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Like any business, they will look at the books and find out which are non-profit, these will close down. This will streamline the business and make it more profitable. Not all venues will be non-profitable. Simply put but thats what theyll do. (Drain the swamp)
Andy111...Shares down 10 per cent on opening….as expected
When it Blue it means it up buddy. NOT down...You're welcome
Who start that post on Friday.
Well done! You ware correct.
Media bull AGAIN.
Buys, buys buys. All shorts getting burnt this morning. Got to feel for them.
Shorters in trouble this morning. I should imagine theyll be desperate to buy themselves out of this holes theyre in.
i feel sorry for the sellers on friday afternoon.
Where does it say possible bankrupcy? surely they'd of been aware 2 days ago.
Consequently, the Group has been taking proactive steps to ensure it has the balance sheet strength and flexibility to adapt to market conditions. This includes significant previously disclosed operational and financial initiatives to manage costs and enhance liquidity. The Group believes these steps are required to optimize its ability to maximize enterprise value as part of the recovery in the cinema industry.
In connection with these initiatives, the Group remains in active discussions with various stakeholders and is evaluating various strategic options to both obtain additional liquidity and potentially restructure its balance sheet through a comprehensive deleveraging transaction. Any deleveraging transaction will likely result in very significant dilution of existing equity interests in Cineworld.
The Group's business operations are expected to remain unaffected by these efforts and Cineworld expects to continue to meet its ongoing business counterparty obligations. Cineworld continues to welcome guests to its cinemas across its global markets as normal, without disruption.
Poorly worded RNS has made the the sale much more enticing. lets see what happens from here.
28.5p sell price atm, lets see where this finishes. I hazard a guess it won't be at this price for long.
Poorly written RNS but this doesn't deserve a 35% decline.
This will climb when investors realise.
MM's colect a few shares ready to sell of a lot higher in an hour. sell 9.59p atm, lets see what the buy is in 1 hour from now.
Wait to these guys wake up, they love the cinema. It's a fashionable share in the U.S
Wait to these guys wake up, they look the cinema. It's a fashionable share in the U.S
Yesterday....U.S market opened at $0.12 and it dropped to $0.1p (End of our day at 8p} it went up to $0.1225 which equates to 10p and finished
our market finished down 60%, U.S market was down 62% but has climbed back to 45% down.
If this converts to the U.K Market it will open at 10p+
GLA.
Cruis1
Strange, i've never made negative comments about stock i'm invested in. No matter how bitter I feel.
To me it shows a personality disorder. Why not sell up, get out and don't look back.
Good luck with your future investments.
So, youre not invested and have no plans to. You must be a saint then, here purely as a selfless act. I bow to you for letting us know that Cineworld isn't doing well.
Thanks Cruis1, I salute you sir.
Cruis1
Trying to get in cheap?
U.S market opened at $0.12 and it drop to $0.1p (When 8p here) its now up to $0.1225 which equates to 10p.
our market finished down 60%, U.S market was down 62% but has climbed back to 45% down.
If this convert to the U.K Market it will open at 10p+
GLA.