RE: Insiderinfo believe it or not we think the same mucker26 Apr 2022 20:52
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.