Member Info for Cupid

Top slicing is fine until you miss the jump.

I’m just holding as feel month on month this will only go up due to recovering.

Assuming you are new to trading and in the UK, set up a share ISA first so the tax man can’t get your capital gains.

I got bitten too, bought into hype with missing the IPO. Massive learning curve which highlights inexperience. Happy to own up to that.

But, I bought with the hope a product comes to market and that hasn’t changed. Was willing to lose it all.

The only loss I have is either on paper or the opportunity to have got more shares for my initial investment. Even if I was up 250% I wouldn’t have sold, it’s just damaging to ones ego.

I’m up on my entire share ISA 80% this year. You can’t win them all.

Gutted I bought so high in fairness, I would top up, but don’t want to have too much in one share.

No good chasing the dragon :-)

In fairness, I put £8k in at a similar price and feel and idiot right now (on Friday obviously).

My first experience of trading such a new share and it’s a horrible learning curve.

I did buy to hold with the expectation a product will be available at end of year, but clearly I entered in at the wrong time.

I’ll now not mention this loss to the wife and will explain it’s a long to play ??

Bought £8k worth of shares.... Its a gamble, but the stock market has been kind to me this year so put some of the profits into CBX.

Bought this at 45p, been a great ride which I am holding on for a while.. £2 price point for me for when we open in several months time.

Joe Kenny - Your halfway to 25% in 2 days ??

Gutted I came out at £2.50, but I can’t fathom this pricing. It’s all speculation and assumes a March/April back to normal event.

This has more chance of a downside for a delay in opening / Winter lockdown IMO vs the potential back to normal upside.

Agree Carnival / Airlines / RR / Cinemas / restaurants have upside potential. This seems to have bucked the trend and performed way about anything similar in the leisure of industry. On no news.

That was a good post GB, my concern is, those assets are not worth that now and the big question is how much cash is needed and for how long.

MAB have two options. More debt or equity raising and I’m sure, equity will now be the focus points.

How much is needed to keep going? At the current price, the share is only a 40% discount vs 2 years ago and in the current climate, I don’t feel that’s right.

I’m not denying MAB are likely to see through this, but I can’t imagine profits will be anything like 2019 for a long while and with a lowering EPS ratio with increased shares, I’m struggling to work out this price.

Really happy to be educated though (I mean this genuinely).

Fully agree, how has it recovered half on the loss today.

MAB made £143m profit in 2019. £(55)m a month is being lost currently, we don’t know when the market will normalise and the share price is only down 35% vs sept 2019. This year, MAB could lose around 400-£500m. That wouldn’t be surprising.

If things go back to some form of normal, yes I expect a bounce in immediate revenue, but I also will imagine some people won’t go back to normal. Covid could be a long time issue, there is even murmurs lock downs in winter could happen end of 2021. Add to that working from home could be the norm for quite some time and major cities like London could have a major retrace. Companies may decide to reduce property holdings for staff as demand for office space is reduced.

Could they do a share issue to take advantage of those in a worse position, possibly. But that will be some time in the future as no one can dictate where we will be in 3 months.

I say this as someone who doesn’t use CFDs but buys shares. I can’t understand how this is holding up.

£50m a month expenditure with a mkt cap of £900m is a scary figure.

Certainly think there could be significant dilution and I’d imagine they will look to raise around £250m or so with the hope they still open in April with limited capacity.

If it drops around £1.50, May jump in, but a lot of risk on this.

I’ve jumped out again and sold my shares. Logic is I can envisage the announcement tomorrow has more chance of a downside, then a share price upside.

I’m guessing but aren’t we all.

I’m expecting a horrible read due to inefficiencies with in and out of tier’s + high costs to cover opex expenditure / rents specifically.

But, I’m not expecting a massive fall. Key variable is if people believe after March, life starts to return to normality. I think because optimism is increasing, it may fair ok.

No, someone said a strengthening £ will benefit cineworld and it will not. That claim is false. Not clutching at straws at all.

I’m long on cineworld but such information is 100% incorrect!

Yes cineworld are UK registered, hence my point. Assuming profits (ignoring tax policies), are paid in country that earn revenue fairly, when the profits are transferred to £, it will lower revenue and profit on a like for like basis.

Currently it’s 0.74 for $ to £ where 75% of the cineworld revenue comes from. Or £ to dollar = 1.35.

A billion $ of revenue = £740m

If the £ strengthens, you get more dollars... say goes to 1.5 / or 0.66 $ to £.

Therefore, a billion $ is now only worth £660m.

Quite simple really.

Assuming you are a UK investor, a strengthening £ assuming no other variables would Weaken our position, not strengthen it.

85% of the revenue is outside the UK, therefore, when converting this revenue to £, it will lower.

They are closed... Tier 4 irrelevant IMO as it doesn’t change anything. Assuming it’s only until March.

Sold 249 picked up 219 too. Think it will stay around this range until April. If news is negative with no normality by then, could dip.

Long time lurker, but also divested my position at 249p. Thing we have had a lot of good news recently and I feel post furlough close, a correction.

For some, the new norm of staying at home will remain for a while after things get better.