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They sold 0.93% of their total holdings. Thats a big chunk
@banker2 can you show us a picture as evidence? ;)
Market conditions and macroeconomic environment was different at that moment in time.
Past performance is never an indicator of future performance.
Two sides to every investment. We're here to debate the good and bad about stocks.
But wishing death on someone has no place on this forum or anywhere as a matter of fact. I will also be reporting you for inciting harm and murder.
Knowledge sharing. There are two sides to every investment, and no doubt there are like-minded people on here who share my views.
I do have an intention of buying Cineworld when the market timing is better.
Just to add, cineworld have a Debt/Equity ratio of 2.6 which is extremely high. That means they are using £2.60 of debt for every £1 of equity. Frightening tbh.
https://www.tradingview.com/symbols/LSE-CINE/
Extremely high. Between March 2020 and March 2021, it will only get about 2 months worth of light revenue. It's burning cash.
@Hopin says alot about your character when you wish death on someone. They need to lock you up and throw away the key.
Is there a rule somewhere that says I need to be invested in a stock to write an opinion about it?
There are other people on here that share my views. Two sides to every investment
Unfortunately for you, I'm in the green buddy. Too soon to be investing in these beaten down leisure stocks
Nice username, do you just spend your like posting in this forum praying and hoping that your fallen stocks rise? Lol.
*would not go bankrupt
@M00la its naive to think just because a company has been around a long time, that it would go bankrupt. Global markets are expecting big bankruptcies to begin as of Q3 2020.
The own goal is going to be when Cineworld goes bankrupt.
Like Cirque du Soleil who staved off bankruptcy by firing 95% of their employees - https://www.bbc.co.uk/news/business-53221516
There are hundreds of thousands of companies on the global stock market, why anyone would invest vast sums on a company with no revenue for the forseeable future is beyond me.
I can understand a small bet, but alot of people here seem to be sinking tens of thousands in.
If Cineworld was such a good beaten down stock, you'd get hedge funds or big investors rushing in to snap it up Warren Buffett style.
Instead investors are simply increasing their short positions.
It's a no brainer.
Cinema's are the hardest business out of airlines, gyms, pubs & hotels (i.e. leisure sector).
With gyms they are booking people into slots.
With pubs they are utilising outdoor space and making safe spaces.
With airlines, there is no substitute so consumers needing to travel have no real alternative, plus they have advanced air filtration systems.
With hotels, they are doing constant deep cleaning, new bed linen etc. and visitors can do their own deep clean before settling into the room. They can also leave rooms empty for 24-48 hours between guests.
Furthermore, gyms have been moving their classes online. Pubs have been delivering booze to homes. With Cinema you can't move it online - we've seen how poorly Netflix performed last week.
With cinema's you can't really do anything of these things. Sure people will sit spread out a bit, but sitting in a confined space for 2 hours isn't Covid friendly.
And to add, between mid-September to March 2021, Cineworld will be have next to no revenue again. Just pure cash burn.
They will have to dilute shares or get large loans.
And another huge negative for Cineworld is that no organisation would buy out the company as it's bricks n mortar.
Too many people on this forum are looking at this stock on a day by day, or week by week basis. It really is quite hilarious.
No vaccine = no business. This goes for every company with bricks n mortar. As I've said on this forum before, until a vaccine is found this will continue dropping.
Cinemas are currently performing even WORSE than airlines finally, because airlines are at least operating at a decent capacity again (circa 40-50%).
Cineworld has been burning cash for 4 months now. It will have only 6 weeks of light business between August-mid September, after which a 2nd wave will hit and they'll have to shut doors again. And even if they dont shut doors, nobody will go to the cinema with a 2nd wave in progress.
I have a small position in Easyjet. I also agree that the share price is over-valued at the moment. Largely because nobody truly has any idea when operations will return to some degree of normality.
The company has low debt and decent technicals (in the realm of airlines), but it would be foolish to think this can't drop more. Struggling to see much upside.
I also have some Ryanair, but no IAG as they're a total mess!