The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Shrewd not to have too much in Cineworld.
Some here sitting on £20k+ losses!
Only invest in what you can afford to lose, especially with risky shares like Cineworld. It's a huge gamble right now, and really the real catalysts for this stock is the world coming to grips with Covid-19.
Too much liberty/freedom and toss pots in the West, Cineworld's main market, for that to happen quickly.
Really only a successful and approved vaccine announce can truly swing this share. Until then, it's a question of how long Cineworld can survive with it's current balance sheet whilst incurring these huge losses. The recent presentation suggests the group are actively considering further cash raising possibilities.
"I have heard" Did Rishi Sunak tell you?
LoL
You heard what you wanted to hear, that is all.
Cognitive Dissonance.
Everyone has the right to reassess their investment on new news.
I would say the publication of the 2020 interim results, materially satisfies that criteria and really lays bare the state of Cineworld.
Don't fall in love with a share. Like I've said time and again, she will take your house, children and leave you with the child support payments.
Bullet point clearly written in the 'Outlook' slide on the live presentation right now
$1.6billion loss, currently being covered in the presentation.
A huge huge figure!
By the big boys. Hope no1 decided to buy more on the false rise.
10% comes from the UK, the second biggest market to Cineworld after the US.
10% is not irrelevant. In the current climate, every single £1 of revenue counts!
There is no balance in what you wrote.
All you said was, enough liquidity till September 2021, without quoting from the RNS that is can and may change due to risks such as further lockdowns and studios further delaying movies, both of which have happened over the last few days.
Balance my a$$
@RS2002
If liquidity is so rose, why is one of the first things in todays RNS the following
"There can be no certainty as to the future impact of COVID-19 on the Group. If Governments were to strengthen restrictions on social gathering, which may therefore oblige us to close our estate again or further push back movie releases, it would have a negative impact on our financial performance and likely require the need to raise additional liquidity."
"If Governments were to strengthen restrictions on social gathering" - The UK governmant have already done this, including a few in Europe
"or further push back movie releases" - Disney delayed a large part of their catalogue yesterday, moving Black Widow to summer 2021. The only blockbusters this year now are WW84 and Bond, which may also be moved.
@NOFEAR
Well done (*__*).Please join the rest of the money loosing rampers group.
Investing in shares is not for you. Maybe it will be better for you to learn the fundamentals, read a few books, watch a YouTube video first.
The goal is to make money, not be locked in a share you can't get out of, hoping to one day see your hard earned again.
Investroid.
15% down today, more to come over the next few days/weeks.
"My Take", you mean "My Positive Spin" right?
No acknowledgement of the precarious position or real risks faced by Cineworld. Just a bunch of nonsense.
Whats your loss right now? I am curious. Oh wait, sorry I mean 'paper loss'?
I TOLD YOU SO!
I've been telling you so for a long long time and so has @indepthwins and a few others.
The lack of movies to bring in revenue, with the drought growing as Black Widow is now too officially delayed to Summer 2021
The likely covenant breaches, spelt out in plain English now in the RNS
The very real risk of having to raise additional liquidity spelt out in plain English now in the RNS
The monstrous debt to service
The on-going risk of further lock downs
The writing has been on the wall for a while yet a few of us have been non-stop attacked for our views..
Where are all the rampers this morning?
Where is all the talk about a surprising positive update to the dire Cineworld estate?
Where's all the positive spin about Jhango and MS buying stock so this must apparently fly?
Where is all the talk of no cash raise needed because Mooky is a large shareholder therefore is immune to cash raises?
Where is all the talk of Disney not delaying Black Widow because it will affect their other movie lineups?
Where is all the talk of the pie in the sky 180p valuation from the nobodies over at Peel Hunt?
Where is all the talk of Disney buying Cineworld?
Where are @guitarman001 @RS2002, @TheMuir01, @NardNiles, @Saihaj, @PrayFor, @Bolox, Mrahman20 and the rest of you chronies.
Ramping delinquents, the lot of you.
We should all put you on filter lists but I don't roll that way. I don't bury my head in the sand to alternate views.
Like I said, the writing has been on the wall for this share for a while. It may be worth a punt once liquidity concerns are addressed but until then, that is the elephant in the room.
I will not look to enter until at least the liquidity concerns are first addressed.
You all fell in love with the share. Blinded by it's beauty that she's taken the house and left you with the child support payments. I would say I hope your naivety didn't cause you to lose a lot of money but your collective abuse to me and others, well karma.
Eagerly awaiting the positive spin on a horrendous RNS from the cheer-leading group of Cineworld....
@johnygaddar
I made it clear I calculated the difference based on the point I sold all my holding yesterday, which was 306p, not the closing price.
My portfolio doesn't show my profit or loss on a day to day basis. It shows me it on a buy and sell basis, currently around £4k.
But again, thanks for looking so closely at my numbers.
The most important thing to glean is that I am in profit. You should try it sometime.
It's like a concerted effort with all you clowns isn't it.
Keep it coming.
@johnygaddar
Playing the victim after you bait me? Classy
Boo has dropped back a little bit this morning from the high of 334p so let's take the current price at 328p.
Sold 2/3 of my holding yesterday at 306p, leaving 16330 shares. The price is now 328p
16330 @ 306p = £50k
16330 @ 334p = £54.5k
16330 @ 328p = £53.5k
Those shares have risen roughly £4k since I sold 2/3 of my holding yesterday, give or take.
Anymore of you with tin foil hats on?
Did you not read the fact that the current price is lower than my buy in price from when I made a killer profit the first time?
What on Earth would I have to be upset about and what boat have I missed?
My Boo holding made me £4k today, granted about £8k less than it would have been if I kept it all in there, but my plan was to always reduce my expose by two thirds prior to results on September 30th. That money that has been removed is going towards a London property.
Honestly it feels like no-one here has a concept of strategy.
Profit is Profit. £1 or £10,000. The goal is to always be in blue and never in red. I don't fall in love with a share and I don't get too greedy.
You sound like the type to sell his grandma for a little bit extra profit.
Maybe you should focus less on what I'm doing and how much money I am making and focus on recovering your losses first.
There's a good chap.
@Saihaj
In comparison, you're writing Shakespeare everyday right? *eyeroll*
Please go back and join @Mark44085 in the basement, and don't forget to put the tin foil back hat back on. The illuminati are watching.