Member Info for giantsquid

Today's rise looks like a classic pump and dump. By tomorrow it'll be back down again in the low 30s.

There's no saying where the bottom is here, but I'd say there's a close to 100% likelihood the price will be back above £1.50 within the next 6-12 months or so. When you look at things with a slightly longer term view, anything below £1 is pretty much in bargain basement territory. I haven't dipped my toe in yet because I don't see any immediate urgency to do so, I'm happy to watch and wait a little longer, as I suspect many others will be doing. Big money will be watching this and hoping for the chance to buy in at an even lower price - we all know the issues are temporary, give it a few years and this will be over £5

A US listing would cost the company A LOT of money - it isn't cheap. It would also put a lot of extra burden on the company in terms of time, energy, focus and workload. On the plus side, the hope would be improved liquidity and easier access to capital (essential when you're drowning in debt and reliant on further fundraising to ensure your survival). So there are pros and cons - the market might respond positively to it, but then again the additional costs involved might be seen as a negative. For existing shareholders, a US listing would not result in dilution, shares in issue would remain the same.

If you list a dog of a share that's burdened with massive debt on another exchange, unless investors there are stupid, they'll avoid it like the plague (the only hope is US investors really are that stupid and don't do any research)

I wonder how high the share price would be right now if mooky hadn't screwed up the company burdening it with massive debt? Shareholders who are underwater have a right to feel angry.

"Shorts need your shares or they are in deep trouble"

Why are shorters in deep trouble Ian? The company has been steered into the ground by an incompetent management, it's crippled with debt and it's just lost a £700m legal case. Shorters have consistently called it right. They've been making big money shorting cineworld for months. It's the longs who are feeling all the pain, not the shorters. Far from being in deep trouble, shorters must be laughing all the way to the bank.

All the online retailers are suffering the same, their shares have been falling for months. So this isn't an issue specific to boohoo. It's easy to assume there's a problem with the company at times such as this, but it's a sector problem, not a company problem. All sectors go through periods of boom and bust. After years of growth/boom the cycle reverses and you get weeks/months or years of decline. At some point the bottom is reached and buyers begin to heavily outweigh sellers, shorts close because they see little further downside, and the cycle switches back to one of renewed optimism and the shares once again begin to uptrend. The tide always turns - when that'll be is anyone's guess, but the lower the price goes, the more buyers will begin to flood in and take advantage. By 2030 (or before) boohoo could very easily be £5+ a share - online is the way forward, it's the future and we're always going to need clothes! The sector is out of favor ATM but it's only a matter of time before that changes and the next prolonged period of growth and boom begins. Those buying at a time when the sector is down will be rewarded handsomely in the years to come, but it's going to take patience. Boo, Ted, ASOS will all bounce back strongly in the years to come.

I think this will be sub 10p before long, possibly sub 5p. This isn't cheap at 35p it's actually massively over valued when you compare total liabilities to total assets. The company's debt pile is many multiples of mcap. Cinema has a bright future and I'm sure the sector will make a good recovery, but cineworld is in a bad place, much of it self inflicted, and it's the company that shareholders are invested in. If I was a shareholder, and I'm happy to admit I'm not, I would be selling my holding and running for the hills. There are plenty of far better investments out there than this.

"I still believe"

Rule number one, never allow yourself to become emotionally attached to a stock.

Huss, I don't think a few bailing out is going to affect the share price! My point is cineworld is going to take months if not years to recover. And the risk of the price tanking even further is a very real one. The online retailers are near historic lows and beginning to look interesting, is the point I was making.

The only winners here have been the shorters. The longs have consistently called it wrong. Sell up and put the money into boohoo would be my advice. But I'd wait a bit longer for it to bottom out. More chance of getting your money back in that than cine.

"Cineworld should be a beneficiary of cinema's revival... but whether the market will recognise this given the mess the company finds itself in is open to question," AJ Bell investment director Russ Mould said.

https://www.reuters.com/business/cineworld-talks-with-former-regal-shareholders-over-payments-2022-02-01/

If only mooky hadn't tried to acquire Cineplex at a time when the company was already in massive debt, they wouldn't be in this mess and the share price would be much higher. It's a shambles imo and the longer it drags on, the longer the share price will continue to languish in the doldrums. There's very little upside in the near term future while this legal situation drags on. There's too much uncertainty and I think many investors will be giving it a wide berth. And if they lose the appeal, which seems the most likely outcome, then there's no saying how much lower this could go.

Dow plunging again, tensions with Russia continues to mount. The markets are getting spooked, the global sell off continues. Meanwhile the US continues to see record numbers of omicron cases and all the hospitals are full. Having a senile old fool like Biden in the Whitehouse at a time like this is frankly terrifying, particularly with regards the Russia situation. I can't see a military conflict with Russia - surely even Biden wouldn't be that stupid?

Putin stages naval drills off of IRELAND: Dublin condemns 'unwelcome' Russian operation planned for next month as fears grow over war in Europe and UK withdraws Kiev embassy staff

https://www.dailymail.co.uk/news/article-10434583/EU-set-unity-Russia-invasion-fears-mount.html

Capita has their fingers in a lot of pies - I can't see it going under or anything like that. The share price is at or near the bottom imo and long term I think this will see a strong recovery

High inflation, rising omicron cases, economies in ruins and now the threat of a showdown with Russia - the dow is also sky high and at risk of a massive negative correction which would unquestionably affect global markets. Stocks will continue to get battered I suspect for the foreseeable future.

It seems the US is still suffering pretty badly with the pandemic :

US hospitals struggle as Omicron Covid surge delays other treatments
https://www.theguardian.com/world/2022/jan/22/us-hospitals-omicron-covid-surge-treatments-vaccines-cdc-walensky

200,000 shares @ £0.0150p is £300

I might take a punt if this goes sub 5p - just a few hundred quid (couple of hundred thousand shares or so) the way things are going, it's only a matter of time before the next big drop imo as the debt level is unsustainable.