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.
It was the most shorted stock at one point, I’d thought I’ll let you know.
@prayfor im debating it also, only hold 2200 shares so it might not be worth it but still.
You can just tell no one wants to sell there shares
RS2002, how do you come to the conclusion of your resistance levels?
Is it just a simple calculation or? Is it more in-depth?
@prayfor Profit is profit at the end of the day, Atleast your not losing ;)
But love the optimism a nice little Xmas present would be £1 before New Years but I am reaching (what’s wrong with shooting for the stars though)
The funniest thing about the whole scenario is that we are CLOSED!! Yet the SP still wants to climb & climb. Just really shows the true value in the company and the belief in the longevity of cineworld.
I’m excited to see how high this SP can go, hopefully to the sky and beyond.
Show stability at 0.65p today and I’m happy.. I would of thought this approval would of been priced in as it was inevitable that the vaccine would be approved.
Let’s just be glad No Fear in bathing in the sea of green now. Sir congrats to you for being ballsy and holding your ground.
If this closes @ 0.70 it’s time to get the party started, it’s a sad day for Shorters I’m not no big investor but even I know
It’s time to get out now :)
Think I’m gonna try trade this share tomorrow, sell @ 57p buy at 54p tomorrow I think
Thanks for this No fear good bit of knowledge
Hi,
I was just thinking companies who short a stock actually in turn do the business a favour.
Let's say for example.
1. An institution has opened a position in Cine for 1000 shares @ £1 per share. The company has brought the share which would help the price rise.
2. An PI will come along and borrow 1000 shares @ £1 per share hoping the share price falls. The institution sells the 1000 shares. This obviously helps the SP decrease as demand is decreasing.
There is two outcomes here.
The SP goes up and shares are brought back helping the price rise with the current trend.
Or
The SP goes down and shares are brought back which would bring a bit of resistance to the share price going further down.
Obviously if this was done on a massive scale the resistance will be stronger, maybe we shouldn't worry about shorters as much as we are.
By the way if I am barking up the wrong tree let me know I am just trying to build on my knowledge. I just thought most companies who open short positions are infact long. (Secrectly)
I just topped up 600 more shares on HL @ 54p
Currently holding 1700 shares but this morning I am thinking of topping up and selling the shares back for a quick rise.
Is anyone else going to do this strategy?
Exactly that, currently out but looking forward I will jump back in when Mooky confirms he will not open for WW1984, but I would suspect he may release an RNS confirming waiver negotiations before confirming his choice to not reopen cinemas.
Any possibility of a drop to 0.42/0.43? I wanna jump back in around these numbers but thinking should just take the bullet and not fuss around 2p difference in shares as I’m long, just nice seeing green than red.
Exactly what happened to me.. however I may jump back in when WW 1984 is announced to be delayed.. but seems like it is going forward
Hello,
After being on Trading 212 for a while now, and realised the opening price of today's share was 47p and people managed to sell at 50p. I thought I was getting shafted. I have decided now is the time to change brokers, I have been looking into HL or II.
I would leaning towards more HL but after there fiasco with the Vaccine news I have been unsure.
Ontopic- Today I sold all my shares like an idiot to try and trade this share, so currently out. I believe in the LTH of Cine, I am hoping to get back in at 0.42p average but may have to take a hit and get in at 0.45. Hopefully, I can get back in with my new broker which will give me an accurate representation of the share price when markets open.
Thanks, GLA!
From Cines point of view, a CVA will keep the pressure low and help them to keep their head above water.
The shareholders remain in full control of the company throughout the period of the CVA (which typically last for between three and five years) and are able to continue operating as normal during this time allowing them to trade out of their financial issues.
Once a CVA is approved a legal ringfence known as a ‘moratorium’ is placed around the company which provides protection against further action from creditors. This means creditors are no longer able to instigate further collection attempts or commence legal action against the company in question so long as the agreed monthly repayments are made. Creditors cannot demand additional repayment amounts in order to reduce the debt quicker, nor can they take action to wind the company up.
Thank you for that @drifty69
However if all goes ahead with the forecast your saying, perhaps an agreement of the waiver of the debts over 6 months is more favourable for the lenders, this could be counter argued explaining that the wait for money will take longer and the creditors would not want to take this risk. As I gotta be realistic 2 months after April may not be enough time to recover the chain. But they’re b***s deep in now so
@drifty69
What’s your opinion on Capita? I’ve looked at the share and I may jump in myself. I’ll obviously do my own research but what is your exit strategy?
@Johnnygadder Do you know the process on how they are keeping this share down? When buys outweighs sells?
Just curious