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@drifty69 This is exactly what I am doing! I have faith in cineworld and the waivers to be signed and dealt with. Once I double my money and exit around £1.00 - £1.20 I will diversify.
98% Cineworld, 1% Bushveld Mining & 1% JD Sports
1800 Shares @ 42p average
Exiting around £1.00 - £1.20, think £1.00 is going to have a lot of resistance.
Would like to buy more but I’m risking 99% on one share and should diversify my portfolio but believe too much in cineworld.
GLA LTH
@Funinvestor
Thank you for answering me with a clear and precise answer. Sort of thought it would be illegal but had to make sure.
I’ll second to that shorting is a scummy way of trading but if it makes you money you do you.
Do any of you believe that potential 64p was the last high it will get before debt waivers will be announced.
I am just hoping that it wasn't the last stop to jump out as MM's who MAY know about the failure of a deal pushed it up to get out.
Don't wanna scaremonge but we gotta evaluate all options.
Correct me if I am wrong, regarding 34 Mil buys and 18 Mil sells.
The SP would go up if there was only one seller in the market, however as there is more than one shareholder. The tesco's example cannot be used.
The more buys in the markets have just shorted the amount of sellers in the market essentially, the reason why the price is going down is that the sellers left in the market are still prepared to sell and this will only change when all sellers believe that there shares are worth more and hold them. Therefore shortening the amount available, therefore increasing the price.
This then goes onto my next point where MM's hold majority of shares and control the price by limiting the amount of sellers in the market by buying the share itself.
Think I am going somewhere with this, it just baffles my brain also.
Gl to all LTH
Hi all,
Thanks for all the comments, it really has given me a new perspective, I will maybe sell half of my shares if we reach 60 tomorrow hopefully it pays off.
These are the decisions which come with experience, like Ian says hindsight is a good thing.
Just finding the right moment to buy and sell is just crazy, but nevertheless well done to all that held.
Hi LTH/STH of Cineworld.
Obviously with today's manic share price, the best call was to get out at 64 and jump back in at a lower amount. Right now I am quite a novice when it comes to trading but realised this is the way to go to make incremental amounts of money, instead of purchasing once and selling once.
I only hold 1500 Shares so if I sold at 0.64 I would of got £960.
However I would of hoped to buy back at 0.50 for 1500 shares for a profit of £210.
Now I have grasped this concept which is the fundamentals, I understand this is a big risk as it could of gone up.
Does anyone believe I could potentially do the same again tomorrow as the last two days I could of come out with some good profit to put into the piggy bank? & Any tips on this way of trading (what to look out for)?
Also, does anyone believe that these big jumps in share prices could be a holder buying a bigger stake in the company as it takes a few days to be released as an RNS?
Thanks,
I am just looking for advice, so constructive advice/criticism please.
@stevek1972
Let’s hope your wrong in this situation, seems like it! All for good reason though.
This is simply just a guess game at the moment.
Like saying how long is a piece of string,
I’d like to see Waiver of Covenant by end of November/start of Dec - I would hope it pushes the SP nearer to 50p.
However if this doesn’t happen and shareholders get diluted, I would believe this share will go near to 0p but the way I look at it. As an industry no other cinema chain is anywhere near that, the SP is too low to dilute.
I like to be optimistic in this situation , currently holding 1.8k shares would like to buy more but it’s a big risk,
I see Mooky explaining that we have enough cash (Bbc sounds) but what makes me curious is he speaking for himself (Saving his backside) or considering the shareholders. He is a shareholder himself so diluting the shares would leave him in a worse state than he is right now.
But GLA.
@Drifty69 @Insi @Shorterguy
Thank you all for your input. I’ll be sure to read Driftys book he recommended first as it is only 80 pages but I’ll move onto the next recommend by Shorter.
Hopefully I am in the right share and finally will be able to see the green sea of profit in Cineworld but if not it’s my only share so it will be a learning curve if I loose all. The one thing I regret is not diversifying my portfolio as 99.9% is in cineworld (bad move I know).
Anyway, if anyone else is reading this I am all for more suggestions on how to increase my knowledge. Ultimately we all just want to become more stable and actually make money instead of loose it.
So more suggestions are welcomed,
GLA & HF
Hi ..
I’ve been in the share game for approx 2/3 months now.. haven’t got a lot in my share account just shy over £750. I only have invested in Cineworld, but made small £15-£20 on some shares like Bushveld, Supply@me, Tils and NEX.
However I would like to increase my depth of knowledge, has anyone got any recommendations on certain books to read or videos to watch etc.
I’d like to know the fundamentals and what to look out for when deciding to invest into a stock & of course what to avoid when deciding to invest in a stock.
Think that covers it all,
But GLA to all investors, hope you make some $$$.
@prayfor
Dunno if you can help me.. but what’s the reasoning behind this? Shouldn’t the share price go up if Brought outweighs sells?
Goldman Sachs to pay $3bn over 1MDB corruption scandal https://www.bbc.co.uk/news/business-54597256
What does this mean?
Sorry new to the share game.. just wanna get an all round picture!
Spoke to soon.
If we go into a CVA or D4E does Mooky Shareholding stay the same or gets smaller?
And, if it goes into a D4E Private investors loose all.. if I’m correct but if it goes into a CVA we can still recover our SP?
Correct me if I’m wrong..
Holding @ 46p AVG Gla
Also good to note.
A C.V.A must be completed within a month of appointing.
By the way if it meant shareholders get wiped out.. wouldn’t the SP be nearing 0 right now?
Just for the record this is my first share I have jumped in and boy has this been a rollercoaster ride..
Surprised at how well Cine is doing recently without any news (apart from New York opening 11 regal cinemas).
At the same time, I want to think this is too good to be true. 30 - 35% increase in a couple days.
This share is the second most shorted stock. Says a lot but I have faith in Cine to pull through.
What’s everyone’s opinions ?
Think it’s being manipulated for the big boys to get out or that the general consensus amongst the majority is that the debts will be waivered?
Fingers crossed for the people in Cine.