Member Info for mountainous

Wonderful post moneypit, and indeed it is very funny.

Why not put your money where your mouth is like the rest of us? Very interesting.

Thank you Bonkers and smalltrader for your comments.

I really hope that once the interest change data is realised that the markets will rise, fingers crossed smalltrader :)

Either way, this is a matter of time. Eventually we will get there.

Feeling inspired by your transaction lpd, I have also bought up a bit more. At 61.9 to be exact earlier on.

Increased my position by 13% since the initial fall from 84. We are well on our way to recovery, the market will soon realise it imo.

smalltrader- good afternoon and spot on with this post.

I will add to pastyc’s comment by suggesting that he/she goes and reads the Interim Results. It says clearly there that even if we have another GLOBAL lockdown, we would still have sufficient liquidity to survive. So what is pastyc’s thought process that we are going to go bankrupt now that we are at c. 70% of 2019 levels?

Just seen in the news that the Bank of England could increase interest rates as soon as next month. I see this as a positive as the sooner we can increase them, the sooner we can get inflation back under control and the sooner we can see the market sentiment begin to rise again. The governor for the Bank of England said the we NEED to act on inflation, so its a matter of when not if. I believe they have a vote on the 4th November to decide that.

With regard to COVID, it is certainly looking more positive, booster shots are on the roll out and the CDC is looking at the mix and match of the vaccines to see the efficacy. We also know that the government cannot afford another lockdown due to the financial impact and the bad PR that it would create for the vaccines.

All in all, I see CINE ending the year on a positive. If we can get the court case out of the way, a trading update too and if we can get the markets back in normal working order I reckon that we will all see the green on our investments by the end of the year :)

Good evening all, hope everyone is well.

I have a friend in the US (Texas) who also goes to the cinema quite often, so I decided to ask him how the cinemas over there are doing so we can hear first hand how things are going.

He explained that the recovery is going well. To be completely honest and transparent, he did say that the attendance isn’t completely to pre-pandemic levels yet and that the cinemas are not always filling up as we are seeing in the UK, however he said that when big movies come out there is always a surge in demand and that it does get busy.

He also mentioned that Regal is quite popular and is just like AMC in terms of popularity, which is a nice sign to see us on par with our competitors.

All in all, his words have further strengthened my confidence that we are on the right path :)

Also went to see Dune at around 5:30pm today. The foyer itself was quiet, however there were about 15-20 of us watching in 4DX which was nice for a Thursday afternoon.

Hello Bonkers,

I, for one, believe we are also entitled to our counter-claim because since day one this whole court case has been a waste of time. This could have easily been settled out of court, and the likely thing that happened was that Cineplex was so stuck up in its mind that they couldn’t admit any kind of wrongdoing during the without prejudice discussions.

We have been taken to court for something that wasn’t our fault and something that we terminated correctly. We paid for lawyers (which are of course very expensive) and a whole bunch of other legal costs as well probably, and that is why I feel like we ought to win our counter-claim.

I don’t know how often it happens where a counter-claim is won and the claimant loses completely, but let’s wait and see :)

Come on now FunInvestor.

What is this so-called ‘focus on the large revenue generators’? If I spent a few million on a film and knew that putting it on streaming would cause instant losses, then I would 100% push it out to the cinema. For every single film created, there is always an incentive to put it on the big screens because it creates much more revenue for them, no matter if it’s a small or a big film. Even Netflix is snapping up movie theatres as they know that their product can succeed well there. There is no way that we are going to see just the very big movies going out onto the big screen and ‘The smaller stuff replaced with Netflix’.

Good morning Bonkers, hope you’re well.

I also share the opinion that we will leave with $0 to pay based on what I’ve heard both here and on the court case itself. To answer your question directly, the reason why we are saying that minimal damages could happen is because the Judge will likely scrutinise this thing very very deeply, and she may end up finding something that perhaps Cineplex is entitled to claim. I can tell you for almost a sure fact that it won’t be $2.1bn.

I personally can’t see anything here that Cineplex is entitled to, but I think we are saying minimal damages just in case if something happens. I think every single person here and probably even some at Goodmans counsel have already concluded the fact that $2.1bn isn’t coming. If CP counsel laid out cold hard facts in black and white about how we deviated and how they supposedly didn’t, then I think it MAY be on the cards for them, but quite literally the opposite happened and it was CW counsel that laid out the facts.

Hope this helps :)

https://www.fool.co.uk/2021/10/20/the-cineworld-share-price-drops-to-lowest-level-in-a-month-would-i-buy-it/

‘So yes, even with the risks, the dip means a buy for me’

Good evening lpd, thanks for your response.

What you have said is spot on. My preferred method is to see the advance bookings, just as you suggested earlier this afternoon. I have no idea how what is shown online can be less than what actually turns up on the day in total.

I believe we are well on the right path, we just need to wait for the trading update and then we will take it from there :)

Basilius, as you can see the trend is the exact same for every single film. When one large film comes out there is a temporary spike in admissions and then it shortly returns back to its normal level.

I respectfully disagree with your statement that online pre-bookings are not accurate.

If people book online, it is a confirmed ticket. If anything, it is the MINIMUM number of people that will be in the cinema that day, remembering the fact that most people book on the day. In my experience, there have always been more people in the screen than what it shown online.

Regardless, let’s agree to disagree. I can see we have different opinions over the box office and attendance, but that’s ok. At the end of the day, we have a mutual goal of achieving profit on our investments, and I see we both agree that the trajectory of the business so far is upwards.

Have yourself a pleasant evening, and thanks for your response once again :)

lol Sammy XD

In response to FunInvestor,

Money for dissenting shareholders was put aside beforehand.

With regard to the US admissions and your continual concerns about not achieving 80-90%, I’d suggest you go and see for yourself, go on the Regal website and do a practice booking like you would do with the cineworld site here, and you will see quite a good amount of pre-bookings. One for Dune tomorrow was quite full when I checked.

Hope that puts your fears to rest.

Good evening everyone, hope you’re doing well.

Today’s atmosphere here during the market hours was unfortunately quite bleak and discouraging. Of course, it is to be expected, after so many months of constant downfall we finally saw a rise to over 80p, many of us were over the moon to finally see green on our investments, and after all of that we are back to square one.

Many of us here are down by hundreds, some thousands, perhaps Bc with his massive shareholding is down tens of thousands, but here’s what we’ve got to remember:

The cinema doors are OPEN and people are coming in their masses. Honestly and seriously, check out Leicester Square showings for Dune as suggested by lpd, it will show you just how in demand we are. We are busier than pre-pandemic!

Everyone here can agree that as a business we are back and booming, all we need to wait for now is a trading update from IR, which will hopefully be coming in November. Once that is out, the market will have solid, black and white evidence to begin to increase the price. It is all a matter of when, not if.

Those amongst us who watched the court case, I also believe that we are all in agreement that we have set our case out well. The KPMG witness sealed the envelope for us.

Someone also pointed out how the volume increased rapidly towards the end of the trading session with no change in price. What we must understand is that those who are shorting are in a very unfavourable position. I have said quite a lot that fundamentals always prevail. Once the court case is over (hopefully with a victory), once the Trading Update is out as well, this price will begin to rise significantly. They must close now to avoid significant losses, but daily volume is too low to allow them to do so. So, they are in a much worse position than all of us here who are holding heavy losses.

Stay strong and hold tight all, no institutional investor is selling and neither is Mooky. We saw during the court case that big institutional investors have direct contact to executives at the top, so if anything is to happen we will see moves from them first. I understand how hard it is to wake up and see red every time, I’m currently down 18.4% myself and it isn’t easy to look at, but at the end we will prevail :)

All imo and not financial advice.

Have a great evening all and rest easy. CINE will once again rise from the ashes very soon.

Hello Rajbury, thanks for your response.

However, how is it possible to have a different number of buys and sells, it’s a transaction no?

FollowTheBear I must be missing something:

Stock trading is transactional, so for every share bought one must be sold.

So how is it possible to have nearly double the buys than the sells?

hahaha Alex, you think like a businessman XD

My local one doesn’t have a Starbucks FunInvestor, although I feel if we did our own in cinemas where there was no Starbucks it would be a great addition :))

Hope you’re keeping well.

Dear Manuela Van Dessel,

We know you periodically have a look on this board and I would like to forward a suggestion made by someone on the Reddit board.

Have you considered selling hot chocolate in the cinemas over the winter months? You can add the usual large mark-up on it as well and I reckon it is just the thing for the winter time. Perhaps forward the idea on to Renana Teperberg or the people who is responsible for retail?

Keep up the good work, still waiting for that trading update so we can see some positive movement in the sp.

Kind Regards,

Mountainous :)