Member Info for giantsquid

Disney make more money via their streaming service than they do via the cinemas. The other picture houses will be looking at their model and weighing up if it's something they should be doing as well, no question about it. And if other movie studios do decide to follow Disney's lead, it'll be the end of cinema.

Not good for Cineworld. Disney is a major film company, the danger is, if others follow suit it could be the end of cinema.

Crumpets, calm down, you sound agitated? Maybe you're over invested here and feeling the heat slightly? Avatar was widely seen as spectacular on the special effects, but dull and boring to watch. It only took big money because of the hype - sadly it didn't live up to the hype. People will be rightly wary of avatar 2 (infact I suspect many will give it a very wide berth).

James Cameron is a brilliant director, but he made a rookie mistake with avatar by focusing too much of the special effects. The movie is incredibly dull. It takes over an hour to even get going. And the storyline is particularly weak. Alien & Aliens were both outstanding in terms of special effects, suspense and storyline. He got it right with alien, but he got it wrong with avatar. It took a lot of money because everyone had high hopes. Sadly, after watching the film many were left bitterly disappointed.

Avatar - bland, boring and empty
https://headstuff.org/entertainment/film/avatar-10th-anniversary/

6 reasons avatar sucks
https://www.google.com/amp/s/www.overthinkingit.com/2010/01/13/6-reasons-avatar-sucks/amp/

If Avatar 2 is anything like avatar 1, it'll be another dull boring yawnfest of a movie. I'm a big fan of James Cameron, but he ****ed up big time with avatar. Too much focus on special effects and not enough focus on the storyline. The Smurfs were big in the 80s but James Cameron really should have left them there.

With such a heavily shorted, high risk company as this, true investors, indeed, wise investors, will steer well clear. This is one for shorters and those who enjoy a flutter on the horses. Tomorrow this'll probably tank again.

New variant in southern France found to have '46 mutations' from original Covid
Strain could have originated in Cameroon

https://www.walesonline.co.uk/news/uk-news/new-variant-southern-france-found-22631670

I've never shorted a stock in my life, have no interest in it. I'm not against shorting, it's perfectly legal etc but it's just not my thing. The pandemic has probably made a lot of shorters rich - stocks have gone down far more than they've gone up. Unfortunately the pandemic is far from over. Plan b has just been introduced in England which will affect all indoor venues, including cinemas. New variants will almost certainly follow Omicron. There's currently a new health scare sweeping Canada involving a brain disorder and a new variant of concern has emerged in Cameroon with cases already found in Europe. The future is bleak for the markets.

The government has announced that England has moved to Plan B in response to the risks of the Omicron variant.

This means:

Face coverings are required by law in most indoor settings.
Office workers who can work from home should do so.
Certain venues and events will be required by law to check that all visitors aged 18 years or over are fully vaccinated, have proof of a negative test in the last 48 hours, or have an exemption.

I'm neither long nor short here. I'm a film buff and a cinema goer, hence my interest here. Im not invested in the markets at all right now, I'm 100% in cash. There won't be any v shaped recovery, we can all forget about that. The recovery is going to take a very long time to say the least and it'll be a bumpy road for all with more variants and more scares to come. I'm not tempted at all to buy stocks for the foreseeable future because the outlook remains so bleak. Part of me hopes Cineworld pulls through and makes a recovery, because I do think their cinemas are great, I visit my local Cineworld quite often. But I think it's a particularly badly run company and the decision by Mooky to try and acquire Cineplex when debt was already massive, was an extremely bad, costly and damaging decision on his part. The company was clearly over-stretching itself, everyone could see it apart from him it seems. A few good films isn't going to magically turn the debt situation around. In my view, the appeal is a last ditch desperate attempt to stay afloat for a little longer while they try and figure out what the hell they're going to do to get out of this mess. Shareholders will end up getting screwed one way or another, the least they can expect going forwards is massive dilution.

Shorters will be feeling entirely comfortable at this price. Because the stock is near worthless when you factor in debt. When the company loses the appeal, they're going to have to find another £700m from somewhere. Big dilution coming.

Different business models but similar situation, both companies in mortal danger of going bust, share price sinking as a result.

RS, people like you were calling Debenhams a bargain at 32p. And they were telling everyone to fill their boots when it fell further to 20p. At 10p they were calling it the bargain opportunity of a lifetime. They ignored every critic, disregarded every opportunity to sell out while they still could. Just like the captain of the Titanic they faithfully held on to those "golden tickets" of theirs all the way to 0p when it went into administration. And when the penny finally dropped that they'd lost all their money, they turned on eachother. Meanwhile the critics who were affectionately known as "trolls" were left telling them "we told you so". The debt pile is insurmountable. The court case has been lost and so, in my opinion, will the appeal be lost. They're just delaying the inevitable. I wouldn't buy here if it fell to 5p or lower. It's just too risky.

Personal abuse and accusations of being a shorter. That's what you get for having a negative view of the company's prospects. Who are the real trolls here? These chat forums welcome views both for and against. Deal with it like adults and keep it civilised, or all of you will be reported. If you want to filter, please do so, that's what it's for. In the meantime, I'll post here as and when I see fit.

I was invested in cine at the start of the pandemic. Bought in at 20p sold at 50p made a very nice profit. Haven't touched it since, nor will I be, especially not now that they've lost the court case as well. I'm an investor not an out and out gambler.

"Cineworld management is in a tough spot. What seems likely though is that the existing shareholders will be heavily diluted and may not recoup their initial investment for a very long time.”

Analysts at AJ Bell said: “The timing couldn’t have been any worse"

https://www.cityam.com/cineworld-payout-cineplex-canada-court/

Peel Hunt analyst Ivor Jones believes that while Cineworld might win the appeal, or negotiate a different settlement, ‘the damages are in excess of Cineworld’s available resources.’ While the chain has already mooted a new listing in the US to generate some cash, it might find it difficult to entice new investors to buy stock, given that it’s already struggling with a mountainous $8.3 billion pile of debt. It’s possible that the company is finally at the end of its financial rope.

https://www.ig.com/uk/news-and-trade-ideas/is-there-no-way-home-for-the-cineworld-share-price--211215

Saby, I comment because I find the story interesting and I because I have a viewpoint. These chat forums aren't exclusively reserved for those who are long and invested. There is a filter option which you can use if you find my honestly held opinions at odds with your own..

You're the one who's invested my friend. It's no skin off my nose whether you disregard my views or not. As for shorters, firstly it's legal in the UK. I'm not a fan of shorting myself, never done it, never will. But considering the debt and the court case, it seems to me those betting against the company are probably wiser than those who are long. I think there's far more likelihood of the share price going to 0p than 100p let's put it that way.