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10:39 - Dean36
"Also I Don’t Tell People How to Spend Their Money on Here Either." - yes you did at 01:11. Look it up to refresh your memory. Robinhood Markets and Stone Co ring any bells?
Cineworld Stock is Now Suspended Until August 1st
So Next Week is When We Find Out.
Saw the RNS in my inbox had to chime in as this board evaporates into background radiation
This sadly looked inevitable from when I decided to leave but unlike others believe it was avoidable not that it matters a jot anymore
A short history lesson on this shows all the reasons given for bearish sentiment along the way was largely misplaced - streaming didn’t tank cinema , people were not stuck at home for the rest of eternity due to Covid and there is a universe where I believe that given enough breathing space to recover that Cine would be back to pre covid levels of box office - July for example is at 83% of 2019 with a weekend to go - so the investment gamble was correct in theory.
Where me and others went wrong was in believing a CEO who crowed at the AGM about great supportive relationships with lenders and how they were turning a corner on their gross margins per customer - all the while likely knowing that the lenders were lying on wait for the debt covenant to slip and there was no hope of a waiver or any flexibility around debt repayments - I know many will disagree with this analysis and given where we are and my lack of a position in this share I could not be less concerned
Truth is it was all there in black and white really and optimism got the better of me and the old adage of rose tinted glasses where sadly being worn throughout instead of cashing out when the share was up as many of us missed out on
Mountainous the rest you have said better then I can so I will end with this quote which is a good lesson for us all
You cannot be successful in the markets if you are betting with the consensus. You have to find out when the consensus is wrong and when you are doing that, there is a high probability that you also could be wrong
Ray Dalio
All the best !
It’s shocking how they get away with fraud!!!!
"well some should hold there heads in Shame"
Not the time really, but there's quite a few on this board. I feel for the SH, the way they've been treated by Mook and the BOD in the past 12 months especially. BOD stood silent just collecting money whilst Mook ran riot. Where were the Non Executive directors all this time? Not a word heard from any of them.
With another objection to the cure amount by another small stakeholder landlord claiming $260k this suspension today is another desperate attempt to put the cart before the horse and steal money from the parent CO before it all come crashing down around them IMO, if you have a look at the amount of exchange this stock is attach to, CINE is even on the Chinese exchange LOL!!, so MOOK and the lenders is just going to fleece shareholders around the world and think they are going to carry on business as usual with no recourse ??
We still have the legal challenge filed with uk courts.
Wolfie.... send word to Mooky, its not even close to being over for us LTH's !
Cine will move on to a Better place imo, not a Shamed to admit it, but this company almost destroyed me. Never ever get attached to a share, & don’t ever listen to anyone else’ on these boards
Good luck everyone, well some should hold there heads in Shame
Thank you @Hexam - same to you :)
Cheers mountainous, nicely said and good luck.
Move on.
Whats next ????
All Dean has managed to achieve over the last few weeks / months is what a first class clown he really is.
I’m baffled and can’t decide whether he’s a wind up merchant or genuinely believed his own nonsense….. I do hope he’s a wind up merchant because if he’s genuine he’s in for some deep pain with his investment “career”
CINE was doomed for at least the past 2 years; I'm surprised it took this long to get here. It is now clear the Mook used Ch 11 to suit his ends. He negotiated a great exit deal for him and his family, and also managed to obtain valuation for CINE ROW business (same business CINE bought from Mook's family in 2014 - Cinema City International) by putting on sale with no intention of selling. I can foresee Newco selling the ROW business back to Mook for a knock down price in the very near future.
And here the CINE shareholders believed all along that Mook was working for them; when in fact nothing could be further from the truth.
01:11 - Dean36
Why on earth would we take your buying advise when clearly you don't know what you are talking about. Look at all the ramping you did with Cineworld.
"Are you a bot, @Dean36?"
That would certainly explain the strange, and suspiciously consistent, use of capital letters...
"Also I Don’t Tell People How to Spend Their Money on Here Either"
WHAT?! Look at the title of this thread you started! You then say the stocks are 'strong buys' and will go parabolic before the end of the year "But You Need to Buy By End of July". So clear investment advice and rubbish advice at that as if nothing else you are advising people to buy now almost six months before you expect the shares to take off.
I can honestly say that with this, along with all your other weird and not so wonderful posts, that I've not come across anyone else quite like you on these boards.
I really hope nobody is taking anything you say seriously.
Are you a bot, @Dean36? Or maybe you just talk like one.
I ask because you said exactly the same thing in another comment today: https://www.lse.co.uk/ShareChat.html?ShareTicker=CINE&share=Cineworld&thread=314739A8-C224-4C18-9D21-7EFC101E416F
Also, you joined LSE only 34 days ago yet have already written 223 posts, none of which actually say anything.
I am surprised to read that some posted that they did not see this suspension coming? Crazy: The writing was always on the wall. For those that lost a bit, they can make it back with CPX. Possible take-over by Tesla is on the cards and it is a battle for patents on supercapacitors. Tesla took out a previous competitor and is most likely planning another take-over to secure IP for future battery technology.
Well, the day has arrived. The culmination and end result of over 3 years of investment for many - even more for some.
Sad it ended this way - to those LTHs who have been present over the years, I salute us all. Through a lot of problems and ups and downs we all came together to support and provide information for each other.
One thing for sure is that Cineworld (or midco or whatever rubbish they are calling it now) isn’t going to find it easy - this isn’t me wishing bad, but just a fact. Just look at how long they took to find some CEO to take over the position, and not to mention that even after the restructuring they have a huge level of debt. If I remember correctly CINE had about £6-7bn of assets, and after restructuring you’ll cut about £4bn of debt, so you’re left with £6-7bn in assets with £6bn in debt. The balance sheet remains quite unhealthy still. You just need to look at what happened with Twitter, Morrisons, Asda etc where their balance sheets became loaded with debt.
To all those LTHs, both that still hold now or sold earlier, know that this isn’t the end of the story. Continue working hard, perhaps play it a little more safe, and you’ll claw it back eventually, including those that put in £70k+ or other comparably large amounts.
Take care and all the best everyone. See you around LSE :)
Oh have a day off Takeapuntortwo
The Key word is temporarily [standard format] because it is temporary, because very soon they will be delisted
Give it up!
Everyone was told clearly that this was going to administration in July, the only thing I'm suprised at is it lasted almost until the end of July
I Didn’t Say You Did.
I Said:
“Experience” - No.
“Simple as that really” - Yes, i Couldn’t Agree More.
(I Hope You Like The Lower Case I).
Mooky Won’t Get His Money For a Year Anyway.
Didn't see that coming lol
Might invest in the newco when they float
GLA
True But it’s Not Looking Good Now also the Share Price Dropped to 0.05p Before Suspension So it Looks Like a Wipeout.