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Crumpets, I have done plenty research but I'm definitely no expert. I bought in because I am willing to accept the high risk for the potential high reward. My fear is not missing out but the British govt sleepwalking into an economic disaster due to covid hysteria.
My impression is that because Cine is a British based company and listed in Britain, the state of the British economy and restrictions here have a large part to pay in the prevailing price.
I was expecting the price to increase significantly had restrictions ended on 21st June. I take it you would disagree, as ending restrictions in the UK would only impact a small percentage of Cine's business.
@rinkydink.
You say 'who can trust a word the government says?'
You mean the UK government? Where just 15% of our business is?
Or the U.S, where 75% of our business is and where now almost 100% of states have lifted all their covid restrictions?
Unless you bought in here through FOMO and did no research, you should know that by autumn time Cineworld will have been running at full strength in the U.S for four months and most probably three months in the U.K as well and will be able to demonstrate that the business is well placed to service the debt levels and return to proftability.
It will take years to fully stabilise but it will get there.
It all depends on your own sp targets and patience.
I am down 10% in CINE. I expect the price to drift down over the next few weeks with the occasional blue day to give us hope. Then a large increase IF the end to restrictions is confirmed, hopefully enough to get me in profit. I say if because with all their changing the goalposts, the deceit and the lunatic/clueless advisers, who can trust a word the government says? I also expect a winter resurgence of covid, and if the restrictions havent ended by then where does that leave CINE? Mooky warned some time ago that the worst case scenario is that Covid could put CINE out of business. Unless anyone can tell me he is no longer saying that...
Don2003
Me to, I sold all my shares to add to Cine (crying face) haha. I'm at a 4.5k loss at the minute. But I have a positive mindset and I'm sure in a couple of months we should start seeing a good rise.
You have to be philosophical about it, at the eod I made my choice. And I didn't do too badly when I got out. The markets are down today, and CINE is quite sensitive, so will continue to ride the old nag out for now.
Despite my frustrations I do like CINE and want us to succeed. Time for a cuppa and a few homemade deadfly biscuits.
hsn123 are the box office numbers positive? Where you seen that?
Thanks for the kind words of encouragement guys some great people on here.
I can't see what will move this in the short term. Next set of results won't be anything special, we already know about the positive box office numbers. Very frustrating when you know it worth more.
I asked the question to fellow long term holders last week and nobody replied. The numbers at my nearest Cineworld in Leeds haven’t been good at all and just wondered what others local cinemas to people seemed to be doing. Could the share price simply be dropping in line with the fact not enough people are going to our cinemas? I want to remain positive but I am now struggling remain upbeat.
@followthe bear I'm down 25% but I only have less than 1000 pound in so I'm ok. had more in before but i noticed things started to go pear shape when it went down below 100p.
@F0ll0wTheBear
Sorry to hear. I'm in the same boat after also selling out of other stocks to buy into cine just to see those stocks go up.
Although nothing as impressive as AMC, ouch, that must hurt, sorry!
And yes I'm sitting on quite a considerable loss too at the moment...Although I'm not that many percentage points away from breakeven..Just need one really good day. Well preferrably many in a row off course.
I'm avaraging down, but that means my positions are getting bigger and bigger and any big shock now will not be pretty.
The biggest negative I'm aware of with Cine is it's huge debt load, but everyone else is in debt and surely it looks better for Cine than many other of these massively indebted companies.
Cine can make money all year, they just need to be allowed to stay open and have restrictions removed. I worked for airlines for many years, to me they and the travel sector are in a much worse a sitation than Cine..
Anyway, fingers crossed, need some positive headlines soon on infections going down by a lot, although as many have said, the US is the bigger market but it seems that whatever happens there has no impact on Cine oddly, only what happens here even though the UK market is so much smaller...
Agree with the sentiment of being frustrated.
At 85p I need a 13% raise to just break even.
As the SP seems to drop a percentage point most days and then after a modest rise falls back on itself I'm very doubtful that even when the new 'freedom' day arrives, this is not going to jump by 11p.
So it's a waiting game, sell and reinvest funds elsewhere and swallow the loss. Or hold with hope and belief. I'll hold for a couple more months to see if even small daily gains can be held.
I'm a huge fan of Cine, but this is an investment of my hard earned cash, currently it could be working harder elsewhere, but that's life.
Good luck all.
@Algypan
We are all pretty frustrated, none more so than me. I sold my AMC shares in March to buy into Cine, and now AMC is @ $60 ffs! Gutted doesn’t even come close.
Atm, I’m down on cine by a considerable amount, it’s not a loss until you sell. I try not to look at the sp, but it’s a bit like rubber necking at a car crash.
I’m trying to stay upbeat, but I may have to sell some of my other positions to average down and get out. I like to think we will be back north of £1 and with recent good news of opening up hasn’t lifted the sp, it’s done quite the opposite.
We can only hope for a cold and wet summer, that will get more people one the cinemas
GLA
@cruis as I said people moving on to streaming plus it summer most young people prefer to be in a pub or in a park? older people and family will not want to an in an enclosed area due to pandemic...
Must be bin day, lot of garbage talk of rubbish ;-)
Absolute rubbish, at the moment they can’t even fill cinema screens.
@Algypan you live and learn. I have a lot of shares in CINE and hindsight would have suggested I was better off investing in other stocks but no one knew that once the cinemas opened we would be in this situation. If you are able to then hold until 'freedom day' as there are some strong film release lined up later in the year
Wish I'd never brought this garbage
The SP will only start moving positive once the cinemas are allowed to fill galleries at 100% capacity.
Looking back at the 5 year trend for cinema income, it’s was pretty much consistent and doing just fine before the pandemic struck otherwise they wouldn’t have considered a takeover of Cineplex.
It’s a waiting game with with many businesses who are now in recovery mode.
@town99 I believe a lot of investors believe the cinema market will not progress. market move on to streaming, pandemic lingering around. Cineworld massive debt. if you invested in iron ore, oil, bank sector you made more money than cine world last 3 months. just a better investment opportunity out there than cine world
A lot of you guys maybe are young investors who love going to the cinema to watch your favorite movie. I understand your support for the cinema. i still have a bit of investment in cineworld. but I don't expect much return from it. hey, I'm a movie lover too.
Why does Cineworld trade in such low volumes when it is one of, if not the largest cinema chain in the world?!
I've held this stock for ages, perhaps too long, and the price movements on a day to day basis are almost identical.
Getting bored, someone give me motivation!