Member Info for giantsquid

"Mooky is the best to run this business than anyone else. Except that he needs to back down with his ambitions of becoming the largest cinema chain for now. Not atleast until debt comes down"

lol this board gets funnier and funnier

"Just got another 8,169 shares @ 18.1247p .. lets see how low we can be taken :) Taking every possible opportunity to top up, just a shame no real funds free"

It's called throwing good money after bad

At this rate I don't think Cineworld will make it to the end of the year. You just get the feeling now the end is near. It's a great shame because they're lovely cinemas, unfortunately it's a very badly run company that's largely where it is today through it's own doing.

"It’s posters like TheMadStork who give me reason to keep buying more"

I suspect the day will come when you wished you'd listened to him.

https://www.asktraders.com/analysis/wizz-airs-176-traffic-jump-the-meaning-for-easyjet-iag-is/

Nutmeg, the idea is to buy when stocks are down and sell when stocks are high. Bear markets are the best time of all to go shopping for quality stocks. As long as you stick to the big FTSE companies, investors should have no fear piling in. The major airlines are down now, but they'll bounce back sooner or later.

I'm not invested in Boohoo but since you mentioned it :

Boohoo 56.49 GBX -164.01 (-74.38%)past 5 years
Cineworld 20.92 GBX -292.85 (-93.33%)past 5 years

Boohoo 56.49 GBX -13.51 (-19.30%)all time
Cineworld 20.92 GBX -56.52 (-72.98%)all time

If there was anything positive to say, they'd have said it. One can only assume they have nothing positive to say and are choosing to remain silent.

It sounds mercenary and it smacks of rats leaving the sinking ship. But get real, when everyone is bailing out, you don’t want to be the last man standing - Robbie Fowler

The irony in your post shaza, is the so called "clowns" have been calling it right for months. If holders listened to them and sold out months ago you might have actually saved yourselves some money!

"The Cineplex fine was damaging but probably manageable"

London, Cineplex were awarded £700m in damages, which Cineworld is appealing. It's no small sum. If they lose the appeal I can easily see sub 10p.p

Many stocks, including Boo, ASOS, Ted, mars & jdw to name but a few, could easily do +50% or so fom their current lows, in a relatively short space of time, if we see some sort of rally like they're currently seeing in china. Downside risk is getting smaller and smaller whilst upside potential is getting more and more attractive. I'm going with the theory you can't keep a good stock down - just got to stay away though from high risk companies drowning in debt that may not survive. As long as there's a high likelihood the company will survive and bounce back, investors shouldn't fear buying in to such companies. Indeed, the biggest money is often made by those buying in during bear markets at a time when everyone else is selling and the price is on the floor.

The bottom line: Focus on the new, emerging bull market and ignore everything else
Today's past economic data analysis and in-arrears market evaluation are irrelevant. The Fed-caused fiat money inflation is here to stay, and the 2021 bull market drivers have ended. And yet, good times are coming - it's just that they will be significantly different from before.

https://www.forbes.com/sites/johntobey/2022/06/04/recession-aheadright-after-this-new-bull-stock-market/

Do you think Warren Buffett would have built Berkshire Hathaway by taking on massive amounts of debt? I don't think so! Right from the outset, Buffett used profits generated by the company to expand. He didn't borrow. He didn't spend what he didn't have. Mooky should have learnt from the master and built at a much slower pace keeping debt and borrowing to the absolute minimum. But he wanted it all - and he wanted it fast, and he didn't care how much debt he took on. Even before covid, the company was being mismanaged. I can't personally see any way the company can survive now. The stock is toxic. Nobody in their right mind would buy it. The best thing mooky could do right now would be to stand down with immediate effect and at least allow a more competent CEO to step in and try and sort out the mess. I doubt even a change of leadership can do anything now, but I think the market has lost all confidence in Mooky. He's bad for the company and bad for the share price. He needs to do the right thing and step down.

"This is the third in four weeks that the Cineworld share price would end in negative territory. The stock’s downside this week was triggered after Mooky Greidinger, CEO of Cineworld, took a plea bargain to plead guilty to violating the terms of a merger for failing to distribute eight movies to competing firm Lev cinema.

The ruling came from an Israeli court and involved a Cineworld-owned cinema chain, Rav Hen. During testimony, Greidinger admitted that Cineworld was in dire straits, crippled with debt and seeing its share price drop by 93% after being hammered by the COVID-19 pandemic"

https://www.investingcube.com/cineworld-share-price-significant-headwinds-heading-into-h2-2022-shares/

If the debt had been paid, they wouldn't have hesitated to release an RNS. No news signifies bad news imo. Or at the very least, some kind of issue or delay.

“The intelligent investor is a realist who sells to optimists and buys from pessimists.”
Benjamin Graham

“A market downturn doesn’t bother us. It is an opportunity to increase our ownership of great companies with great management at good prices.”
Warren Buffett

“You make most of your money in a bear market, you just don’t realize it at the time.”
Shelby Cullom Davis

“History provides a crucial insight regarding market crises: they are inevitable, painful and ultimately surmountable.”
Shelby M.C. Davis

“Far more money has been lost by investors trying to anticipate corrections, than lost in the corrections themselves.”
Peter Lynch

“I make no attempt to forecast the market—my efforts are devoted to finding undervalued securities.”
Warren Buffett

“Thousands of experts study overbought indicators, head-and-shoulder patterns, put-call ratios, the Fed’s policy on money supply…and they can’t predict markets with any useful consistency, any more than the gizzard squeezers could tell the Roman emperors when the Huns would attack.”
Peter Lynch

“The stock market is a device to transfer money from the impatient to the patient.”
Warren Buffett

“Waiting helps you as an investor and a lot of people just can’t stand to wait. If you didn’t get the deferred-gratification gene, you’ve got to work very hard to overcome that.”
Charlie Munger

“Invest for the long haul. Don’t get too greedy and don’t get too scared.”
Shelby M.C. Davis

"The stock market is filled with individuals who know the price of everything, but the value of nothing."
Phillip Fisher

"Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas." - Paul Samuelson

"The four most dangerous words in investing are, it’s different this time."
Sir John Templeton

"You get recessions, you have stock market declines. If you don't understand that's going to happen, then you're not ready, you won't do well in the markets." - Peter Lynch

"The most contrarian thing of all is not to oppose the crowd but to think for yourself." - Peter Thiel

“The desire to perform all the time is usually a barrier to performing over time.” - Robert Olstein

“Risk comes from not knowing what you’re doing.” - Warren Buffett

"The secret to investing is to figure out the value of something – and then pay a lot less.” - Joel Greenblatt

"It is remarkable how much long term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent.” - Charlie Munger

“In many ways, the stock market is like the weather in that if you don’t like the current conditions all you have to do is wait a while.” - Low Simpson

“Investing puts money to work. The only reason to save money is to invest it.” – Grant Cardone

"The stock market is a device for transferring money from the impatient to the patient.” – Warren Buffett

“Wall Street makes its money on activ

Demand is surging, the issue is there's not enough staff to cope with it, hence the cancelled flights, hence the travel chaos and tumbling stock prices. Oil prices are adding to the woes, also sending prices lower. But demand remains very strong. Demand isn't the issue. Rising inflation will have little effect on demand going forwards. People will not cancel their holidays abroad and settle for Bognor just because the cost of living is going up. They might stop going to the cinema though in order to save for their holidays.

Shaz, I have very little interest in investing in Cineworld. There are far better investment opportunities out there than this, the airlines for example will be the big winners next year just as soon as the staffing situation is resolved. And by late 2023/early 2024 I think the online fashion retailers will really begin to bounce back strongly (Boo, Ted and ASOS). As for cine, the recent scandal involving mooky, assuming it's true of course (which it appears to be) has put me off investing here permanently. I'll continue to post from time to time, but won't be touching the stock with a bargepole.

And tegpop is still defending the CEO who has single handedly destroyed the share price by taking on too much debt and getting the company embroiled in a costly legal dispute. If shareholders choose to ignore the numerous red flags that's their problem not mine.