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Didn't get to catch it all, but I did like this bit...
'Cineplex didn't feature in any of the board minutes after this patricular board meeting, not once, do you agree?'
'I don't remember all the meetings from a year and a half ago'
Then on the next document show the minutes with Cineplex in them, and called them vanilla...
Mookie 'you tried to purjure me just a minute ago, this says cineplex and it is after the previous meeting'
Better hope the tax man doesn't hold your opinion of it being a real profit.
On balance, so far I think our guys are making a better argument, that isn't to say they haven't made some good points of their own.... but I'm not sure anybody on here (or the Cineplex boards) will be able to tell you how much legal weight those arguments have in Canada.
Basically you can be totally in the right, but if the law isn't behind you then you can still lose.
It's our turn to present our case now, starting with Mookie taking the stand yesterday, and continuing today - the question is - when it's their turn to question, will they be able to pull apart our side, the same way we did theirs....I hope not - just hoping that CW didn't say anything silly in any emails like some of the Cineplex folk did.
Looks like I have moved up 5 places since I looked this morning! Watch your backs LPD, Bonkers and Moola - I'm aiming for top 3!
£3.50 by Xmas!
Brilliant. Woo...117th!
FI in the top 5 too - what a ramper! ;-)
Our guy has definitely come out swinging - 'did I say ALL?!, I said SOME protections!', 'Can you answer the question I asked?!'
Each new witness is the same - at first their argument sounds extremely reasonable and has you thinking 'well, yeah that makes sense - oh cr@p', but then Mr Steep or his friends step up and start to slowly pull it apart.....it's interesting to watch.
I did find this witnesses suggestion that they were facing a real issue in Q1 2020 hard to swallow though, it was a sweeping statement that suggests that the whole of Q1 was terrible. He said they were 36% down Q1 2020 vs Q4 2019 - well yes they might have been but if you look at it a different way - The US BO (which includes Canada) from Jan-mid march 2020 (before they were forced to close on the 16th) vs Jan-mid march 2019 - then it was only down c3% (although Jan and Feb 2020 were both actually better in 2020) - I might be wrong but I believe they planned on making deferrals at the beginning of March 2020.
Let me make this clear, I don't care how you trade, I wish all people luck trading how they see fit.
People may like your positivity, but anybody that actually listens to you probably deserves to lose money, you have proven for a second time to have 0 credibility.
An average exit of 82p, this suggests you sold some above 82p and some below, but to be at an average of 82p, it would have to be around 50/50 above and below.
Your post this morning...
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Bc2020
Posted in: CINE
Posts: 1,160
Price: 82.82
Strong Buy
RE: Place your bets on the open price
28 Sep 2021 08:29
Hold tight this is going to over 85p today
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I believe the last time the SP was above 82p was around 08:38, so you must have sold at least 50% (ish) by that time....so yet again when saying 'hold tight' to everybody else at 08:29, you yourself are selling.
I don't have an issue with anybody on this board, I don't get involved in the name calling and I try not to get into arguments - but it really does bother me when people listen to you.
Not a problem. The way i see it is - everyday is a school day.
Have yourself a good day too.
Mountainous - it shows the previous %age held and the current %age held - so if the current position is higher than the previous position then it is a buy, if it is lower than the previous position then it is a sell.
Regarding excitement and claps on the back - I guess your level of excitement and claps on the back depends on your entry level/average.
For example - if somebody bought in at 55p and the price is 72p - that is still a 31% gain - I'd be fairly excited at that prospect right now to be honest - even if I thought it still had a long way to go.
Personally my average is a bit higher than that, so I'm in the not quite over the moon camp. But happy for people to be happy......especially if they are well into the green - but still my advice with this stock is don't get too excited too soon, you'll only feel worse for it if it does dip again.
Well that 15 minute break was up at 20:45, they are taking their time whatever they are doing.
Anybody else not able to see the court case at the minute? Either it's a problem on my side, or they forgot to share it, or it is delayed for some reason.
The dreamer in me is saying 'maybe their CEO has had enough after being questioned, and just wants to drop the whole thing' and the realist in me is saying 'don't be an idiot' to the dreamer.
Probably BC ;-)
Or if you interpret that in an extreme way - him (the man in charge of negotiating with landlords the repayments of deferred rent) not being told/not knowing they still owed money for March, it doesn't tell me they were serious about those negotiations, because surely being that person you would want to be armed with all the facts, and Cineplex would want their representation in those negotiations armed with all the facts, if they were serious about planning to repay them.
I would agree with you Jamesy, but that didn't help their case in anyway for him to admit he didn't know about that (especially given they have already accepted they started deferring in March), if anything it made him/them look incompetent.
What I also found, well quite astonishing to be honest - was that the man they have in charge of owning those relationships with landlords, and dealing with the communication on no payments being made for three months, and negotiating repayment options (that he was told he wasn't allowed to do during April-May) - he didn't know they still owed money to those same landlords for March - he thought they were all paid until April. I don't think that impacts on our case, but still he is the one guy (other than the CFO, and probably in more detail) I would expect to know what is owed to whom and from when.
Thanks HNS, my thoughts on today are very similar to your own, not a bad day for us (again based on pure argument and having no legal experience myself).
I do think their witness today came across as very defensive, to the point of almost being aggressive, unlike their previous two witnesses. It was interesting to watch our guy twist it around to finally get him to accept the points being made and throwing example after example at him. And I did smile when our guy in response to the judge asking how much longer he will need saying 'probably another hour at the rate we are going'.
Haha....exactly right Wellington.
Bond is important, but it is only one part (a big one, don't get me wrong) of the more important picture we are aiming for in Q4.
I watch the US BO figures carefully, because it is literally the only measure we have in terms of how well we are doing on revenue, and until finances are published that is pretty much all we have got to go on.
We need to be realistic, one film isn't going to make or break anything (not even Bond), we need to watch the quarter as a whole.
I am hopeful it will reach that 90% and looking at the figures, as long as there are no further lockdowns, I think we have a good chance of hitting it with the films due to be released before the end of year.
If it helps anybody visualise where we are (in terms of US BO) and where we have come from please see the link below...you will also see what impact one film has on the figures, although it's great, it's temporary.....we need more films, and the bigger films need less of a gap between them, which is exactly what we have in Q4.
https://snipboard.io/tU5mbl.jpg
This is weekly 2021 vs weekly 2019 and the 4 week average 2021 vs the 4 week average 2019.
It shows a clear trend - and more importantly, a trend in the right direction - so with the release schedule we have in Q4, it will definitely improve further, but will improve enough? I think it will be very close, one way or the other. But we'll soon see.
One would also assume that they will still put it on Disney + Premium (probably lower than the $/£30 they did for Black Widow) and other platforms (Sky Store, Amazon etc.) after the 45 day exclusivity - and get more revenue from that too, so they will likely earn more over the longer period.