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It’ll be interesting to see how NHC 2.84% plays out, any dips Jangho mop up and any rises they are further in the red. With hindsight shorting after funding was secured looks a bit daft given we now have a new vaccine on line every week and a path to recovery.

#silversqueeze

Agreed Moola, if 7.2m folk on Reddit put in $300 each that’s >$2B of buys lmao and they may burn $300 but costs nothing to own as Biden’s payments are fuelling this and IIs are paying high rates to borrow shares.

Article here... https://www.bbc.co.uk/news/business-55871381

Outrageous really as it is basically market manipulation under the guise of protecting mere mortals! The big Institutions are happy for us to provide then with liquidity, but not happy when it goes against them. Hold $GME to the moon :-)

Hi Reddit, is that your page? If so ping @jdlu89 on twitter, Joanna is an analyst at NHC based in NYC and active on twitter. An analyst might get Brownie points for escalating risks to the Portfolio managers...

Bit of digging around on LinkedIn and Adam Feild, Founding Principal at New Holland Capital has a twitter account although dormant since 2018. Will keep digging but would be good to let NHC know via the ReddittradingUK that we are keen to see #AMC mkII with CINE :-) Will keep digging to find a senior meme bear of their team who’s on Twitter...

https://www.bbc.co.uk/news/business-55842994

It looks like that adding 4% a month, they can only do that for so long. The bond drop sand Jangho coming in to mop up, hence the modest drop makes sense although games being played on the volume as to when it’s announced as per this thread. Given the shorts closed a fair bit today, I do wonder if Jangho top-sliced a little to subdue a bigger rise/short-squeeze? If they are into accumulate more, keeping it low is key for as long as possible even if they lose a few percent along the way, the next step up could be the one?

@Funinvestor, yes but May looks very doable given the vaccine rollout with 50% of the USA/UK vaccinated by then and the laggy death rates down into August levels I.e. in the noise. Herd immunity + high % vaccinated make Q2 opening on the cards in my book, Bond was just too tight with the new variant in play. Chatting to you feels more like chatting to IDW by the day...

Link to Fitch for those who’ve ‘conveniently’ forgotten we are due $200M in Q1 which funds basically being shut in Q1;

https://www.fitchratings.com/research/corporate-finance/fitch-upgrades-cineworld-to-ccc-01-12-2020

“ Proceeds from CARES Act: Cineworld brought forward its tax filing in the US. This will enable the company to accelerate the receipt of USD200 million tax refunds from the Coronavirus Aid, Relief, and Economic Security Act in the US. Cineworld expects to receive these proceeds in 1Q21. The probability of receiving these proceeds is high in our opinion given the tax payments of the company's US operations in the past.”

Jm4tw, even IDW knew CINE have cash until the end of 2021 closed, don’t talk sh*te about them running out of cash in May.

You are right Funinvestor, but they made the mistake of going in big over a short period and positive news ever since. Now £12M down to bold to average ‘up’ given the AMC Reddit noise + vaccine rollout. Israel shows 1 jab is very efficient based on hard data to Whitty is right and I hope the US execute in the same way.

Topped up

AUCTION :-)

So these guys have a short, mainly from the 27th Nov at around 55p with 2.84% total. Out of 1.37B shares, they need around 38.9M to close out the short. Given we closed at 80.4p yesterday they are 25p underwater per share or £10M quid :-) For every 1p it goes up they’ll be another £400k underwater, excluding the cost of borrowing 38.9M shares. If/when we spike to £1 this morning (easy with a 25% surge) they’ll be £18.4M underwater lmao. Some historic shorts will still be OK but these guys look like the need to close ASAP given opening/vaccine/funding etc likely shows Yazz is in charge of the share price from here on in!

Yeah, I can see it bouncing off £1 for a while before it goes higher.

Serious question, why top up in the 80s when it was in the 70s yesterday?

We are now :-)

Oh to be a fly on the wall at New Holland Capital when they wake up in the US this morning 2.6% short at 55p hahahahahahahaha

;-)