Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Have i got this correct with my sums?
XD today for circ£1.12p ($1.50) a share
So you would expect the stock price to drop in proportion to that divi. Off 137p as i type.
If i take the divi from that it's just a 25p drop
If i'm right that doesn't seem too bad
Prepared to be corrected
Pig
Interesting points beta,
Am convinced myself that Mooky and anyone short on Cine will be looking at the respective announced results in detail.
It may give some steer as to what is to come on the 17th March
Pig
@Hex.....so, i assume the same up to date Box Office & Concessions revenue is available for Cinemark & AMC?
Therefore their respective stock prices should not move in reaction to released results, you say.
CNK are trading at c$17 with AMC at c$16 respectivly.
Purely as a theoretical excercise it will be interesting, to me anyhow, to see if the stock price moves as a reaction to announced results. Shouldn't do if the results are already known before announcement.
Have added both to my Watchlist & will be waiting for Friday & Monday next
Piggy
@bet....
I also mentioned that AMC report on Full Year results on Tuesday 1st March. The worlds largest cinema chain & our main competitor in the US.
Someone commented it was pretty errelivant, i had to dissagree.
Very important numbers from both chains i believe & could move market sentiment here.....
Pig
lossgain,
"Short positions a little higher from previous weeks whats behind their motives."
Where are you getting your info on short positions please?
Shorttracker only lists Marshall Wace at 0.9%
I assume as only shorts held above 0.5% are recorded, there could be many more at 0.49% or less.....
Pig
No, enough of these now for me; hunker down & await results day. Same with my Cine.....
Am accumilating Coinbase & have picked up some more @ $175. Wanted some exposure to the Crypto market.
Same with Meta; waiting for $200 there
Good luck all
Piggy
I had circ£7k & increased at 29.78p for another £10k, as thought i had hit the bottom.
Break even c33p; about £500/penny over that.
Thanks to Ian for his possitive comments
Pig
@canetoad,
can i ask, how will you be able to determine whether shorts have been closed?
Only those above 0.5% are recorded on Shortracker.
Genuine question
Piggy
So, some possibly great FY results from the largest cinema operator on the planet won't be good for the second largest, Cineworld? Respectfully disagree there.
Anyway, i will take anything that haises the SP as my break even is still 30p away at 68p....
Pig
For those unaware...
AMC Entertainment Holdings, Inc. (NYSE:AMC) (“AMC” or “the Company”), the largest theatrical exhibition company in the world, announced today that it will report its results for the fourth quarter and year ended December 31, 2021, after the market closes on Tuesday, March 1, 2022.
.....a week tomorrow. I feel this will give us here some idea of bums on seats over in the US, where 75%+ of Cine revenue comes from. Good numbers may get us back over the 40p level again, or even higher.
Fingers crossed, deep in the red with these.
Piggy
Agree with all you say JG, my position is very similar. Am in the red here & also Cine; both are my 'recovery' plays.
My other holdings are fairing a little better. BHP currently 25% up. Recently bought into LGEN as think the SP will rise over next month on run up to bumper dividend.
To complete my p/f i have a smaller amount in Coinbase & Meta (formally Facebook)
Cpi & Cine form circ65% of my ISA p/f; probably more than i am comfortable with if i was honest. But ISA fund is only 35% invested, with the rest in cash. Both companies report on 17 Mar(?). Recently bought another 33,000 shares in CPi @ 29.78
to reduce my break even to c33p. But, if the SP rises to, say, 31p i may sell off for a quick profit & to reduce my risk on results day. Basically, iv'e got myself in too deep here!
I agree with Ian, that results will be good. But it's not a given the SP will rise.
All in my view
Piggy
True.....but also on 1 June '15 the SP stood at 800p
& it paid an annual dividend of circ30p
So, someone could argue that a hell of a lot of bad news is already in the SP of six bob....(30p)
Piggy
Have just been doing a little more digging so thought i would post thoughts on here for comment.
Looking at the chart the SP was down at, near where we are now, 33p on 18 July. Then within 20 trading day's it had risen to 50p. That's a near 55% increase. Was that because of some particularly good news at the time?
So it bobbed about somewhat at the 50p mark until on 30 Sept Marshall Wace LLP increased their Short to over the 0.5% threshold. They have steadilly increased this position so it now stands at 0.9%; last increase 16 Feb.
So has that Short position taken the SP back to where we are now? Even after the good news we've had or soon expect?
Furthermore does this mean that the SP, wherever it may be, is a reflection of the Short activity & not the performance of the company via news & results.
Sorry if i have got any of this incorrect & please correct me if so
Piggy
Thank's very much for that response Ian.
Am sure you are quite correct, but what concerns me is even if the results are as you suggest, how the market will react.
Have held these as a recovery play for a little while now & remember they traded in the 45 & 50p range. Then pow, all of a sudden my paper profit evaporated & turned to a loss.
So, to me, it's not just a call on how the results will be, but how the market reacts.
Piggy
FEAR (at al),
The way i see it with my £10k purchase @ 29.7875p yesterday i need 0.18p to break even; so that's anything over 29.97p puts me into profit. Am fairly happy with that.
Or if i use this to reduce my break even price for all my Cpi shares, that reduces from 37p to circ32/33p
With a total holding of c53,000 shares. So that's £530 a penny rise (or fall). Chart shows 38p on 12 Jan, 47p on 8 Dec.
I guess with 18 trading day's remaining until results on 17 Mar I will have time to decide which way to go.
Of course the SP may fall further then my decision is made for me & i'm a passenger.
Piggy
....took the plunge. Don't usually comment on here but enjoy others thoughts. Bought into these a little while back with £7k of ISA money. My average is 37p. But, like some others, i have been getting ever more frustrated.
So earlier today i set a Limit Order with my Broker (iWeb) @ 29.80p for £10k
Never thought it would get near it but i was wrong. 33,387 shares @ 29.7875p.
So now i either use that to average down my total holding, or treat it as a seperate trade & possibly sell into any rally leading up to results on 17 Mar.
.....assuming the SP does actually go up!!
Pig
Blue,
i could say the same with my Cine shares.
Awaiting results on same day as Cpi
Pig
Thankyou time
Pig
Link to weekend Mooky article if anyone would please
Pig