Member Info for giantsquid

"Such a badly written rns. They clearly do suicide to themselves"

It's not badly written, they're just saying it how it really is - which is their job.

"In connection with these initiatives, the Group remains in active discussions with various stakeholders and is evaluating various strategic options to both obtain additional liquidity and potentially restructure its balance sheet through a comprehensive deleveraging transaction. Any deleveraging transaction will likely result in very significant dilution of existing equity interests in Cineworld"

I've been saying this could happen for months and have been attacked for even suggesting it. Well now you've heard it from the company themselves.

Hi Debs, it's never great being underwater, for what it's worth I would say hang in there - the share price is on an upwards trajectory and there's every likelihood it'll continue to move higher over the coming weeks and months, possibly sharply higher. Liz Truss is clear favourite to succeed Boris Johnson and I think she'll be welcomed by the energy companies (and the markets) so could see a sizeable bounce here if she wins (when she wins i should say!). In the meantime, it looks like the bottom was probably hit yesterday afternoon at just below 78p - will be back above 90p probably sometime next week would be my guess, possibly 95p or so. £1+ will be hit before Christmas imo.

https://www.independent.co.uk/news/uk/politics/truss-sunak-tory-energy-bills-b2143657.html

Has fair value at £1.59

"Trading at 50.1% below our estimate of fair value"

Price to sales Vs industry"CNA is good value based on its Price-To-Sales Ratio (0.3x) compared to the peer average (3x)"

Price-To-Sales vs Fair Ratio: "CNA is good value based on its Price-To-Sales Ratio (0.3x) compared to the estimated Fair Price-To-Sales Ratio (0.4x)"

Debt Level: CNA has more cash than its total debt.

Reducing Debt: CNA's debt to equity ratio has reduced from 225.3% to 160.9% over the past 5 years.

Debt Coverage: CNA's debt is well covered by operating cash flow (34.7%).

Notable Dividend: CNA's dividend (2.52%) is higher than the bottom 25% of dividend payers in the UK market (1.85%).

Cash Flow Coverage: With its low cash payout ratio (15.7%), CNA's dividend payments are well covered by cash flows.

Insider Buying: CNA insiders have bought more shares than they have sold in the past 3 months.

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders
Top 25 shareholders own 61.95% of the company
Schroder Investment Management Limited
6.76%
BlackRock, Inc.
5.66%
Columbia Management Investment Advisers, LLC
4.72%
The Vanguard Group, Inc.
4.55%
RWC Partners Limited
4.34%
Jupiter Fund Management Plc
3.06%
BNP Paribas, Private & Investment Banking Investments
3.06%
Societe Generale Group, Banking Investments
2.78%

https://simplywall.st/stocks/gb/utilities/lse-cna/centrica-shares

It's a big find, but so was horse hill at 100 billion barrels estimated with Schlumberger, one of the world's biggest oil and gas industry infrastructure groups involved in the report. Unfortunately big finds don't always result in a big share price as we saw with UKOG. There's a lot that needs to happen in order for a big find to turn into big bucks and a booming share price. It's all to play for of course, a big find is a good start though!

https://www.theguardian.com/business/2015/apr/09/welcome-to-horse-hill-are-there-100bn-barrels-of-oil-under-this-field

Looking at the 6m, YTD and 1yr charts, it looks like 79p or thereabouts was the bottom. The overall trend has very much been up for quite some time now and with rising energy prices that's likely to continue for quite a bit longer yet - albeit up a bit/down a bit (a trader's dream). This should begin to move back up either today or tomorrow, back to around 90-95p or so. It'll break £1 sometime within the next 2-4 weeks would be my guess. This is one of the few stocks that actually benefits from rising costs and the current climate.

At the end of October 2020, the share price began moving sharply higher, from around £4.25 on October 31st peaking at around £8 on 4th December. Which kind of blows Todd's theory out of the water that the share price always goes lower as we move into the winter season!

I think it's fair to say the market likes what it sees!

"There was a rumour"

Where did you hear that? Down your local? On a chat forum frequented by posters claiming to have contacts on the inside? You people get more laughable by the day.

"Cine just refuse to pay"

And you think that would be appropriate conduct for a public listed company? Seriously? If they lose the appeal they'll have no choice but to pay whatever fine is thrust upon them, refusing to pay isn't an option - it would damage their image and professional integrity and the shares would suffer even more as a result.

Recovery has begun - I think this will be up today maybe 5% or so, £5+ before Xmas

McBride? EasyJet?

Even if the major holders wanted to offload, the stock is too illiquid to offload large amounts - for example, if a major wanted to offload let's say 5m shares, that kind of sale would take weeks, if not months to sell through. It would result in a stock overhang and a very depressed share price many pence lower than it is right now, guaranteeing them a terrible price for their shares. There's no saying how the majors are feeling right now - I'm sure they can't be happy about 20p a share though for months on end. And since the outcome of the appeal is currently unknown, there must surely be at least one or two slightly nervous majors wondering if they'll ever see their investment again, let alone make any return on it. As others have said, this side of the appeal this stock is basically uninvestible - it's a pure gamble where the outcome is likely to be either boom or bust. Most seasoned investors don't do gambling, so until the uncertainty over the appeal is out of the way, big money investors are likely to consider this too risky to even consider and will be keeping well clear. That's why volume has dropped so much - what you're left with right now are basically short term gamblers and day traders.

Yes, what happens with Taiwan is huge. That's why the US is willing to go to war with China if they try to invade. Pelosi has made that crystal clear to the Chinese, hence their reaction. They want to invade no doubt about it, but they'll end up like Russia if they do (or worse).

I'm not sure about manipulation but what happens in Taiwan strongly affects tech stocks. The online retailers are definitely suffering as a direct result of the China/Taiwan situation. China won't risk military conflict with the US, they can't do anything and they know it. A few days of tantrums and the situation will calm down again.

A lot of stocks are down today due to the Taiwan/China situation, particularly tech stocks which is probably why the online retailers are being hit so hard today. Pelosi assured Taiwan the US will help defend them against any Chinese attack, hence why the Chinese threw a tantrum after she left. They basically know they can't invade without risking direct military conflict with the world's most powerful military - a conflict China know they can't win. My guess is the situation will calm down just as soon as china has finished throwing their toys out of the pram. At least holders here know the volatile share price isn't company related - it's entirely down to world events. Give it a few weeks and this will be back in the high 60s/low 70s.

I think their fair value of McBride is probably accurate, or at least realistic. No major debt, £70m cash in the bank - which is 3x the company's market cap. Transient problems that has resulted in the stock being hammered - specifically, rising costs (as with all businesses right now) and supply chain issues (specifically lack of HGV drivers). These issues have hit the business hard but the company should come out the other side okay considering it's in good shape with low debt. As for Cineworld, I'm not sure SWS take into account the court case and the consequences of potentially having to pay that huge £720m fine? I'm not sure they take into account the huge debt? I'd question if their analysis of Cineworld is even upto date - I generally think they're a pretty good site and worth reading, although sometimes I do think they get it wrong, or at least seem to have fair value way off the mark. In the case of McBride, I think their assessment is probably realistic. And no, I'm not a holder as I stated recently on the McBride board. So I don't benefit even if I was 'ramping'. I might buy after their September update if it reads positive - but not before. In the case of Cineworld, sure they could be right - it's just that I don't agree with them. If they win the appeal, as I've already said, my views here would turn more bullish - but I still don't think they will win the appeal. They've already lost the case once - it's currently 1-0 to Cineplex and I suspect it'll be 2-0 shortly.p

I'd rather be invested in McBride than Cineworld any day of the week. Far more upside potential, tiny shares in issue, good cash position, minimal debt, Europe's leading manufacturer of household products stockists include all the major European and UK retailers, targeting €1bn turnover within the next few years. Market cap just £29m.

Cineplex market cap now over twice that of Cineworld - their shares are up nearly 5% today. If Cineworld lose the appeal and the share price tanks, maybe Cineplex will put in a lowball offer for the company? Right now, Cineplex looks the stronger of the two companies - well the markets certainly seem to think so going by the market cap and share price movement. Maybe the market is beginning to price in a second Cineplex victory in their legal dispute with Cineworld? I wish holders well here but there's no getting away from it, this is an incredibly risky investment until the outcome of the appeal is known.

Morning milnrowmug, I haven't bought any MCB as yet, like you I'm a little baffled as to why this has fallen so much - like you say, rising inflation should have pushed more people to buying the cheap brands so MCB ought to be prospering - I've seen their products in many of the major retailers, oven pride for example is stocked in Wilko, Sainsbury's, Morrison, Asda and Tesco - the Surcare washing detergent range is stocked in Lidl and I would imagine they sell a fair bit across their stores. I can't see MCB going bust and shares in issue is just 174m - I notice results are due 29th September so that'll be interesting. I'll keep watching but this side of results, I'm not currently thinking of taking a position - it does look like it's on the floor so I have to admit it's tempting, but I can't see anything much happening until results anyway. Any sign of positivity and confidence in the results and this is going to bounce hard.