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guitarman001 I love cinema too, and I understand the frustration. Below 30p is what I think this will land at after seeing AMC price.
Can I get an idea who thinks that the covid-19 is not a real issue? If you could please respond.
I don’t know what people thought...
You’ve got your bag results like everyone expected but maybe not the massive drop into the 30’s today???
If you don’t believe in the company it’s all there in black and white, the recovery plan will happen and it will be over £1 again sometime
Maybe you were expecting a quicker rise I know know but if your not happy just leave.. there’s no secrets anymore
One Fact is cinema will be around past all of us and covid will be history like everything g rise in the world that’s tried to trip everyone over
Very happy to sit and wait at these levels
@Hosai its not in line with expectations. Even I didn't expect it to be this bad. I can't see many analysts being positive - the average target is coming down over the next few weeks to months.
Agree with you there PrayFor.
We certainly knew they would be horrible to read. But cineworld added in lots of things they didn't have to add. Like "2023 before normality resumes" "we will need more liquidity if another lock down occurs" surely those didnt need including, by law.
I expected a loss of about 350m-600m and even posted that a while ago, so to be fair, it was closer to the lower estimate.
I just don't think any more "suckering in" can occur tbh.
I'm long term, so will keep this share as long as needed to hit my mark.
Didn't we know they'd be dire? Leaving aside goodwill and asset impairments which arguably don't mean that much it was a $396 million loss which seemed pretty much in line with expectations after AMC's results and obviosuly this is just the income statement they haven't actually lost that in cash flow.
Sucking who in exactly?
PI's should stay clear tbfh. Those results were dire (or made to look dire). Mooky didn't even try to sugar coat them.
The only people that may be buying are big boys with big pockets.
this will fall further IMO. Over the coming weeks this will be well into the 30's. They are sucking people in now at these levels thicking it's recovering them blam..!! Down more over coming days. Will finish week below 40.!!!
@mark_rs read the RNS and hold it with more weight than what was mentioned on the presentation. They are legally obliged to be firm about the truth in the RNS, in the presentation, it's possible to paint a rosy picture. The RNS was worse than expected especially from the perspective of the analysts. Even the bad target price by MS will downgrade this price further towards the 20p.
"I've been almost teared apart by the likes of:
guitarman001
JohnnyCoder
Vorobej
Bertles"
NoFear - the us and them scenario points to some kind of competition between private investors. There isn't and shouldn't be one. The real damage wasn't done by myself, it's the truth in the RNS - a massive loss.
@johnht
So how can you skirt around the truth/anything in black and white??
Everything is on the table
Now.. like it or not... everyone knows everything
And the recovery plan is in place.. nothing
More or less, and it sounds good
Yes I would have loved a rise to 60p etc but things take time and it’s about survival first (yes the figures arnt excellent but what business has) but they have proven and done that...now to rebuild which is what we looking at next
@mark_rs: Of course they find a very positive outlook, they can't exactly paint a bleak picture. You will note they skirted around the real issues which was another way of saying trying to put on a positive spin.
However, what goes in writing they have to be truthful about otherwise the FCA comes down hard and that's what was released in black and white in the RNS - give more weight to the RNS.
Johnht
Did you listen to the whole hour of live presentation from the board?
If not no worries but I do suggest u do
And you will
Find a very very positive outlook going fwd which addressed all the issues you talk
About with figures to back it up
I’m positive with everything they have done, yes it
Could have been better but hey we were locked down ...but along with the board this is why I’m Invested
JW222 in my opinion dilution is in progress - I'll update you later on this as it requires more time.
@HateMMs
Right now it is not regarded as a solid stock. It will be when the people get behind it properly and stop spouting conspiracies. At that point we'll have a realistic target price and a realistic time frame. When covid-19 is addressed, is the cue where investors should genuinely start taking note. In the meantime CINE will take on more debt - which is passed on to the investors in the short and long term. The vaccine could be with us next year, will it translate to anything for CINE investors straight away? No.
For comparison (end of June):
AMC has $2.6bn debt and revenue of $0.96Bn
CINE has a $3.6bn debt and revenue of $0.71Bn
AMC has more screens and has an MC lower than CINE, that's an equivalent of approx 30p.
What we need is a reality check - look at the current situation realistically with the above figures. Along with a better understanding of terms of the debts and loans, what is required is a realistic understanding of vaccines, cures and tests.
Conspiracies won't help the stock, it adds to uncertainty.
Sorry NOFEAR, working my day job but also keep my eyes on the BB in the background and to be honest the fear is pointless. Yes the results were ugly but we knew they would be, we still have US stimulus to come be that before or after the US election, New York and the rest of CA to reopen, vaccine news and Bond to be released. The board seemed confident that convenants waivers were only a matter of time and negotiation and I feel this mornings drop was simply due to shock factor and was overdone. Thats my opinion anyway, stay strong for those who want to hold and for those who don't good luck wherever you decide to invest next.
They said in the live presentation it’s just
An
Option “if” all
Cinemas close, they have covered every possibly Avenue
They said
It was very reassuring to hear the pair of them speak, sounded like everything was under control
My point was just that I don’t know what this means
“ It's time for covid-19 deniers to get behind the efforts of the medical and scientific community”
What is everyone supposed to do, start a weekly clap for anyone who wears a white lab coat?
@Jwd222 the dilution is in a scenario of another tough Covid wave that will bring quarantine within...
When do you think they announce the dilution
I know it is I’m in loss and if they do dilution I’d be more in moss
Was meant for NOFEAR Johny.
John..I am comfortable with my investment in Cine...why? Because its fundamentally a solid stock, obviously C19 has impacted and the H1 results are that impact. It has hurdles almost entirely down to C19, debt covenants and the last 6 months closure of cinemas. Its clear once C19 has been addressed (and it will be) the cinemas will open, the money will come in and the balance sheet will be as before, healthy....not super healthy...but healthy.
The vaccine looking at the manufacturers could be with us next year, lets hope so and when it does happen, and it WILL happen all stocks with get a shot in the arm. C19 hit stocks are just that, C19 hit stocks and low SP reflects that, its no surprise to anyone, but as I said before I invested based on fundamentals and knowing Cine is essentially a bargain of a stock if people are prepared to wait....
Thanks Vorobej for those kind words. The longer people continue with conspiracies the worse it gets. Have a look at the results today and you'll understand that I'm far from angry.