Member Info for mountainous

Thank you very much Bonkers, hope you’re keeping well.

100% it’s very important we keep the trust :)

Hello Darkenvoy, next one I believe is in March.

We are also hopefully expecting some kind of trading update in November, fingers crossed.

Good morning all, let’s put the lockdown worries to rest.

Last night I explained why I feel this country cannot afford another lockdown. Too expensive and way too many other side-problems in the economy at the moment. Another lockdown would probably cause more damage than the damage it is trying to solve.

However, let’s even just say that by some stroke of bad luck another lockdown happens. Why are you panicking? Our H1 2021 results clearly explained that as of June 2021 the company had sufficient liquidity to make it throughout another GLOBAL pandemic, let alone just one in a country that only makes up about 18% of our total revenue (UK). That was as of June 2021, 4 months ago, and as we all know we have had fantastic trading ever since then, it is likely that we have strengthened our liquidity even further.

Lockdown isn’t anything to worry about even if it happens (which is unlikely imo), we are going to be just fine.

All imo and not financial advice.

Hello Copper, hope you’re well.

The last day of court is on the 3rd November, the dates on the website still need changing.

As far as the verdict goes, the judge will make her own verdict after and it will be written. We don’t know when the result will be yet, however many are expecting it to be out by the end of the year.

Hope this helps :)

Spot on Breakfast, Mooky’s bonus would be nigh on impossible to achieve.

You also added that a convertible bond would already dilute us anyways, so to add further dilution to the mix would just be unreasonable.

*disclaimer, I’m not saying that any of these things aren’t going to happen, I’m just explaining how I don’t see sense in them.

Good afternoon all, hope everyone is well.

Seeing a lot of talk about potential takeovers, cineworld entering private hands and rights issues, I’d like to give my interpretation on that.

Firstly, with regards to the rumours of takeovers from NFLX or others, it is most certainly a possibility. Personally, I don’t want to see a takeover at this stage. We have an enterprise value of over £7bn, and we are well on our way to recovery. This will be back over 300p within 2-3 years imo. Now, whoever approaches to buy CINE will of course not pay 300p+ per share right now, and that is why I don’t like the idea of that, there is more upside possible and it would not be a fair judgement of CINE’s future potential in my eyes. Plus the return of dividends in the future would be no more.
As far as Regal goes, Regal didn’t have 10.2bn in debt when it was a takeover target, so that may be what is holding potential buyers off right now. The interest payments are large as well.

I may be quite biased there because I don’t like the idea of a takeover, but that is my interpretation.

With regard to Mooky and Co. taking it private themselves, they would need to pay a premium on the stock itself. Similar to the external takeover, I wouldn’t like to see that either. The reason why they were considering it back last year was because nobody knew the future and nobody knew if they were going to make it out alive. Even in that state, Mooky said that the idea was ‘more insulting than a spit in the face’ during the court case evidence, so what makes you think he will do it now?

Now that we are on our way to recovery, why not keep it public and let shareholders reap the benefits. Plus, Mooky and his brother own a lot of stock, they stand the chance of getting back to profit with their shareholding too.

Something with regard to the takeovers as well is that the majority of institutional investors with a lot of controlling interest here were invested before the pandemic (close to 250-300), so why would they vote in favour of a takeover which would result in their investments being sold at a substantial loss?

With regard to the rights issue, again I don’t see that coming. Our stock is significantly undervalued. To do a rights issue now would make a small impact on our debt. It is better for them to wait for the sp to recover and then do a rights issue if still needed. Who knows, perhaps we might not even need an RI at that point if the company recovers well. The company said they had a goal to start deleveraging in 2022.

Apologies, this is quite the departure from my usual happy optimistic tone, but that is my view on that, I don’t want to see cineworld taken into any kind of private hands :)

Mastertrading, the one and only reason is manipulation and dirty games at this point.

I bought some shares today and it took longer than normal, whereas another fellow member here prepared an order to sell and he got a quote STRAIGHT AWAY. The buying pressure is there, but it is being suppressed by MM’s and HF’s.

By holding, you are not only investing in the company but also investing with the potential of a short squeeze, it is a matter of time. I posted a calculation earlier showing just how bad of a position HF’s are in to close, they are in a much worse position than we are. You can only manipulate so much until it all gets exposed and the whole thing falls to pieces, we have 2 major potential catalysts, those being the court case and the trading update.

Another red day, but tomorrow is another day for us. Let’s dust ourselves off and continue the faith, we are doing really well as a company, it is just a matter of time until the sp reflects that.

All imo, not financial advice. Stay strong and keep the faith all, we will be awarded abundantly in the end imo, let’s wait and see.

Hello HappyInvestor, hope you’re well.

I’m not that involved in this board, much more in CINE lol.

However I remember reading a news story where the CEO said that he would ‘not tap City for funds’, so wasn’t rights issue off the table a while back?

Today’s volume is perhaps the lowest I’ve seen in a long time. Put an order to buy earlier at about 65.8 and it took a good minute.

Low volume means many shares are being HELD not sold, if people were selling the volume would be significantly higher. Short interest stands at 9.2%, total outstanding shares is 1.37bn. That is approximately 126 million shares short. We normally get about 5-10 million shares in volume per day, and we have about 1.7 million shares in volume today. If they today (or even on a normal volume day) decide to close just a small amount of what they shorted the sp would be DEEP green, there is no easy way out for them.

That is what happens when you short a company to the extent it becomes the most shorted stock in the country. You are playing with fire and it’s an uphill battle.

All imo, not financial advice. Have a great Monday all :)

We were at $307,074,987 when I checked yesterday, box office mojo now showing $417,459,257. It has been a mega weekend. 80-90% of pre-pandemic is looking very likely this month imo. We are now standing at 53.4%.

Dune has already achieved $129.3m in global box office without a US or a UK release, both of which are coming this week (or tomorrow if you’re an unlimited card holder).

Sp remains at 66.70, I have never seen anything more undervalued imo. One catalyst and we are free and flying, if we can get a success at the court case and a favourable trading update by the end of the year this is an easy 90-100p+ by EOY. Everything imo, all the best for this new week everyone, we are in this together (except if you’re pawelbak who’s waiting for 55) :D

most certainly bullsbears, you’re not an exception there because I’m the same way!

Thank you for your response smalltrader, hope you’re feeling better today.

The fact that NFLX is observing the industry bodes very well for us, it’s just goes to show that streaming is not the big player when it comes to the movie industry.

All the better for CINE :))

Precisely that bullsbears, NFLX could just push direct to cinema and they would make fantastic revenue from there.

I don’t know if they’re willing to swallow their pride and push direct to cinema, it seems massively contradictory to their business model. Time will tell if they have the courage to do it. If they do, we are well in the profit from it imo. I even think many of Netflix’s content would be better on the big screen, Mooky also mentioned he respected the product.

Fingers crossed, I would much rather they put their content in the cinemas rather than acquire the company itself.

smalltrader- very fantastic post.

It just goes to show that streaming is no threat to the cinema at all, our profits and margins are superior to their own. If anyone wants to acquire CINE I reckon they are waiting for the end of the court case to ensure they’re at no risk of a $2.1bn additional payout, the price of this company as a whole is a bargain right now, if I had the money I’d certainly be interested.

Hoping to buy some more CINE tomorrow if we have another red day

Went for a rewatch of Venom tonight and it was PACKED TOTALLY.

Foyer was completely packed, poor staff looked very tired out. Massive queue even at the ticket checkpoint to enter the screens itself there were so many people.

4DX was completely and totally packed solid, except a few single seats every single one was occupied. Leaving the film, the foyer remained very busy.

Business is booming, there is no stopping this company now as long as there is no lockdown or anything like that. I will be very happy I put money into this company a few months down the line. All imo.

Hello FunInvestor.

Indeed, one person can only view one film at one time, but they can also return to the cinema afterwards to watch the same film again or a different film.

What the numbers show imo is that we are having more people coming into the cinema than pre-pandemic, which has also been reflected in what I myself as well as many others on this board have seen at their local cinemas.

Indeed the progress is not in a straight line, however what my initial intention was from the post was to show that in order to have 90% of box office revenue you don’t necessarily need 90% of attendance figures, and as a result with a lot more movies still in the pipeline we could see that base case scenario being met earlier than what a lot of people may be thinking.

Have yourself a fantastic weekend :)

Sorry to hear that smalltrader, wishing you a speedy recovery :))

Have yourself a great weekend :)

spot on and good afternoon smalltrader, hope you’re keeping well

Good morning all, hope you’re keeping well.

Full September Box Office: $366,956,906
First 15 days of October Box Office: $307,074,987

First 15 days of October and we are already nearly on par with the full month of October.

Number of releases in October 2019: 217 ($781,640,754 box office)
Number of releases in October 2021 so far: 60 ($307,074,987 box office)

We are achieving c. 40% of 2019 box office revenue with just 27.6% of 2019 release numbers in October so far. In my opinion, this shows that we are in fact seeing an increase in the number of people going to the cinemas and the frequency of which they come. Therefore, all of the increase in demand that we are seeing for ourselves in the cinemas is indeed translating itself to box office revenue. What this means for us (again imo) is that we may not necessarily need to see 90% of box office attendance to see 90% of box office revenue, thanks to the increased frequency of people visiting the cinema. Combine this with the increase in ticket prices, increased retail spend per customer, as well as the cost-saving measures that the company has implemented and I most certainly think we are going to see 90% of 2019 revenue a lot quicker than what people may be thinking.

Have a fantastic Saturday all :)