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Ok , let's talk about how much we have lost so far... I have lost around £5k on this cine investment so far... please feel free to share..
Here same. About 5.5K, P. Almost everything. So, I have like 15 years free visits in Cine, London????????
your great grand kids will see free cinema too.. lol
Shazabo? Poor investor? Ianharding?
Global cinema revenue is bouncing back, reversing its pandemic-driven losses, and is expected to reach a new high of US$46.4bn in 2023. Box office revenue is projected to reach US$49.4bn in 2026 from US$20.8bn in 2021, an 18.9% CAGR. China surpassed the US to become the world’s biggest cinema market in 2020, and is expected to retain this leadership through 2026.
https://www.pwc.com/gx/en/news-room/press-releases/2022/global-entertainment-and-media-outlook-2022-2026.html#:~:text=Global%20cinema%20revenue%20is%20bouncing,2021%2C%20an%2018.9%25%20CAGR.
You only lost, if you press the sell button. My average is 3.30p, should close around 3p. Not worried in the slightest, been here many many times.
AimMaster, how many shares you got? Or you wait to pile in once it drops further?
:)))
I did not sell, however. Only small amount to cover plus from other stock sale. For tax purposes. ;) Gla, Cine_I!
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?
Poor investor is currently at a paperloss of 19 k imho
They all said it wouldn't open up on Monday! Or if it did open up it would be 1p!
AM2018, You really need to omit the 'H' in your 'IMHO because there's nothing remotely honest about you!
If it was suspended, he wouldn't be sat at paperloss at 19k imho
When the plug gets pulled it’s yanked out fast.
Wolf, If you do a quick analysis of companies that have gone bankrupt, in the past 10 years, the plug was never pulled fast, it was shareholders that never saw the company for what it was. Compare cine to all the companies, that went bankrupt in the last few years, you will start to see the huge difference.
Cine should of gone bankrupt two years ago, any other company would of gone, but not cine. I’m again not saying cine can’t go bankrupt, I’m saying the chances of it going bankrupt are very very slim. You are saying they are going under, you are basing it on their financial position, 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?
Again, for the last time, I’ll say it. This is a niche business, with many hidden hands. They will most likely prop it up till they can replace it. I’ve done my dd, either going to lose my money (look aim master, I’ve used lose not loose :-) ) or going to make loads, let the dice spin. Imho
So
The point is poor there was a rescue plan out in place two years ago based on a post covid recovery which hasn’t materialised.
They could increase borrowing two years ago, I very much doubt that is an option this time hence the D4E swap and dilution.
It doesn’t matter what has happened in other companies as all situations are different.
If you are going to do a quick analysis on anything I would try the profit and loss account, balance sheet and cash flow statement as at 31/12/21 - it’s bad and things have likely got worse. The shorters have called this to perfection.
It’s is not a niche business it is a cinema mate.
Maybe niche, might not be a good way to describe the business, but it sure has a monopoly over the cinema business, with no small players allowed to compete. Profit and loss accounts were worse 2 years ago, cine was shut for 6 months.
I agree, shorters have called this right, that’s why I wasn’t invested, till now. This is like a rocky movie, all odds are against but cine will rise victorious. Imho
"If you are going to do a quick analysis on anything I would try the profit and loss account, balance sheet and cash flow statement as at 31/12/21 - it’s bad and things have likely got worse."
Wolf - I have looked at all three. Many times. Almost certainly the profit and loss and cash flow will look a whole lot better this year and could be positive at H2 (borderline in my view but probably not quite). The balance sheet therefore may be similar to last year - could be a bit better but more likely to be a bit worse. But what is undeniable is the turnaround hasn't been quick enough so they are not where they expected to be or where they needed to be to meet the RCF covenant (or repay 65% of the drawdown). I thought they would get a waiver for this given they are moving back into profitability but clearly they have not and now the pressure is on (with the thin film slate in next few months and the upcoming court case adding more pressure).
So things are indeed very bad but you seem to suggesting they are even worse - unless I have misunderstood you? If you do think they are much worse what do you think is in the accounts and market stats that I've missed?
Hexam, completely agree. The balance sheet was worse two years ago, a lot worse. Cine is predicted, to go into profit next year.
*could be positive at H1
Do you mean was predicted to be in profit next year, much higher electrical bills to cover, possibly gas bills to cover, higher staffing costs to cover, very likely reduced customer counts as families are squeezed on entertainment expenditure.
Speacial, cinema is still a cheap night out, a lot cheaper then going for a few drinks or having a restaurant meal. We had a meal out a couple of days ago, on the curry mile on wilmslow road, me, wife and 3 kids. It cost me £130.00.
You should see what my local charges for a pint of beer.
Hexam - thinks are worse because the liabilities at the end of the last year are now falling due and they have haven’t got the money to pay them.
Net current asssts were £1bn short.
Wolf - I disagree with that conclusion given what the current liabilities represent and that I think cash flow will be borderline after allowing for rent payments (as it nearly was in H2 last year) which is the largest current liability. Also deferred revenues will actually be going up as ticket sales are higher (just as with airlines and advance bookings where cash on recovery runs ahead of revenue recognition). So appreciate the response but we'll just have to agree to disagree.
When numbers geeks collide.
I’ve got the upmost respect for you mate and enjoy your posts on the boards we mutually frequent.
Poor’s a good chap as well. He just has a chronic gambling addiction!