Member Info for FunInvestor

Must be in celebration of your return to the forums wobin!
You are our lucky charm.
Your 4k top up ain't so bad now ;-)

Is today the day we see our first double digit % rise since July 21st!?

Sustained steady growth is what we want really, but with the odd big daily rise thrown in it soon makes a massive difference :-)

Looks very promising we have done what we failed to do in recent months when breaching 70p.

Held and closed it that day and following day not only held it but looks good for further gain.

Here is hoping we are finally on recovery road.

You too Mountainous.
Have a good one and many more of them.
Here is to an upward trajectory in share price from here :-)

Which part of that is my Friday response to the rose?
Again one film, one weekend is NOT where we are at.

Go look at box office mojo for reality rather than fantasy of 80% levels.

YES in the UK we are now fairly regularly at around 75% pre-pandemic levels.

Our business will not thrive on UK figures.
USA is the key surely anyone with an ounce of sense agrees on that.
There we are NOT anywhere near regularly hitting such high levls.
Month on month the percentage in comparison to 2019 IS improving (might be c.55% or if lucky little more for September highest in % terms so far).

HOWEVER in actual revenue terms August and September will be less than July.

As I say things are overall seeming to improve, but I prefer to ground myself in reality rather than fantasy.
Show me my Friday dismissive posts thanks :-)

small T
If you can be specific and show me my post (s) on Friday where I am dismissive of the rise then we can discuss further.
If however you are just making stuff up in your head because you are an overly emotional investor struggling because your investment here is down then let's get over that eh.

Much of the insightful research posts you drool over hold little to no real value in regards Cineworld quite often.
They only serve to Stoke the pack mentality of everything is perfect but we are being cheated out of a pre pandemic share price by nasty M.M.s and anyone that doesn't follow the party line is all things bad.

I don't recall the book on how to be a successful overly emotional investor.
Bonkers your treatment by number of people has become appalling frankly considering the clear enthusiasm you have shown over many many months on here.
Just say £10 by September 31st and talk of your imaginary successes you will be a hero again ;-)

Think 3 of last 5 days have been less than 10m and at 11m it's hardly volume backed (imho).
Rise above 70p in late July for example had c. 8 previous day's trading in the 20m range.

Regardless there appears some early signs for hope to finally break this downward trend since March.

Case seems to be going reasonably, but not a complete walkover. Both sides seem to have had their moments when I have watched.

I am not a lawyer or the Judge.
Yesterday looked pretty damn good right up to last 5 minutes when with a few counter questions/points it seemed Cineplex lawyers undone parts of case we had made.
For example we made out Cineplex had not given notice to Cineworld regards correspondence with a key landlord. Yet on the very same letter to Cineworld we used in evidence it was clearly shown in an earlier point that they had with attached PDF.

Still hopeful on balance it looks like they didn't always follow to letter of law on matters and the 90day push out on payments is far from "regular business'

Previous 3 efforts over last 3 months we were unable to hold and close over the 70p level.
Lets hope today (4th time lucky) is different.
Maybe for some the excitement would be from what this key price point potentially means for coming weeks/months/....

Hold above today and next trading day and just maybe we (almost) all will have reason to be more content and genuinely hopeful with some reason.

>70p close please with Monday hold :-)

Happy weekend all.

Excellent post.

From my initial reply, please don't say I was one to bring up the additional debt/secured additional $200m financing.

"Less FF9 and more $200 odd million tax credit"

Mountainous,
You were the one brought up debt.
I stated the cares act tax credit as being the reason (it was).
67% for one week in the UK is NOT hitting over 60% consistently for the business. With majority of business in USA.
Have a look at box office mojo it clearly shows where industry has been this year and continues to show.
It isn't Cineworld specific, we all know that. However from our most recent report Cineworld is roughly tracking the market as most of us would reasonably expect.

Unfortunately it is your own points that are, quote: "Null and void".

Now let's hope we do soon see those levels and beyond that we have not yet been achieving (hitting them for one week or one movie isn't achieving them as we need to).

Ciao.

Plumber I expect Q5 to be well above 60% of 2019 levels.
As does Mooky and co. Infact they are banking on it.
It's normaly a fairly soft period this and next couple months and in comparison we have fairly strong releases. (Hopefully some do very well and lead to a return to some volume of other releases as that's fair part of where industry is currently still struggling).

Onwards and hopefully upwards in attendances, revenues and SP :-)

Company report just 4 weeks ago told us we are operating at a loss month on month and still were after half end. Mooky stated he "hoped" to be cashflow positive by Q4.

For some time now the company has had a "base case" scenario noted which sees us require 60% of 2019 levels and by year end predicting/hoping for 90%

Every single record we can access shows attendance levels are nowhere near 90%. Indeed they have been a way short of 60%.
This month "may" see us around the 60% level.
Average cash burn for first 6 months $45m/month (last month or so of that half brought the average down to these levels having been running at c.$60m down per month in the earlier months of year).

Please show me where attendance warrants saying we have found c.$30m plus in this last month to say we are currently profitable.

Wish you and all good week ahead Mountainous :-)

The facility has not directly been used, but there isn't a magic hidden money tree. It comes from the companies recorded liquidity.

Mountainous, with $170m quickly gone paying Regal shareholders with a further $96 having to be set aside to pay them no later than next March (not enough liquidity to pay them in full now without breaching lending agreements).
Trading is improving, BUT it's waiting Q4 in hope for the push in attendance levels we require.
What each of us see at our local cinema for one film is irrelevant.
Big movies get attendance, it's the other 10's hundred movies we need to have attendances also.
The industry numbers which Cineworld is largely followed so far tells us what the case is.
Improving, but some way short of numbers that make is a profitable business.
Lets see how this month ends and how Q4 goes.

Less FF9 and more $200 odd million tax credit.
Things improving, but I fell some way from picture some wish to paint.
Box office mojo and company own results tell us exactly how far to go from last month.

Much wuv wobin xx
Glad you're still with us

Bonker/Deano cheers, appreciated.
As you know I held strong views on some and some of what went on here.
That and life has/is busier for me right now. Also not anything right now materially different to discuss productively means for now anyway I don't expect to be posting much/at all.
Things change so you might find me posting 100 X a day annoying individuals, who knows ;-)

Hope all well and don't stress about what you can't change :-)

Regards genuine or otherwise worry or great euphoria on daily SP movements we have traded in 60' for circa 2 months now. So I see little evidence in the SP movements alone to make a stance positive or negative.
Those saying otherwise (imho) are largely doing so with their own motives rather than any real basis.

"Our" lawyer was hitting the exact point of issue last night.
Deffering payments is nothing out of the ordinary for Cineplex or a great number of businesses.
Been involved in that exact process several times myself as part of company finance team.

What was/is out of the ordinary and not "normal" business was the extent and length of deferral time!!

I far from watched all last few days so may be wrong.
However it seems Cineplex did not go over the agreed debt limit, BUT they would have had they carried out "normal/reasonably expected" business.
This is IMHO probably largely why we are where we are with a court case and people arguing validity on either side.