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Maybe learn to read, before slating everyone LPD.
Ash said if like Morrisons we were about to have a bid it would (like Morrisons) be in the news.
DOH!!!
Misleading and inaccurate post that one ASH I'm afraid and it should be reported.
https://www.theguardian.com/business/2021/jun/19/private-equity-firm-mulls-cash-offer-for-morrisons
It's about as certain as you can get there will be an RNS tomorrow morning at Morrisons and a consequential rise in the share price to 230p. Been sleeping?
Another for the filter bin.
cekim,
I don't think that there is any doubt that CINE is next on the list.
If that's for a takeover then definitely so as AMC has outpriced itself, and that actually highlights the vulnerabilities of CINE to a takeover.
If it's for WSB and Reddit attention then its heavily shorted and that is one of the main criteria that they look to target. When their focus was on Gamestop nobody even suspected AMC would be next.
Forest I think there think there number of reasons that thread has been deleted , let's not forget while the thread started as a takeover 100% confirmed there was also a lot of other messages regarding different opinions too.
I think its a shame it was deleted but I know the only confirmed 100% fact to come out of that thread.
Jordan888 name will be a famous name and talked about for a while.
Nonsense story. Just like the reddit where Cineworld was next on the list.
forest, someone stating a takeover as fact when it's not been reported anywhere would be seen as questionable info at best so lse themselves may well have noted and removed.
LPD I posted that news last night on thread I started not dealing in fantasy ;-)
Bonkers , do you think it’s someone who’s shorting this share that’s had “ Jordan’s “ original. “ proposed takeover statement made yesterday morning took off this board , shorters will be worried if this starts going north in my honest opinion :-)
Just further whilst we wait to see if jordan called it right Crumpets, I see F9 has just premiered in America. It all helps to build things up.
https://www.dailymail.co.uk/tvshowbiz/article-9703341/Vin-Diesel-Tyrese-Gibson-long-awaited-premiere-F9-Fast-Saga-LA.html
Somebody has though crumpets and sufficiently so to have not only had the post but the full thread taken down. Sufficient to think insider dealing or inside information.
So in the one corner that frame of mind. In the other those thinking stupid thread. If the latter had been the case and somebody hadn't been worried then it would still be here.
They should have left it up and people could have made their own minds up. The wording was pretty unambiguous. In fact stating 100% fact. So we wait and see. It drops and your in, you win. If out you lose out. If short you get burn't.
Imo the present market cap lends itself to a bid. Forwards we travel to F9.
Haha crumpets
I don't think anyone has took his post seriously , has led to intresting discussion , I'm more intrigued with the source etc.
Would love for it to be true though
Ticket booked crumpets.
I most certainly wasn't taking this stupid thread seriously.
Can't speak for others ;-)
Surely nobody is taking this seriously?
Some rando on a bb that has been (probably) on the sauce posts takeover news but there's not even a whisper anywhere else. Nothing.
And Jordan has since disappeared off here either laughing his arse off or gone into hiding after a throwing out a drunken post with no way to delete it.
The biggest news next week will be about F9's box office and rightfully so as the public piles in to fill up our very hungry cash registers.
Forest I 100% agree with you , IF the takeover bid materialise.
I'm pretty sure jordan has spoke to his "source" more then once since putting the thread up. Big responce from a big thread headline, all eyes are on next week
Either way , if it’s true , a takeover bid is coming this week , the share price will go north, for shorters closing & the. FOMO. Brigade , so all in all it’s a cherry on the cake news this Father’s Day for us. LTH :-)
I don't think companys that bid think about where it was say 3 months ago , they will be thinking one thing how cheap can we get this , noone in this world wants to pay more then they have too on any given purchase wether it's a new car a new house or in this instance cineworld.
We could argue that it was over £2 a share once or over £3 . But currently as things stand right now IF someone places a bid it will still be during pandemic at unfortunately pandemic prices , noone will spend pre pandemic prices on a hope it reaches that.
The only good a current bid will do now is jump the s.p nicely north nothing else
Bonkers 130p was what I thought might be an opening salvo should one appear. But bear in mind we were 123p previously with zero progress on reopenings or Box Office.
Fast and Furious 9 by the way is getting TV advertising. I saw one on ITV last night. Just seen another on Channel 4 this minute. First of the high grossers opens on Thursday in the UK and Friday in the USA. Us up to near 100% seating capacity throughout.
Fathers day lunch time. Must cut and dash.
Just to hit the send button on this before the filter.
Wrong metric chosen FI in mentioning sales in your comparison. You can have all the sales in the world but be loss making. Profit should have been the chosen metric.
Had you chosen profit, Morrisons made £431m profit before tax in 2020/2021 whilst being open throughout the pandemic as essential shops.
Nearest comparison for Cineworld would be just prior to the pandemic hitting and where it actually made an adjusted profit of $475.4M
Apples and pears in terms of what they sell
https://www.morrisons-corporate.com/investor-centre/annual-report/
Slide 5
https://www.cineworldplc.com/sites/cineworld-plc/files/2020-03/2019-full-year-presentation_0.PDF
Filtered.
Lattpulldown I actually agree , I would expect to see the price rise to around 2.30 , its what the official bid is and therefore places that value onto morrisons.
Bacanora was the same , a bid around 15 to 20 percent of the current price. Although while morrisons had a official bacanora haven't yet , just a intention.
With that in mind With a bid in cineworld plus say 25 percent its current value that only takes us to £1.05 , hence why I personally believe and again I say a big IF a takeover bid acctually happens.
With the current S.P at just over 80p I'd be amazed to see over 1.30 for a OPENING let alone 1.80.
However stranger things have happened but I can't see mooky entertaining any offer like that
Good afternoon ianharding I don't think anyone would open with that sort of bid but your lower end coincides with part of my thoughts for where it might start to be treated seriously. Mooky you would think would also be looking to capitalise off the terms of his recent bonus scheme and with his brother have a substantial holding. As does Jangho.
You only win if you are in and the bid pops up and you get burn't if you are short. Those short on Morrisons will be scrambling to close tomorrow as the first offer is at a premium and knocking back the bid should bring forth a higher second offer.
Initial poster seemed pretty definite so lets see how the week unfolds.
It's Fathers Day today and its time to spend some quality time with the family. Cinema this evening to see "Nobody" and thanks for the feedback Cruis1. Looking forward to it.
Between £1.80- £3.80 a share would be my guess.
Just to pick you up on something you have mentioned earlier.
"Cinemas don't own content, studios do. It makes far more sense for streaming platforms to gobble up studios."
That may have been the case of the Amazon / MGM deal but the article makes it quite clear that Netflix were looking at Regal and Amazon were looking at AMC, and other cinema chains. Amazon / MGM will be the first of many.
https://www.thisismoney.co.uk/money/markets/article-8351307/Netflix-looked-bid-buy-2-4bn-Regal-Cinemas.html
Spat with Cruis1 lost on pre-film advertising. Not endearing oneself these days and whereas you seek to try and remove threads, disrupt and provoke others I shall act civilly. Back into the filter bin you go.
Nobody compared Cineworld and Morrisons debt. Only you.
I merely showed that with 3 Billion debt and 5.7% shorted a bid at a premium emerged and has been declined. Meaning it will probably open at 230p tomorrow, burn several shorters and that higher 2nd offer will need to be forthcoming.
For the record while Morrisons and Cineworld debt are being compared.
Morrisons have 16/17bn turnover.
See the flaw anyone!?
Yes Bonkers the debt is there and there isn't a carpet big enough to sweep that fact under it.
That is a simple point some of the vocal ones here forget when saying "Regal cost double our current value" or whatever.
Yes it did and in effect it's not paid for so someone bidding double or more current price would in effect be paying for Regal twice.
As much as a takeover would make sense for many reasons atm it’s all speculation. I’m confident that once we fully open open with no capacity restrictions, that’s when we’ll see the real momentum moving up and with the vaccination drive it’s looking like a positive outlook!