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Unfortunately I have had to cut my (substantial) losses for now, I will still be keeping a very close eye on Cineworld though because I think there is real potential to make money here, and I have absolutely no doubt Cineworld will come good in the end.
Just wanted to wish everybody still holding the very best of luck, but the timeframe just shifted too far for me. I will no doubt be back in next year after making up what I have lost, and hopefully won't be kick myself before then - but if I am kicking myself, then I know there are some good folk on here who deserve a win.
Also, I had my doubts about that short position conspiracy theory with K2, but that **** stinks even more now.....either they timed that perfectly or Wellington was right and they knew something. I do hope Cineworld ask for that to be investigated given everybody else was expecting a decision in months.
Best of luck to you all.
Lhall if you change one of the drop downs it will change to MTD rather than showing the end of month figures for December 2019.
If you do that, you can see we are at 65% of the same period 2019, which isn't too bad, given nothing major has been released yet this month....although long way in the month to go yet and as we all know, much bigger releases to come, so in all 65% isn't a bad platform to start from before WSS, Spiderman, Matrix, Sing 2, and The King's Man.
It's clear as day.....Mcvities don't want to share their biscuits, so they planted a deep cover agent in K2, whispering in the ear of their CEO that Mookie is about to sell all our assets to join the likes of Bezos and Musk in a race to Mars.
I agree it is a really daft time to short (like NHC level of daft), and as much as I don't like conspiracies, it does stink a bit.
That said, one would imagine that if word was out, Cineplex would also be on the up. Likely to just be coincidence that they are based in Ontario, with the timing of the new variant, they are probably just be another hedge fund that have just pushed their luck because they happen to have seen the company name in the papers recently.....but if I was Mookie I would still want to know for sure, and I would have somebody looking into it for sure.
It does sound pretty far fetched to me though, but IF this was the case, Barbara will have really let me down - which I am sure she would be saddened to learn.
BC - we are still here, but you are irrelevant - a proven B ull sh itter.
We don't have to put our money where our fingers are because - well we aren't children - and I can call you a liar without having to play your silly game - you can choose to be a child now and say something like 'you don't have to b alls' and that is your choice - I'm comfortable enough in my own manhood to take that on the chin from a pathological liar that makes up his investment to gain likes on a BB.
Feel free to prove me wrong and copy a picture (not plain text as you like to do) and upload to snipboard.io (careful not to include personal details obviously) and I will apologise sincerely, but I don't see that happening because there is no proof for something that doesn't exist. But to be fair you don't have to prove anything, it is 100% your right not to need to prove yourself - and mine and everybody else's to call you a b ull s hitter.....a PI who has over £1.3m invested and spends his time shouting 'wooooooo' on here......yeah ok.
SoManyQuestions - you would be correct in that assumption - although just the one problem.....he also shared his trading history on the post that HeresHopin shared earlier - stating that he sold ONCE at 82.5p - and it was September when it was last at those prices (and I remember him telling us at the time to be fair to him - so we could bask in his glory)....BUT this was way before his 3rd November post of 850k @ an average of 71p. So I am simply using the information he himself provided.
But yeah I will concede that he might not have been as honest in that post as he makes out he is, and he might have missed a fictional sell or two - so yeah he could have sold more after the 3rd November (although I'm pretty sure we'd have heard from honest Joe if he had).
So do you genuinely think he is working with our friend Pawelbak and he saw the news coming about the new variant, knew the SP would drop and thought to himself to get out and get back in lower? (and uncharacteristically kept his mouth shut about it?).
I agree though mathematically, the less shares one purchased above a certain price would mean less shares would be needed to be bought below that same price to bring the average down to that level.
p.s. Pawelbak might have been right, but that doesn't mean he actually saw it coming - otherwise surely he would have made money from it.....and he didn't......so being right got him diddly squat.
I'm glad you posted this BC because for me (and I hope others) it finally puts to bed the are you full of s hit or not debate.
Going to assume he won't answer my question on the number of shares he holds.....and this is why, and why I know it's all BS...
Bc2020 Premium Member
Posted in: CINE
RE: Expectations03 Nov 2021 13:24
Fun i now have 850k shares at a avrage of 71p ( that is shares not £850k worth of shares £ shows what i mean i hope you understand this time just in case 850000 shares at 61p is worth about £500k so down about £150-160k in cash
But once they start to rise then so does my profit and will will just keep topping us with the profits of all over shares i take my profit from once the target price is there
So really not worried at all with the 60p to 80p range over the last 3 months
850k x £1.50 = £1.2m +++
The key line here (from less than 4 weeks ago) is "Fun i now have 850k shares at a avrage of 71p"
So if he had 850k shares at an average of 71p on the 3rd November, then to get an average of 55p from that point (and giving him the benefit of the doubt and saying he did manage to buy all the additional shares at exactly our lowest point since then - 46.28p) he would need to have bought somewhere in the region of an additional c1.5m shares at a cost of c£700k (bringing his total investment to over £1.3m) - if the share price was higher than our lowest point then obviously the cost would go up quite considerably because you would get less shares making it harder to bring that average down.
But keeping in mind HeresHopin's post - where BC says he actually bought more (which was after 3rd Nov) and also two of the three buys were above that 55p average he claims to now have, and all above that lowest point (46.28p) - that would only increase the cost further - because it is on the wrong side of that average he claims, and way higher than the lowest price since 3rd Nov.
So to sum up - I am glad you clarified things, BC is definitely full of cr ap.
I wouldn't be surprised either tbh - this is the sort of range that NHC can get out, and maybe even make a (relatively) small profit - that said, there has been nothing logical about how they have gone about shorting Cine.
Just to add to the RNS this week, I thought I'd share a graph which highlights just how far the US BO has come to reaching that 90% target through the year.
-Figures are only based on US BO only (I know we are based elsewhere, but the US is our main market, and where I focus my time - feel free to do your own).
-The red and blue combined total is the 90% target for each of the months.
-The blue is what the US BO actually made this year (2021).
-The red is how far we were from hitting the 2019 90% target.
-The green and secondary axis, show the %age of what we made against that 90% target.
-Obviously November is still ongoing and December hasn't started yet.
Month after month after month, this has improved all year, even when revenue was down on the month prior - we have still been moving closer to that 90% target each and every month to date - this is because (and as you can see) the target actually moves each month.
Now I think November might be the first time this year that we don't move closer than the month prior to the target, but that doesn't take away from the progress made so far or the films to come in December and beyond.
Overall I'm very pleased with the RNS this week, and I am pleased with the progress made to date. Even taking into account FI's point around 4 vs 5 weekends (which I do totally agree with makes a big difference as an isolated monthly comparison) - but I think that becomes swings and roundabouts when comparing each month over the full year (or almost full year).
Pawelbak, have you opened your short yet or are still just giving free (unwarranted) advice because you either a. don't have the guts to put your money where your mouth is, or b. don't believe what you are saying enough to put your money on it......either way it gives your advice/opinion little in terms of weight if you aren't willing to put something at stake here on the back of your own genius - and there is no valid reason not to open a short if you are as smart as you think you are, because if you are right then there is a lot of money to be made.
So either please be silent and see us at 45p like you said you would (be a man of your word), or open a short position (grow a pair) - if you did either of those things then you would at least have a bit of legitimacy, right now you come across as a bit of a joke with no b a l l s.
I'll answer that for him Bonkers, because it's always the same answer - 'it's just a bit of fun'.
I wouldn't mind - but we are talking about the notorious 10% 'I'm always honest' ramper, come on guys buy and hold so BS2020 (thanks FI) can make his 10% - it'll be 80p by Friday.....honest.
I always look at crypto with suspicion anyway - I tend to stay away from it, totally get there is money to be made there but little too risky for me. Probably because I don't really understand it, so I'd have to properly look into it if CW made the same announcement, but until then I'll watch AMC from a far.
In other news, looking at the SP now up 0.36% - I think Sammy is feeling a total fool!! ;-)
"No there (SIC) result show that people are going back to the cinema and we are heading the right way to normal"
Isn't that pretty much the same thing that I just said, but reworded to say "normal" rather than 2019?
And again, my point is - we already knew that, anybody with more than two brain cells and looks at the Box Office can see that. There was nothing in there that would send our SP flying, because everything else is irrelevant - which is pretty much what Sammy was saying - and we are now up a whopping 1% - I'd say he was right.
One thing I would say is that I think it's works in our favour not having to report quarterly, because Q3 was nothing special, just part of our road to recovery - July was good (not 2019 good, but pandemic good), August less so (was down 29% on July) and September not great (was down 12% on August) - but we are still recovering, and in Q3 we were still early in that recovery. When we come to report our financials we'll be in a better place than now - and hopefully where we all want it to be by year end!
FI - I'm all for looking at additional revenue streams (probably the smart move for any business that doesn't want to be left behind). I just think the headlines don't look at the bigger picture. Mentioning Bitcoin (or whatever cryptocurrency) will send people into overdrive agreed (and probably give a SP boost - although that might be temporary) - but when looking deeper at it, if I was invested there I wouldn't be bothered by the headline itself, I'd be interested in risk (incl. which cryptocurrency are they going with and why, hoping it wasn't because of a Twitter poll), and the cost of setting the infrastructure up, the cost of running and maintaining it vs the benefit it will bring in.
The AMC results were promising for us but only to a point - basically they showed what we all already knew at an industry level - people are coming back to cinemas but we're not at 2019 levels yet - everything else is AMC specific and not really anything to do with us.
And they are a totally different business, and not just because of the meme stock thing - they are talking about bitcoin payments, and being in talks with banks about an AMC credit card etc. - these sound (to me anyway) to be a little gimmicky. How many average joes have bitcoin - my first thought is that the infrastructure to support a system to accept bitcoin and the ongoing maintenance of that system might end up costing more than they'll actually get from using it.
But you have to give their CEO credit - he has a lot of enthusiasm and energy.