Member Info for FunInvestor

https://finance.yahoo.com/quote/CNNWF/history?p=CNNWF

As noted yesterday also, I normally take little notice on this as it is tiny and most often pretty much follows UK main share index and movements.
Yesterday had huge swings in its price over day though and today had hugely higher shares traded than the normal average.
Infact there has been a few days like this over last couple of months where volumes traded stand SO far out .
Not sure what of anything to make of it .

truant, Not denying the 5 v 4 weekends as I stated last time you brought that up.
Look back should you desire and see I was vocal about that very point when many were over excited by company update on that months business.
You have though then done just the opposite not mentioning the difference in weekends for November being at least part of the reason for the trading swing.
One day, one week, one month, one local cinema, one movie is not how we get to forming good basis of trends.

AGAIN quarter by quarter through 2021 the Cinema business including that of Cineworld has improved.
Is it doing enough for long-term yet? NO!
However it is trending ever closer and (with the exception of the unknown of Cineplex and appeal) there is definitely reason to feel positive and make a decent case for long term success.

You have stated your position (short from low 30's). While I and most are long here (or invested for an increase rather than decrease in share price) I respect you have a different view on where business is at and it's prospects.

Time answers all, long, short and day traders have all had opportunity to make money over last 18 months and may well do so over next 18 months.

truant,
You AGAIN state November was weak yet omit to state October was strong.
You also state (wrongly in my opinion) December was weak.
In the context of businesses recovering through pandemic I think it was pretty good. 80% of 2019 box office numbers in North American market and when you pay attention you would note the business has been experiencing significantly higher concessions spend during 2021 so this will further reduce that 20% shortfall.

Was surprised one of your posts earlier today you were only "considering" topping up on your short.
You have had is all believe this is a zero risk, no it's no buts GUARANTEE to go to 5p on its way to zero.
Why hesitate, get everything you can get your hands on into that short.

Anyone that is a big cinema goer would have known to bin this thread instantly.
Since cinemas reopened last spring the Cineworld site has been hit and miss just how far ahead and how complete it is with movies you can book on a very frequent basis

As they say "nothing to see here, move along"

Was busy today, seems a day mostly filled with tripe on the BB.
Happy new Year all and good health to you regardless of your position here.

For truant particularly: The debt covenants will get waivered of required. Just as they have previously during pandemic.
Company was closed and had less money available when these were previously waived.

What a right pain in t...1..TS hopefully this is limited to Morbius or very few other movies now.
Still studios committed to Cinematic releases, no more of the day and date or swap to streaming being muted.

truant you are a year late with investment . Now had you shorted at 124p ;-)
Don't worry, you are not the first and won't be the last ...

truant an improved position from court ruling could for example be based on synergies not being something one would normally expect a company being purchased ever able to have benefited from.

I don't know legally what can/will go through as part of appeal. It "could" be that the judges ruling on "ordinary course" was incorrect.

If you watched ANY of the case you would have noted the shear volume of paperwork in this case so there "may" be any number of details that can be revisited and deemed to have been adjudged incorrectly or overstated..
I am not a contract law expert nor judge, BUT nothing is currently GUARANTEED regards what could come from appeal.

truant what is misleading in what I said?
December was c. 50% more revenue than October (as you regularly remind us a 5 weekend so higher revenue month).
Look at previously s years in detail over a long period. In context for Dec 2021 to be this much higher revenue is worthy of note and not at all misleading.

My point was more that "if October was cashflow positive then it would be more than reasonable that a month with c. 50% more revenues would also be cashflow positive" I might even be so bold as to say MORE cashflow positive than October was.

That doesn't fit with you claiming the company is currently lossing substantial sums in an ongoing basis month after month ;-)

Too up more on that short, jist keep one shirt at least.

Metom, this along with the Frankfurt increase earlier today add in high levels FUD here last few days does seem interesting.
Normally I would dismiss US sp movements for Cine as it is a TINY number shares traded there and movements normally are not too far from the main UK listing.
It's still very small shares traded, BUT it is a LARGE move from main UK listing price.
May well be nothing, but for once it raises at least a little interest from me to see this.

Tantrum, sorry truant.
May I suggest you head back a few weeks. I was rather vocal about the 5 weekends/4 weekends effect.
Sorry you failed with that attempt also..
December is holiday period with Christmas every year so again you talk nonsense.
It's 2021 v pre covid comparisons and each Q this year has continued to edge closer to those levels.
Work still to be done, but clearly on right pathway.

You go for it though, sell every other asset you have and short short short this show us all how dumb we are and how smart you are :-)

tut tut truant, I never said increased cash position at end H1 was from operations.
You said the company was running out of cash though, and I simply pointed out they had more at end H1 2021 and now than last year .
You also WRONGLY state as a matter of fact they are currently heavily cashflow negative and as I already stated from company's latest RNS they were cashflow POSITIVE in October and with c. 50% more revenue than October in December I think it could only be a fool or a liar that comes to state they would be cashflow negative in this most recent month.
With 2 of last 3 months being cashflow positive and not yet back to fully expected trading levels I think that also rather dismisses your claim that debt taken on during covid is the end of the company.

I would repeat your "nice try though"
However it is far weaker than much we have had over last 18 months on here :-)
Good to hear you are backing up your views though.
Absolutely empty your pockets on your short, sure it will deliver the rewards you deserve ;-)

P.S. truant regards heavy loss making statement.
The business was profitable EVERY single year for near 100 years prior to covid..
During this year from the H1 accounts we can see they significantly REDUCED the levels of loss from 2020. We can then look at continued recovery of box office since H1, company release regards October being cashflow POSITIVE and December having currently the 12th biggest earner of ALL time and as I previously noted c. 50% MORE revenues from box office than October I think it safe to assume Q4 was NOT a loss making period.

Cash noted at H1 end was MORE then last year and with Q4 as noted I think it difficult to state company is "running out of cash"

truant,
Again I would question much of what you have stated here.
1. December was in the biggest market for Cineworld near on 50% HIGHER than October. The box office trend has been back upwards over 2021. Have a look Q1 through Q4. Not (yet) at pre covid levels on a sustained period, but many businesses outside Cineworld and Cinema are in same boat.
2. Have you missed every single update in recent months from all major studios? They had to take action they thought fit during a pandemic period. Now that is less in their thinking they know where the big $ are and are all returning to theatrical release for those movies they would previously have followed such a route. Have you missed also the last c.75 years of movies? There has always been a large direct to home movie release. That is where the change is i.e. the method we get it direct to home. It hasn't taken from Cinema release.
3. You may also have missed all reports and information that has stated new theatres added in last period by Cineworld group are some of their biggest earners already and they are continuing an exercise to remove low profit/loss making locations and add higher quality higher earning sites with in most cases a good range of their premium facilities e.g. 4dx, 270 superscreens.

As always DYOR (don't see only what you want to)

capehake , You posting at 7am hope you are not having sleepless nights ;-)

truant,
can you explain the questions over long term viability of cinematic model please?
What is the basis and what exactly is questionable about it?
Clearly it isn't: audience aging and not being replaced by younger audience as the younger age groups have for some time and continue to be the strongest demographic for it.
It's also not that movies /studios and cona owners can't/don't make the most money by showing in theatres with an exclusive window as again that time after time has proven with quality product to be the case
It's not that movies no longer make large box office as Spiderman is about to/already has entered top ten box office of all time. My guess will be it ends up around 6th biggest (that's without a China release also).
It's not that streaming is taking over and that's where younger people get their content only as again those that watch most streaming content have also proven time and again to be those that ALSO go most to the cinema (they are movie lovers). Alternative forms of providing content work with each other NOT AGAINST each other.
It's not studios not supporting the cinematic industry as again they have shown they are very much supportive of it and respect this is where certain product is beat suited.

Look forward to your reasoned and informative reply on what makes Cinema a failing model.

truant, truly genius shorting at c.32p pretty much same company (many factors now improved, some at least for now worsened) you could have shorted at 124p 9months ago.

SP will almost certainly move both up and down in the days weeks months ahead and truth is none of us know by how much, for how long and when.

Those claiming to know well....

We had this jist over a year ago too and in that time it fell from pretty steady 50p range to sub 20p to then rose to 124p all in a few short months to then fall again in few months to pretty steady low 60's for number of months then a spike or two briefly up before latest fall to low 30's.

If investing long or short do so, calling those with opposing strategy idiots/mugs etc is playground stuff.
Express and show some solid data to back up a position. It may educate those of other viewpoint and step back and re-evaluate their previous thinking.

Just saying:debt, shorted, article from a biased source says this. Mug, idiot, easy money blah blah blah is never going to achieve anything worthwhile.
Has been some mild entertainment in this board again in recent days so thank some for that as it was a tough day or two at first news of lost CP case.
Lifes a Daisy again now though ;-)

Truant, Is it possible you did just as your name a little too often and this shows in your lack of education , social skills and manners?

Well biggest ever at $2.8bn is Avatar and we have long awaited 2nd movie there.
Jurassic stuff tends to do $1bn
Black Panther was a $1.35bn movie and we have it's sequel.
Marvel has other films out and often tends to gross $1bn +
Toy story previous $1bn movies and we have Lightyear.
Minions, Top Gun, Mission Impossible, Fantastic Beasts all previously proven earners and awaited movies. These and some others very possible $0.5bn + films.

Don't particularly see Box Office revenues for 2022 being an "issue" (assuming covid continues to be ever less of an obstacle as medical treatments continue to be ever more effective and available at speed, possibility of virus waining also).

Cineplex really is my one and only notable concern (current award on top of our debt is troublesome until we know details to the contrary e.g. staged payments or reduced $$ award ruling).

Thanks Disney :-)

https://www.insider.com/disney-movie-release-dates-2022

Meanwhile Spidey keeps racking up the $$
https://deadline.com/2021/12/spider-man-no-way-home-new-years-weekend-box-office-2022-1234903073/