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Once again, no RNS or any information about this from the Board.

They really need to up their game when it comes to shareholder communication. Nobody wants to invest in a company that isn’t being straight and transparent with their investors.

Now we are hearing about an expansion into Belgium, is everything ok over at EVE HQ? You can’t manage UK&I and France and now you are saying you want to throw another country into the mix?

This is practically Jas Bagniewski in disguise. He got the sack because the company was facing explosive and unsustainable growth. Gross incompetence.

The fact is that the EU expansion should not have taken place until UK&I was reliably profitable. This is a case of too much expansion too soon.

Same thing over at CINE, but it wasn’t pure incompetence. They bought a huge US cinema chain, but only when their UK&I and the rest of their business was profitable. COVID came as well as a large court case and they’re in trouble, but it was an unforeseeable event. For someone with her sort of background, CC should have known that the expansion of the company ought to be regulated and done with care.

This is a good email, and I share the same view.

Personally, I have been a bit sceptical for a few months. Once the cost of living crisis really started to take place I stopped buying straightaway, because if any company is to suffer most from a cost of living crisis, it is EVE. People cannot afford to heat and eat, so who will pay for an £500-£800 mattress?

My average is 3.7p, I did not want to say anything because I remember EVE saying the cash balance was sufficient for the year, so I just held my shares and waited to see what would happen.

It is what it is, you win some and you lose some. I think CC is making the right decision by seeking a buyer because it could very well be the case that EVE struggles for a few years with the cost of living crisis. Better to be bought out ahead of time than go bankrupt.

I reckon someone will come forward to buy, perhaps it may be DFS as they have history of doing so. No clue what the price will be, but making an announcement in advance like this sounds desperate.

@Danphonic, is that the case? Compensation is dear to the company, I think the value of compensating a customer is probably 3-4x the value of their ticket, so it is definitely not cheap for the company?

Hello all,

Thank you very much for all the replies here.

I think the concern about business travel being reduced is irrelevant for EZJ. Business people are not flying on a low cost airline, they are flying on the likes of British Airways. This is why I think EZJ is more attractive than others like IAG, because they cater to the tourism market rather than business travel.

That being said, can someone give a definitive answer on whether the earnings from these flights that have been booked in advance are already included in the FY 2021 results, or are we yet to see the big boost in revenue from all of this high demand?

@oceanpassage, sorry to hear you don’t have a bullish view on CINE.

Luckily there are another 2,000 companies on the LSE and another 12,000 companies in the United States from you to choose from. Perhaps go onto their share chats.

May will be comfortably cash-flow positive, March and April may also have been slightly cash-flow positive.

If June goes very well, I think we can expect a near break-even H1 as a conservative estimate. Perhaps even slightly cash-flow positive over all.

H2 is looking extremely good.

Hello everyone,

This is the second year running that I have held IAG.

Having seen all of the commotion about flight cancellations due to extreme demand, I was just interested in seeing what people thoughts?

My view is that those who are due to travel now have already booked their flights 6-12 months in advance, so the financial benefit of all of this demand has presumably already been seen in the 2021 FY results? Furthermore, even though the aeroplanes are fully booked, does that really mean good profit for IAG? If you cancel the flight, then every passenger and the flight itself (which will not take off at that point) all become huge loss-makers. Every passenger is entitled to compensation, which is usually in excess of the cost of the ticket itself.

I was interested in averaging down (avg currently at 195), but right now it seems like compensation costs and cancellations will seriously hurt the profit side. What are people’s thoughts on all of this?

Hello all,

I previously held EZJ back in early 2021 and sold a few months later for a small profit prior to the rights issue. Really decent company imo.

Having seen all of the commotion about flight cancellations due to extreme demand, I was just interested in seeing what people thought? Having a look, there appears to be a mixed opinion.

My view is that those who are due to travel now have already booked their flights 6-12 months in advance, so the financial benefit of all of this demand has presumably already been seen in the 2021 FY results? Furthermore, even though the aeroplanes are fully booked, does that really mean good profit for EZJ? If you cancel the flight, then every passenger and the flight itself (which will not take off at that point) all become huge loss-makers. Every passenger is entitled to compensation, which is usually in excess of the cost of the ticket itself.

I was interested in opening another position in EZJ, but right now it seems like compensation costs will seriously hurt the profit side. What are people’s thoughts on all of this?

@Bonkers, I think no matter what AMC will always have an inflated sp. You will always have those who will stick with the company come rain or shine. Very strong investor base.

If it wasn’t for their SP rise, AMC would have been fresh toast. AMC were issuing public statements saying that they were highly doubtful they were going to make it from what I remember.

The amount of equity issuance they did during the rise was massive, I think they managed to pay off a heck of a lot of debt (if not the vast majority), good on them.

It even got to a point where AMC reached the limit of how many shares they can issue of their own accord and they had to go to their shareholders to approve more. There was a huge shareholder revolt, it got so bad that AMC cancelled the vote altogether and just stayed as they were. Nevertheless, they got very good value for money either way.

An AMC type rise from bottom-to-top (2,742%) for CINE would mean our sp would be at 749p today, which would give us a market cap of about £10.3bn. No doubt that Mooky would have done a vast equity issuance and the majority of our debt would be paid off by now too, life moves forward :)

I’m sure at 749p many here (myself certainly included) would have sold off. If you’re nearing retirement age then you’d perhaps be set for early retirement.

@PortfolioPower, the recovery of CINE is well underway, it is about time the sp plays catch-up too :)

As someone who has spoken to Mooky face-to-face, I strongly believe a theatrical window deal with Netflix is either under serious consideration or is in progress.

Mooky’s specificity on the matter when I asked him about it gave me the impression that something is going on. I fully expect Netflix to explore a theatrical window opportunity to supplement for their lost revenue. To implement ads on a paid platform is a spit in the face to customers, and how exactly does Netflix plan to deal with vast password sharing and pirating?

It is a matter of time imo. Netflix in the cinema will yield even further revenue and profit for us, and subsequently a rise in the sp will come.

Happy to still be holding CINE, hopefully now is the time that all of our patience begins to pay off all LTH’s :)

@PortfolioPower, I don’t think I have seen you here before, so a warm welcome.

Prepare to purchase a jumbo pack of your favourite biscuits :)

@spacetec, we are expecting the final result during Q1 2023, but I personally think it may be a bit earlier than that, perhaps by end of Q4 this year.

We have the dates for the court appeal (I think Oct 12 and 13th), just the waiting game now.

@lpd good morning, and absolutely agreed.

Waters definitely looks significantly less murky, we just need to get Cineplex dealt with and then I think it is full steam ahead.

Not seen +17% for a long time.

It is beginning to look a lot like a Bond-style rise, just remembering back it was a 20-30% rise approx.

@deltalo thank you very much for that, sounds very reassuring.