Member Info for DamayHill

CDF1, I agree. I said this a couple of days ago that for most releases, people are content to watch it home on their streaming services on their increasingly high definition TVs. There will continue to be some people who want to see certain releases at the cinema (eg real cinema buffs who want the audio and visual experience for special effects etc) but these won't be in sufficient numbers for the industry to be viable. There are people who are saying that there is room for both cinema and streaming and in theory there is, but it comes down to whether there is a sufficient loyal cinema audience to sustain the massive overhead of thousands of cinema premises. Personally, I don't believe there is.

As I've said previously, I'm not a holder here and I'm genuinely sorry for those who are. I also understand that for some, a speculative punt is an attractive option - I have two or three of those in my own portfolio. You accept the significant risks for significant upside potential. What I don't really understand is why you would choose this particular speculative punt right now. If that's your thing, there are others out there which don't have the the very live probability of suspension and bankruptcy hanging over them.

ART123, if you want sensible responses, then make sensible posts. To be fair, your post below is the most reasonable you have made and contains at least a hint of balance and reflection. Your other posts have been brattish and abrasive and, in at least one instance, resorting to just insulting the CEO. I get that you want to cut and run as soon as you break even and I for one will welcome your departure. Let's both hope that happens.

And nor am I saying that streaming services will be a complete replacement for cinema. What I am saying is that I think it may well make a big enough dent in the business model to make it unviable for some. In terms of pirating, well yes, but the same challenges pertain to cinema and have done for many years and the only real deterrent is the law!

You may well be right AJones, but I can think of few industries where the environment is changing so fast and so fundamentally. In some ways it would be weird if the business model of cinemas was completely unaffected by a world where streaming services completely dominated people's viewing habits. Don't you think?

Fair enough. I'm sorry for your situation, genuinely I am. I just don't think the idea that everything will go back to how it was (as per AJones) is likely to be correct. I hope things work out for you here.

powerfader, assuming you're responding to my post, I stand corrected in that case. You make such a powerful, evidenced and articulate argument!

AJones, part of the problem is that whilst they have had to endure an incredibly rough couple of years, it is masking the underlying changes and challenges within their industry. The gap between a theatre release and availability on streaming services is getting shorter. Therefore unless there's a particular reason why something is going to be much better on the big screen (sound, special effects), people will wait to access it on the streaming service they already pay for. An increasing number (albeit a minority) won't even get a theatre release any more. In other words, it was arguably a threatened business model before the challenges of COVID and it certainly is now.

newyorksaint, energy contracts are in place until 2023 but clearly has to be some level of concern/pressure on margins thereafter.

Even so, the price here continues to amaze me and if I wasn't already overexposed, I'd happily add more. I think it's more a product of generally depressed markets, especially on the growth side. If they manage to demonstrate profitability this year and therefore delivery at volume, this has to get back up towards 70p or so.

If they could add a further material new contract announcement before the end of the year, that would be the cherry on the cake.

The idea that there's anything costing people their jobs or money apart from a $5bn debt mountain allied to incredibly difficult trading conditions is just laughable.

I'm not invested here and wouldn't dream of it. I'm genuinely sorry for all those who are - I've been there with a different holding. But I do believe this represents a great opportunity to watch from the sidelines and learn from what happens next (hence why I'm following with interest). It's not by any means unique but relatively rare to watch something like this unfold and learn from the outcome, particularly in terms of the course of action one takes when a share price is so distressed.

My favourite bit from the torrent of uninformed diarrhea of the past few days is the idea that coal 'wastes away in the ground'. The creation of a coal deposit like this takes millions of years, but now it's wasting away! Just a dismal level of knowledge and understanding. Way to **** the bed!

JP Morgan brokers are absolute guessers. In fact, they somehow manage to change their advice after the event and STILL get it badly wrong time after time. It makes you wonder what on earth their clients are paying for. I'd love to run a competition with my three year old versus their brokers. Flip of a coin, I reckon.

"One mention of progress on the Thar coal project and the share price will be 1.2p in no time at all. Instead this daft CEO prefers to bleat on about her waste of time Green Energy Hydrogen project while the share price languishes at 0.30p. Stupid"

Yeah. I imagine she just can't be bothered to do any work on Thar. Or maybe there is major news on that front and she just can't be bothered to communicate it. I mean, after all, what does Naheed Memon personally have to gain from a significantly improved share price? Oh wait, she owns c.4% of the issued shares.

If we're looking for a 'stupid bleater', I know where my money is...

ART123: "I have 1 million bought about a year ago at 0.5875p and I have been trying to get rid of them at cost price ever since with no success".

So you made an investment with the totally unrealistic expectation of an immediate return? You talk about a year as though that's a lifetime. A year is nothing in terms of investing and if you've been bitten, then you only have yourself to blame. Your sense of entitlement for immediate reward and petulance if you don't get it is typical of ill-equipped investors who have flooded the market in more recent times. Sounds like Ladbrokes is more your scene.

Your strategy seems to be to hold on for as long as it takes for the SP hits your entry price and then get out for a 0% return. Brilliant. I hope you do get it, I hope you do sell, and then I hope you massively regret it in about ten years (which, for your education, is a proper investment horizon).

Hi smeeno, don't get me wrong, I am invested here and reasonably happy with my position. But I'm not sure I believe in a de-risked £30M MCAP AIM-listed proposition! I prefer to believe there is significant risk and therefore make my decisions based on that. Remember that risks arise not just from the financials and the outlook, but also from behaviours which are much less regulated on AIM. I'm sure we all have battle-scars from investments that went in unforeseen directions. Still, each to their own.

Hi muggins, there may be some substance to some of what you're saying (for example I agree that the interest rate is pretty steep) but I think the problem is that at heart the message you're giving is that in the grand scheme of things (compared to, say, bonds or blue-chips) this is a fairly high risk investment. If that's a newsflash to anybody invested here, then I'd be concerned for them. 'AIM-listed microcap relatively high risk' is not exactly news. You pay your money, you take your chances.

Also, if share price is directly correlated to specific market confidence in this share, as you suggest, then the market had a ton of confidence during 2020 when the share price increased more than four-fold. One interpretation could be that either the market was right to have that confidence, in which case it could mainly be wider market confidence that has depleted since then (which we know if true) or that the market was wrong in 2020, which only goes to prove that the market sometimes gets it wrong and therefore could also have been wrong during the period the SP has declined. I realise that I am manipulating an argument to suit a particular perspective, but I'm doing that to suggest to you that you are also doing the same.

The whole business community is apparently immersed in the much more important question of whether Elon Musk had an affair or not. Because of course these are the questions that really matter!

Agree it's a really positive trading statement and in particular the reiteration of 2022 profitability and the inference of further contract announcements. The only thing I'm a little unsure of is the full year revenue guidance, which appears to be around the £13m for 2022. With H1 revenue at £2.9m, does that really mean we can expect a c.£10m H2? Interested in views.

Apologies ART123, I didn't mean to offend you. I guess I'm just slightly surprised that anybody would believe that China didn't have many (hundreds of) millions of cases, simply because they choose not to report them. I have tried on many occasions to stimulate genuine balanced debate on here but there is lamentably little appetite for it.

But you're right, it was not a generous-spirited post. My apologies.

'Then Covid kicked in early in 2020 and the Chinese in particular closed their borders which is why China has had so few cases and deaths compared to all other countries'. It's a really charming innocence ART123