Member Info for RS2002

Guitarman my ave is 35p. It was previously 47p so the buy at 17.2p allowed me to drive it down. I regret not buying more as I could have taken my average to 30p but finding the bottom is a difficult thing to do. I'm content with my holding.

Good luck to all investors.

I bought a significant amount at 17.2p, to add to my holding this morning, Johnht.

I'm not the one ramping anything, merely advertising that I'm an investor in this company.

You, Johnht and your cronies were de-ramping this citing 5p,10p but this has quickly recovered ground and is now on the cusp of breaching into the 30s.

Don't be salty, Johnht.

Johnht, tell me more about the 2021 box office admissions that you stated were projected where to see 80-85% recovery of 2019 levels.

Many shareholders would be elated at that level of recovery.

It's no secret that China has reporting a complete box office recovery, do you still believe we will se this next year?

I do.

Shame on you, Trendz.

Trendz
Posted in: CINE
Posts: 920
Price: 39.47
No Opinion
RE: 10p 05 Oct 2020 07:25
"Full disclosure - I am shorting this on the bell today. Price target 10 pence."

You came on de-ramping this telling everyone you were shorting and now you openly admit that you have closed your short and you have made a loss.

I feel for those who listen to de-rampers, make up your own mind if you want to invest but don't put off others from investing.

Johnht can you stop grovelling have some self-respect, please?

As an investor, I remain optomistic. I have invested, well aware of the risks and the fact that this share won't miracoulsy recover in a day. It's a long term play for me and I'm invested enough and importantly, patient enough to see a recovery. When? I'll be happy with Q1 2021 to see the first positive steps for this.

Right now, Cineworld are doing the best they can to drive down costs.

- Suspended all unnecessary capital expenditureKey Liquidity Actions
- Secured rent relief and deferral with most of their landlords
- Discussed with all key suppliers to reduced costs and implement payment plans
- Furloughed the majority of our part time, hourly cinema employees and head office employees
- Deferred salaries for most of the HQ and full time employees and deferred full salaries of Group Execs and Directors
- Accessed government support programs: US CARES Act, UK furlough scheme, Business rates relief
- Suspended quarterly dividend payments
- Secured $361m additional liquidity

and now... have set about to hibernate their UK and US cinemas.

They are not taking from the till and the fact that salries are deferred tells you this is a company that is set about on aggressive cost savings to see out 2021 where recovery will come.

The day traders are already reporting and rubbing in the faces of those they convinced to dump at a loss so they could buyin cheap and make profit. These same day traders then cite long term investors as rampers because they don't oblige to their day trading strategies.

Some have no morals whatsoever.

I was really hoping we could go out for a curry @ Saihajj's restaurant with that windfall.... :-(

I hope guitarman used his £200k to buy in at 17.2p
He would be sitting on a £148k profit right now!

This was oversold and will find its feet back in the 30s because... this is where it was in March when it was closed and finance was a big concern. Right now, Cineworld have enough liqudidity to September 2021 performing as-is. Guess what? They can no survive longer than that because they are hibernating. I imagine they have funds to see them to the end of 2021, and we all know what awaits us in 2021, right?

- A huge catalogue of movies
- Multiple vaccines

In short, this is a recovery play and the market is READING AHEAD.

The question is, are you?

We saw the same in March this year. 18p and then a recovery to 28p and then in a few weeks when more news and rationale was presented, it stayed in the 30s.

This is a play to reduce costs and await Q1 2021 which is less than 3 months away when they will reopen and reap the rewards of a jam packed 2021 movie catalogue. I understand there is a blockbuster every 1-2 week such is the amount there.

A bargain for an UNLIMITED holder and if box office recovers akin to China, then it could be a very lucrative year for shareholders.

Eddie, you yourself wanted to take your boys to the cinema in Bracknell. You said it yourself in your earlier post. The boys were fed up being at home. You don't need NZT to figure that out, Eddie. This is a recovery play. Debt may be there - $4bn but with a huge 2021 line-up and Universal set for their biggest pay day with 4 x huge $1bn+ blockbusters, this is worth the risk for me.

A balanced portfolio and this is THE recovery play for my risk appetite.

Good luck with your investments, Eddie.

Source:

There are desparados out there comparing a business model that works, profit margins may be less than 10% but 2019 returning £0.2bn profit and a dividend. We can say goodbye to a dividend but this is a recovery play.

I'm waiting for Trump to be formally discharged from hospital and the fanfare that will follow. Read: markets rally as he praises the wonder drugs that put him back to good health.

1. Debenhams
2. Cineworld
3. Hertz
4. Thomas Cook
5. Rolls Royce

I'll give you a clue, it beings with C

No one had a crystal ball, Investroid.

Mooky and many were confident that Bond would maintain its November release.

A new Pod cast series, a new music video, promotional trailers were ramped up.

What took a turn was this inept UK government and their over-reaction to "doubling each week" which caused sentiment to drop.

I was able to buy a significant amount at 17.2p and I'm happy to wait things out.

I've never once quoted this as a "£1 next week" share, rather a recovery play. I see that recovery in Q1 2021 and I'm an investor, not a day trader.

I was able to buy at 17.2p very happy with the guys. 25% up on that already!

Well, no time line is afforded for reopening. Now the news is announced, akin to March 2020, the news and drop will be engineered in day 1 of trading. This is the time to buy, as clam returns the following day and more developments from studios concerning their releases may come forward.

The fact Cineworld have voluntarily done this temporary closure to preserve cash, tells you, they don’t want to see dilution.

I also see many taking a position, the BoD have now put the ball in studios court. Advertise your release dates and stick by them.

I’ll be seeing where the SP is at but I’ll be buying cheap shares. We are in Q4 and 2020 is drawing to a close. Q1 2021 is where many see the recovery of Cineworld.

Well, there is no business logic to keep the lights switched on and burn cash without content.

Mooky has got the attention of governments, trading bodies and the studios.

20% occupancy has been posted several times before.

Cinemark CEO even commented on this before.

"Even at peak periods of time in a normal environment, our occupancy levels range from 20% to 30% and we can operate profitably during those scenarios," he said.

He added that Cinemark has seen attendance as low as 10% and still was able to turn a profit.

Source: https://www.cnbc.com/2020/04/15/cinemark-offers-a-look-at-movie-going-post-coronavirus.html

Cost mitigations are all disclosed in the H1 2020 presentation here:

https://www.cineworldplc.com/sites/cineworld-plc/files/reports-presentation/2020/interim-results-presentation-2020.PDF

These include rent deferrals and exploring other ways of reducing costs until content is available.

Considering we are in Q4, waiting a few more months and re-hibernating is a logical option being considered.