Member Info for mountainous

Hello Hussart, allow me to address your concerns.

In our current state, the company will survive just fine and will meet all of its financing obligations including the leverage testing next year according to the interim statements.

So to directly address your concern about potential bankruptcy in the event of a lockdown, I will direct you to the ‘worst case but plausible scenario’ as written by the directors in the interim results. Defined as a global lockdown of 6 weeks resulting in the total closure of all sites. The report reassured us that in such a scenario, would would still have sufficient liquidity to continue operating however we may need to get some of the waivers pushed forward.

CINE proved to us throughout the last lockdowns that their lenders are very flexible, and willing to make changes where necessary. Not to mention the fact that if we enter yet another lockdown they will understand why we may need a bit more time to pay. With the 90% trading update I think we have proven to all that cinema is back and bustling faster and better than we initially anticipated, it has certainly restored faith amongst many of us here, and I’m sure lenders will be no different.

Just seen someone in the filter posted and the lovely green box has appeared! Revolutionary technology.

No more responses to them from me as a LTH :)

Good afternoon patiencebringsit and spot on post. Today, I will take a first step in filtering and will start off by filtering the lovely pawelbak and Pogo, the green boxes look fantastic :)

Sp already recovering from when I topped up, free money in a few months time imo.

just topped up now, even cheaper than yesterday. Once again, no news. Apple lost an entire lawsuit and they dropped 2-3%, we drop 4% on zero news about the company at all.

Dirt cheap imo.

lockdown is out of the picture imo, we had over double the deaths in the US during the last part of September when Bond was on the way and potentially at risk from such high numbers

If we didn’t lockdown then, why would we lockdown now with no new variant? Makes zero sense whatsoever.

Another very irrational movement from the sp once again based upon no real risk to the company.

I continue to hold.

Try and dissociate yourself from the number and remember the value of the underlying business.

We all know it is significantly higher than what it is currently.

Might be a day where I just close the app and not compulsively check throughout the day. No intention of selling whatsoever.

Good evening lpd and spot on post, hoping to see ghostbusters during the middle of the week hopefully :)

Thank you for your comments Swade :)

Tomorrow is another day, hopefully we see some green. ‘Green is Green’ as is antmoss’ trademark phrase :D

TLDR (I don’t blame you): The company is improving faster than expected and COVID doesn’t seem to cause any significant concerns for us now. The large scale selling off by retail (who own approx 30% of CINE) can trigger another large scale drop in the sp like July if we don’t act rationally and with caution.

Take a read of the interim results and the trading update and just see the improvements so far, The Matrix and Spider-Man are right around the corner too.

Hope sammy is enjoying reading my post on his 54 inch kindle :)

All imo.

Let’s be honest and think logically here. There is quite literally nothing to trigger the drop we have seen today. Mr Zahawi said earlier today that the UK could be the very first country to exit the pandemic for good due to our strong vaccination uptake. Remember that the government is sticking to Plan A for now, and even if we move to Plan B, no provision for a lockdown exists in that plan. Plan B simply consists of the reintroduction of a mask mandate and working from home. That first restriction concerning the mask wearing has actually proven to work in CINE’s favour, as more people are likely to purchase concessions to avoid having to wear a mask.

Now, the reason why I said think before you act in the subject line is because the sp is dependent upon what we as a union of CINE shareholders do now. If you were invested here in June-July of this year you will remember the sudden heavy drops we were having on a daily basis, usually about 10%. We dropped from 84 to 58 in a matter of days. Many were whipping up absolute commotion in this chat board, people were anticipating bankruptcy, some were saying we were going to get bought out for a smaller price than the current market cap and other crazy theories. What happened? Absolutely nothing at all. There was no cause for concern.

But what we did find out afterwards was that the majority of that selling off was from private investors like me and you. And what we also now know is that the selling off has given the MM’s a chance to keep us in the 60 range for much longer than we should be.

So to cut it short, if we all panic and sell now that we have broken slightly below 60, then we will trigger a large drop in the price just like what happened last time when it caught us by surprise. The drop might be to 50 or 40. Basing it from the size of the last drop it could even be 30s. In such a scenario, nobody here benefits (except pawelbak and a few others). HF’s get an opportunity to bail out at such a low price, and with such a derisory market cap at such prices it would give them even more leverage and control of the share price.

If anyone here feels that 30-60p sp is fair value considering our current state of affairs then you need to buy a new calculator. My honest, conservative fair value estimate right now is 80-90p easily. Hedge Funds need you to sell off now, that is an open secret. Such a drop from us would give them the perfect opportunity to cover their short positions, because even with a sustained rise from their covering they would still be able to close at a decent profit.

Personally, I’m sat here with some dry powder spare for tomorrow. I expect tomorrow to be green, but again you never know what is around the corner. Whatever happens and whatever the share price drops to, I will hold and continue to top-up unless if something extreme happens with the company, which appears to be highly unlikely at this time.

I’m approaching the character limit, sorry for the waffle :)

Good morning patiencebringsit and StreamInvesting, spot on with your posts.

The sp is acting completely irrationally, I am continuing to hold. As I have said before here I will not consider selling anywhere below 300 (including after dilution from convertible bonds) unless if something extreme happens.

Danosaur not necessarily. The judge didn’t give a timescale for us, so Cineplex is simply giving a ballpark guess. Nobody knows when that verdict will come out, it could come out tomorrow after hours for all we know.

Yes, you read it right. We have had nice price action today imo.

I am probably overstating my positivity, but whilst the likes of IAG and EZJ are dropping 5-6% today we are down 2%. This is more confirmation of our strong support at 60p. In my opinion, that is the minimal price we will see during this period of idling whilst we wait for the court case verdict.

Whilst IAG and EZJ were dropping vertically (and the majority of the leisure sector), CINE rebounded once it hit slightly below 60.

What has changed with the business since our Trading Update? Absolutely nothing. I continue to hold with confidence. I topped up early in the day at 61.9 and 62.2, I wish I could have scooped up some more when it dipped to 59.

90% in October means we are recovering at a faster rate than initially expected by CINE, the bearishness is confusing to me.

Hello Walshy, I don’t quite understand that. For every share bought one must be sold and vice versa. So how is it possible 7.3m to get bought at 3m sold?

Court case verdict is expected for December, however we do not have a specific date.

Despite the repetitiveness of the question surrounding the court case verdict, it is promising to see many new posters arriving and asking. It is showing that many are on the sidelines waiting for this verdict imo. Otto is probably the 10th (if not higher) person to ask about it, so there is definitely a lot of people waiting on the sidelines for this. In my opinion of course.

Good evening smalltrader, hope you’re keeping well.

Spot on post, it is laughable at this point.

To be honest, when I joined back in July I saw FI as a conservative investor who was highly critical and a thorough scrutiniser. Now I see him as a persistent source of pessimism who will look high and low for anything to dampen good news. It is evidently intentional when you go back to 2019 to find something to counteract what was one of the best trading updates during COVID so far. I asked him an alternative question about September’s being underrepresented and I received no answer from him.

Let’s see how he spins deleveraging and the reinstatement of dividends when they arrive…

Wow MillyC, first post on your account and out of the thousands of stocks you decide to come to CINE to chat nonsense!

Thank you for directing our attention to a 2019 RNS and completely and totally misunderstanding and misinterpreting the document.

You know it’s bad when pawelbak even has more skill at deramping than you, go and practice elsewhere first :)

Hello FunInvestor, I struggle to distinguish whether you are being analytical or overblown.

To roll your calendar all the way back to 2019 in an attempt to find some way to dampen the 90% from the trading update is truly astonishing work. Give yourself a pat on the back. You are effectively saying that the 90% figure is disproportionate because October 2019 had 4 weekends and October 2021 had 5.

In that case, would you say that September’s 60% figure for 2021 is underrepresented because September 2019 had 4 and 1/2 weekends and September 2021 had only 4 weekends?

I must say I am excited for the day when you finally have no way to counteract good news, that day will come eventually :)

Lovely for you to drop by Lhall.

CINE retail investors are in possession of 24.1% of the total outstanding stock, which equates to 36.7% of the free float. With a market cap of £867.5m, I don’t quite see eye-to-eye with your £20 figure.

Please re-evaluate your maths and come back to us. Or better yet, just don’t come back to us at all :)

You make a very good point Bonkers, and I understand your point of view.

From my understanding, James Bond was a massive hit in the UK as it is highly ubiquitous here. In the US, I don’t believe it made such a large impact. It grossed about the same amount as Free Guy in the US, Venom and Shang-Chi grossed significantly higher.

Therefore, I wouldn’t attribute the 90% GROUP revenue to James Bond, but I would attribute the 127% UK revenue to James Bond instead.

Spider-Man, which is going to be an absolute hit in both the US, UK and our other regions, is going to really be a fantastic finish to Q4. In my opinion, we may see 100% of 2019 revenues for December because this release is not just a hit in the UK, the US (our biggest market) will also benefit greatly.

I do fully understand your perspective though Bonkers, hope you’re keeping well.