The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Stating the obvious but the uk lockdown will not affect cine as the doors are already closed and the income has already stopped. Closing shop when the bond movie was pushed back was a smart move by Mooky, which reduced the cash burn for having an open operation for reduced income. Everything is already priced into the share price.
Mooky is smart enough to use this as an oppertunity to negotiate hard with the landlords
Mooky will need to give something to get something back. A small decrease to their operation and job losses are a way of efficiencies i'm sad to say. I think cine will survive in form or another with a view to growing later when the tide has turned.
I'm confident the debt will be restructured otherwise the lenders will get nothing. I'm waiting for an RNS to confirm the restructuring and see how this is reflected in the share price.
I expect some cinemas to locations to close up shop, and I'm also expecting job losses. They will do everything they can to minimise cash burn while there is no income. I think cine will be given a lifeline up to easter until we know where we stand with the vaccine. So yes, i am optimistic, but also cautious.
If the results for the vaccine are positive then it'll be a game changer for the economy. Hopefully cine share price will reflect this in an upwards direction. But right now, as everyone else, we are thinking about the debt restructuring and where it's going leave us before the vaccine results are announced.
Broker1 you have made a point here. Cine can weather this storm and come back as a money making machine, but for now it has to stop bleeding money and manage the debt. The sp reflects the closures due to the bond movie being pushed back and a covid christmas with people staying at home. I have no idea how things are going to go with cine, i just hope the current share price is the bottom and from here we move back to the 50's.
He's protecting the business by keep the cash burn to a minimum. People you are here to make a quick buck will be disappointed, but for those who are here for mid to long term will weather the storm and take the rewards later.
I'm expecting the share price in increase gradually next week based on Tenet figures alone. It has held steady around 60 without tanking. We should be in a new range by Friday. There has been some upward pressure on the share price for a couple of weeks. I think the coming week is the time when it's going to break out.
I knew Tenet was going to be massive. Watching big movies at home is not the same experience. Something like Tenet will also be seen more than once by some people on the big screen.
Mooky knows this is going up and so do the lenders
it's cheaper to buy now than at a possible takeover price, plus maintaining the position of a majority stake by a major holder.
Shares are being accumulated for something.
I don't know about 2 quid but something is brewing with CINE.
This will bounce into the 70's once it moves out of the late 60's threshold. The current momentum is in the upwards direction. A good RNS will see it through. It's the shorters who are scrambling at the moment.
Probably Jangho increasing their holding again.
Exactly. Price needs to be a lot higher otherwise it would become a penny share. Mooky is too shrewd for that.
It's holding steady even after a few large sells. Things don't seem as volatile now.
I don't think there will be a rights issue at the moment as CINE have secured enough financing to keep ticking over. They are more likely to go into a partnership to increase exposure and revenue.
Lift off is coming any day now. We just need a good RNS from Mookie on what direction he intends to take the company, and details of takings from recent openings, and we are away.