Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Once again for the second time, they have switched from class A shares (common shares) to class B shares (preferred shares). Overall their position has increased by 10%.
Should rank further to around 30
Volume equates to around $10,000 though haha. Absolute no volume.
Sorry I lost interest halfway through your bizarre rant.
Looking at starting a position around the 30s. Any thoughts?
Until The Sunday Times or Telegraph publish a new article with plenty of goss
Very significant dilution is not the same as ‘total wipeout’.
Can you copy?
https://www.ft.com/content/6ccd539f-ff48-46ac-8060-74bd11f07241
I agree. Wednesday 17th - Friday 19th really was the time to sell if you had come to the conclusion that Cineworld shareholders were not going to survive.
As you said, now is the time to hold for any current shareholders, in order to wait for news on what’s happening.
#bizarrebizarrebizarre
Do Cineworld operate in Canada though?
Very true. Pros and cons to Cineplex on both results to be honest.
I understand what you are saying BaldEagle.
But personally I do think it’s not always the best idea for people to be telling people to sell stocks at a huge loss due to a rumour from an unknown source. Equally, you probably shouldn’t be buying either. But again, all depends on risk etc.
#bizarre
Okay well I respect your opinion, I really do.
It’s so much better than the constant spamming of ‘suspension on Monday’… ‘1p by 4:30pm’… and the copying and pasting of the same news article 20 times a day :)
Take care bud. Enjoy your weekend :)
I reckon all parties probably will be happy.
But anyway, I purchased Cineworld knowing the risks and I’m happy to deal with the reward or the loss of money at the end of it. That’s what buying and selling stocks is all about.
Cineworld probably will dilute shareholders, as per their 2 RNS reports. But unfortunately for Cineplex, all of Cineworld’s secured lenders take priority.
The highest offer, obviously. But you’re comparing two very different situation. Stocks are about risk and reward. Selling the family home is not.
Oh I agree. Cineplex couldn’t give a damn about Cineworld. But Cineplex would be last in line for any kind of payment in bankruptcy proceedings. Therefore it is in their best interests to negotiate a lower settlement offer which would be more than anything they would get if Cineworld was pushed into bankruptcy.
It is also becoming increasingly likely that Cineplex and Cineworld will come to an agreement of a lower settlement offer.
I read the FT and look at every Cineworld RNS.
I don’t read every local rag and news report which basically just copied and pasted the same WSJ article for days on end.
Best thing to do is sell? Erm no. There is more to be gained than lost at this point which is the opinion of most holders of Cineworld right now. I’m not buying yet? Why would you make that assumption?
RNS data has told us :
Polaris have completely sold out
GS has remained largely unchanged
Jhango have sold off about 10% of their original stake
Cineworld have also warned twice of a significant dilution to existing shareholders, not a complete wipeout.