Member Info for giantsquid

Britain could see a rise in monkeypox cases over the coming weeks as the disease spreads across Europe, a top scientist has predicted.

Charlotte Hammer, an expert on emerging diseases at Cambridge University, said she is “certain” cases will surge and that we will “see new infections among those were in early contact with the outbreak’s first cases”, while US President Joe Biden claimed “everybody should be concerned”.

https://www.standard.co.uk/news/uk/monkeypox-outbreak-uk-cases-rise-virus-joe-biden-europe-latest-update-b1001572.html?amp

With the court hearing quite some time off, for now at least that particular concern can perhaps be put to one side which gives investors and speculators a brief window of opportunity to play the dips in relative safety. For that reason, I wouldn't be entirely surprised to see a bit of a bounce at some point. As the court hearing gets nearer however, I think many holders aren't going to want to take the risk and we'll see another strong sell off. Shorts won't close ahead of the hearing, in my view. Infact they may even increase. Sensible investors will wait until after the hearing before deciding whether or not to invest. They may play the dips over the coming months but they'll make darn sure they're out before the hearing takes place.

The theory is rising inflation will result in less people going out to pubs, less people buying bottles of beer in the supermarket. The reality is rising inflation will do little or nothing to stop people drinking at home and going out to pubs. The supermarkets continue to see huge quantities of alcohol sold each year, despite the pandemic, despite inflation. And go to any town or city centre on a Weds, Thurs, Fri or Saturday evening and it's chock full of people out partying, pubbing and clubbing and having a good time. Pub stocks are down, but the low share price doesn't reflect the popularity of the pubs or their products - I don't think the market is valuing the pub chains very accurately right now. From an investors perspective, that spells opportunity.

A turn for the worse regards the Ukraine situation could seriously rattle the markets. And right now that's looking like it might happen because Finland and Sweden look likely to join NATO - a move Putin is warning will result in serious consequences (possible nuclear strikes?) Right now the world is teetering on the edge of WW3 it's a more dangerous situation even than the Cuban missile crisis. The stock market is extremely vulnerable right now with so much trouble going on in the world.

I'm surprised Berkshire Hathaway hasn't taken a position at this price

If I was a shorter I'm not by the way) but if I was I'd have done rather well for myself considering the dire share price action over the last year!

Lol if the appeal is lost, highly likely imo, the company will end up in administration. If they win the appeal, slim chance of survival.

Cineworld will, in my honest opinion, only become a speculative buy IF (and it's a big if) - if the company wins their appeal and no longer has to pay this huge fine that's hanging over them. Until we know the outcome of the appeal, I honestly wouldn't touch this stock with a bargepole. Because if the appeal is lost there's no saying how low this could tank. If they have to raise £700m to pay Cineplex and try to raise the money by way of a placing, we're talking 3bn new shares. That kind of dilution would decimate the share price. With nearly 5bn shares in issue, the share price would be somewhere in the region of 5-8p. Nobody knows for sure how the appeal will go - so it's a pure gamble at this stage. I will say if the appeal goes Cineworld's way (unlikely imo) but if it does, then of course there'll be upside. But it's a big if at this stage.

Majortom, a lot of people have bought 4K TVs now that the price has come down. You can buy a massive 75" 4K TV from Curry's for under a grand. The picture quality is incredible and it really does feel like you're in the cinema watching a movie on a screen of that size. I think a lot are choosing to stay at home and stream from Netflix - it's a lot cheaper and on a big screen it's comparable to being in a cinema.

"Mooky was particularly smiley and pleased in my opinion"

Maybe he's recently taken delivery of a brand new Ferrari? This from a recent article:
Mooky Greidinger raked in nearly £1.48m, up from £830,000 in 2020. The figure was boosted by a hefty £646,000 bonus.

Share price tanking this morning, possible leak? Bad news regarding the appeal?

The biggest shareholder in Koovs was also the CEO, Lord Waheed Alli. It didn't stop the share price crashing and the company going into administration though.

"Recently, there has been speculation that Rolls-Royce could be acquired by a larger firm. If a deal is announced, its share price could rise"

Maybe Boing will make an offer? A number of boing aircraft are fitted with Rolls-Royce engines, which will soon include the entire USAF B-52 fleet.

I think you're forgetting what these forums are for bonkers? They're for posting opinion, both for and against so get used to it.

Bonkers, please go to those boards and deramp. Nothing would make me happier for you to waste your time! Go there right now please.

Hi Bonkers, I'm not invested in anything atm. The markets are too volatile right now and I don't see that changing any time soon. I'm 100% on the sidelines in a good cash position, happy to stay that way for the foreseeable future until world events calm down a bit and some sort of calm returns to the markets. Right now, that's a long way off. If you want to deramp any of those boards, be my guest, makes no difference to me whatsoever. Rolls, ASOS, Boo, Capita - all are far better investment propositions than cine in my view (having said that, stuffing your money under the mattress would be a better investment proposition than cine, at least your cash would be safe!)

My view is Cineworld will end up in administration and another operator will snap up the assets at a knockdown price, much the same way as the ASDA brothers are doing with McColls. Their cinemas will live on - but it'll be under a different name. Mooky may have had genuine intentions and big aspirations for the company, but nobody can possibly argue his decisions over the years have been anything other than an unmitigated disaster for the company and it's shareholders. And accepting huge pay and bonuses at a time like this just comes across as greedy and putting one's own interests before the welfare of the company and it's shareholders.

5d = share price down -16.51%
1m =down -19.05%
6m = down -59.98%
1y = down -72.98%
5y = down -91.95%
Max = down -66.26%

"Canadian court ruling not based on law"

Good grief, say no more! lol

The Canadian courts have already ruled Cineworld liable and ordered the company to pay Cineplex £700m. The appeal is little more than a delay tactic to buy some time. I think Mooky knows it's unlikely to succeed. If they try to raise the money by way of a placing, shares in issue will probably end up in the region of 5bn which would put the share price at around 8p.