Member Info for giantsquid

Morning Jai, I'm in at just over 55p I think there'll probably be another 2 or 3 trading opportunities before it's time to get in and stay in ahead of the reopening. When the virus first hit I got in at 22p part of me wishes I'd held but my strategy from day one has been to trade and build up a decent pot of money ready for when the doors reopen. Cineworld hit £3.19 last april and the line up of movies looks impressive, plus pent up demand will be huge from the moment doors reopen - people have missed cinema and normality and are itching to get back - you only have to read their twitter feed to see evidence of that. Share price will move like a coiled spring once doors reopen quickly hitting £1 imo then long uptrend towards £1.75+ over the next 12-18 months or so.

Now have a look at this huge queue for McDonald's after a drive through reopened! and that's just for a burger! imagine what demand will be like when Cineworld reopen! It's going to be mental and the share price will definitely respond.

https://www.bbc.co.uk/news/av/uk-england-london-52737641/coronavirus-queues-for-mcdonald-s-drive-thru-in-sutton

Evening Jai, the news about the China listings broke over an hour ago and the DOW has stayed well up so not viewed as a negative by investors. Regards MF I think the clue is in the name tbh I find they regularly contradict themselves from one article to the next, cineworld being a prime example, so I don't pay much attention myself. Shares wise I'm doing quite a bit of trading atm trying to build a bigger pot of money - once we know the date for reopening, I'll be in for the long term although I may top slice and reinvest on the dips to further increase my holding where I can. Marstons is another one to watch imo again I'm only trading it atm but can see that over £1 eventually. On general chat I posted a list of coronovirus biggest fallers many of which I've been trading, not always successfully lol, tbh there are so many bargains around atm but Cineworld probably appeals the most and its probably the one I'm most bullish about. I guess I just like the company and their cinemas and I like the movie industry and know how popular cinemas are.

AMC cinemas are owned by Chinese conglomerate Dalian Wanda Group

Breaking news : senate passes bill that could delist Chinese companies from US exchanges - I wonder if that will affect AMC? Could be a positive for Cineworld? Once the company acquires Cineplex it'll be the largest cinema chain in North America, would be good if the main competitor isn't even listed in the US?

https://www.marketwatch.com/story/senate-could-vote-on-bill-that-could-delist-chinese-companies-from-us-stock-exchanges-2020-05-19

When coronovirus first struck, they also published this article in which they described the share price as bargain basement (market cap at the time was £776m versus today's market cap of £801m which, let's face it, is only marginally bigger, so presumably today's market cap is still in their bargain basement range or at least very close to it). They pointed out how low the price to earnings ratio was, pointed out how home viewing does not compete with cinema - it complements it, pointed out that critics of the cinema model don't understand the product and how popular it is. It never ceases to amaze me how these articles can chop and change so dramatically from one extreme to the other over such a short period of time and for no apparent reason! Maybe the bear who wrote the most recent article wasn't aware his colleague also wrote a bullish article not that long ago? Communication problems perhaps in the office?

https://www.fool.co.uk/investing/2020/03/13/looking-beyond-the-headlines-i-think-cineworld-shares-are-at-a-bargain-price/

There's nothing about this in the FT either from what I can see. The only mention of June they make is in reference to the Cineplex deal. As I said earlier, the company would have had to RNS it if there was any truth in it. The fact they haven't I would say its a complete fabrication.

If it was official they'd have had to RNS it. It would have been stated in their Covid-19 update. And it isn't from what I can see.

Hindy : "the bod said they had sufficient funds to last up until June"

Where did they say that Hindy? I can't see it in any RNS....

Today's share price movement looks very similar to that of numerous other shares out there including Lloyds and Aviva. One thing is sure, the share price should move very much higher the closer we get to reopening, possibly above 80/90p imo

https://www.cineworld.co.uk/blog/new-movie-release-dates-everything-you-need-to-know

Moderna's early stage vaccine produced Covid-19 antibodies in all 45 human participants
https://www.cnbc.com/2020/05/18/moderna-reports-positive-data-on-early-stage-coronavirus-vaccine-trial.html

The Oxford vaccine is just one of many that are being developed worldwide

Many European countries *HAVE NOT* seen a spike since easing restrictions
https://www.businessinsider.com/coronavirus-european-countries-lifting-lockdowns-progress-2020-4

Italy reopens cafes, bars, restaurants and hairdressers
https://news.sky.com/story/coronavirus-italy-reopens-restaurants-cafes-and-hairdressers-after-10-week-lockdown-11990280

https://finance.yahoo.com/news/stock-market-news-live-may-17-2020-221852668.html

Global stocks push higher

Gold touches seven year high

Oil prices surge

European stocks jump more than 2%

US equity futures suggest a firm open on Wall Street

https://www.thestreet.com/investing/dow-futures-surge-as-economies-reopen-oil-gold-prices-leap

fairdealer, my suggestion to you would be to contact the company with your questions. Tell them you're a small time shorter who believes he knows better than those running the company. I'm sure they'd appreciate a good laugh in these difficult times. Perhaps you could ask them if they've encountered any problems ordering "consumerables"?

There is no argument fairdealer. In future, please read what's written in the RNS and don't attempt to misquote from it, or misquote other posters, or make out certain key wording such as "sufficient liquidity" doesn't exist or exists only in "pre-virus press reports". I suggest you read the FCA footnote on this page regarding the posting of false and misleading information.

barchild. It isn't my "sufficient liquidity" it was written just a few days ago by the company in an RNS. Not pre covid. A few days ago. Are you trying to claim you know better than the insiders running the company? Are you really that stupid?

The words "sufficient liquidity" are clearly written in the last RNS, dated 7th May 2020.
I know you can't spell "consumerables" (your post @ 9:59) but I assume you can read what's written in an RNS?

The word is consumables by the way.

Loan installments are being paid. The BoD clearly state in the last RNS they have sufficient liquidity and headroom to see them through the crisis.

"The company has declared borrowings circa £1.3billion"

Ralph Findley, CEO, Marstons (28th November 2019) "bearing in mind that the value of our pub estate is about £2.4bn, so it is a relatively small adjustment on a big number"

https://www.heraldscotland.com/business_hq/18064356.marstons-writes-estate-value-beer-growth-signalled/

From the last RNS, dated 7th May, Marstons BoD say they are confident they have sufficient headroom on both their bank and securitised facilities, supported by a 93% freehold estate. They say they have sufficient liquidity to maintain operations at a materially reduced level of business.

The extension of the furlough scheme will also be welcome no doubt and another positive.

Plus pubs may be allowed to trade in some form before long, July possibly, there is talk of beer Gardens potentially being open with drinks brought out to the customers so they don't have to go inside the pub.
https://www.thesun.co.uk/news/11483875/pub-beer-gardens-social-distance-coronavirus/

Plus Marstons are still making money don't forget from beer sales in supermarkets and online, they have a large and very popular range of beers
https://www.marstons.co.uk/beers/

Plus the company had a good Christmas
https://www.thisismoney.co.uk/money/markets/article-7924207/Marstons-reports-strong-Christmas-fortnight-pubs.html

Marstons will be okay I think. It could prove a hugely profitable mid to long term investment at the current price.

According to LSE financial diary, tomorrow and Wednesday there are a number of UK and international announcements, not sure how any of them might affect the FTSE but I guess its useful to know these things. There are currently no other announcements due this week or next that I can see.

UK Economic announcements - Tuesday 12th May
07:00 GDP preliminary
07:00 Index of services
09:30 Industrial production
09:30 Balance of trade
09:30 Manufacturing production

International Economic announcements - Tuesday 12th May
07:00 Wholesale price index (Ger)
13:30 Consumer price index (US)

UK Economic announcements - Wednesday 13th May
00:01 Retail Sales

International Economic announcements - Wednesday 13th May
00:00 MBA mortgage applications (US)
10:00 Industrial production (EU)
13:30 Producer price index (US)