And all of that is your opinion and its valid but a lot on here disagree with that. I personally believe that Mooky and his family want their $1 billion investment back and will do whatever they can to keep it! Going into administration and letting the creditors take over will not help them achieve that! This is a sound business and has been for a number of years prior to covid! The only reason they are in this position is because of Covid and the delay in Hollywood releasing blockbusters has meant they have been slow to return to profit! We can all see that in 2023 there are a number of blockbusters being released which should help Cineworld get back to the $4.5 billion turnover of 2019! I think that the debt will be restructured as they can prove going forward that they will start to make good money again and will easily be able to service debt!
I personally think there are a few people like yourself that are waiting for 4.5p. In my opinion I cannot see that happening again. The only reason for the drop on Friday was Day traders and other investors taking profits for the week! So, they sold out which made the SP drop.
They spent about £70m on advertising alone last year and have a customer base of 2 million so yes I agree at these prices this would be a steal! And to my knowledge no debt! Just supplier costs!
RE: Cine is NOT a penny stock - that needs correcting.5 Sep 2022 09:09
MMs are trying to drive this down to get in at better prices! I think too many investors are in at 5/6p now and want to see profit! I doubt they will sell below 7.5p after last weeks rises! GLA
RE: Cine is NOT a penny stock - that needs correcting.5 Sep 2022 08:56
I am also guessing the investors who were scared off on Friday will be back early doors! Hopefully they can get back in at a decent price! These De rampers need to stop with the rubbish of suspension every Friday! They have already cost people alot of money by saying this will be 1p and bust weeks ago!