RE: CINE20 Aug 2022 11:24
As soon as they lost that court case last year and sp plummeted, I took a very tough decision to sell out of CINE with a 45k loss at 28p.
Holding CINE was giving me sleepless night, I knew it was risky, felt it was cheap and could make a quick buck, but there was always going to be either a D4E or this scenario.
So I walked away with about 40k and still havnt made up that loss yet, but I used that 40k to add to my CPI holding, and although I'm 21k down here on 300k shares, I don't have sleepless nights, I know the turnaround is progressing , slower than expected, and I have never had that niggling feeling that CPI could go bust.
Similar number if shares in issue, CPI debt approx 500 mill give or take CINE 9 billion, revenues around the same, sp up to last week CINE 20p CPI 25p.
Can anyone hazard a guess if CPI sold off all their businesses, liquidated, paid their debts, what would be left?