I sold pantheon at 41p. I sold AMC at $ 2.80. I waited for Cineworld to drop to 70p .... and now its stuck aroubd 40p. I waded into Card at 80p and it decided to dive downwards. Im grateful for getting out of Bahamas Petroleum with 70% loss as its now worth 1% if i had stayed
cant see that at all on long term charts
https://www.google.com/search?q=gkp+share+price&oq=gkpshare&aqs=chrome.1.69i57j0i10i131i433j0i10l8.3696j1j15&sourceid=chrome&ie=UTF-8
AMC valued at 8 billion. Cinemark valued at 2 billion. Cineworld valued at 500 million. LOL Motley fool is 35% to blame
4.6 billion dollars debt on around 1 billion ebidta pre covid is do able. companies like Vodafone, Verizon, Bt etc have shocking amounts of debt. It is very common
On a personal note, i have sold all my smaller holdings and now am long on Card, Cineworld and Canada overseas petroleum. I wont sell my Cineworld at a loss this time. Will try to resist the temptation to pile all in to COPL.
sorry if this has been covered...
“From a strategic point of view, Cineworld is in a pretty good position even though they are facing this huge judgment,” said one lender to the company.
That is because if Cineworld were pushed into bankruptcy by the damages, Cineplex would be near the back of the queue of creditors to be paid, multiple lenders told the Financial Times.
The group’s debt pile stood at $4.6bn at the end of June 2021, according to its most recent filings
https://www.ft.com/content/949af51b-7807-41c6-a895-223519dfa221
The charges were very high on HL. They didnt seem to care about anyone with less than 10k when you contacted them. Their reliance on phone communication was a pain but 212 have out of date market cap info on companies. I like to be more in controlso to speak though with shares that seems wishful thinking in the grand scheme of things.
Like Obi wan Kanobi, this share is perhaps my last hope. I have given up on my holdings in Cineworld and even Card Factory to evven get out at break even. FOMO is hard to fight against when you are of limited means. there seems to be low olumes today. Need encouragement to stay the course.
I and many others had a terrible experience with Bahamas. The hype around its Bahamas site was loud and the CEO would give positive speeches about the huge potential of possible oil find. I, desperate for a life changing share price increase, invested 10k of which i barely managed to extract around 3k. Many others held on to the bitter end with greater % losses. The news of a duster hit over the weekend which left a stampede for the exits from 8am onwards. stop losses seemed pointless. This seems different but can it be dud also?
sorry, last post was not clear. I saw this on Hargreaves site regarding COPL and was wondering what it meant? Also it has the following under the name of the share: NPV (DI) Post split
Price Monitoring Extension
The auction call period has been extended in this security by 5 minutes.
Auction call extensions give London Stock Exchange electronic order book users a further opportunity to review the prices and sizes of orders entered in an individual security's auction call before the execution occurs. A price monitoring extension is activated when the matching process would have otherwise resulted in an execution price that is a pre-determined percentage above or below the price of the most recent automated execution today.
The applicable percentage is set by reference to a security's Millennium Exchange sector. This is set out in the Sector Breakdown tab of the Parameters document at
Can someone kindly explain what this means....
Price Monitoring Extension
The auction call period has been extended in this security by 5 minutes.
Auction call extensions give London Stock Exchange electronic order book users a further opportunity to review the prices and sizes of orders entered in an individual security's auction call before the execution occurs. A price monitoring extension is activated when the matching process would have otherwise resulted in an execution price that is a pre-determined percentage above or below the price of the most recent automated execution today.
The applicable percentage is set by reference to a security's Millennium Exchange sector. This is set out in the Sector Breakdown tab of the Parameters document at
https://www.asktraders.com/analysis/cineworld-shares-edged-lower-on-morgan-stanley-downgrade-whats-next/
This was the article
"The company has other debts worth £3.5 billion "
When people use the figure of around 8 billion dollars they are including lease liabilities. playing around with data to suit their purpose.
"However, the company still has a few options that it could exploit to improve its financial position, including the listing of its US theatre chain operating under the Regal cinemas brand.
Such a listing would unlock significant revenues for the firm that it could use to repay some of its outstanding debts and boost its balance sheet.
Another option for Cineworld lies in its appeal of the Superior Court’s ruling, which it could win, thus removing the burden of paying Cineplex. However, the appeal could take over a year before it is determined. Hence, investors have to be patient.
On a positive note, Cineworld’s management team owns a significant portion of its outstanding shares. Therefore, they would do everything to avoid liquidating the company since they would be the biggest losers."
I am sharing this to counter a lot of what has been posted over the lst few weeks and beyond.