragraph over and over again about cine WILL go bankrupt/default on their loans blah dee blah. I dont know why you feel the need to keep repeating it, people have see the facts and figures and also read the HY2020 and have made their choice to invest or to wait around twiddling their thumbs. Until the SP rises so much upon any of the waivers or refinancing news and then they will say the SP is too high and they will wait until it comes down a bit and wonder why they cant get in for their desired price..
Indepth you are like a broken record.. stating fictions as if they are to be fact! You have became intolerable.
Right so you don’t know then, stop pulling numbers out your a s s. You can’t guess their cost because you have no idea what they are. You are so irrelevant
How do you know they are burning $2 mil per day out of curiosity? Did you speak to the BoD ?
@GreenKitty
Correction: Should read as:
BooHoo BoD recently bought over *£500K of their company stock.
GreenKitty
Thanks for your straight talking. I'm still holding my 57,000 Cine shares average 65p. Just like you said, many would not buy more to average down due to the unknown financial risks. However, I would had still tried to average down once I had found out that a Pfizer vaccine was soon be coming and that the Cineworld landlords were to be told to back off from initiating any legal process to recover their outstanding rent if not for the covid-19 pandemic. Also with the reopening of cinemas in some parts of NY which were closed off for many months under the strict direction of NY Gov. Cuomo, this would had
convinced to buy more Cine shares. Unfortunately, I don't any more money left for investing in shares and will miss out the averaging down with the Cineworld still being a super discounted stock price.
As for Boohoo I wish you well and could have bought it when it dropped to £2.16 before it bounced back towards the £2.50 to £2.75 range. Perhaps, if they had a great ethical company image, I would had made an investment of few £k's just to make some quick money, but they're still more to come
from their unethical way of doing business which has shaken many big and small investors confidence and for that reason I would not invest in BooHoo even though the BooHoo BoD recently bought over £500 of their company stock. In my opinion it would much more to shift the BooHoo stench that is still circling the company and the brought into the open scandal of their business practices and their past and present suppliers that are still be investigated by the UK authorities. Anyhow, Good Luck with all your investments.NoFear.(*__*).
Just popped back in to check once in a while as I am still holding at 58.79, so holding medium term until Q2 next year when cinemas open up properly hopefully . I was planning to top up more to average down here for mid term. To give a balanced view , I am not ramping or shorting but article today, market seems to still think CINE is still a risky share to average down or throw more money into it right now. Too much shorting still happening.
Article writes that "Cineworld is currently the second most shorted stock in the UK. In other words, hedge funds expect the share price to fall."
https://www.fool.co.uk/investing/2020/10/21/easyjet-iag-and-cineworld-shares-what-id-do-now/
In my opinion only , there are a few other shares out there with faster returns. I got into Boohoo today and I will give that the same time few months same as Cine, that will be a faster % ROI return.
So if you are still holding CINE as high as me, in my opinion only , there is not much to do really, until decent RNS on UK market blockbuster releases confirmed in new year. I will pop back in few months, but very positive the SP will eventually go up properly >50p next year .
GLA
The fundamentals haven't changed but improve a little each day as we get closer to pfizer potentially giving vaccine results on the 27th if it's with their results, also debt covenants could come any time both of these would potentially double the sp. NY reopening is also big news as it will influence studio decisions.
It all comes back to whether any of the fundamentals have changed. If in a week which has seen the UK bring in higher restrictions with either a series of circuit breaker lockdowns or a national Tier 3 lockdown a high likelihood the sp rally is surprising in the absence of no news. I note the 11 US cinema openings however to be fair this is a drop in the ocean and more to create a good news story for the sector in NY than the start of any meaningful openings.
My personal take is that this week has been quite a good week for some shorters who will have added to their short positions. However we will have to see once short tracker gets updated tomorrow.
What’s your holding and Average Neil?
Im long on Cine and been holding strong so far - but my thoughts are :
Without any positive news about the waivers - we have possibly just hit the highest point this can get to , we could very well be down from here. (Unless there is any good news about the waivers or opening dates)
Major sells today reflect this view.
I do not want to ramp or deramp but a cautious approach is worth at this moment
I am tempted to sell 70% to 80% of my holdings and get back when there is any positive news about waivers in the coming weeks / months. I cannot afford a big loss here unfortunately as I had gone ALL IN on this one.
Fingers crossed for another rise tomorrow .
Just did a little research, to put into perspective what a bargain this share is to new investors, here goes
As of 14 Feb 2020 and today, comparing the SP's for AMC, Cinemark, and Cineworld. This doesn't incorporate the fact that of these three cinema chains, we are probably in the best position currently. Anyway, here are the stats;
AMC 14.02.20 $ 7.53 21.10.20 $3.02 42% of its pre covid Feb 20 price
Cinemark 14.02.20 £31.00 21.10.20 $8.65 35% of its pre covid Feb 20 price
Cineworld 14.02.20 £1.81 21.10.20 $0.32 18% of its pre covid Feb 20 price
We're at 18% of our pre-covid SP. It's insane. Institutions, and investors can see what a great entry price CINE still is and the ability for it to rise exponentially, heaven knows what those people buying at 18p thought two weeks ago. That was like the modern day gold rush!!
Looking good for long term CINE holders. Good luck