The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
I don’t think anybody is asking for pitty.
Just there is no need to put the boot on afterwards, it’s just not cricket!
See, right on cue!
Although we are down at the moment on this one, just take comfort in the fact that most of them are very small time indeed.
I won’t mention any individuals but they spend all day on here talking nonsense.
Seriously who has time unless you are retired and then still don’t have a life. Total Walter Mitty characters that try to project a certain life, which even though they have exaggerated still sounds pretty sh:t! Small time indeed.
Don’t let them get you down, even if Cine goes bump and you lose a bit of money it will soon be made back somewhere else.
How did anyone buy at 16?
I tried but couldn’t
Agreed, a total scam by the MM’s.
Will be interested to hear which retail investors sold in the absolute panic for 60% less then they could have got now.
I hope people kept cool heads
Not the best of communications from Mookey again.
Worzol, I really hope it doesn’t get that low but it does seem you need a recovery share more than anyone... 40 year pension pot invested in HUR which has lost 75% since you did that.
I really hope you were just talking BS. That makes me feel sick for you.
I don’t like seeing anyone lose money
Worzel
Posted in: HUR
Posts: 771
Price: 15.01
No Opinion
HUR Bought In26 Feb 2020 19:55
After reading a few of LONGWAITs posts, I've decided to buy in, only half my pension pot for now, I'll put the other half in if it goes down :)
Worzel
Posted in: HUR
Posts: 771
Price: 10.00
No Opinion
RE: Manipulation11 Mar 2020 17:44
I hope your right Longwait, I have put my whole pension pot in this after reading your posts, 40 years worth!
Not sure who it was, but somebody mentioned this earlier
At what price would they think they have made enough money and close causing a lot of buying?
I thought that was a very good point by someone. Apologies for not noting who it was but there is a new post every 20 seconds. ;-)
@Kingsteve, - Do you really believe this will open up 75% down...?
Need to keep a cool head.
Many retail investors panicked on results day first thing and sold at 39 or 40, it was back up to 44 by lunchtime.
I am not saying everybody should hold indefinitely whatever ever happens but no point letting institutions benefit from your losses in the panic.
If you are resigned to selling, IMO you would be better waiting until lunchtime a getting a better price when the ii have come in and stabilised.
I will be holding, but keeping a watchful eye over the next few weeks and waiting for the debt waiver.
Sorry to hear that,
Clearly you have no issue with people gloating and taking pleasure over the fact that tens of thousands of people could lose their jobs across two huge companies, all with families and probably due to the nature of the jobs the least likely to bounce back quickly.
We are all in this to make money, it’s just that sort of attitude leaves a very bitter taste in my mouth.
D-Stat - Wow, what a See U Next Tuesday!
Also trying to claim some credit for Cineworlds current position.
“No sign of any sort of vaccine.....at all.....and a debt default now has to be apparent. Its a House of Cards. Just delaying the inevitable. Anyway, let's hang around tomorrow and let the holders absorb this. It ain't gonna be pretty. If we manage to collapse this, fancy sticking the boot in over at RR next? That's already a work in progress.”
Denman, you have to make your own choice but IMO Cine is very unlikely to go into administration.
There are lots of options before that happens.
No business can run at 10% of normal footfall for ever but Cine did make it clear that they could survive a complete 2nd lockdown.
Ther are also two big things to look forward to in the short term, debt Covenant waiver and a vaccine.
Also the films really start from Christmas.
Whatever your decision don’t let it be based on the opinion of somebody who is completely one sided and really wants the SP to fall.
Seriously, we are clutching at straws if we think a non exec buying a measly 25k shares is some amazingly reassuring sign. Not even sure why that is being discussed.
However Cine is not going to fold because of the delay of one big film, it’s a simple as that.
It will affect the short term SP and it will mean less revenue and further increased debt. That debt issue will have to be resolved at some point. However most probably when the company and the SP are in a much better position.
Debt covenant waiver will mean much more to the markets than the delay of Bond.
For me it’s not doom and gloom, it’s just everybody has to be realistic with their expectations for Cine for this year.
I always saw this as a spring 2021 return, what has potentially changed now is that you just have to wait longer for that ROI
Thanks no Fear, my post wasn’t really for me it was for others. But it’s still good to have a vent.
I have been doing this for quite some time and most of my Cine money is profit from US stocks this year.
I invested in Cine for a minimum of £1.50, I certainly wouldn’t go though this for a few points profit.
My point was, that many people will be frustrated that there isn’t any product for them to sell this year so nothing positive for the SP.
This runs deeper than Monday’s share price, it also means there is going to be very little good news in the H2 results.
We need that debt covenant waiver and then look forward to recovery spring next year.
I wont be selling, I will be holding firm but I am always honest with my posts and many people, including me, will find it gets tougher for quite a while yet before it gets better.
The crazy thing is if his helicopter crashed and he died he would still go down a statistic of Covid death because he had tested positive before he died!
Because then you start getting into day trading. What is the price you decide to buy back in at... What if it doesn’t get there and spikes back up.
Everybody panicked and sold on results day at 40p, a few hours later is was 44..
That still was probably a good thing to do now we know this news but if you come out and try and time it, it has to be for a decent gain not just a few k.
Then if you are elating days or weeks, What if you are not in when the debt waiver RNS comes through or vaccine news. Or even takeover news.
If that happens then those losses really are crystallised.
I can afford to sit on losses for years, I can afford to lose it all, albeit the latter would really plss me off!
I just don’t think that the vaccine news will help that much when you haven’t got a product to sell until the end of December.
Debt covenant waiver is what we need ASAP!
Bond being delayed is terrible news, nobody can deny that. This business will be ruining on vapour and will definitely need some more extra cash now. You can’t drive a car without fuel and films are a cinemas fuel.
Rights issue won’t be an option with a more than likely 30p share price next week. But debate will definitely increase.
No point in sugar coating it, this is going to get very painful.
I have about 175,000 shares at an average of 54.5 and I am currently 27k in the red. By Monday lunchtime I expect that to be more like 40k in the red! Ouch!
However I don’t believe this will send it to the wall. Everyone just has to dig a little deeper and tough it out.
Vaccine and debt covenant waiver are the two things that could take us back to 50p this year. I am not expecting more than that though this year.
There could be an option to try and get out early on Monday and buy back in lower. But what price do you choose to reenter and what it bounces back quickly on the same day like if often does.
Stay strong, support each other, we are going to need it for a month or so.