Member Info for Finchy8

Hi Squid, I raised the same question yesterday and good to hear some estimated numbers. I was trying to picture the restructured company similar to 2017 when the sp was around 200p, sometimes higher. So if you assume at most a 10x dilution then a ceiling of 20p would seem fair, although could be optimistic. Cheers

Agree totally. I'm retired and this share has consumed far too much of my time. I mainly hold funds, and although the markets are down at the moment, at least it follows some logic. This is one of the last companies I had post covid and staying well clear of individual stocks moving forward. I guess it didn't help once this became a penny share. I'm just astounded how many people spend all day on here.

I got dumped by a stop loss a 3.85p. The only people here making money are the MM's. Which we know stands for Market Manipulators. I think that's me done in the cine chapter.

Hi Lordy, is that an actual fact, i.e. is share suspension apart of the chapter 11 process?
Hi SCC, can you expand on your thoughts about the spread, i.e. what does this usually indicate?
Cheers

Thanks AJ, at last some useful commentary, cheers.

And here was me hoping this would get some educated responses. I think I will keep holding for now given my avg is down from 60p to 5.6p. My rationale being:
1. Business go bust when the creditors are not getting paid, and not when there revenue is stilling looking positive.
2. Lenders will also do there best to keep getting interest payments, they also don't like to right debt off.
3. There must be some value to hiving off some of there existing businesses, it cannot be a totally write off.
Look forward to anyone providing some real numbers though, cheers.

As an investor, what I would really be interested in at the moment is what could a restructured Cine be worth. I am holding out as I find it hard to believe the 2nd largest cineworld business in the world could realistically go bust.
I don't know the specific history but looking at 2017 when it had a decent balance sheet the sp was over 200p. Surely if they detached Cineplex and Regal then there would be some kind of return and not a complete loss. Has anyone tried to determine what the remaining debt would be and based on 2017 business would it be serviceable and therefore what would the sp look like?
Everyone keeps talking about dilution but based on historic sp as that dilution already occurred now.

By the way, please don't comment if you don't hold shares, your opinion is worth nothing just like your investment in the company. Cheers

I really hope your right, I doubled down yesterday taking my avg from 60p to 7.2p. Would be great to get off this roller coaster before the weekend.

15k @ 60p. I averaged down when they were a 20p, but that back fired doh. Would love to double up in the hope it reaches 4p just to break even but I just cannot encourage myself to take the risk.

Its hard to believe that I am now only £1k down on this share. The question for me is do I sell before the current covid levels get noticed and lockdowns return or hang on and see if even a profit can be made :)

Question is, will there results get them above £2. Seems to be fairing better than most in the comeback...

I too feel your pain... I doubled up at £2 recently to try and get out of this stock assuming it would return to £2.50. The only good news is that the sector is down and unfortunately TL is leading on the losses.