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no it wont. we will continue to drift down. just accept this. This is a risky share in a bear market, during a war, cost-of-living-crisis, and coming out of a global pandemic. If you cant accept this then sell now to avoid pain.
The only thing that will change this is some actual news from CINE. This seems unlikely until September.
yup, it may take a while, but we will be back at £1 eventually. Much sooner if we win the appeal.
I guess, but he also says that the waiver has 90 days - so no one knows. Except Insiderinfo.
Here Insider - I asked CINE for you:
Dear
Any update on the RCF would come either at the interim results or via an RNS if the RCF is refinanced or a waiver is obtained (deadline to obtain a waiver is 90 days after test date)
On the dissenting shareholders, we are still in discussions and will inform the market via RNS once an agreement has been signed.
Kind regards
Investor Relations
Cineworld Group plc
p +44 (0) 20 8987 5000
Lol insider you definitely have a short position. It’s ok man , you can still make good money. Hang in there.
My view - don’t take advice from anyone online. Especially not here.
I’m not worried at all
Mad stork - I’m going to go one step ahead here - I think that the volume of movies will increase quickly. Movie producers get excited about 1billion profits. It’s coming.
we are at a 60-65% BO from 248 releases, when 2019 had 910.
I think the BO will be bigger than ever next year.
I think that CINE will get waivers on debt until then .
I think your short is more risky than my long position.
Time will tell.
Mad stork - what is this years cumulative North America box office so far?
Tommy - I would add that we hit 81% of BO 2019 , but with HALF the releases . We had 90 releases this year compared to 2019 which had almost 200. Cinema is SOLID. Now as Hollywood wakes up again, this time next year we will have the volume. Imagine what the BO will be then?
Cineworld just has to survive until then. I don't care if its a waiver , loan, or equity swap. Debts and court fines can be repaid.
I’m sure they’re not tired at all, and will be back soon.
Well said bonkers
I think we gonna win the case personally
https://www.thetimes.co.uk/article/cineworld-s-horrow-show-is-not-for-the-squeamish-q3v2288d2
Bonkers - I have a feeling that you will never have the option to sell at 80p. If the court case is ruled in our favour, the sp will rocket to 120p at least. If we lose, who knows how low. I don’t think there will an in between .
Mcdunn, don’t give up just yet!
I recon Thor will do wayyyy better than dr strange
Ocean very few people here are punting the stock, and you are the only one giving advice.
Yup I’m about 60% down . My avg is about 60 I think .
Will be a big one