The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Morning all. Like you Linkop, I sold IAG to top up on Cine so hoping for a good week.
Keep your eyes out for the trolls though... they will be back later in the week, trying to sew doubt ahead of the meeting with the creditors on Monday.
They monitor this board so a friendly message to them - don’t waste your time. You’ll only get banned and your boss will shout at you and call you incompetent :-)
Actually I burn .....
Point is Sammy - we’re stuck in Grimsby and we should be in Barbados by now!
Well, that was a joke. We opened at 107 on Tuesday morning. By 8:30 they had dropped us to £1 and kept us there for the rest of the week so that some institution could mop up tens of thousands of £1 shares .... and this is totally legal?
From 70 to 117 (+67%)
Toss up between Grimsby and Blackpool today - looks like we’re being held at 100p again.
Shall we go to West Wittering instead Bonkers??
This BB is turning into a nice place. Let’s keep it that way.
Honest debate. Respect for all, even the derampers. Just fact check them, ask them to explain their claims and then pull them apart.
Educate not attack works best IMO.
Hi NO FEAR. So Bank of America buy 6% of Cineworld and then increase the share price forecast by 50%?
Have I understood that correctly?
You couldn’t make it up.
I’ll see you back here in a couple of weeks Stanley and we will see where we are then. All opinions are welcome on this board.
Good to see you on here TP69, I’ve read your posts on IAG. Good luck!
We’re all expecting an uplift Noddi - it’s long overdue. Just waiting on the MMs to fill large institutional orders and we will fly again.
Just HOLD.
Based on what Stanley?
Big investors pumping millions in clearly don’t agree with your analysis but I’m sure we’d all be happy to hear your reasoning.
Sorry, Wednesdays close.
Look at that. They got their completely manufactured 10% drop from Tuesdays open to Thursdays close.
Lots of auto sold shares for them to trade in the morning. I’d be amazed if the price doesn’t rise strongly tomorrow.
What they have done Bonkers is make it almost impossible for anyone else to take over Cineworld without getting on a plane and talking to them.
My guess would be that other banks have noted Bank of America’s move last week and are building positions at or close to the price they think BoA paid.
By all means have a stop loss in your head but don’t tell your broker. They can see the total amount of sells at each price point. You are giving your strategy away.
It’s pure gold for them.
MMS going for stop-losses. Hold tight people.
Each 1% of CW is worth about £13.7 million at today’s prices. So assuming they sold at the top and bought back near the bottom, they’ve made 2 or 3 million.
The big question is - are they playing the same game we all are or do they have a different plan???
What you say is true Prayfor, costs will go up on reopening as staff come off furlough, rents become payable again, etc. And yes the SP did drop last summer.
I think all Bonkers was saying is that 2021 will be very different. Studios are supporting the reopening in a way they didn’t last year with a strong flow of movies.
What’s frustrating everyone today is that all these fundamentals are having exactly zero impact on the sp. We’re being held at £1 for some bank or other to build up a nice stake and there’s nothing we can do about it!