Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
I thought that we had already calculated out on this BB. My predictions were December before CINE ran out.
SaihajBolox, that's what I want a Bollywood song and dance at my doorstep... get real. Anyways who cares, if you didn't want then you shouldn't have asked.
LOL
Today the price took a hammering. I presume that with correct financing, restructuring and fair capital raise the private shareholders won't expect to lose much more than what they've been hit by today. HOWEVER - it's imperative that CINE raise more than what they need and then return it back to the coffers in the future. This way survival is almost ensured.
CINE management need to appeal to the public first - get them onside. Make it obvious how important cinemas are and the value that CINE offer. Then play the Gov
Yes there is a chance. CINE need to get the banks and FTI off their back and raise more capital - take the dilution slap in the face and ride it out. It's that simple.
However, it would have been better to have that negotiation and fund raising two months ago, to avoid the off chance that the studios might stab you in the back i.e. prior to the credit rating getting shredded.
They could sell some of their lesser valued cinemas and provide a token gesture capital raise.
Bad management - should have informed the employees first before pulling a stunt.
@saihaj, it's possible, but I don't agree - I think this was a bad decision from last month.
I would love to give you details, but the clowns on this board are exactly that - clowns. I've taken some to flotation and others although I didn't own a massive stake, had higher valuations than CINE does right now.
"Why is it trading much higher (31p) in the USA?" everything is bigger there.
@RS2002 and @Mark - Many cinemas are facing a struggle - however they are not as debt laden. The backers and lenders will at some point want to see return or make up for losses by dissolving the company. Past debt tests won't count, not at the ratings given in the last few weeks. Note that CINE made the statements with full closing, whilst the other three (Odeon, Vue, and AMC) remain partially open.
Yes hospitality and leisure are impacted by covid. A recovery play would be a share that has enough run way and low burn rate. This is very high risk and it won't afford wealth for a very long time if something drastic isn't done. It will not afford overnight wealth agreed. The problem is that there is too much spin on the stock and it has an inflated price. Guitarman and Investroid would have been better to take some huge shorts and then ploughed their profits in for the long.
Good luck.
Stay (3)
Leave (4)
MMM - Make up your Own Mind you Muppet (1)
I think the response has been overwhelmingly positive. I have the deciding vote, so have decided to stick it out for a few more days. Let's see what the end of the week brings.
I'm actually thinking of leaving and closing the shorts. Thought I'd have a bit of fun before leaving. Perhaps share my 30 odd years of experience with what seems like distressed CINE investors. Seems like some are beyond help. Three weeks ago was an ideal opportunity to short the stock - money could have been made back with out expense to CINE. At least the PI's would have got something back. The other option obviously was to catch a falling knife in the morning - which some managed. Anyways - I will most likely be out of here by the end of the week, as I'll get better returns elsewhere - never say never.
@Mark, I would have loved to have gone long, but there are a couple of things that are still stopping me.
That's the delusional spirit I love in you RS. Good job.
Good luck Luke.
Any comments BollyBolox would be really welcome.
p.s. thanks for count.
@Bsinkers You're the one getting rattled, if you don't like it, turn the filters on.
You honour me with your counting. Thank you
@Bolox, you should take a leaf out of RS2002 and Saihaj's book and lighten up. Take a chilli pill.