Member Info for PC01

On a serious note, from a technical point of view, I really would love a close this week above £3.20. Just means if we get a favourable announcement re FO then we will have no 'resistance per se' except for that ridiculous spike to £4 when the mkt got excited by JOG's 25% share in Verbier...slightly bigger fish to fry now.

Someone excited enough to pay £3 for them out the blocks. Seems strange given how the sage of the board (Mr Briggs come out come out wherever you are) was telling us we were going to get lots of shiny new equity...maybe, just maybe. he might have got it wrong.

It’s the most difficult one in town. Limitless upside. Still luckily for him there’s obviously a cash raise coming …oh wait…
Larger cohonas than I’ve got to short JOG here.

I think the close at £2.75 indicates support for rather than selling of the company and its prospects. Its been remarkably well behaved given the problems with all other asset classes. Even the 50% decline in oil prices doesnt seem to have caused much of a dent, which does make me wonder how people value the company. Ho hum. Still, as per Chessman's comment's below, its all looking rather nice....which makes this a rare chink of light in an otherwise overwhelmingly depressing portfolio!

20% enough for you James? Its all noise. It was cheap at 33...it was cheap at £2. Its cheap here. Provided its gets a sensible deal done. If it doesn't, then we're going to lose alot. Its pretty simple. But as Ive long suggested you dont often get opportunities of 5-10 : 1 good bets that often as this isnt binary. there is so much positive news around the company and sector that this feels like one of those opportunities often wished for where you can pick up todays horse racing results yday!

We live in a democracy so JB you are entitled to spout your arrant nonsense without any fear of reprisal or being sent to the front line. If you had half a brain you would have read the report yday and maybe paused - just for one second - to consider the mountain of work that has been needed to prepare this little chicken for oven ready status. In a world of sharply declining equity prices lets have a look shall we at a few performers of 2022
Cathy Woods Ark Fund - -68%
Nasdaq -45%
Shell +30%
Enquest - everyones darling +3%
FTSE -4%
JOG +65%
And still people are unhappy. Yes its taken time and for those that think a deal can be done ina week well life I'm afraid simply isnt like that. If the board thought an asset swap wasnt in the best interests of shareholders Abatt then you have to think they know what they are doping - they have plenty of skin in the game to ensure they get the very best for their shareholders and themselves. So for lords sake - a little empathy for them if you take a moment to understand what they have had to deal with this year, including tax changes, wars, change of policies and governments etc etc. And if you don't like it, sell out and move elsewhere and by all means come back and gloat if this doesn't work - but strikes me that we are nicely on track and remain extremely cheap despite the fact the shares have outperformed almost anything you care to compare them with this year.

All pretty upbeat I reckon. And even the mention of time. JamesS I hope you continue to wear your patience hat!

Well its been a long time in the coming. I think I first bought this chap in 2017! But for once the outlook looks 1/2 promising. I was always of the view IBM would pay £20 for the stock. Who knows...but good to be back close t b/e!

…backdrop for the board to be out selling JOG and it’s assets. I do like days like today when the SP rises 10% on no news. Just means I’m not alone in my optimistic world!

No its not the big question! It doesnt matter. The SP is down another 20% today. For those that got sucked into to buying at 3p when a few of us were saying don't...they've lost 30% since then. Until people understand that preservation of your cpaital is all that matters when you invest in anything, then good money will follow bad.
put it this way. For those that put 1k into Cine stock at 3p. Its worth £650. That £350 you could have put towards the heating bill thats coming your way.
Again - please please please do not listen to those that say this can go to 4p, 5p - shud be valued at £5bn like AMC and all other arrant nonsense. This company is the immortal words of Monty Python an Ex-parrot. If the debt holders decide to support the company, exisiting shareholders will be diluted to irrelevance. Sorry. Its just what it is.
For those that say shorts must be squeezed, need to cover. No they don't. there's going to be 5bn more shares for them to borrow at some stage if the debt for equity swap happens.

Best hope for it to recover to £1bn. Plse let me know where you get your drugs from! The market cap is currently £40million. And you are talking about a 25x recovery from here. Please please please read the warnings of the financially literate posters on here. Unless you are prepared to get involved with the debt of Cineworld which may in a year or 2 entitle you to new equity in the company then take the 3p out r so that you can and move in. This is - very sadly - another dead parrot of which in the coming weeks and months there will be a plethora more. Unlimited energy rate rises for businesses? Cine is only the start.

If you could please explain why Cineworld should have the same market capitalisation as AMC (another basket case) I’m all ears. Look at the debt. Look at the cost of the debt. And stop telling poor investors on here that this should magically be worth 10x more than it is.

I did say let’s assume - need to check assets but from what I can see most if not all premises were leasehold. Not sure how said lenders will get much better terms (again need to check who they are but likely debt holders already US vulture funds not U.K. banks)…Dont disagree with Wibbles thoughts - comes to roughly same conclusion that very sadly existing equity holders likely wiped out.

Net debt £4bn.
Let’s assume debt investors accept 10p in the £ for a debt for equity swap. (There’s no way they can borrow more money in current climate).
£400m new equity.
Current market cap £40m.
90% dilution to come.
Neither long nor short but think a 3p bid more than what you will ever see again.

Firstly I 100% agree with everyone who’d like an update! Each day we eagerly scan our smart fones for a RNS to let us know how clever we have been in investing in this sure fire winner. And when each day comes and goes without news we start to doubt - whether it be the work ethic of the board (for whom being paid a salary is apparently a sin!), then the investment argument (there’s no oil there, why did Equinor walk away?) and then ourselves. Which causes us to sell some shares (well u own then at £1.50 and selling them at £2.50 in this market isn’t bad is it, you reason to yourself as you hit the sell button.
Then the next day it ticks up, some volume goes through and that fear emerges …why did I sell my shares, I know they are worth 10x more. Bugger. Ok I’ll buy them back, I know JOG is a sure fire winner. Just need to be patient.
Rinse / repeat as nauseam. I’ve invested in shares for many years now. I’ve ‘done’ every emotion trust me. There is never a bad profit and capital hard earned must be preserved. We’ll know soon enough if this horse was Red Rum or Devon Loch. Til then the market will drift pulled each way by 100s of us suffering all the same emotions! Some good days up and some concerning drifts lower. Faits vos jeux as the French might say!

James I wish you all the very best my man. Try stay with it this time!!

Oh I think so...end game here we come. Hard to believe the company doesnt have plenty of offers in its hands...just working on which gives the company the most amount of buck for least amount of dilution....have to believe a major is having a good ole look.
Sad to see JamesSimon leave...every village needs its idiots and i think its quite impressive to have lost money in this share...then ramping it as aggressively as he was when bought in at £3 always has its risks. Still, had he had some patience he'd have been able to sold his shares for double what he paid for them when the first news breaks....James, can you let me know what you bought so I can make sure I don't own it plse?

It was a buy order. Trust me. Given we are closer to a farm out deal than ever (purely because last week was a week further away than today...gotta love simple maths) I do find it interesting that stock was quite so easily found...unless as Dick suggested its been worked for a week and thus the rise from £2.50. One things for sure, I'd much rather the SP was at £3 when news arrives than £2....if news arrives....:-)

5million shares traded! That’s a lot of loose stock hoovered up. Intriguing.

I think James we need to consider 2 things : the current mkt cap is less than £20m. The curerntly 'unpaid' victory settlement was for $5.3mm if my memory serves me right. there is no doubt that in the US legal system you do tend to get symbolic settlements against those that can pay. So I would be very surprised if the fine was not at least double the last one plus costs etc. With FX at 1.20, thats what a short £9mm or 50% of the mkt cap. That would merit a rise in the SP of at least that, but I think maybe more given it will free up more £££ for further investment and remove once and for all doubts as to further cash raising needs, which always seem to niggle at the sides!