Member Info for FunInvestor

Cruis, YES I agree on taking "recent" as current month and they state until November as you, I and some others have noted for some time.
While the last two/three months were pretty good that was just about it.
Far too many months falling well short. The stats there for all to see.

Bottom line no matter how any of us cut it here a few very wealthy individuals in some boardrooms now more than ever will decide if we come out other side with something or nothing.

HNS,
Yes or has always been a risk I think most sensible people here saw that.
What changes now is the company have released an RNS to say it is a real possibility.
The business environment rapidly improving as you state may well be argued.
It is not/has not done so at the speed the company done previous calcutuons on and as a result liquidity/survival in current form is more uncertain now than ever.
We and the company had "hope" on re openings. We/they now know trading has not been as hoped and importantly they pretty much know they face 3 months of awful box office.

If we were sat with $1bn plus cash as AMC are for example and no appeal overhang on top of trading uncertainty then things may well be different.

I hope to hell this somehow swings round for us, but I currently believe in that less than I have at any point last couple years invested here.

HNS,
Is the key difference not that this business is not going under, but the current equity holders may or may not be!?
These are clear different scenarios.
Will stick in my throat if vultures do screw over small investors of a company I invested hard earned in again, but it's the system and pit choice to play in it or not.

It is sickening currently and I am not putting a large percentage on my/our chances of coming out smelling of roses.

There is still "a" chance though I guess.

HNS,
I guess much depends on any deal the board have been looking at.
They want the business to continue and thrive (they may or may not give a toss whether that is with us little shareholders or not).
If "a" Cineworld is operating for years to come then it's still good business to have ploughed on with improvements to sites, new sites etc.

Makes it more attractive to vultures that may well end up with "our" business.

Ianharding,

"Neither shorts closing or large stake holders selling. So there is life in this dog yet. Hold and wait it out"

How can you accurately say this?
We all know short movements (mostly) get noted day after. However buys/sells of major holders are 3 days plus.
With last 2 days volumes it's not likely only us small fish buying and selling.

Johnny down the duck and swan was telling me the Game stop APES are hitting Cine hard from today. ;-)

Back to his tennis club chums??

Before I was born sammy.

Swinging times

Doesn't get bigger than September 33rd

Ha ha very funny Cruis.

Hussartbr, That's about the size of it.
Hence SP high risk (potential) high reward (or not).

Selling the claim does NOT mean any such thing Tegop.
However, like smart investing the company are looking at all risk reward scenarios.
They for example may still strongly believe in theory case, but realise there is always a degree of risk (even if they see it as say 10% chance of "failing")

A guaranteed x% of original award with absolutely zero risk the may feel is smart business for an x% cost at worst case and a $m "win" from the claim sale in best case.

Going all or nothing is often not the smart choice.
It's very hard to completely remove Cineworld bias in thought process when that's the company most here are invested in.

As examples: mind we were guaranteed original case win.
Cineplex legal team were no good (yet won)
Share price won't/can't go below £1, 80p, 60p..... (It did)

Now if Cineplex do sell claim at a VERY discounted rate then that may well be taken with some encouragement (yet still nothing certain).
Until then we have lost Can$1.24bn in legal case.

Old news, someone here posted this information many many months back.

https://www.forbes.com/sites/scottmendelson/2022/08/11/box-office-as-thor-4-passes-700-million-not-every-marvel-movie-needs-to-top-1-billion/?sh=396e9ee72884

Few years huh!?
Awesome I can wait that long to lose my investment :-)

https://mediafiles.cineplex.com/investor-relations/reports/Q1%202022%20Report.pdf

This has a little reasonable reading in relation the original case, findings, appeal and possibilities.

As we expected very weak, hopefully this is last couple very poor months as we continue the recovery

https://www.boxofficepro.com/weekend-box-office-forecast-bullet-train-to-repeat-as-bodies-bodies-bodies-expands-summer-slowdown-takes-holds/

Yes, and done it for YEARS.
Also ballet and other such shows.

Was at cinema tonight (making most of the unlimited card August month of free gifts).
Watched Get Out which is from same director as Nope (due for release in UK end this week).
This is a previous movie and a other from directors back catalogue is on tomorrow.
Yet again it was one screen, one night, an "old" film, but a pretty packed screen.

Every single time I have watched old film it's been the same.
To me there seems a VERY clear business case to fill one screen for a night on a regular basis by working through years and years of old movies.
The business model we see having one other screen filled near nightly would make a huge difference.

Similar observations myself last week or so. Check especially first half hours trading swings easily 10% most mornings.
Volumes added to this data suggest to me it is a rather illiquid stock.
Guess we are at a point it can go strongly one way or other depending on a couple particular pieces of news in next couple months.
With that nobody really seems confident to make preemptive move either way.