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Good luck, you will be buying at sub 20p in about 4 weeks when they can't refinance and the have to take a massive haircut, only the shareholders will come out of this battered!
Just to remind you, would you buy a business with $8b of debt and no revenue! Madness!
Do laugh at all these derampers. Not $8 billion debts.
Lenders will agree to refinance as the consequences for their businesses will be catastrophic.
The reason funds are paying people to deramp is simple. There are not enough shares in the opening market to close shorts, unless they can scare people into selling. When this rises, as it will, they will be caught with millions of pounds in losses.
Axecaital...
Chevron bought noble energy carrying $8.5 billion in debt....
Its got Revenue and Assets!
Like hurricane energy said it had at lancaster field.....
Again you love to quote the report but what about the part the say they're in talks with having the Debt Covent waived and are confident that will happen ? Really weird how you carry on posting here when you aren't invested. Why waste your time ?
You have 581 posts in Cineworld this month and £0 invested. The fact is you are not sane.
Probably grotty little shorters
IDW: "It is Really weird that rampers are in denial about Cine's level of debt"
I personally find it "really weird" that someone has dedicated an inordiante amount of time to posting the same baseless assertions . This has been said before - but i will repeat the possible reasons:
1) Such people are paid to make such assertions in the hope that naive investors will sell. I suppose that their are worse ways to make a living (but not many)
2) Such people are lonely and use this BB as a primary source of company and social interaction. If this is the case then I am sorry for your predicament but would advise that posting nonsense on a BB will not fill that dark void of lonliness and self loathing. Please seek professional assistance from a suitably qualified medical professional.
concerning the level of debt - it is not a secret! it was there pre-covid and will be there post covid. The issue is one of debt servicing. You don't need to be an analyst to know that at present the debt is not serviceable. However, Cine can be readily differentiated from companies that have been in similar positions and 'folded'. Other entities that had debt piles went under because their service offering and business model did not adapt to changing habits of consumers. - Thomas Cook, did not adapt to the increasing prevelance of people booking online and also book flights + accomodation sepeartely. Debenhams was doomed because it was a bland retailer that offered nothing instore that couldnt be obtained online.
Cine, pre covid was a healthy and profitable company. It's service offering is distinct from PVOD and SVOD. FTI's report (referred to in my previous posts) concludes that PVOD and cinema are not fighting for a share of the same pie, rather they complement each other and each has a place in revenue generation for studios. This is not to say that cinema going will not be squeezed by PVOD in the long term. But in the short to medium term - cinema is not going anywhere.
So in conclusion, lenders know that as far as Covid is concerned we are now at the beginning of the end. Cinema goers will return, revenue has not been lost, merely deferred,. Therefore, there is very little incentive for the lenders to push CINE over the edge.
Cineworld as we know it, is toast!
Good luck Shareholders, as I said sub 15p by end of this year!
I wonder what IDW actually stands for... I'm down wonga or Is dead wrong? Lets see what we can come up with. lol
IDW
I'm deeply worried
and so should all the shorters be.
Indep you are full of rubbish. You're up 60% in the 5 hours you've traded? Amazingly you only ever tell us AFTER the SP has risen and you cash out.
If you are skilled enough to find info on here that warranted you a 60% profit within 5 hours of total investing, you should be working for Warren.
Just stop coming out with bull****. It makes you look dumb.
Try other shares u donk.
If you spent half the time on other shares as you do on this one, you will make a lot of money. I think you have exhausted your research on cineworld.
Seems company that have shorted Cineworld trying to depress the stock. Probably realise the companies they borrowed the shares off are now buying in more shares for the long term. Leaving them squeezed. Next week will see it slowly rise to around back at the 40p mark.
100% agree Ian. Sensible people and MM's the know that the waiver sign off is imminent - within a matter of weeks - and they are getting placed to enjoy a long run upwards, the likes of which we haven't seen for months.
Looking forward to a good week next week.
I don't mean to be rude IDW, but 60% of f**k all equals f**k all.
What does interest me is the time you have spent on here and I believe you could prosper better by getting a proper job.
So, you joined the site on 13/6/2020. This in itself I find very strange as any good shorter in CINE was on-board in Jan 2020 as soon as COVID news started to break.
Anyway, through to today, that means you have been bleating about shorting on LSE for 132 days. In that time you have posted 2,408 times, which equates to 18.24 posts per day. Let's say each post takes you 2 minutes to consider and research ( I am being incredibly generous to you here), that means you have spent a total of 80.27 hours devoted to this site.
If you had worked for this period on National Living Wage Wage (I credit you with being over 24), you could have earned just shy of £700.
So, for the £1,000 you invested, you made £600 less fees associated with the short.
Mate, you have lost £100!
A Darlick
I read Indepth's last post in a high pitched voice.
Because Stevek has his balls in his pocket.