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Yep, Shorts sense a massive squeeze so reaction is propaganda style to attempt to drive lower to exit!

So let me get this right, WW 1984 release confirmed and within hours a noddy article behind a paywall from the FT about CVA...really? Of course CVA will be one of options being considered along with waivers, DfE etc, that's why they hired consultants! Mooky will have to have all bases covered if waivers are not approved to continue the business so not new news at all. I still believe DfE is not an option and waivers most likely but may come with conditions to streamline, based on CVA baselining.

Rock8, if that's the case he also shafts himself given his significant holding through his family. The debt repayments sit at £160M per year on multi £B turnover on a normal year with significant profit & dividend, so the model works. What they need is support/headroom to get through to Q2 and pick up the $200M from the US. Think about it, that covers 12 months debt repayments in 1 chunk. Due to the lack of assets, Mooky has a strong hand with the lenders so both get a workable solution to get back to solid figures. Some folk on there liken Cine to Woolworths or Carpetright... Cine has a proven lucrative business model which with the right support will be back to normal by Q4 2021.

Hey Moola, fair play for posting as relevant, but for me it's a case of journalist v CEO which means I am long and strong here, as you are!

Moola, I guess the balance here is a journalist saying they need additional liquidity and CEO stating they are not running out of cash. Headroom on the current facility is required against the waiver but not sure more actual funds are even required.

$200M due in Q2 thanks to US Covid fund and enough funds until Sept 2021, nice try thriller/shamus, the passive/negative 1st post is always a giveaway.

Right, 2 new additions to the green coffin club... iTraderx3m and LSE0086, bye.

I honestly think you are looking at the wrong chart mate, day low is 48.20p and we are at 48.28p.

I do love a nice ramp but not sure what chart you are looking at, we are sat just above the days lows @ -2%...

From memory 1H interest on the actual debt (not the future rental liability) was £83M so under normal circumstances £4B turnover supports this.

... to add another short at 50p given the phenomenal success of both his 23p and 40p shorts?

Hate fantasy traders, here's my last top up for transparency;

Trade date Description Unit cost(pence) Quantity Value(£)
20/10/2020 Cineworld Group plc Ordinary 1p. @ 25.7797 30000 -7,784.53

Afternoon :-)

Looks about to pop at the moment.

Lmao FunInvestor, I have him filtered! So we knew about Biden Monday am but the SP was flat, then the vaccine broke and it went from 28p to 68p over 2 days. OMG ShorterGuy are you for real????? Must try harder.

Evening Drifty, given that CINE is disproportionally driven by LSE emotions despite 75% of the revenue being from the US, I'd expect a bounce again off 68p given we have a higher springboard to hit this. I can see us creeping toward 50p next week then the Oxford vaccine results announced with a mere 30-40% taking us to 68p. I'd expect it to sell back to 60p in prep for the covenant waivers where I believe we'll see close to £1 again, then settle back for a long recovery to pre-covid levels by end on 2021...

Yeah, Oxford vaccine will spike us to 68p again, drop to 55p, boix will short then it'll settle back at 60p lol

Institutional short were at 16% when we were above £2, on balance it's dropped from £2.00 to 15p, so shorting at 24p makes no sense, short at 68p recently fair play but not 24p so close to the bottom.

box, you didn't make a bad decision investing in Cineworld, the bad decisions were two-fold, firstly crystallising your losses and then secondly betting against CINE at 24p to justify your losses and watching it hit 68p. The reasons you invested in the first place are still valid and whilst I wouldn't recommend Newbies to go all in, we all know this will bounce hard on vaccines & waiver approval, so I'd rather be long for both of these.

Since then things have improved you muppet. Closing completely so not haemorrhaging cash with no releases, Furlough, Vaccines and the end in sight. Bitterness is not an investment strategy, you bought high sold low, shorter low and it now higher, get over yourself.