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I think you may misunderstands the markets. The stock falls and just keeps falling, but the shorts are the ones in trouble..... Most shorts are so in the money now that Cine could double, if not treble and it would hardly make a dent in their profits. Same goes for recouping longs losses.
Some peoples holding will now be less than dealing costs….
That’s the only reason I can see for holding on now.
Because good companies with loads of money don't tell the market they are likely to have to dilute their shareholders "significantly".
Highly unlikely (and very inadvisable) to raise more debt, so will have to be a debt for equity swap. But who is going to want this equity, esp until the court case is resolved......
Loving the clown comment btw. Not sure how I'm the clown as I called this short months ago.
Dead cat bounce, expected after such a large drop.
Cannot believe anyone would still try pumping this stock, the company has spelled out that shareholders are going to get diluted to oblivion. Only delusional or inexperienced investors would interpret it any other way.
What does the market know that PI do not......
Good news travels fast and all that.
Like you say, silence if deafening....
Same people who said the case will be won by Cine and that shareholders have nothing to worry about, now saying it’s not over yet.
Give me a break.
When you owe the bank a quid, you’re in trouble.
When you owe the bank millions and have to keep begging for waivers, the banks in trouble…
(Well bond holders).
The bond holders do not want to take ownership of Cines assists. They don’t know how to run a cinema chain or want to try. And flogging them on is timely and expensive. They will keep giving out waivers until the companies totally bust, then their hands will be forced.
Not based on law…..
There’s me thinking there was a trial and everything. Must have got that wrong.
Or maybe You haven’t got a clue
Greidinger and his fellow board members quietly enjoyed a sharp increase in pay last year. Total compensation shared among Cineworld’s four executive and handful of non-executive directors was $4.8m – a 50pc increase. Cineworld shares, by contrast, roughly halved in 2021.
Seems reasonable...... :-/
Small in name and mind. How sad to have a go at someone working in A and E because what they think is different to you.
Just taken out yesterday’s low….
Needs to reverse quickly or going lower.
Kettle and pot springs to mind…
https://www.cityam.com/cineworld-faces-legal-challenge-over-alleged-unpaid-rent/
https://www.proactiveinvestors.co.uk/companies/amp/news/947494
Good morning all,
I think Jubliee is growing rapidly through both organic growth and now also through acquisitions. It's my opinion that this is a very good thing. JLP is now diversifying both in terms of metals but also geographically which is especailly important given some of the regions it operates in.
In terms of the fund raise, is it not clear in the RNS that the addition funding, above the transactional costs of £17mil is for;
"expansion of Sable Refinery while accelerating the capitalisation and progress of Project Lechwe and Project Elephant".
I.e the money is needed for both the acquisition/transaction but also for further development and expansion. To me that sounds like a good plan. Some capital investment now in order to significantly increase processing capabilities and therefore profits in the future.
Please let me know if I've miss interpreted anything.
BW
Very pleased with today's set of results!
All key metrics have significantly improved. Some truly significant increases in there....
Really pleasing to see increase gross profit filter down to increased free cash flow.
Notes free cash of £305 million. (Divi £73mill - so plenty of cash left over.
Also, if you're a believer in precious metal prices, you can see what positive changes in their prices does for Fres!
Best of Luck
Needs to Gap fill back to the 56's
What a well informed post. Where is this 36% short ratio please?
That is a pretty damming review…..
Sorry that’s just not the case:
“we are pretty much debt free”
Cineworld’s net debt at the end of 2020 was $8.32 billion (more than four times its current market value).
Any idea how much it is going to cost to hire a barrister and her team?