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We have indeed closed at 66p+ BC, hopefully the second part of your prediction also comes into fruition tomorrow :)

FYI Cruis, Netflix lost close to 500,000 subscribers in their last quarter. That’s a phenomenal amount of lost revenue for a company in an industry where every subscriber counts.

In reality, when you have 1 subscriber, you have 5 watchers. That is an industry where it is incredibly difficult to turn over a massive profit; in a way your profit gets split into 5.

Cruis- the reason why nobody took cineworld when it was at 18-25p is because nobody was sure if CINE would make it out alive. They were waiting anxiously for a loan to be accepted, and that was a lifeline for cineworld if I understand it correctly.

Absolutely smalltrader. If Netflix or anyone else came forward for an offer, I would hope that cineworld would announce it and say that it significantly undervalues them, just like they did with Morrisons. Sp would rocket up, shorters would get ripped to shreds, and the market would realise the true value of the company.

Good Morning smalltrader, takeover is definitely attractive at this price, but I don’t think Mooky is on board with a takeover at this kind of sp. Mooky has a massive avg price on his holding, so unless if the takeover price is close to that, I think he would rather hold onto the company and take the sp back up to where it was. This can easily reach 300p+ in the next few years. Cineworld also had a plan to grow their estate and company, which is where cineplex came in. With Mooky’s expertise, I think cineworld can grow into a much larger company, perhaps even overtake AMC in the future too, they nearly did it with cineplex.

Plus, we have other benefits as shareholders coming for us right now. One of them being the spectacular dividend we’ll receive within the next few years hopefully.

ForeverNever, if CARD is having to selling their product to other companies for a massively downgraded price, I think that tells you all you need to know about how their company is performing…

No offence intended to CARD holders, but how in the heck is cineworld the most shorted stock in the UK and CARD doesn’t even make the top 5?

You can go to home bargains and get a card for 99p as well as other party supplies for much cheaper, surely the business model is falling apart by now unless if I’m missing something?

Interesting post on Reddit last night of someone encouraging people to report the suspicious activity on CINE to the FCA for investigation.

Has anyone done this before, and do you think we have a good case here?

Great post Bonkers, so much going for this company right now.

Hi Sammy, thanks for the response. If that was the case, we wouldn’t see a higher number of buys than sells? More people buying than selling indicates that they are satisfied with the price at the moment, otherwise they wouldn’t buy?

Apologies everyone, this may be a very simple question to some, but when I first started investing one of the main principles I learnt was that of supply and demand. When demand overtakes supply, the stock price increases to encourage more selling to fill those buy orders (the demand). When supply overtakes demand, the stock price decreases to encourage more buying to fill the sell orders (increasing supply to counterbalance).

So why, on several days where we have a significantly higher number of buys than sells, does the share price fall as it does? Today is the exact same thing. Could someone enlighten me on this?

I understand the reasoning behind selling out if you need the money as a matter of urgency, but leaving simply because you’re tired of the idling sp is unfortunate (although understandable, it’s annoying me too). However, it’s also a reason why I am currently holding at a relatively large loss, we could shoot up in the near future and I don’t want to miss out. You sell today, what if someone comes forward with an interest to acquire next week? Or if shorters decide that they’re in the wrong and decide to exit? Maybe they seem like implausible scenarios right now, but you don’t know tomorrow…

CEO not selling anything, CFO not selling anything, Deputy CEO not selling anything, Chair not selling anything, so why should I?

Thanks for the article plumber, a relatively positive one from the motley fool compared to what they’ve said before.

With regard to the comments about the film slate, I think that in time it will return. From what I’ve seen before covid, the cinemas are busier than ever before (someone also pointed this out yesterday). This is the pent-up demand that we were looking for, it’s unfortunate that the market is not recognising it. The comment about the winter coming up and the potential upside there is also an encouraging one, as it makes sense. Rainy days and bad weather won’t let you go to the park or to the beach, and term time means you can’t go abroad easily, so the cinema is a great alternative for them.

Market is irrational sometimes, and unfortunately there are factors holding us back right now, the main ones being cineplex and the fear of covid, as well as a limited film slate. The company is still very undervalued at this price imo, so I will patiently wait and buy more when I can and wait for a correction. 122 in the middle of lockdown and 62 now, makes no sense at all. Shorters and MMs can do all they want to, but once cineplex is out and winter comes round with (hopefully) no new lockdowns, big firms will start rolling into this stock I think, and shorters won’t be able to suppress it any longer. It’s just a matter of time imo.

Just a quick reminder that the US Federal Reserve released the minutes of their meeting yesterday where they said they are discussing to stop the asset purchase program. It is a stimulus package, meant to spur up the markets a bit. This kind of news rocks the market a bit, hence why the sp has dropped completely today, along with many other stocks in the UK. The US market has too big of an effect across the world unfortunately imo.

It’s a matter of time until the day-to-date releasing stops imo. The reason why it’s continuing now is because movie studios started doing it during the thick of the pandemic. Perhaps they are still unsure about how people have returned to the cinemas, so they are releasing it on streaming and cinemas simultaneously to capture some of those people who may have stuck with at-home streaming. Fact is that attendance is recovering well and fast, once bond is out, I think attendance will explode there.

Following on from the significantly poor streaming revenue from Black Widow, Jungle Cruise etc, I think movie studios are realising that streaming isn’t working anymore now that the pandemic is coming to a close. Like Mooky said it’s an ‘experiment’, and a failed one at that, he too is expecting the theatrical release window to return. This is one of the main reasons why cinemas just can’t die out, movie studios would lose the majority of their profit if it wasn’t for companies like cineworld.

Just out of curiosity, if someone came forward with an interest to acquire, what price per share do you think would be fair considering the current state of the company?

lovely post smalltrader, thanks for the motivation

Hi bullsbears, proceedings starting September 13th, lasting about 3-4 weeks if I’m not mistaken :)

Hi Lar, I have the same concerns. I just bought more this morning. Personally, I don’t see cineworld heading to bankruptcy if they lose the case. Interim results show nearly $500M in cash, and I think borrowers are likely to help the company too if it comes to that point. Also, in the event of a large payout, cineworld would not need to pay the entire thing immediately and would likely pay it off bit-by-bit.

Fact is that cineworld has a good case for themselves, latpulldown dissected the situation well yesterday and brought forward a few provisions in Canadian law that may help them. Even if all else fails, cineplex is claiming a phenomenal amount, many people have said that cineplex is being very over-the-top with it, and that the actual amount would be less.

Whatever the result is, I’m hoping we can deal with this as soon as possible and put it behind us. Very well may be the case that cineworld know they can’t payout $1.1B at this time, and are delaying it for as long as possible to cover themselves. Gone on for too long now and it’s likely a big reason why the sp has been flat for so long. Once this court case is behind us, and cineworld state how they’re going to payout if that is the outcome, then I think maybe we can restore some other larger investor’s confidence. All imo.