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I appreciate your comment Bonkers and I understand your point, my comment though was made because of those who continue to put hugely negative comments on the chat, I like many know that Cineworld are in having huge difficulties but are trying to overcome them in the best way they can, I think that unless people have been living on a deserted island for the past 2 years then most of us will know that Covid has savaged many businesses, huge parts of the world are in deep rescission, recovery will never be easy and it could take years for businesses to recover, there will not be a quick turnaround for many but if once again that word if is used and a good working structure can be put into place then it will be about time, where these businesses could recover...2021 and 2022 have impacted all the sectors that were forced to close their premises because of covid...these companies would have no income coming in, they would be unable to pay creditors sure their debt is going to get bigger so when the time has come round when they can fully operate again there has to be a plan in place so that they can make that recovery. It isn't all about shareholders that companies have to consider, they have a duty of care they must have for all their employees whose lives have changed drastically from the fall out of covid, I would suggest that if you asked some of those employees who rely and need a wage coming into their homes would they like their employers to fail and by that fail them, then the rescission will never go away, so I live in the hope that not only Cineworld can turnaround its woes but any business that decides to pull its sleeves up and battle to stay out there every success in how they try to reach that ultimate goal....but by doing that they have to remain positive till the very end...
Only if you look back to over 230 posts in the chat you will see some of those who have nothing good to say about the shares had very different opinions back then and unfortunately that is there for all to see as they have not been removed.....
Once again looked through the chat and maybe I might have this wrong but If all what I call the negative people that post on here about Cineworld are either 2 things, firstly the ones that got massively stung when these shares were over 30p plus, hence why they never have anything positive to say about Cineworld and secondly which maybe more important is those who continue to drub Cineworld as if they are trying to dissuade people from buying shares in Cineworld...which actually is down to an individual choice...so much reference about how people surmise how things will pan out but in real terms they are only speculating. It might not be a relevant fact but if people are selling their shares in Cineworld then people are actually buying those shares from them, whilst the, who are panicking continue to sell, there are plenty of others more than happy to pick them up....
Monday and once again the knowledgeable are doing their upmost to dilute any interest people may have in Cineworld Shares, question here is how do we know the knowledgeable are actually that.....the sceptics form opinions and then posts the information they want people to believe they know. Spreading negativity as they do is an understatement in fact if negativity was a share you could buy, nobody would go anywhere near them....famous last words are " well I told you so"....don't buy them...they are doomed....and so on and so on....Cineworld are buying time, they are still paying their staff wages and not threating redundancies... admirable...looking for a way out of their troubles, hopefully to keep everyone's best interest at heart...they may well fall off a cliff...but you can back a fighter whilst they are still fighting...he may well be getting pummelled but one punch can change events...even a lucky punch...but it doesn't have to be a lucky punch...it may well be part of the plan to say "just when you thought you had me". Well I'm still here and I'm not done for yet....and you haven't won yet....now that's what you call positivity.....
woke up this morning 6.2p a share, I thought hey hey we are back on our way again dropped back a penny since then so maybe not going to be going too far....Have been positive regarding these shares as for all those with money tied up in shares realistically nobody can get any enjoyment when people lose their money...a big rollercoaster Cineworld but there are still people queuing up for the ride....and for as long as there is a queue...well the ride will keep going...
I am always intrigued by the comments made regarding Cineworld, not saying that anything written is fact or fiction even though I have doubts on both counts, trying to work out or surmise how Mooky is playing his hand is like predicting the lottery numbers on a Saturday night. He if anything is extremely astute and for want of the increased speculation on what he may or may not do is quite simply all irrelevant as only his team of people that he surrounds himself with will possibly know which way his mind is thinking. for Cineworld to go down the pan then there is no winners not even the creditors as they will only get a portion of what they have leant the business. Interesting fact is that they continue to operate and none of the staff he employs some 25,000 have been made redundant. Which if you are trying to reduce your outlays is usually a route businesses go down. The current SP is where the speculation remains will it go up or go down. Even today it becomes a decision on whether you want to get your feet wet by dipping into the water. New investors will always have a different opinion on what is posted on the forum as they have very little to lose, and as we all know the shares markets are always a gamble. Unfortunately the scorn that is posted regarding these shares is possibly coming from those who have piled their money into them already or if that isn't the case and they are highlighting all the risks involved then that too becomes an individuals decision on what they do and how they invest their money. For me in retrospect of what ever happens you are either in or your out, if you are out then why are the negatives written about Cineworld....if you are in then it will depend on what you are actually in for and how much you have invested, where you have already calculated what your losses may be so you know if you can take that hit. Everyone is aware about the Chapter 11 and the risks involved but 2.5p for anyone thinking of investing their cash into Cineworld is not going to be a hugely expensive risk. Though that is down to their choice whether to take that risk...the politics around Cineworld will go on for a long time...but over the past 3 weeks the SP has been around 2.34p - 2.68p which is if anything holding its current price...maybe that is what makes Cineworld appealing to prospective investors.
I think this is a valid point, there are some major film releases over the next 7 which may have a short term rise in the SP price ,notice there is no If in that bit, so the value at 2.6p is dependant on those releases which is going to happen....it is at the point when selling becomes an option or based on the 2.6p and the possibility of a dilution your loss is still a loss but only a proportional one. I think your comment is a valid statement although I think 2.6p represents fair value as the situation regarding Cineworlds future is still unclear to all who have money tied up in them....I wouldn't have wanted to be in these shares at 60p all the way down to 5p but and there is a but 2.6p - 5p is not out of the question over the next 7-8 weeks once again there isn't an if in that. it comes down to who knows ?
I think regarding your comment Cineworld it shows exactly what I was talking about and back on the 30th September in your own words " Sold. I am out. Might be back after the dilution." which kind of contradicts your reply....
last week on Friday the SP was 2.700 a week later and it is looking like 2.550...there has been a lot of positives and a lot of negatives regarding Cineworld this week but the underlying fact is they are still holding their own. True the odds are stacked against them but I glanced at the top 350 shares on the FT Index today and over the past 6 months most of these shares have dipped some 33% but some are 66-75%, point here is that in nearly all sectors of the markets companies are all facing huge financial battles...you could invest your money in high end shares but could also face similar types of losses if the gambling investors this is purely an example bought 100,000 shares in Cineworld today it would cost them £2600 where you could have bought these 6 months ago at a costs of £60,000 so big loss there and even if you wait for some divine intervention you may be waiting a long time to recuperate these losses, whenever you decided to bail on these shares, that then raises a question did you bail...this maybe a reason for why so many are just unforgiving in their comments regarding these shares....2.6p a share for a company that has been given time to restructure its finances and agree debt repayments to its creditors still gives it a fighting chance of getting through it's current situation....as I have seen a lot on the chat there are so many if's about Cineworld, but there are equally as many if's around a vast amount of companies floated on the stock market...whose shares have also plummeted over the past 6 months...and looking through their chat pages there is a similar pattern on them as there is on this one....unless any of the people on these chats have sat in the boardrooms of these companies being able to get the information that is alleged to have come out of these such meetings that take place then It is pretty sure that so many assumptions take place...not facts..as very few will be able to get hold of the true facts....
Avatar 2 release date 16th December the first film grossed $2 billion. Maybe Cineworld pinning a lot of hope around this film, running Avatar 1 again in cinemas now. Perhaps this film alone provides some form of lifeline also not taking into account other massive film releases between now and Christmas 3p a share does seem to be a snip even with all the companies troubles. maybe a reason for the buying out weighing the selling.
Forgive me for maybe not grasping the market situation regarding Cineworld I still have monitored this week more buys then sells this week, what I am unclear about is when the shrewd investor chooses to bail at 2.7 a share when they could have recovered some of their losses at possibly 3.5p-4.5p over the last 2 weeks, once again the information from the company is dragging the share price down which is a red flag but the shares are continuing to be bought up. This here is where I don't understand the reasoning for this, I don't in any way want to poor scorn on anything that has been posted by more astute people....but on both points I have raised there seems to be a conflict of interest by the seller and the buyer and to why how much the seller is choosing to lose money. this because if the buyer is buying at less than 3p a share they have less to lose. if the company is dead in the water which is the consensus of opinion on the chat on both points mentioned it kind of baffles me.
New to buying shares considered buying some Cineworld shares as when I looked at these 2 years ago they were at 19p they have had lots of highs and by the looks of things a lot of lows would anyone recommend...