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So, you're saying Cine is down because of Will Smith's slap?
Then why is AMC up over 27% today?
27% for a slap, what would it be if he's thumped the tw*t!!
Pig
So why are both AMC & Cinemark both up pre-market in the US then?
Will Smith my **se!
Pig
It's an end of day/week book balancing excercise Adam
Please see.....
https://www.shiftingshares.com/what-is-an-uncrossing-trade/
Pig
Yes, you see this is exactly it Aim (& others)
Basically, i look at the quality of what people post. Number ONE question i ask myself...
"do their comments aid me in my investment decisions?"
When the answer is 'no', then they go into green coffins with the lid firmly nailed on.
It's just my way
Pig
...& another for the green coffin
Bye.......
Pig
H1 has typically been reported in August, but yes we should have some 'pointers' before then.
As results from Cinemark & AMC were broadly similar to ours, their respective H1's will be a guide too.
The headwind of the court case should surely be behind us also by H1.
Thanks to all on here who post quality comments (they should know who they are)
Most of the 'one line wonder boy's' are safely tucked away in green coffins.
Piggy
@huss, bonk, TS,
Serious question here. If Cine had revenue of £4.4 billion in year up to 31 Dec 2019, why would they not be able to pay off some debt once that revenue returns? I know Revenue is being very basic & maybe you'll point me to FCF, Ebitda, cost of revenue etc but it's a huge amount of cash coming in. Perhaps each investor in Cine here should ask themselves "will the revenue return?" If folks answer no, then maybe best strategy to sell up & move on to something else.
With a silly market cap of £473m, a turnover of 9 - 10 times this seems daft. Recent 2021 results showed H2 revenue at £1.8bn. Project that forward to 2022 & maybe £3.6 to £4 billion.
Pig's view? Revenue will return. Eventually. With the 2022 slate, i see the numbers starting to look much better at H1 results. Before we get to H1 we will surely have court/insurance cases behind us.
Pig
@joteller, don't be upset, please
But if you can't think of something more intelligent to type you'll end up in a green coffin mate
Raise your game!
Pig
Nice post RS; 10 thumbs & counting.
Like i've said before on here, too many folks with 'slot machine' strategy to investing.
Do your research, have some faith in it & come back in a month or so. Cine took in £4.4bn of revenue pre Covid in 2018. Will we get back to that level? Of course, but it will take time. Micro analysing the stock price is pointless.
Patience is needed.
Well, that's the Pig's view anyway
Pig
@joteller..."6th Nov 2020 to 27th Nov 2020 price rises 84%"
More recently from 18 July to 15 Aug last year the SP went from 33p to 49p; 48% increase over 20 trading day's.
For me, it's all about having patience & waiting
Pig
Some good comments & info on here today. CPI is my largest holding within my ISA. I have a break even stock price of 32p.
May be tempted to top up again at sub 20p to bring my holding to 100,000 shares, as i really feel the company is turning the corner. That would drag my average down to circ28p with every penny rise over that netting me £1,000 profit. We traded between 45 & 50 for a good while last year. At 50p that gives me a £22k return. A market cap of just £347m is too low in my view. Others may have oposing views, that's fine.
My other 'recovery' play is Cine. Another company turning the corner.
Have also accumilated Lgen recently & hope to sell on the run up to forthcoming XD. Or keep, as the divi is a big one.
Then i hold Coin & Meta(facebook)
Pig
I repeat myself. The whole presentation of FY results was for the benefit of the 3 judges. They hold the power to sink Cine or not, in my view. It's in nobodys interest to bankrupt the company. I note also in Mooky's interview he wants the Court decision 'reversed, not reduced'. Do your research & have some faith in it. Or just move on.
We keep comparing current figures to 2019, which saw a record breaking year. I don't think this is making fair comparison. We have to give this turnaround more time. Cineworld had only just got up to speed with the Regal takeover when the whole industry was thrust into a global pandemic. But up to that point it was going well.
Some people these day's want instant results. Recovery plays are not like that.
Best thing for you folks is a slot maching or maybe a punt on the gee gees at Willy Hills.
That's just the Pig's view
Piggy
Short buyer reducing/closing? It's a huge amount
Folks who don't already know can keep up with current short positions on shorttracker.co.uk
Pig
Yes, not much movement today. But those who bought 8 trading day's ago @ 30p could have sold today at a 25% return
May be a slow but steady rise with this as traders cash in on speculative punts.
Plus some more downward pressure on SP as those who have averaged down on several occasions choose to sell those individual buy's as they break even, so to reduce exposure.
I could understand that as i myself am more into Cine than i wanted at the offset.
Best policy is to go off & look at other stuff and come back in a month or so. Micro analysing the SP is pointless.
Good weekend all
Back Monday
Piggy
Many thanks BB, for me, a great read. I note Mooky speaks of 'reversing the decision' by the Canadian Court. As opposed to, perhaps, a reduction.
Also, "2022 could reach 85% of the record-breaking domestic levels seen in 2019"
So we are comparing all current numbers to those of record breaking 2019. That seems a little unfair. To come through all we've been through & then make comparisons with a record breaking year.
If it takes 2 - 3 years to get back to those figures i'll be happy with that.
Still a long hold here for me.
Looking forward to H1 results already
Pig
So, personally, i will be watching for more K2 shorts closing.
On another note, was anything mentioned with regard to a US listing? Mooky has previously mentioned this.
Sorry if i missed it
Pig
Have posted this before but not had a lot of comment. But do folks realise that K2 have, over the last month, reduced their short from 1.77% to 1.14%
Please remember K2 are a Canadian company that took out a sizeable short on Cine immediatly prior to a Canadian Court's decision against us. It doesn't smell, it stinks. I say that K2 have a mole, and that mole said to them 'the appeal may go well for cine'. May. Enough for them to reduce. Otherwise why? Why reduce?
Again, it's just the Pig's view
Pig
Nice posts today, better than yesterday's rubbish.
Personally i'm holding for however long it takes. I think yesterday's presentation was for the benefit of the 3 Judges who, lets face it, hold the future of our company in their hands.
So, was Mooky supposed to come out and say to us all that things are going great? That would be the last picture he would want to paint for the Judges. The poor fella can't do right for doing wrong. Folks come on here and talk about the huge slate, Cineworld Day success, rising numbers etc. Have some belief. AMC reported the other week too. Massive turnaround in Q4, and thats mainly in the US, where we make 75% of our money.
My view is now is not the time to sell at huge losses. You've lost nothing until you sell.
Cine remains my second largest holding after Capita; which is also going through the process of a turnaround.
Just my view, others may dissagree
Pig
Was just the same over on Capita board last week TS when results announced.....
Pig
Welcome Styvow, good to have you here
Piggy