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Again with the mystery of why cine delayed the earnings which should have been 2nd week Aug. Followed by the absolute lack of updates for 3 full months. Then releasing the RNS on 17 Aug scaring the shareholders into dropping the market cap even further. Hell, if they diluted at 20p they will have had to print 8x fewer shares to dilute.
I meant they would have needed 1/8thr number of shares as today to reach the same cash amount.
Lol Wolf, I make good money, so it’s got to be more than gambling. Maybe a little gambling thrown in with good luck and a drop of research. :-)
Likewise Wolf but you do seem to be determined to ram home the negatives on this stock at every opportunity (I know thinks are VERY bad). I can appreciate that you may just be using your knowledge and experience to try to warn those people of the seriousness of the situation who may seem a bit too casual about it but it feels a little overkill at times (albeit not quite as much as the tedious trolls that have flooded to the board with whatever motive they have).
it's very unlikely for any dilution to take place at these levels... CINE will take it step by step,
1) Finding investors/lenders and securing enough finance to see out 2022
2) Things improve from the start of Q4
3) Getting into profit in 2023
4) Balance sheet restructuring (raising capital)
That was the plan on Nov 2020 when they got out by borrowing I think 500M. I was thinking the lenders will give waiver and ride this out, while plex case gets to a reasonable conclusion.
But here we are.
First message having followed on here for about 18months.
I was in CINE at worst 114, and I’ve exited at about 8. It’s been a slog of 18months+ and all in all a loss of £11k.
I got out after the latest initial big drop, and I’m glad I did. It’s been the most awful share I’ve bought and the hassle of the fake positive upwards trends only to be destroyed in a day…over and over takes it’s toll. I’ve got out with about £2k in the end from about £12-13k.
My view was in taking something rather than nothing. The idea of I’m in too deep/too long now was always on my mind - however having got out now I’m glad I did.
£2k recently vs £500 today I know which I’d rather have.
Going down with the sinking ship may seem valiant and I was part of that thought - but being on the other side now I’m glad to be out.
Just my thoughts and everyone’s choice ultimately. Lose only what you can afford and it’ll not be so bad….
Must be 1 post wonder day !!
Oh , and TiT , you definitely don't get it .
StanlyPro...you forgot to mention "the pigs will fly!"
poorinvestor...the cheap nights in with streaming and BIG LED is even cheaper. Laden with debt, CINE have no money to invest either and hence the infrastructure will fall into disrepair and the whole thing will collapse. I would get out whilst there's still miniscule value left in the stock.
No one prefers sitting at home watching a movie they only pretend to because they haven't been in awhile - you can't beat that experience regardless of price..and if you're alone it's cheaper to go to the cinema than to rent a newer movie off Sky/Amazon etc.
PsychoCurt...if you have to go watch movie alone, then generally speaking you're a loner or not psychologically right in the head. Most people do not fall into this category.
Or you have time on your hands whilst your partner is at work or you are a movie buff that loves re-watching over & over again.... Can't see anything wrong with it....
Youtube, amazon prime, and sky, seems to have a Rent service where you pay a price so you can stream a certain movie at home.
In some areas it will be cheaper to buy a cinema ticket than to rent that movie online especially if it is just one person watching the said movie.
Death by a thousand cuts; CINE have already had over 990....
JohnNth, I’m a social animal, not interested in streaming etc. I like to go out, like millions others in this country.
"Likewise Wolf but you do seem to be determined to ram home the negatives on this stock at every opportunity (I know thinks are VERY bad). I can appreciate that you may just be using your knowledge and experience to try to warn those people of the seriousness of the situation who may seem a bit too casual about it but it feels a little overkill at times (albeit not quite as much as the tedious trolls that have flooded to the board with whatever motive they have)."
This my passion and I use experiences like this to research and build up my investing knowledge so not to make the same mistakes again. Nothing is more important than recognising and acting on a red flag, especially if you can catch it early and understanding the environment and also the industry a company is operating in. I've been stung a number of times myself and had had a pretty rough ride for the first half of the year, only just overturned by losses in the recent rally.
My current holdings are also quite sensible and safe so the boards are like ghost towns.
Wolf, what price did you jump out of this?
Wolf, there isn’t much investment knowledge to gain here, unless you mean “investment knowledge” to be shenanigans. All that will be done now is shenanigans.
What you are about to learn, what your finance books never taught you, is how a nearly bankrupt company isn’t bankrupt at all, in fact it’s in a good financial position 12 months down the line.
You just wait and see. Cine isn’t an aim penny stock, even though it is two pence eighty.
Imho DYOR
"Wolf, there isn’t much investment knowledge to gain here"
You're joking me right.
As for you're over question I've had a look back out of interest and the last time I had a position in Cineworld was a test CFD back in December 2020. Otherwise than that I was dipping in and out in the summer of 2020 with mixed success. My best buy was 46 and sell 56 - think that was on a Disney takeover rumour if I recall correctly.
It's quite interesting seeing how different my approach is now to then, all a learning curve I guess.
It's actually googling CINE how I ended up finding this place.
Wolf, No jokes buddy, straight up. This is a real complicated scenario, vue was really simple. You think this is going bankrupt, there are loads on here, who also think the same. I will be flabbergasted if this goes bankrupt, I will be that shocked, that I might stop investing.
No standard procedures are going to be done here, they haven’t so far, so why now. This should of been bankrupt 2 years ago.
Poorinvester you keep saying it won’t go bankrupt, maybe it won’t, but it’s more or less guaranteed shareholders will be diluted, i can’t see any other alternative ?
Cruis, I’m 99 percent certain that this won’t go bankrupt, not 100 percent. I’m certain shareholders will be diluted, but not at this level, the sp is too low for any dilution, what are they going to raise from a 38 million mktcap company.
Wait for the next rns, things might start becoming clearer.
Imho DYOR