Member Info for MIKODX

antlev - seek and you will find:

https://www.lse.co.uk/rns/CINE/cineworld-group-crx5xvf1xl0248x.html

@BlueBuxton On June 13th Revlon rose from $1.17 to $8.15 within a week, that was when they announced they were filing for bankruptcy. It hasnt quite gone that way for CINE but anything can happen in the coming weeks, especially next week when they officially start the deleveraging process. I'm a member of Reddit and can see they've already started a Cineworld community. If you haven't already you should join up with Reddit and jump on the Cineworld stock. Here's the headline on the Cineworld page:

"The rally for £CINE let’s take this stock to the moon! We just love Cineworld - not financial advice, don’t invest what you can’t afford to lose".

Good luck to you too antlev. Things do look gloomy at the minute but we shouldn't forget this is an AIM stock things could turn in an instant. The deleveraging officially starts on 13th September, so this week is going to be very interesting.

Neither is talking negatively about a stock to get people to sell, so as to capitalize on your short position.
We see you.

Either way this is a long term five year hold for me. I believe the cinema history will bounce back, it may take a long time but I believe in it, that's why I'm invested here. This happened to me with Gamestop. I unfortunately bought when it peaked to $250. It then slumped and investors were advised to sell. I held, and surely enough within a month it surged from $30 to $350. I got the hell out when it did. I think the same will happen here, hopefully the Reddit community will start pumping this stock up and flush out all the shorters.

Anything is possible, you saw what happened to Revlon. Their stock price soared when they filed for bankruptcy.

https://edition.cnn.com/2022/06/22/investing/revlon-stock-bankruptcy-reddit/index.html

I managed to average down, my average is now 30p at which point I break even. Feel a whole lot better now, I was heavily underwater at one point but averaging down as given me a chance to recoup. I'm hoping this can see 50p within a year. If it doesn't I'll keep holding until it does. To be honest I'm hoping this recovers to a £1 within two maybe sooner.

The American stock might go under but they've confirmed that the FTSE Aim is unaffected. If you hold CNNWF stock then you are in for a rough ride. Either way, there will be big losses on both sides of the pond.

You'll have to contact Mystic Meg.

This morning. Well, wouldn't you at these prices?

The big drop down to 2p has created a massive gap @20. Fully expect this to retrace, just dont ask me when.

Like I said there's been a bad overreaction with this stock. Attendance levels are still good and picking up as the days go by. It was clearly stated in an earlier RNS that because of the lack of blockbuster movies this autumn, attendance levels are expected to be low.

For this reason, Cineworld has been taking proactive steps to ensure it has the balance sheet strength and flexibility to adapt to market conditions. This includes significant previously disclosed operational and financial initiatives to manage costs and enhance liquidity. The Group believes these steps are required to optimize its ability to maximize enterprise value as part of the recovery in the cinema industry.

The company will be looking to restructure it's balance sheet through a comprehensive deleveraging transaction. Any deleveraging transaction will likely result in very significant dilution of existing equity interests in Cineworld. A deleveraging transaction means to reduce outstanding debt without incurring any new debt. The goal of deleveraging is to reduce the relative percentage of a business's balance sheet funded by liabilities. This was clearly stated in an RNS back in August. So it shouldn't be no surprise that now heading into the autumn the press have over egged it and made it sound as if Cineworld are in a bad financial position and are about to file for bankuptcy. This is not the case at the present moment.

The way I see it this means Cineworld will be trimming down their outlets and laying off staff, or they could try to raise funds. Forget a placing, at 5p a share the dilution of shares would be astronomical. I think the filing of bankruptcy will only happen if they lose their case to Cineplex and have to fork out $1.5B in compenasation. At this point we can rule out filing for bankruptcy, that is clear from the RNS back in August.

As far as I know Cineworld are appealing against the $1.25B compensation Cineplex were awarded in the failed takeover bid? For them to be filing for bankruptcy must mean they have lost the appeal, or they think they will. Cineworld does not expect damages to be payable whilst any appeal is ongoing. Attendances this year is actually the same as before the pandemic so it's surprising that they are filing for bankruptcy. Only time will tell which way this is going to go, but I think this has been badly oversold. The big screen is here to stay, everyone loves watching a big movie on the big screen. They may cut back the number of outlets, or they may be taken over, but no way are they going out of business. Like I said, this has been badly oversold and it wont be long before this retraces imo.

Like trying to light a fire in the middle of a hurricane.

Typical, we get clearance when the damn thing is almost gone. Someone's winding us investors up.

Like selling weapons to Nauru.

MrRipley - your missing the point you'll have to go over those notes. I predicted 100 will be the absolute floor, and it looks like it's heading that way. But like all stocks, it will go up and down depending on fundamentals and news.

beinthelead - I'm holding because I'm in for the long term. I'm not bothered about the highs and lows. I'm well aware that as long as this Russia war is still going stocks will continue to slide. But the turnaround will come in due time. It could be months it could be years. I'm not leaving here until I can see at least 300.

Holding firmly.

Just as I predicted, my guess is 100 will be the floor, then it could go either way with the news. If the news is good, we will see another breakout. If it isn't, this will tank just like it has the last few months.

Lol I didn't explain that well did I. What I meant to say is that it will fall back somewhere between the breakout price and the resistance level. It went up 90p so I'd think it'd fall back to around a pound. It looked like it was heading further down this week but it came back with a late flurry on Friday, bounced off 117 and closed on 122. It could level off from here it could go down. My guess is it's got a bit further down to fall, but we'll see next week.

It hits the ceiling @140 and bounces back down. It broke out @50 on news that the Animal division had been sold off, it flew to the resistance level @140 and is now retracing. With data still incoming from AVA6000 I expect this to settle down somewhere between the breakout price and the resistance level. If it settles higher, there could be good news coming from the AVA6000 data.

Holding firmly.