RE: 20p short term target7 Nov 2022 00:37
Yes, all about timing here, did not buy 100p, 50p or 20p as no lender support, but now...as they are warming up to £1.9billion liquidity....why not..? timing
I will let go when insiders sell or we get bad news....for now the its a huge development that they are reaching £1.9b settlement with the lenders for further loans and have plans to sell/spin-off part of the business etc. etc.
The debt is short and long term - so they can easily make payments now until 2025.
Insider hold 275M shares:
The Greidinger family has confirmed that it beneficially owns 275,720,505 shares in Cineworld (representing 20.08% of the total issued share capital of Cineworld): 1,000,000 shares are owned by a company called Global City Holdings B.V. and 274,720,505 shares are owned by a company called Global City Theatres B.V. Both Global City Holdings B.V. and Global City Theatres B.V. are owned by trusts for the benefit of the children of Moshe Greidinger and Israel Greidinger. The ultimate ownership of the shares by the Greidinger family trusts did not change in 2020 or 2021 or subsequently.
All main media agrees this is big development for CINE and some work still to to reach 100p's again - But then gain the price wont be under 20p once work is done,
We move higher this week, i heard many who want to buy, and buy back and stick with it
Monday meetings to finalize things going forward
RNS has not landed yet regarding the last week update from the court, that will boots the price, as mkt cap too low in avoidance of bk.
Year high of around 200p to down here , is low risk now following breakthrough with creditors etc.
Good move by CINE family - They hold all the way.
All good here, now very v.low risk at current mkt cap under 20p.
Enjoy the freebies under 10p this week, many to cover and buy back here - after a solid week, with many shorts bought out
Margin time will come - so be careful if shorting for fun.
A lot of short/ seller fear here........... and rightly so.