Member Info for mountainous

When I first completed DD on this stock, I couldn’t help but notice that EVE was once 100p+/share.

I’ve seen that some here have average prices in the 30s and above, so I was interested in hearing what actually happened? I couldn’t find a lot of info online, my only guess is the removal of the previous CEO?

RNS is a fantastic piece of news. Those of us who watched the court case could see just how much communication there is between Cineworld’s executives and their institutional shareholders.

No doubt that Polaris would have been in touch to complete some Due Diligence, they have found sufficient confidence to increase their position.

Last year, the FY results were revolutionary for the sp (in a not so good way). If we can secure that waiver on the leverage test and get some good news in the report, then no doubt that these FY results in 3 weeks will be revolutionary as well (in a good way this time hopefully) :)

These are the days that I kick myself for not going all out haha, now up 72.74% on Trading 212

@wherethereisawil - being ‘woke’ basically means being aware to social injustices and wanting to take action upon them. I don’t quite see Mooky protesting in the streets or anything, so I don’t see how commenters on the Daily Mail are referring to CINE management as woke. Usually companies stray away from taking any kind of side when it comes to contentious issues in society.

mir2020 doesn’t sound like Rusclegg87/Rusclegg/Whitetrash, mir2020 is typing in coherent sentences.

I think R Clegg has been IP blocked after constantly trying to go over the administrator’s head and making new accounts every so often.

Really fantastic news here this morning. Glad I got my average down from 4.8p to 3.7p a few weeks ago.

This DFS partnership could even see EVE become slightly profitable in UK&I this year with a bit of luck :)

CINE’s sp at the current moment is factoring in a mass invasion of all CINE outlets by Russia. It is beyond ridiculous.

Fingers crossed that FY 2021 brings us some good news and some sort of delay with the leverage test, our sp is indeed doing quite well :)

Ohhhh I see, you perhaps thought that I was saying I was going to take a punt at CINE at 26p XD

Absolutely not, and may Heaven forbid we ever reach that price again. I was referring to Synairgen :)

I don’t understand what I’ve said that is causing such a commotion lol, can someone point it out? I bought just a few hundred shares at 25.9?

@capehake - lol, I can foresee this rising a bit soon, so might as well put a bit in and take a bit of profit.

Just out of interest, what other products does this company have in the pipeline? Their website phrased it as if everything is centred around inferon beta?

Some lucky individual out there has managed to bag some shares at 11p, already 100%+ return.

I’m thinking to take a punt at 26p.

The drop is due to the release of the efficacy data from one of their COVID treatments. Unfortunately, they showed pretty much no effect.

I still think an 84% drop is way overstated, they still have other treatments in the pipeline.

The leverage test is the only reasonable risk for CINE at the moment. The bills and interest are being paid, hence why Mooky has told us that the debt is still manageable. We had periods of cash flow positivity in Q4.

We just need to get the leverage test dealt with, either relinquished or the criteria lessened. For all we know, we may have actually passed it, Mooky was talking about how he was pleasantly surprised with the concessionary income. As previously mentioned, it is a high margin business, so you never know, it wouldn’t be the first time Mooky has surprised us.

I think the bottom line is that Cineworld is a business which fluctuates in terms of it’s month-to-month performance. Some months will be a complete bomb, whilst others will be cash machines.

Looking at the broader picture, 2022 holds some fantastic movies, so let’s see how FY 2022 goes for us. I think by that point we should be able to remove the going concern assessment period.

Any film in any format (excluding VIP) is just £3 nationwide.

Looks like a fantastic opportunity to allow people to try something new from the vast offering available at Cineworld, I assume the purpose is to effectively give people a trial of different formats with the intention of getting some of those customers returning back in.

I don’t think Cineworld would be doing this if they were struggling for cash!

Personally, I think that CINE is working night and day to secure a waiver/delay/relinquishment of the leverage test coming in June. CINE want to announce in 3 weeks time that they have that leverage test sorted because considering the impact of Omicron, we may have fallen a bit short of the base case scenario. If we get informed that CINE has managed to get the leverage test relinquished or changed so we can pass it, then we know CINE is home and dry for at least until December (the next leverage test). Apart from the leverage test, we know CINE is paying the interest and the bills considering they were cash flow positive. Just the leverage test that we need to get out of the way.

IMO.

RNS is a good thing imo.

People are saying CINE looks desperate because they decided to announce it. That is not necessarily the case. What do you think if CINE decided ‘this is minor news, no need to release an RNS’ and then news leaks from the lenders, it would appear as if CINE was hiding info and it would be perceived as bad. CINE never misses a chance to drop if it can, so the drop would be of biblical proportions. I appreciate the transparency from their part, I think the intended purpose was to ease some fears.

Another 3 months of supplemental breathing space. Following yesterday’s drop, today looked to be a green day either way. This RNS has sealed the green in for us, let’s hope for a nice green finish to the week.

@BlueBuxton - nice to hear :)

I remember buying my first CINE shares at high 90s and then a few at 100+. My average is now 58p :)

124p right in the middle of the pandemic. 40p/share will be like finding Apple at $1/share in a few months time IMO.