Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Deltalo, are you for real? Scratch below the industry wide film slate abs look at Cineworld as an actual business, look at the court case award, look at the debts, look at its income.
This could very likely go below 25p this week.
If any of you have any sense you get out while you can with something and don’t sink with the ship.
Keep staring at the stars bonkers, you’ll be seeing water in due course when the ship sinks and you say “I didn’t see that coming, I can’t believe it” - let’s hope others aren’t as arrogant as you and can see what’s coming.
Like you say, an opinion board - in good time we will find out who is right.
You’re missing a small part bonkers, that was my belief BEFORE Cine lost the huge court case.
Even if, and it’s a big if, the award of damages is reduced - even a significantly lower award of damages is very likely to be enough to finish Cineworld or at very least force them to dilute the already low share price to pretty much nothing - leaving you and everyone else who buys into your posts losing essentially all of their investment.
I was in Cineworld for a long long time, had an average of 52p and sold out at 63p. Like everyone else I wish I hadn’t been greedy and sold out at £1.20 and then at £1 or even at 80p when it bounced with Bond. That said I feel incredibly lucky to have made the decision to sell when I did, look at where it’s at now? In the 20s???
If the court case award isn’t changed dramatically what do you feel will happen with your investment? Or say it’s even halved? Where is the money coming from to pay that? Look at the facts, look at the numbers, look at the price graph.
On here you often hear of a huge films that does or will do 100s of millions of even 1billion at box office, you all talk as though Cineworld gets all of that? What percentage of the market share are they getting from it?
It isn’t enough to consistently service it’s absolutely huge current debt far less pay any form of remotely large compensation claim.
Mooky has done a horrific job in my opinion, his communication with the markets during the pandemic has been woeful. Everyone buys into how he has so much skin in the game, clearly if the ship is sinking and it goes under - he still is a very wealthy man. Look at his huge bonus he just paid himself, for what exactly? Share price is now sub 30p.
Make no mistake, this is a sinking ship and you staring at the stars isn’t stopping it taking on water and sinking as you sit in it.
For the love of god, no matter how huge your losses are - something is always better than nothing.
SELL BEFORE THIS DROPS EVEN FURTHER AND YOURE LEFT WITH NOTHING.
What you call negativity I would call being realistic.
Telling yourself and everyone else around you CINE is going to suddenly become good and make loads of money, that you’re holding out for the £1.90 a share doesn’t mean you’re going to live longer - it simply means you’re deluded.
Seeing this share for what it is, doesn’t mean you’ll die soon either - it simply means you’re not deluded.
This one post sums up the idiots who have invested money in CINE whom I doubt very much can afford to lose it all, as is going to happen, due to idiots like Bonkers and his cohorts talking up this share making out it’s going to be fine and will make everyone lots of money.
Look at the figures, the facts, the deafening silence and like of correspondence to share holders from the horrific CEO Mooky.
Get out this share as soon as you can, yes you’re most likely sitting on losses but something is better than nothing - DONT go down with the sinking ship.
Batman figures BELOW expectations, the golden goose has failed to deliver.
Going to be yet another down day, the ship is well and truely sinking - as was said previously, don’t listen to me or other posters, simply look at the results and listen to how upbeat and positive Mooky was….not.
The least enthusiastic and engaging CEO ever? He may well be and that only adds to how quickly this company will go down, it’s when - not if.
Didn’t need to wait long to be fair, just until Mooky the captain of the ship spoke.
He hardly installs much confidence listening to him I general. His silence in the last number of months has been deafening, never ceases to amaze me the number of people on these boards who genuinely think he’s going to pull some sort of rabbit out the hat and display an ace he has up his sleeve. He hasn’t in the last 2 years and isn’t likely to now.
Look at AMCs CEO, always been very active on social media and doing interviews etc. Mooky is polar opposite which in my view is a huge disadvantage to Cineworld.
Is frightening when you actually look at the numbers, as I said yesterday the ship is taking on water and sinking more and more each day.
Horrific share to still be invested in, hoping and preying for some sort of miracle that will never come.
Posts like this that shouldn’t be highlighted as dangerous and called out.
Told you.
I was previously in this share for a long period and thoroughly bought into in and had high hopes and belief in it.
Indeed when it hit £1.20 I was celebrating like everyone else though got greedy and assumed £1.50 was just around the corner - NoFear was only person I heard of who timed his exit perfectly.
I then sat and waited and waited and waited and waited, expecting it to start climbing back to the £1plus mark - I sold out at 63p in August last year and it’s best thing I did having watched from outside at it continually drop.
It was meant to rise when we reopened, when big films came back out, when restrictions lifted, after results, after debt waivers - the list was endless and every one of the milestones seemed a good reason to wait for but despite a few mini bounces the overall trend was down.
After the court ruling on top of the huge amount of debt and additional debt I feel this is now a sinking ship - slowly but surely taking on water.
Even if the profits go back to pre covid levels tomorrow, even if they renegotiate the compensation due from the court ruling to half that amount - they are still going to struggle to meet debt criteria and payments.
This board is full of people who will say it’s going to 0p next week and others who will say 2023 it’s going to £2.50 - my advice to anyone would be look at the facts and figures and not this board to influence you decisions.
Those thinking this is going to bounce hard after results will be disappointed, of that I’m sure. For a long time I was convinced it would be a takeover target but that to is now an impossibility with the levels of debt nobody will touch it.
If you buy in at these prices and can afford to lose then take a gamble as may well be 3 times profit in this but equally you may lose it all so be wary.
If you’ve been here long term and have huge losses so are holding on in there thinking it’s only a matter of time, my advice would be leave and take what money you have in it unless you can afford to lose it all - if you can then enjoy the ride.
Cineworld used to be a roller coaster, now it’s more like an elevator and only way seems to be down.
“ InsiderInfo28 obviously looking to buy-in cheap…
Why else would anybody bother to type such a long spiel if you have no investment here? Not even mentioning the blatantly obvious intent to try and play on investors’ emotions.
Regret to say, it certainly didn’t work on me. :)”
Unfortunately it looks like you’re more in the wrong than me, glad you didn’t sell so nobody could get shares cheap, it’s cretins like you that are going to cost good people all of their money in this, reading some of your previous posts it’s abundantly clear you have no clue what you’re doing.
You keep holding though, pretend you’re in the Navy and you’re going down with the ship....
Strap yourselves in the auction has started. I see 25/30p open.
Timeshifted...
I was here long before you appeared on the board tome shifted, as my post history will show you I was very much invested largely here for a long time.
I’ve no interest in buying back in at any price as I now believe this share is going to 0p.
I simply came on to wish those who id been in contact with over my time here well and just and urge those still in two minds to sell before they lose everything.
Nothing more - nothing less.
Good luck with your holding though, I’ve a feeling you’ll need it but nobody will need you to sell your holding to get cheap shares if they want to buy in here - trust me you holding won’t stop this dropping like a brick this morning.
The JP Morgan’s of the world will often increase of reiterate prices purely to suit their own agenda and isn’t necessarily what the think (know will happen) - make no mistake this is a disaster for Cineworld and dont let anyone tell you otherwise
Some of you may remember I was in this share for a long long time and endured the ups and downs over the year.
In the end I sold up as I became too impatient with the stagnant share price for months and I ended up selling at 64p for a bit of profit albeit kicking myself I didn’t sell at £1.20 the same as we all were.
I still believed in this share and that it would sooner or later take off and get back over £1 and upwards but having still got the RNS email updates I’ve woke up to see the judgement.
I definitely did not see that amount coming, I thought minimal token gesture of $200m figure.
Been a lot of good people in this share during my time in it but for those still in it, you’re now facing the prospect of literally losing it all as the companies financial footing was already precarious and very much dependent on no more lock downs and big movies being released steadily.
This judgement, albeit will be appealed, WILL finish Cineworld - please don’t listen to people on here saying don’t panic just hold and it’ll all be good etc. It won’t. If you want to go down that route please only do it if you can afford to lose every penny you have invested - most of us need the money so it’s better to walk away with something and rebuilt than to walk away with nothing.
Please don’t let yourself be influenced but others on here telling you it’s nothing to worry about etc it really really is, in my view the sooner you sell the better.
PUT YOUR SELL ORDERS IN ASAP AS THIS IS ONLY GOING ONE WAY.
Genuinely gutted for you guys and good luck what ever you decide.
I sold as, like I said, I ran out of patience. For me I’d rather have the money in other shares that are likely to move quicker.
I do believe the price is currently as low as it will likely go but I don’t see any signs of it moving upwards anytime soon.
It’s always been waiting on something and expecting a rise that never seems to come:
- reopening
- films being released
- vaccine rollout
- NYC and LA reopened
- securing funding to give breathing space
- results to give the markets clarity
- big investors staying in
- lockdown restrictions being lifted / capacity restrictions gone
Etc etc etc
At every mile stone price hasn’t moved as expected, I’ve simply lost patience with it. I’ve no doubt at all if you were happy to stick it in a drawer forget about it and go back in a year or two it will 100% be a very good profit - I simply like to see my money earning for me in the hear and now.
Need to draw a line in the sand somewhere and this was my point.
Patience ran out in the end, best of luck to everyone with the patience to carry on, it will go up and up a lot - problem is when.