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It looks like a combination of shifting sentiment with the latest news which will soon be forgotten when the next piece comes out, and the huge amount of new investors in the market that are easily spooked.
High volatility creates fantastic opportunities. I've set price alerts on a number of stocks that are unlikely to trigger but if any do, I'll be buying lots!
I got stung on the FTSE 350 Travel and Leisure on Monday PM so I feel everyone's pain here.
You would have also sold at nearly the top too! :)
I didn't tell anyone not to invest. Infact, if you had listened to me when it dropped to 77 before going up to 100 the first time, I said this might be a great time to buy in. On the second rise to 100, I bought in, as you can see in my comments.
So yeah, you'd have made good money if you listened to me. And you wouldn't have bought on a peak.
with his charts to tell us where the next support level is? he's probably sold after ramping and moved onto his next share.
I was also given sh*t for saying it would hit 52p again, and it did. (few weeks back)
People on this board cannot handle opposing views. You simply categorise them as derampers, as if someone posting on this board is going to have enough influence to impact the share price of a FTSE 250 company!
Yeah we are the same person. Just like the movie SPLIT. One saying itll go lower and the other saying higher. Lots of abusive comments towards my forecast.
Read back over the past couple weeks and you will see JM and investroid giving me sh*t for saying this i like my chances at 68-70p.
Now blood is in the water and investroid is saying 60p! Irony at its finest.
Funny to see which people are quiet/ changed their views.
However, I do agree with Investroid here, market sentiment has changed and the whole market is tanking so it is likely you'll see a massive pullback as loads of PIs get scared and dump at a big loss on the way down, pushing it further down.
There will be some great bargains around soon. God knows how long until sentiment turns positive again.
That would have been nice Jai.
I almost went into Marstons the day before it exploded! I almost bought Cineworld at 20p odd also except said brother put me off clicking buy. The gains on that position would have made Investroid's profit look like small change. Coulda Shoulda Woulda! c'est la vie.
I was just having a similiar conversation with my brother. He's had the same positions open since the lows in March and he's saying if only he went bigger on those positions....
hindsight is a great thing
bought a piddly amount but I'll hold until £1
Based on what? That's a huge statement, £2 by August.
I personally believe everything will once again be open by August for sure as this is when the furlough scheme starts winding down.
I think the deal represents a lot of risk at a large premium funded by debt.
However, the Regal acquistion resuled in tangible cost savings. In my opinion, if they can renegiotiate the price based on current valuation then it could be a great move on their part. I expect their profitability will improve due to operating synergy.
As long as they can service their debt and remaining a going concern then it really doesn't matter as they will eventually perform. They'll introduce a subscription scheme like Cineworld's unlimited and benefit from consistent, reliable revenue regardless of what movies are out.
As soon as Regal and Cineworld open their doors, they'll have a massive influx of cash from their subscription schemes. That's a lot of money to help with any cashflow issues.
I've been in and out of ITV. I'm kicking myself for not leaving my 55p position open. I took a reasonable profit and I'm back in at 84.18p.
I have quite a few media reseller contact and they've all been busy with companies rushing back to book space for June onward. It looks like it's missed FTSE100 regulation and I'm very confident it'll do well.
tell me about it, I'm watching the equivalent of a few months salary appear and dissapear from my portfolio's value as the day unfolds.
Ill make an absolute killing if this hits £1
I have a position open on cineworld. My orders triggered as it fell to 77p, although it only equates to £9k in value. I did expect it fall further which would have triggered my larger orders but its win win in the short term. Small profit if it just needs going up, or big profit if it goes down before going up.
And my original post said I fancy my chances at 68-70p, as in it would be a very likely I'd see a great return if it fell to that price and triggered those orders too.
The entire market is moving full steam ahead, everything I have is doing incredibly well.
A group of Cineworld lenders are exploring a legal challenge to block the company’s £1.6bn debt-fuelled takeover of a Canadian peer.
US and Canadian investors are understood to have hired advisers Houlihan Lokey after buying Cineworld debts at a steep discount on the secondary market.
Cineworld announced plans to buy Cineplex, the dominant cinema chain in Canada, last December. The acquisition would be fully funded by debt. Shareholders backed the deal in February but the fallout from the coronavirus pandemic has thrown it into doubt.
Insiders said the former FTSE 100 company, run by Israeli tycoon Mooky Greidinger, still wants to do the deal but is looking at options to trim the price. The North American distressed debt investors want to block it.
Options, however, are limited. Shareholders have attacked Mr Greidinger and his board for removing standard takeover clauses that would allow the company to negotiate or withdraw in an event such as Covid-19.
Hopes rest on either Cineplex’s own debts spiking sharply or Canadian regulators blocking the deal – scenarios that would void the transaction or force parties back to the negotiating table.
Cineworld’s shares fell almost 90pc between late February and mid-March after it warned that in a worst case scenario it could default on more than $3.5bn (£2.8bn) of loans. The firm has been criticised for taking on too much debt, after buying US chain Regal for £2.7bn in December 2017.
The company’s stock doubled last week after it said it was continuing to “monitor” the Cineplex deal – an apparent softening of language after having previously pledged to plough ahead.
Business Briefing Newsletter REFERRAL (Article)
Last week the company revealed it had opened talks with landlords and film studios to defer debts, and with its banks to discuss additional funding.
All 787 of its theatres are closed and many of its 37,500 staff laid off. The dividend has been cancelled and directors’ salaries and bonuses deferred.
https://www.telegraph.co.uk/business/2020/04/11/lenders-hope-block-cineworld-takeover-cineplex/#:~:text=A%20group%20of%20Cineworld%20lenders,takeover%20of%20a%20Canadian%20peer.