I expect another go at 3p coming soon
All i've been hearing for the last ten days is that CINE is bankrupt and shares will be suspended, huge debt, will lose everything etc.
I log on and we are up? What is going on here?
I think something big in being cooked up behind the scenes and we are going to be pleasantly surprised!
Hold for Gold!
There is something big being cooked up behind the scenes. I would have thought we would be suspended by now, but there are still buys going in which shows there is confidence here.
Enjoy the long weekend and see you next week!
No news is good news!
We are a week into the rumours of bankruptcy and down to 2p, but this dog is still alive and kicking.
I think it we will get a few more pumps before it goes into administration.
Would love to see a RNS drop about restructuring their business/debt. takeover, bailout, additional investment etc....
HeyHo! One can dream!
If 2p hold near close, i may take another little punt on this dog!
Only pocket change, but you never know ;)
lmulhare - If you read the small print on the Cineworld page it says valid until 31st Oct 2021
The market hates two things - Debt and Uncertainty, and CINE is delivering both by the bucket load!
However, 'Restructuring' the business will give the share price a boost.
CINE can cut staff levels, shut down loss making cinemas, sell off assets to generate revenue, streamline their whole business model etc.
Not good news, but in the business world this will be received extremely well and I think the share price will be between 5p-7p.
Was tempted to take a punt @ 3p today but the $4 billion debt scares the hell out of me!
I feel for the company staff who don't know if they will have a job tomorrow!
GLA !
Yes, i feel for the thousands of CINE employees who would have seen heard the rumours and seen coverage on the news channels.
The uncertainty is terrible and the thought of not having a job next week could drive me mad!
The company needs to issue an RNS one way or anther!
Now we are faced with a few scenarios:
1. The rumours are correct and we get an RNS claiming suspension of shares and CINE going into Administration
2. We do not get any news!
3. We receive an RNS stating there is no truth in the rumours
4. A competitor or VC's buy us out at a discounted price or we merge with another company
5. A large placing is announced which will dilute the shares further
Just pulling these out of the air, but we must hear something soon!
GLA!
Here comes the bounce, 3p hit
Picked up £1k @ 2p
Up £500 already.
Will sell when it hits 5p
Fortune favours the brave (or possibly stupid)!
Please calm down - believe nothing until we get a formal RNS from the company.
Just imaging if they release an RNS stating 'there is no truth in the rumour' ?
Fireworks!
Just bought £1k @ 2p.
Lets see if there is a dead cat bounce here!
Just hit 3p.
Glad i sold out at 7p. At least god some beer money back
Just jumped the lot at a loss! What rubbish!
Just appeared in the Breaking News on Sky News