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Oh! So it's tomorrow now? It's just that I thought you said the US was going to decimate us today?
It's all so very confusing when you go changing your predictions like the wind. It's almost like you really don't know what you're talking about.
Sub 25p by close of play tomorrow!
Are you just going to copy and paste anything you can find relevant?
Your first post is from Bloomberg on October 06:
https://www.bloombergquint.com/onweb/cineworld-close-to-hiring-pjt-as-adviser-ahead-of-debt-talks
Next is Sky's that has already done the rounds today:
https://news.sky.com/story/cineworld-screens-alixpartners-for-talks-on-8bn-debt-pile-12111026
And then lastly was from News-Times yesterday:
https://www.newstimes.com/business/article/AMC-warns-bankruptcy-is-possible-which-could-15661637.php
Have you got ANYTHING new? Because all you've done today is regurgitate old news that we all know about.
AMC Entertainment warned Tuesday it could run out of cash to fund operations by year end, creating the possibility it could be pushed into bankruptcy if unable to replenish its coffers with additional financing as needed.
The nation’s largest movie chain with nearly 600 locations, AMC has Connecticut cinemas in Danbury, Southington, Plainville, Bloomfield, and Lisbon. Nearly 520 AMC theaters are operating as COVID-19 cases spike in many parts of the country, with seating restricted to between 20 percent and 40 percent of normal capacity.
The pandemic has decimated movie attendance, with Connecticut casualties including the Bethel Cinema which closed permanently last April. Major film studios have pushed back release dates for many new films and otherwise delayed production schedules, with the current run of Hollywood releases including “Tenet” from director Christopher Nolan and “The War with Grandpa” starring Robert De Niro.
The second week of October, Regal Cinemas announced an indefinite closure of all theaters “in response to an increasingly challenged theatrical landscape” in its words. Regal has Connecticut theaters in Branford, Waterbury, Waterford and Stonington.
Anyone else being drafted into to sort out this disaster!
Sky News understands that the stricken multiplex operator, which has mothballed hundreds of cinemas in the UK and US, has in recent days appointed AlixPartners to work with the company.
The move comes weeks after a syndicate of Cineworld's lenders appointed FTI Consulting and Houlihan Lokey to negotiate with the company over its $8bn (£6.1bn) of debt.
PJT Partners is also working with Cineworld on options to see it through the coronavirus pandemic.
What a Mess!!
The loan coming due in 2025 fell 6.5 cents on the dollar to trade around 57 cents
The London-listed chain has already said it’s considering funding options to weather the pandemic, including obtaining around $200 million to $300 million of new financing
The company’s debt soared to $8.5 billion from just $467 million in 2017 as it pursued an international expansion.
Sadly, Im now out of cine with the intention of buying back on any positive news about waivers as it's a very risky share until the news about waivers come out.
I was in with the intention of a LTH but things seeming to be getting a bit more complicated with Cine now bringing in AlixPartners ( they already had PJT partners before ) it does not look good
I hope we hear some better news in the coming weeks .
Well if that works for you, keep those blinkers on
...And this is coming from the guy who thinks he has supposedly done smart analysis all whilst calling regular shareholders 'gamblers'.
ShorterGuy, you haven't got a single clue. The more posts I read of yours, the more glaringly obvious it is.
Out of curiosity, how do they manipulate the prices to this extent?
Steve, the phrase a little knowledge is a dangerous thing comes to mind. To think some of these people who are spouting Chapter 11 gobbledegook, don't even realize what jurisdictions it is enforced in, is worrying. More worryingly, they're supposed investors/traders. One can only hope they're not gambling the family fortune (or family fiver)! Good luck
Drifty69 good luck to you too and for that all long-term holders and genuine folks in cine.
Know when you are wrong.
The article you chose mentions Chapter 11. They are a turnaround company - they don't just go in on an insolvency basis or "Chapter 11" as you like to call it. they act as negotiators and in this case it seems that is the focus because you cannot undertake Chapter 11 on a British company.
You really need to learn when you are wrong, which from what I see is most of the time (when I am not skipping your posts)
I know what you're saying @funinvestor. Crazy day. I'm in similar to position to you, and when i saw the Sky Business tweet on the right hand side of my trading screen, i was primed to pull the trigger, before the trading was suspended for sells, but didn't.
I have to say i was very pleased at how the SP bottomed out at 28p, and didn't fly down, and how it has recovered some, stayed pretty constant since then. I assume the big players understand exactly what is going on here.
Good luck with your investment, hope there aren't any more nasty surprises today....nice ones we will gladly accept!
Shorterguy and Insi = dumb and dumber!
Both thick as pig ****!
LTHcine
The rise this morning was just so quick and on back of those days I felt it was a decent option.
However on balance clearly I didn't trade it.
Largely for what you say, it's very difficult to predict short term movements sufficiently well enough to make the risk worth it for most of us.
So instead I stay long-term holder generally with any shares I purchase.
Sometimes hard looking at what appears missed opportunities, however all to easy to forget the times it would have gone strongly against trading.
Good week looks likely for LTH'rs now though with day and half to go.
Okay as you didnt understand, CINE is a British company. British law therefore applies.
Can't make it any clearer than that and I'm afraid it is not possible to twist to suit your own ends
"Can't you see from the news they have called in the chapter 11 experts?"
Then they have made a massive mistake as Chapter 11 is for US companies and CINE is British????
Very good Shorter
You have to be careful. There was 3 x 10% days in a row, how do you know if on 4th day they are going to crash the price down with low volume? If you sell 2 days ago on 1st rise.. you are now left behind not being able to get as many shares back because this is how they accumulate shares
Rubbish. Chapter 11 lol
Today was probably first day I seriously considered selling a part of my holding with the dramatic morning rise I felt a pull back inevitable even if temporary. However I didn't expect the percentage movement so on balance resisted.
There has for long time been bigger than warranted movements on low volume I feel however today was probably clearest I can recall.
Up 14% in first hour or less, then down 25% now Curri back up 15% from that point.
All on tiny volume.
Certainly interesting following this (if somewhat nerve-racking being for me large holder)
Maybe we will close a few of our biggest losing cinemas.. and come out the other side a money making machine. Meanwhile you will be here spouting 20p 20p
Some unknown entity is making a killing by manipulating this share.. a few people have said they dont believe its being manipulated when i have said it. But its clear as day.. eventually they will scare enough people into selling their shares and then they will move price up.. we are at the mercy of higher powers and its just a waiting game really
Not sure I previously fully bought into the idea this share was being massively manipulated (outside fairly normal play).
However it would in my opinion be hard to argue that with less than 2% shares traded today and the exaggerated movements we have seen that this share is (today at very least) been "falsely" moved in both directions.
Anyone saying a particular outcome is guaranteed/certain/happening for sure today/tomorrow/this week blah blah blah is talking tripe