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If their “demand for over a billion is because that's how much their shareholder payout would have been if the deal went through” this would have been genuine and valid grounds if they actually paid that much to shareholders.
Here there were no payments done to shareholders which means the demand is totally invalid.
I’m hoping the judgement comes soon and the SP takes off.
Can’t see what was the basis of cineplex demanding over a billion- did Cineplex suffer huge losses as a consequence of CW pulling out? Their losses were all due to pandemic.
Ridiculous demand.
From Motley F, “At the same time, the fact that its price-to-earnings (P/E) ratio is ridiculously low is a sweetener too. Depending on the source I consider, it ranges between three and five times. That the average FTSE 100 P/E stands at 20 times puts this into perspective. “
It’s truly a bargain then. Amazing potential.
Just speculating on the court case outcome, it is possible that Cineworld loses the case but no damages to be paid as pandemic was something on which no parties had control. Most of the spend on merger and integration was coming from Cineworld. At most the Cineworld will have to pay damages to the extent of any expenses cineplex made towards integration plus the litigation cost, which seems minimal compared to the obscene amount they are demanding.
News of Pfizer pill will sink in during this weekend and people realise that it’s a really game changer in fight against pandemic, we should see 150 on Monday.
Preventing 90% of hospitalisation is a major breakthrough and it seems markets have not fully reacted to it so far.
So there you go I decided to do some research (always a mistake) and read https://www.hl.co.uk/shares/shares-search-results/r/rolls-royce-holdings-plc-ordinary-20p/financial-statements-and-reports . anyway compared it to IAG (which I said I would not buy) and decided to change from rr to IAG. So literally at the moment the RR price started to pop I sold and bought IAG. Sold RR before the pop and bought IAG slightly after - things do change quickly. So bit of bad timing. Whats driving the shares now?
Happens to everyone but I’d say just get invested in RR and lloyds for a year and sit tight.
Nice recovery today, will likely be back in 140s to day end.
Last few days show how the stock is still very sensitive to UK Covid numbers. For few days Covid numbers went up the SP went down. With numbers down again for few days SP is back up.
Don’t hold IAG at the moment (moved all to rr few months back) so with an unbiased view can tell with certainty that this will again touch 2 in a month or so. LTH will be fine here as this will be on £3-4 range in a year from now. Things are getting better fast. BBC news spreading Covid panic but they forgot to mention that 80-90% of new infections are in the unvaccinated group. Very irresponsible media spreading panic and hiding crucial bits of information.
Flying hours seem to be getting back to normal with travel restrictions being lifted everywhere. This should get to pre Covid 2.30 soon. Considering even before Covid SP was suffering from Trent issues which have since been resolved this should be get back to pre Covid all time highs of 4.50 or so. All this without taking SMR business into the valuation. Great opportunity to see our money multiply.
Great post Mastertrading. Good analysis.
When the CP acquisition talks started was it put in contract somewhere that cineworld will pay a billion dollars to CP if the deal fell through before closing? If not then why are they claiming this? I know of deals where it’s specified at the outset who will pay what if deal fails to materials.
Thanks a lot Mountainous. I’m on it now..more entertaining than Eng vs Hungary :)