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Large trades out of hours are trades (You refer to them on nex) that have been filled though the day and reported late, most are buys..
Once the auction closes there is no further trading.
Ive noticed a lot of cine holders appearing on nex..
GL here. Hope it can recover.
I have been looking but not in nex yet. Looks like it's doing well and agree £2 is on the cards. However looks overdone today and loads of out of hrs sells so expect a drop tomorrow. Overdone today lol. But looks good for medium term.
I have £80k in here around 50p avg.
I have been looking at NEX for quite some time, still not in yet though. Which is frustrating...
I might sell Boo after results to buy NEX.
All this talk of NEX with buys at 112p, 122p, and 124p has got me looking into it. The SP is doing well for you guys, well done and good luck with it.
I’m off to do some research.....
A blue day is a blue day but we will need some good news to keep this moving.
Some big risers on the FTSE today but Cine didn’t move that much.
Let’s hope new openings will help.
Lets see H2 results, expect them to be the most interesting.
I agree we are seeing this board quieten a little and it does seem to be less heated which is nice! I stayed out of commenting last week but I was disheartened by the H1 results.
We don’t have a huge amount of stimulus to look forward to at present but I am confident that the share price has now bottomed out and will tooth it’s way up a little bit towards xmas.
I have fingers crossed that Bond won’t be delayed and that it will bring a lot of people from all demographics and age groups back to cinema. It’s a different beast from Tenet and appeals to a much wider audience. This could be the next bit of positivity to look forward to and might help us to creep up a small amount if positive numbers are reported.
The biggest news beyond BOND that I see is the waiver of debt covenants. If we see these covenants renegotiated (that Mooky seems confident of) then this will have a positive impact on our shares as the risk of defaulting would be mitigated and our shares protected for a good amount of time to allow the business to recover post Covid. I am hoping for an RNS on this front by the end of November.
Also I shouldn’t miss out the possibilities of a vaccine rollout early 2021 (or possibly late 2020) or a studio bid for the business. Both could cause a fantastic spike in this share and could happen at any time!! Although both more likely to be H1 2021 than this side of xmas imho.
Gla, especially the long term investors like myself.
The Investigator.
For those that said it would drop to 30p and 15p. It seems to be crawling up and not down. I think the market is nervous of debt waivers being renegotiated till 2021 or 2022. And possible takeover. If this continues it slow crawl up, expect a few short positions to close up.
@indepth
Fair enough, I just think it's rather extreme given the climate and that under normal trading the company does very well.
I would be more inclined to support them than taking this approach.
Luckily cine dont owe u $8billion :)
Let's see how it pans out. One of us will be right.
If I recall earlier this year on securing debt to see the company through the current environment the price shot up. I'm expecting similar this time around...all depending on the deal of course
I would offer Disney an opportunity to buy Cineworld for the bargain price of £1.50 per share!!
Hehe... I also got into NEX at 122p. Should be a very merry Christmas indeed.
I echo others on here, feels nice and calm... all the bad news is out now and the SP hasnt tanked to 30p or lower as some have spouted it would, just need confirmation that the covenant test has been resolved and think we will see a gradual rise in the SP.. lack of derampers of here should speak volumes imo.. but as always DYOR and gla...
Me 2 NEX bought £1.15 sold £1.32. Back in now at £1.39. Should be £2 by October fingers crossed.
p.s I'm also in NEX at an average of 122p and wish fellow NEX investors well.
@RS2002 - Good post... guitarman take note!
Cineworld's risk of bankruptcy stands at 7%
Source: https://www.macroaxis.com/invest/ratio/CINE.L/Probability-Of-Bankruptcy
According to the Office for National Statistics, in August alone there were 34,750 deaths, of all causes, in England – 2,060 fewer than the five-year average.
One in ten of these, roughly 3,897, died from dementia or Alzheimer's disease – that's 130 every day.
A further 130 a day (on average) died from heart disease.
Covid-19 did not even feature in the top ten leading causes of death in August in England or Wales – with 482 fatalities, it came 24th, after lung cancer, colorectal cancers, prostate cancer, liver disease and even flu.
Over a year, cancer – of all kinds – kills some 165,000 people, which would be an average of 450 people per day.
Accidents at home, often while doing DIY, are often fatal. Roughly 6,000 people die this way each year – that's about 16 people every day.
Five people die every day in road accidents across the UK, while 69 are seriously injured.
Infections – including C.diff and stomach bugs – kill 5,937 a year, or about 16 people a day.
Last year, there were 5,691 suicides, 1,413 of them in the last three months. Nearly three-quarters were male, making suicide the biggest killer of men under the age of 45.
Source: https://www.ons.gov.uk/
In short: perspective and the over-reaction of governments through media sensationalism is being addressed and the market is recognising this.
Be patient, investors and ignore the noise.
Guitarman sold out and is now bitter he has to buy back in at a higher price
Don't be sore .... We all made that mistake at some point
Forget your sale price.... jump in now before this rockets
In-depth, if attendance does start to recover as expected, and the SP does the opposite of what you say, at what SP will you slip quietly away...?
@Indepths
If cinema admissions and revenues do not improve significantly, cine will slip quietly (for most people) into bankruptcy
So let me get this straight. A company which makes great cash, pays a high dividend and is part of an industry that has seen growth for what the last two decades sudden hits a bumpy road as are many other companies due to Covid and you think its gonna fail? So if that was your 8 billion dollar loan with Cine you wouldnt support them through this you would instead call in the debt collectors and see 15p for every pound returned??
There are many companies out there operating who havent made a profit in years, they are the ones that will go under. Not otherwise good stable businesses.
What is your basis for that comment guitarman?
You really seem to be starting to fall into the deramper camp.
If you look towards the Chinese market as an example when the risks of infection diminish the demand for Cinema increases. Admissions will improve as the situation improves, if you listend to Mooky you would understand that.
LTH Anonymous
Green has appeared lol
I agree @antmoss, Whats important is all us long term shareholders stick together and support each other.
But they will improve, whether its next spring or over the next few months. After something like this, they improve, common sense...