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Good morning Bonkers, indeed it appears as though they’re in the profit for now, but I don’t think that will be the case for much longer.

Now just thinking about it. Are K2 ok? Who in the right mind would open a short right at the bottom of a massive dip?

That would be like a LTH buying right at the top of a massive rally, will be exciting to see how that goes for them. Sp already showing a few signs of recovery :)

If news was out, then the situation with the sp would have been considerably worse than this. Plus Cineplex would have started to rise.

Might just be K2 putting a bet on Cineplex winning and Cineworld losing, wonder if they watched how Cineplex’s lawyers were performing…

Good evening Ianharding, I am very happy he did personally. I enjoy 4DX lol. However, I don’t like it just from a personal perspective but I also think it was a smart business move. Nowhere else provides 4DX, and whenever I have been to an opening night for a good movie 4DX is always packed solid or sold out. People enjoy the technology and the fact we are providing it with a high profit margin is even better for us. I think 4DX has already paid for itself and it’s just spitting out more and more profit for us.

Personally, I am not very concerned with omicron. Pfizer have said a new vaccine to combat the variant can be ready and in our hands in just about 3 months time. Worst reasonable case scenario for CINE is having to renegotiate with lenders to relinquish or delay the leverage tests next year if this gets bad enough that we need another lockdown. CINE IS NOT HEADED FOR BANKRUPTCY IF LOCKDOWN COMES IMO.

Some people honestly need to go outside and enjoy the snow. We have a good bunch of convertible bonds that we have been issued that have an initial conversion price of about 128p. Do you really think that the lenders would have given their money to CINE if they thought CINE would never reach 128p again? Second point, there are literally no institutions selling. Someone was talking about institutions have access to this so-called preliminary data before it got to the media, if that was the case and it was genuinely concerning then why wouldn’t the institutions sell off? Mind you, they hold 78.15% of the entire company so if anyone is in for a loss on CINE it would have been them out of all other people.

In my honest opinion, the return of a few new restrictions is simply out of an abundance of caution. Particularly with Boris, his approval ratings are absolute sh*t so that’s why he is now running to the COBRA meetings and imposing all of these new restrictions so it appears as if he is handling it well. Even if omicron proves to be anything like delta or the initial variant, CINE has enough liquidity to make it through. Look at the language used in the convertible bond RNS, the bond ‘will provide the Group with a liquidity runway to year-end in the event that cinemas remain closed’. So if we had (and assumedly still currently have) sufficient liquidity to make it 9 months with no revenue, then CINE is in for a safe ride if we need to lockdown again, which is in itself unlikely imo.

If I had additional funds I would be topping up happily. No concerns from me.

To say that CINE will not survive another lockdown is completely false information, as CINE themselves have projected that with a full global lockdown, we would still have sufficient liquidity to last us a number of weeks.

Our other credit facility also gave us a runway of liquidity until the end of this year considering we remained totally closed (if I’m not mistaken). In my very honest opinion, CINE is in a better situation than many other companies in the Travel and Leisure sector when it comes to its prospects of surviving another lockdown.

Will have a look over the weekend at information regarding this new variant, and will also cross-check and evaluate CINE’s outlook if the risk posed by this new variant materialises. I’m not a medical expert, but I will try my best and report back on Monday.

As for now, I am disconnecting for the weekend. Have a great Saturday and Sunday all.

Never seen such a large over-reaction. Zero cases in the UK of the new variant and the market is acting like the day after Boris announced the national lockdown.

Wish I had spare funds, unfortunately I do not. The US market is not open yet to sell something off but assuming the reaction from the UK and Asian markets I’m assuming something similar will happen in the US market later on.

Nevertheless, it is already rebounding and we are down 3.5% as of the time I’m writing this. We were down 8% before. Market has acknowledged the gross over-reaction.

Managed the get my average down to 72 from 80s before, if I can I will top up. What a fantastic price imo.

Agreed lpd, these new variants are always coming up. We had one variant that they were calling ‘delta plus’ many months ago and I remember seeing it in the headlines. Most of us here probably might not have even heard of delta plus by now, so it didn’t even become a big enough problem for it to become main-stream.

Vaccines are here, and now we also have the pill as a back up. I think we will be just fine. If the sp drops further today then I am going to have to sell off some other investments to put into CINE. Valued at over 3bn pre-pandemic and now at £724m and at 90% of pre-pandemic levels. You won’t find a better deal anywhere else imo.

Good evening smalltrader, thank you very much for your response.

Spot on and I am accumulating as much as I can. I have depleted my free funds for the time being so I will have to just watch, managed to pick up a very good amount at 56-52, so I think I have done enough.

Let’s wait and see, we will absolutely have our time though that is for sure imo.

Agreed KickThePuss, CINE is saying that it is nothing related to the company. I see no reason at all to sell off.

Thank you for your response lpd, you are correct that it has been exaggerated. 10% jump is what happened last time with such a drop, so I would expect something similar here again too.

Fingers crossed, brokers report and Sammy’s response yesterday shows us it’s nothing much to be afraid of imo.

I had asked them about the recent price action, this is what they replied with before the report

Hi XXXXXXX,

Please see below the report from our brokers last night. Nothing related to Cine specific

Kind regards



Investor Relations

Cineworld Group plc

p +44 (0) 20 8987 5000

e investors@cineworld.co.uk

w https://www.cineworldplc.com/

I did seek their consent before sharing this report.

Share price performance – Coronavirus Sensitive Companies

The chart below shows Cineworld’s share price performance over the last month relative to other travel and leisure stocks which are sensitive to the coronavirus. The chart demonstrates the negative impact that coronavirus news has on investor sentiment with all stocks trending downwards. Thus, this demonstrates that Cineworld’s share price performance is consistent with other reopening play stocks. In addition, the chart also demonstrates the markets positive response to Cineworld’s Trading Update which is highlighted by the star, where the shares closed up by 6.6%.

IMAGE HERE

(19th November – The date the new Austrian Lockdown was announced)


Share price performance – US listed peer group

This second chart below shows Cineworld’s share price performance over the last month relative to its US listed peer group. Similarly to the chart above, Cineworld’s US peers are also underperforming with Cinemark and Imax both being worst hit.

IMAGE HERE

PART 2/2

Today’s Trading and Share Price Performance

Cineworld shares have had a disappointing performance, closing the day down c.6.0% at 53.8p. The movement today came on robust volumes of c.27.0m shares traded across all exchanges. Today’s volumes continue to remain well above average levels representing 223% of the average daily volume over the past three months (c.12.6m). 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. The next share register analysis will highlight the main sellers across the period who have driven this sell-off.

Macroeconomic Events

The last few weeks have seen the market under pressure from a number of macro trends. Due to concerns over the impact of economic lockdowns amid a brutal fourth wave of the pandemic in Europe, global equity markets have been in negative territory with the majority of sectors being hit on the back of the this sentiment. In particular, markets were unsettled after the Austrian government last Friday announced a full lockdown starting on Monday, in response to cases of COVID-19 surging in Europe. The lockdown will include both those vaccinated and unvaccinated, it will last for 10 days minimum, but could be extended for 10 days further.

Sector News

Due to re-emerging coronavirus dynamics in the economy, the Travel and Leisure sector continues to be hit the hardest with the STOXX 600 Travel & Leisure down c.12.5% on the month which is consistent with Cineworld’s performance. In the market, investor sentiment has been dampened and we have seen similar sell-offs across the sector as a result. Today, travel and leisure underperforms with the STOXX 600 Travel & Leisure down by 1.0%.

PART 1

Got in touch with Investor Relations @cine, they have sent me the full broker’s report from yesterday evening, quite helpful stuff imo.

It also contains a few images, but I was having difficulty using snipboard, so I have just copied and pasted the text here. The images were just graphs showing different stocks and their movement.

I will copy and paste the report as a reply in this thread now.

Over the past few days (and before I filtered him) I noticed that pawelbak was getting quite a few likes on every one of his posts, something that was not happening at all before.

Today, I see JG68 has posted a very negative post claiming that the CINE email yesterday was b———h and c—p, and 7 likes have appeared? Never seen that kind of thing before.

Not exactly hard for others to make additional accounts to artificially tamper with the like counts on posts, so dyor, read the posts fully and make your own judgement call :)

Sp has made a quick little recovery now, let’s hope to see green today :)

Already filtered, pawelbak and pogo also joined with him in there as well.

Will add pastyc now as well.

Fingers crossed we see a nice rise sometime soon.

Reminder of what happened last time, I remember after the large drop that lasted a few days in June-July the share price rose sharply (over 10% from my recollection). That is due to happen sometime soon I think. The fact that shorts are reducing is good news in itself, if the most bearish amongst us are buying then I don’t see why I should have any doubts as a LTH.

Hello bigtrader, welcome to the board and good evening.

I didn’t make it clear in the original post, but I was referring to the number of shares bought/sold. To be fully honest, I don’t know why a different number shows up for buys and sells, I was just suggesting some potential reasons why.