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It will have something to do with the big buys near end of play yesterday. It spiked us up but then the "bad news" hit and we sank accordingly.
There was a 1m share buy as well as a 2m share buy the day before (according to lse buys / sells).
That 1m share buy will have dropped in value by a fortune within an hour of todays trading. Ouch. These big buys do give confidence to us smaller investors.
I think he is referring to the 7% increase we had at open.
Then it suddenly dropped after the spike.
Good point m00la. The landlords will be hoping they havnt made the chopping block. Another master stroke my mooky? Time will tell.
Yeah they seem completely random, I believe they are trading this share and have no plans to hold long term.
I think we worked out that their average is between 35-40p. They first sold at 65p, and then purchased an even bigger holding when the sp dropped.
Their last sell was in the 45-50 range i believe.
Why? Cineworld aren't going to release an RNS just because some foolish news came out.
Imo its likely to be true, but in my eyes, its positive, not negative.
About the same amount of buys.
You're smart.
"A CVA is the best rescue tool for a company that is viable going forward but is burdened by historic debt. The directors, who remain in control, are able to trade out of their current financial problems provided that they have addressed the problems that caused the debts in the first place."
Will enable cineworld to stay in control of the directors, whilst giving confidence to their debtors that they will still be getting paid. Usually CVA's are agreed to over a 3-5 year period. Once one is agreed, the debters cannot ask a company to close any more sites.
Its all about the deal now. How many cinemas are expected to close? We will find out soon i guess.
Apart from the debt restructure? That will be make or break.
Sounds to me as tho dilution and rights issues are off the table for now.
The last rumour turned out to be true.
Tbh, it makes financial sense to shut down cinemas that were making losses year on year anyway. Some of the cineworld sites cost 2m in rent per year! Usually the ones in big shopping malls. The same shopping malls that are going to be empty for a long time anyway.
Lowered my average and ended up with more shares , finally a trade that worked out nicely lol
Agree, give up spamming LSE. You're making it difficult to read the serious posts.
Massive effect profits? How?
Remember US is where 73% of cinemas are located. Also as I've said before, some sites in the UK operate at a loss (precovid).
Managed to sell at 45p and buy back at 41p lol, nice little share boost. Lets hope it was the correct decision. Gotta love the overreaction here.
My cineworld friend says that some sites actually make losses so they will be the ones to go.
When I read it i thought it sounded good. No dilution, no rights issues and cineworld will only close the cinemas that made them low income anyway (one would assume).
Plus it only says UK cinemas.
And you will lose all of your imaginary investment. Wounded.
Chinese vaccine proved safe. Surprise surprise.
No wonder their economy is booming.
Shorterguy will average down. He cannot accept that his recent profit slice is permanent.
Yeah they are deffo getting out easily. Rather annoying, but I suppose it bodes well for the long term.