Member Info for mountainous

44p broken! Nice to see the deep green this morning :)

@Bonkers I was just thinking the same thing. I said to myself ‘I could have sworn JG was a LTH in mid 2021’.

A complete 180°. It is what it is I suppose. I’m staying on the CINE train for now :)

By the way, what happened to PrettyWild? Did she sell off following the court case?

Very good thank you Bonkers :)

@BigTrader, the report came direct from CINE Investor Relations.

CINE described it as a broker report, but it also included a lot of other information regarding the economic factors at the time, as well as sector performance information (such as comparisons to how airlines were doing).

I appreciate your opinion Bonkers.

If I remember correctly, smalltrader left as the volatility was not doing wonders for his mental health, which I deeply respect him for taking care of himself first and money next. However, I don’t recall him ruling out a return.

Nevertheless, I agree with your statement that many people left ‘in the heat of the moment’ as a 40% drop is scary for any investor. Hope you’re keeping well :)

@BigTrader, I used the term market flow, I think the term order flow suits what I was saying better.

I am going by CINE’s broker report. When we were starting our initial drop from the 60s some of us got in touch with CINE investor relations. They sent me their broker report from the previous evening.

I quote: ‘If we look at Cineworld’s performance over the month excluding today’s sell-off, the shares are down by 8.1%. However following today’s sell-off, the shares are down 13.6% on the month. Cineworld’s flow continues to be dominated by retail investors, with no notable new brokers advertising the trades.’

@BigTrader, please read and understand all that I wrote. I explained that CINE’s market FLOW was dominated by retail investors, not CINE’s ownership.

Market flow is what causes the price fluctuation on a daily basis, such as what we’re seeing today.

Not all retail investors are as fantastic and well-informed as yourself, so some use news articles such as the Motley Fool (who present themselves in a beginner-friendly format) to inform themselves, under the impression that it is an accurate representation of the company.

@Bonkers, thanks for your input.

The reality is (and I think you’d agree with me) that the CINE share price has been deeply oversold. I believe you were here on the day that the judgement came out and you saw how this bb was absolutely swamped with derampers left right and centre. We had a 45% drop on an event that had no (and still has no) immediate impact on our liquidity. We all agree that it was a massive overreaction; with no institutional investors selling who do you believe was mostly responsible for that drop?

If you were here in the early morning, you would have seen an individual going throughout the site advertising SENX and saying it was going to ‘moon’ soon, he also posted a message here which a few of us replied to before the site administrators took it down.

SENX is up close to 30% right now so far today and it was up over 35% earlier. For those that say that rampers/derampers on here have no effect on the share price, you are very much mistaken. With CINE’s market flow being dominated by retail investors (as per CINE’s broker report), it is fairly clear to see why Motley Fool and other derampers appear here to try and depress the share price.

Just my thoughts. Enjoying today’s rise.

A short squeeze is simply an event where we see a large surge in the share price due to rapid closing by the shorters. We don’t need 1,000% short interest or something crazy like that to have a short squeeze. IIRC Tullow Oil had one a while back and they were shorted around the same as us.

Agreed capehake, I’m preparing my filter box for more names

Sp absolutely flying everyone, very happy day.

Should have sold my United Airlines on Thursday and bought CINE lol. CINE is still about 45% of my portfolio so I don’t think I’m missing out too much with how CINE-heavy I am already :)

@shazabo, good morning. Could you please explain the auction process to me? I hear it being spoken about several times, but never really understood what makes it different to the normal functioning of the stock market. Aren’t people always putting in bids and offers anyways?

I personally think that as more and more speculation arises from CINE that a US listing is on the way, the share price will continue to increase. Eventually the share price will reach a decent level. If CINE is to do a new listing with the current share price, then they are not getting good value for their money. If we could get back to a decent price first, then I think a US listing would make sense.

I was personally of the opinion that CINE would do a new US listing in a few years time once CINE has completely recovered, and then the money they would get would be in the billions. It would be a much greater help for the debt.

@KickThePuss, it’s my understanding that CINE first needs to apply for US listing, and it needs to be approved by regulators. There is likely some sort of criteria they need to meet, and as was discussed here yesterday the Environmental Committee may be a step towards that (perhaps not a specific criteria point, but it may be looked at favourably). CINE needs to ensure all is in order before filing to list in the US, so they don’t want to come out to investors and say ‘here comes the US listing!’ when there is still a chance they could get rejected from it.

@Wellington, thanks for the information.

That would be in the event of a full-blown insolvency procedure. I was going more down the lines of a rights issue/unfavourable US listing conditions for shareholders.

Nevertheless, you make a good point that the CEO being a large shareholder doesn’t instantly negate the chance of bankruptcy, but that was not what I was arguing.

If CINE need to do a rights issue, then they will do it, however I think Mooky would think twice to see if there was an alternative way to go about financing the company (if it were needed at any stage).

@wellington, forgive my ignorance, but I think it’s fairly simple.

You and me: CINE shareholders
Mooky and his family: CINE shareholders

His family fortunes are in CINE, so if he f’s the stock up he doesn’t only f up the small guys like us, but he f’s up his entire family fortune big time. When we make money, Mooky makes money. When we lose money, Mooky does too. It’s that sense of collectiveness that gives me a lot of confidence in CINE.

Good evening all, hope you’re well. I am not invested in BOO but saw dreammachine’s name appear in the ‘latest share chat’ section. He is a persistent deramper who goes left right and centre across the LSE site with no agenda whatsoever other than to cause unnecessary scenes and panic imo. The folks over at the CINE board have had him for a while now, he always seems to appear on a random share chat that has had a sudden drop in it’s share price and begins to spread absolute nonsense. Best practice is to just filter him and let him talk to himself. Eventually he settles down and goes elsewhere.

All the best with your investments!

Also nice to remember Mooky is the largest shareholder of them all. I sleep well at night knowing he’s unlikely to sabotage his shareholders.

My one other question is what happens to the Long-Term Incentive Plan (bonuses) if we move to the US? I assume the thresholds will be converted to USD equivalent?

Very interesting day today with the 2x RNS. I share the opinion of RS and others of this board that the formation of a new environmental committee does indicate a potential move to the US. In my opinion, I would think that the NYSE would be a better stock exchange for CINE rather than the NASDAQ? The NASDAQ is quite tech heavy and the NYSE tends to house everything else.

Either way, today’s RNS combined with the fact that Mooky was in New York just a few weeks ago does make me feel very strongly that a US listing is on the way. I have not been a big fan of it from the start of the idea due to the large tax on US dividends we have to pay from the UK, but if it opens up CINE to more investors and causes a nice rise in the sp then I’m ok with it.

PS: I think we need to think very closely about shorters. I am concerned that shorters will run immediately to CINE when we float in the US, Cinemark has a better financial position than us and they’re 17% short. Anyways, let’s see what happens. In reality, CINE would not go about spending the money to make new committees if they thought they were heading for insolvency, so if anything today’s 2x RNS gives me more confidence.