Member Info for DamayHill

Was excited to see an RNS with the term LOI in it this morning - bit of a muted market reaction but then the timing isn't great with general market sentiment and the natural disasters facing ****stan at the moment. Hopefully it will gain some attention and traction through the day and into tomorrow.

One question I have which others may be able to answer is has the confirmation come from the central government via the Sindh government or has it come directly from the Sindh government? If the latter, it feels a little like getting a Valentine's card from your mum! Also, if that's the case, why is the LOI for Thar VI required from central government? What's the difference? Is it simply that Thar is part of CPEC and Green Hydrogen isn't?

Each to their own RS2002 but I am completely mystified as to why the RNS specifically should have changed anything SP-wise... on the basis that it really confirms that it changes nothing! Of course they wouldn't have sold the 275m shares - without them they wouldn't be major shareholders and therefore have any say in the future of the business.

Good luck to you all!
Happy to be watching this one from the touchline.

It's not suggesting anything underhand - that's you reading a tone into it. It's stating a fact and that fact is correct. The RNS today has clarified that and made the very fair mitigating point that the ultimate owner is not affected by this.

AJones, there's no suggestion in the FT article that the family no longer owns 20%, merely that the complex structure they use to hold the shares had changed and they failed to report it. I can't do all your critical thinking for you mate. You may be right that the FT has a bit of an agenda, but to suggest that what they have reported is wrong is simply your misunderstanding I'm afraid.

AJones. I think you'll find that what that RNS does is confirm that what was published in the FT is correct! What CINE are saying, also correctly, is that the ultimate owner (ie trusts owned and controlled by the family) did not change. The FT were never suggesting that it had and the error in not declaring a change in a major shareholder (irrespective of the ultimate owner) still stands. In other words, the FT has not published anything incorrect, Cineworld has accepted it but pointed out that the error is not material to ultimate ownership.

Hi Flasbuyer, I'm not sure if we're agreeing or disagreeing! I totally agree with your sentiment about negative people showing up at predictable moments to try and influence. Of course an RNS has an impact on SP, but nothing said here or on any other bulletin board has a material impact on SP, not least because for most shares the majority is held by owners/managements/institutions. If you believe that anything said on here has an impact on SP then fair enough, we'll just have to agree to disagree on that one. Anyway, I'm a fairly significant holder here so certainly want the best but come here for any intel and for an all-too-rare balanced debate! Best of luck to you.

Flashbuyer, I understand what you're saying, but comments made here (though they may influence the decisions of individuals) have absolutely zero impact on SP.

Sorry, that wasn't meant to come off as facetious as it did. I mean that I believe that's the point the FT are trying make.

Well kind of a nothing story. Unless you like attention to detail, competence and transparency in the companies you invest in...

"Sept 3- national cinema day = Revenue to make up for quiet periods"
Seriously?! Yes, I'm sure households up and down the land are on countdown until National Cinema Day. It's one of the biggest dates in the calendar.
Come on man, you're better than that...

Terrific, not the largest of contracts in and of itself, but "We are in discussions with OEM 9 on additional opportunities and hope to make further announcements in due course" is very promising indeed. Even so, this continues to fly under the radar.

Genuinely good luck to anybody taking a punt - I'll be rooting for you. But for me if you like a speculative punt there are plenty of better options out there that are not binary (at least not in the immediate term!). A binary speculative punt = to me that's something you go to the bookies for.

What happened next...?

Ah thanks Shandypants, I hadn't seen the interview so will take a look now.
Much appreciated,

The final results to YE 30 June are expected in mid-November and my supposition is that I can't see that there'll be anything there out of the ordinary or to get too excited about. I'm expecting a moderate growth in revenue, a reduction in operating loss and I'm certainly hoping for confirmation that we remain on the path to profitability in 2023. I think it's more likely that the interims in Spring 2023 will either contain some more upbeat news on financial performance and we could see a re-rate then or it could defer the timeline in which profitability is expected to be reached, in which case the SP could take a dent.

Grateful for any counter-suppositions or thoughts.

Not sure what point you are making Ezhik? Of course there are also low quality releases on Netflix and other streaming services and of course the streaming industry is not without its significant challenges. I'm sure you're not suggesting that Netflix is for the mindless whilst going to see DC League of Super Pets and Jurassic World at the cinema is for the intelligentsia?!

The closest I get to an Eastern utopia is Walthamstow! So I'm afraid you would have lost your bet poorinvestor. Better luck with this one!

Hexam, absolutely fair enough. My view is that it's a 'sunset industry' (to use that horrible phrase). Maybe not this year, maybe not next, but in the foreseeable future. But I also recognise that your argument has more empirical data to support it at this stage than mine arguably does.

Poorinvestor - I live in the UK. London for the past 20-odd years and now just outside London.

Hi Silvesy. I have three kids! Went to the cinema week before last with two of them. There were four other people in there. I absolutely know the rainy day/cinema/soft play equation. As I aid, I think there are circumstances in which cinema is attractive to people. But I also think that streaming of new releases will cannibalise the industry too much for it to remain viable. Just my opinion.