Member Info for mountainous

Wow PW, really? That’s fantastic, where did you find it out?

The reason why piracy is rampant is because of those same streaming services you are referring to who are doing hybrid releases, which further reinforces the importance of cinema to the industry.

Netflix is popping champagne bottles and shouting from the rooftops that Squid Game will earn them nearly $900m. Cineworld brought in over £4bn ($5.50bn) in 2019. Netflix isn’t a danger to cineworld anytime soon.

It’s all very funny FunInvestor isn’t it. I must say I’ve been biting my tongue for a considerable period of time with your side comments, but I would love to input my 2 cents on this one.

I remember our lengthy argument we had with regards to positive working capital, where myself and other investors on this board promptly shut down your incorrect statement about the $170m dissenting payment coming out from the debt facility.

We then saw you move to attack the box office performance where you said we were ‘way short of 60%’ last month, and that was promptly shut down too, in a month where box office levels were at or exceeding 60%.

You then moved to say that the increase in concessionary spending was ‘inevitable’ even though the report clearly stated otherwise.

Then you moved to say that it was the tax credit that gave us positive working capital, even though it was in an entirely different month.

You will go left, right and centre to find anything of a negative nature of this company. OR you will spin someone’s positive comments into negativity, just as you have done now. Someone just posted a simple headline that said the box office is 4% off of the average pre-pandemic level. Nobody said it would mean more revenue for us, nobody said it would benefit CINE directly, it was just a headline, and then you go on to add that ‘cineworld screens there = zero’. As lpd pointed out it was simply a case of movie studios looking at the theatrical window with more favour.

You will run around to find even a single ounce of bad or contradictory news to add on to other’s posts. I can guarantee that if we get a trading update in November with positive news you would still find something negative to add.

You act as if it is a fully balanced view, myself and others think it is quite the opposite. Sort of like the kind of teacher you would have in secondary school that never used to have hope in their students.

Regardless, this is a free country, so I’m not one to stop you. I just find it quite snarky how you make such side comments and then sign it off as a balanced view.

Not a very active board, but I am certainly looking to buy some of this once the share price falls a bit again. Definitely a good one to have over winter imo.

Hello StanleyPro, thanks for your response.

Retrospectively, I would say that it was a rather simple question to ask. Perhaps I need to get an earlier night tonight XD

Thanks once again :)

If it is market makers that are driving this price down and not shorters, then what stops them from crashing the price to 10p for a split second to allow shorts to buy up the shares very cheaply?

Tons, if not all of the stop losses would be triggered which would provide liquidity for the shorters to purchase shares and to close. So how come they don’t do that?

Hope that is all fixed now BlueBuxton!

If CP lose after all of that it will be added entertainment value XD

I think if we lose, we will be ok. The drop will be a nice chance to top-up imo. We had a good c. £500m in the bank in June, which has likely become even larger now as we’ve had great trading conditions.

Was having another little look through the interim results and the conference call and have noticed that the first test we are going to have as per the debt covenants is going to be in June of 2022, where our net debt to EBITDA must be no higher than 5.0x.

In essence, we have until June of next year to get our EBITDA into or below that 5.0x range. Based on how strong performance has been in the UK, and the improving trading performance (and lower COVID figures) in the US, I think we have ample time to meet that test.

We are also subject to a minimum liquidity requirement of £100m as per some debt covenants, which we had more than 4x of back in June.

When people say that this company is going bust, I fail to see their logic. Continued reductions in capex and cash burn as announced in August will further reinforce our financial position.

In my opinion, we are in a good place right now. What we just really need to do now is continuing to pay the interest (which we are doing just fine with), and keep going with this trading performance, which is only looking to be getting better and better with The Matrix and Spider-Man on the way. Chances of bankruptcy remain low imo, it is simply a scare story right now to suggest we are heading to 0p (cough Motley Fool cough)

Anyways, it’s 4am, I’m off to bed, safe in the knowledge that CINE isn’t going anywhere anytime soon :)

All imo.

Hello smalltrader- hope you are keeping well.

Very nice post. I would definitely hope that she would give us a date as to when the result is announced. The sooner the better :)

BlueBuxton- sent me into absolute laughter haha, despite his ridiculously hostile courtroom techniques I think we’ll miss him at the end, he’s been such a source of entertainment.

Good evening Cruis1, I got my ears syringed on the NHS a few months back.

I was having quite serious nosebleeds and my GP referred me to an ENT (Ear, nose and throat) specialist. I visited the ENT and then when we discussed the nose problem I also brought in the fact that my hearing wasn’t as good as it used to be and the inside of my ears felt quite pressurised. There and then, he took me to one of his colleagues who did the hearing tests and found out that my hearing was a bit affected. He told me to use olive oil drops and then return in about a month, and then they syringed it.

Nearly impossible to get it done via the GP, shame the NHS has come to this. These days i’ve found that getting a referral first and then bringing up the problem to the referral works better.

All the best for you.

Remember why we invested here. I started investing in CINE during March, the very same day they announced their $3bn loss for 2020.

Ever since then, this company has just improved and improved. We made it through the pandemic, something many people weren’t expecting. We made it through the very slow days of the business where customer demand was still very low, I remember going to CINE the first day it reopened in the UK and the place was as dead as I’d ever seen it.

Now, we have seen packed and filled cinemas, something that is occurring on a weekly basis. We have seen that the US business, where the majority of our business comes from, is also making a good recovery.

Whether you’re an investor or not, it is indisputably clear that the company is well on its way to a pre-pandemic level.

We have had many hinderances to our sp. Excessive shorting, ongoing litigation and a fear of a return to COVID restrictions. These things will pass. CP court case is likely to be over by the end of this year, and COVID restrictions (if they’re imposed) will only last for the winter. The shorting will decrease in due course.

Patience is key here. Remember that everyone is in it for the money, once large firms see this stock so deeply and fundamentally valued and the risks (covid restrictions, court case etc) are out of the way, they will run to this.

In the wise words of Warren Buffett, the stock market is a tool to transfer money from the impatient to the patient.

Thank you for the information lpd.

It’s great to see others posting about the performance of their cinemas. Quite a few of us down South, a few of us in the centre and a few up North as well, so I think it is quite an accurate picture of how the business is doing as a whole. It’s like having a makeshift trading update of our own.

Fingers crossed for a positive week! Would be great to end green, that week where we crossed the 80s was so euphoric :)

fantastic news chox, thanks for sharing.

Perhaps so JG, Adam is also very active on Twitter. Have a look at this tweet:

https://twitter.com/ceoadam/status/1450052542235242501?s=21

This is the kind of thing investors want to hear. If you have a look throughout his Twitter you will see lots of information like this which is aimed at investors.

Funny how they informed us of an upcoming vote to approve their bonuses and made an entire report to specify what the bonuses are, but they haven’t informed us of how the company is performing for nearly 3 months…

Must say that Adam Aron’s continued updating and reporting of his company’s performance is in very stark contrast to Mooky’s, which has been rather non-existent.

Interesting fact for those that might not know, 24.1% of CINE stock is held by regular public investors like me and you. It is almost as if CINE dismisses this section of shareholders and only focuses on the large institutional ones, as we saw lots of during the court case. Institutional investors were messaging the CFO directly in the middle of the evening and they were getting a reply almost instantly.

We’re not asking for the same ability to message executives, but at least a little update on how trading is going after every large movie or two would be fantastic and would work wonders for the share price. Even more presence in the media would do great to counteract the negativity we get from some media outlets.

Adam Aron says ‘each and every shareholder is important to AMC’, where is the same attitude from CINE? Hopefully Manuela Van Dessel is reading…

Hello MT,

Yes, so far CINE has not been performing as we have wanted it to, however timing any investment is certainly easier said than done due to that fact that we don’t know exactly how the stock price will move in the future. My avg price is 76 at the moment; would I have held off if I knew the price was heading to 58 back in July, heck yes I would have, but none of us knew lol.

However, if we see CINE rise back to 100p or pre-pandemic prices our average prices will likely be the least of our worries at that point :)

Have yourself a pleasant weekend too :)

Hello Mastertrading, good morning to you.

With regard to your concerns about CINE and the travel sector, I would say to think logically and not act impulsively. I too hold quite a few travel stocks that are getting hammered, but I always remember how their situation is and where they stand.

NEX- very strong liquidity and improving attendance
IAG-Also very strong liquidity and British Airways looks set to do well in the near future with the US lifting restrictions. The CEO also ruled out an RI a few months ago.
CINE- also very strong liquidity and able to survive another lockdown as per the director’s scenarios.
UAL- (United Airlines) also decent liquidity, plus they have a mix of domestic and international business so the impact from COVID restrictions is lessened.

When you remember the fact that these (and your) companies are in a decent position (DYOR for yours), it drastically lessens your fears. COVID will end eventually, it can’t continue going around, many are saying that it may mutate and become more weaker and plus we have booster shots and now the Merck pill as well. Even if it takes another year, economies and countries will likely prioritise the state of the country eventually and decide the risk is no longer major.

Just like most things it’s a matter of time, eventually we will be back to pre-pandemic levels.

All imo.

Why would an American supermarket be interested in buying a cinema chain?

If Mooky created a US listing, how would that be ‘at our expense’? Mooky and his brother own approx 20% of the stock, so if a US listing was done at the expense of UK shareholders it would be done at his own expense as well.

spoon_key, good evening to you

When I spoke about COVID becoming better, I was referring to the creation of new booster jabs that have proven to be strongly efficacious as well as the introduction of the vaccine to other age groups. This time last year we were met with an exponential rise in both infections and deaths, and that is not happening this time.

Hope that clears the message for you. You should also learn to be respectful of other’s opinions. You call the vaccine a test vaccine with insufficient safety testing, and I will not bring in my opinion on that as I do not want to inflame the atmosphere, however it is worth mentioning that people were in the clinical trials when this vaccine was still in development. My point is that it is people’s opinion and personal choice as to what they want to inject themselves with.

Take care of yourself.