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He's still wingin' it, like all his investments
Rights issue is definitely on the cards here. It will be the only way to save the business without going bankrupt.
If there is a share dilution, the price would drop another 20-30%.
Based on what non-existent materially positive information?
There's been a few days recently where the SP dropped 5-12% in 1 day. After the trading update, this could drop as much as 20-25% in 1 day very easily.
Just an FYI - not all short positions are reportable to the LSE or FCA. It only needs to be made public if you exceed 0.5%.
It's highly likely that the short positions are much HIGHER than what is publically stated, given that 0.5% is a sizeable chunk of a companies market capitalisation.
If you look at the graph its on a downward trend. Peaks are getting smaller and there is no material positive news to give it upside. It will continue trickling down, until covid is solved.
Just bought more at 307p. Hopefully it will turn out to be a good decision
Ex-div date is 6th august, with a huge £0.12 dividend! Any ideas?
It's cheap for a reason. That reason being, it could go bankrupt.
There is a realistic chance that this could go as low as 10-20p. Unfortunately, it will just keep dropping until there is a fully approved vaccine. And even then not everyone wants to take the vaccine, and the distribution of the vaccine will take a long time.
Not surprising at all. I've said countless times on here, there is ZERO correlation between opening the doors and the share price.
@M00la, I'm long on many other stocks so your hypothesis is incorrect.
Following the stock so that I can buy at rock bottom (as long as it doesn't go bankrupt), as the upside is huge. But is wholly dependent on a vaccine or therapeutics.
All of you have been saying the SP is gonna go up, and me and Shorterguy have been saying it's going to go down.
Lo' n behold the SP is going down. Not rocket science lads
CINE is currently one of the most shorted stocks in the FTSE. Betting against an army of asset managers and hedge funds is hardly smart now, is it?
35p by end of this week
If you think that opening the doors will increase the SP then you have absolutely zero knowledge about the mechanics of capital markets, and should not be investing your money in stocks and shares.
And yet the SP continues to decline.
There is zero correlation between Cineworld re-opening and the SP.
Investors will take a view (like us) based on the science. Depends on coronavirus.
Gotta remember that scientists dont know if the virus will be stronger in a 2nd wave and mutate into something worse. Too many unknowns
Question being, will long-term investors want to pump more money in given that they've probably lost vast sums owing to the pandemic.
This isn't a debate about cinema having a future. Of course cinema will be here for the future.
The question is whether you believe Cineworld as a company will be able to remain solvent in the current economic climate. The financial fundamentals are not looking good. If this coronavirus pandemic continues like this and a second wave emerges (and it looks like its already starting in some places), then there is a high probability that Cineworld could go bankrupt. Someone will buy the assets, and once the pandemic is over a new cinema brand will re-emerge.