Member Info for RS2002

See 5. I posted above. Shorts are nothing new, in Jan 2020 this year shorts were 14% and share price was 164p.

48p/164p? We are at 29% pre covid price.

We should, like our peer, AMC be at 75% pre covid price of 123p.

Close that short before you get BURNT!

Common flu and pneumonia is already killing SIX times more people than Covid. You’ve missed the boat to deramp now, Akron. Close that short quickly before you get BURNT.

Source: https://www.thesun.co.uk/news/12431571/flu-pneumonia-coronavirus-deaths-lowest-lockdown/amp/

It must have been some bender as he still thinks it’s March 2020.

Five months has elapsed since then and the fundamentals supporting Cineworld and their peers, who, coincidentally, are trading at 75% their pre-Covid price(AMC et al), whereas Cineworld is OVERSOLD and trading at just 25% of its pre-Covid price.

There is a HUGE CORRECTION coming.

Akorn is bitter because he has no funds to join the train ride UP.

Cineworld have 73% of their cinema estate in the US u see the name of Regal.

That large estate is OPENING TOMORROW.

You’ve missed the boat for a 30p entry.

This is going UP.

“Mr Kermode, who lives in the New Forest, says watching films at home does not capture the full cinema experience.”

A very well respected film critic and his opinion on the value of cinema.

Source: https://www.bbc.co.uk/news/av/uk-england-hampshire-53648994/mark-kermode-cinema-and-streaming-can-both-thrive

From lockdown in January 2020 to a thriving region in August 2020.

A really good read. Wuhan has not had a local coronavirus case since mid-May, and about 9.9 million people in the city have been tested for the virus. There are no bans in place on large gatherings.

It’s back to business and leisure for Wuhan.

Source: https://www.bbc.com/news/world-asia-china-53816511

Updated Forecast #Tenet is looking to earn $55M In Opening Weekend and It's Final Gross will be nearly $105M.

Very impressive but it shouldn’t come as a surprise given the recent elevation of Harry Potter movies pushing them to Billion+ thanks to the re-release and demand from Chinese cinema goers.

Source: https://mobile.twitter.com/tenetupdates

Yes, the S&P500 has grown 50% since March. That said, recovery stocks are showing interest and many are now taking positions, given the decline in US numbers and the emergence of vaccine trial data.

Leisure, aviation are ripe given their low entry points for the patient investor.

The study found that young people, women, and those with small children in the UK saw their mental health worsen significantly more than other groups.

It cites that, whilst the original motive for a lockdown was to alleviate pressure on health providers, it was imposed at the cost of mental health, which is doing far more damage to the age group than coronavirus.

Statistically, under 45s make up 82% of U.K. cinema audiences with the 15-24 making up a third, the largest group of all.

No surprise that we have seen such a surge in eating out, going to the pub and wanting to participate in leisure and recreational activities, which will include cinema.

The number of deaths in the U.K. for under 45s, related to Covid is UNDER 500. To put that into perspective, the risk percentage is 0.000007%. No surprise then we have read the more common flu has killed more people in the UK than coronavirus for eight weeks in a row, now. Almost seven times as many people are now dying of influenza or pneumonia than Covid-19, according to the latest data from the Office for National Statistics.

Source: https://theconversation.com/young-peoples-mental-health-deteriorated-the-most-during-the-pandemic-study-finds-143326

Source: https://www.statista.com/statistics/296240/age-and-gender-of-the-cinema-audience-uk/

Source: https://www.thesun.co.uk/news/12431571/flu-pneumonia-coronavirus-deaths-lowest-lockdown/

Thanks @NOFEAR good advice there.
Given the declining US covid numbers, US stimulas news stiring I can see a bull rally approaching global markets, very soon.

You're right, I think I will.

I'll place a LONG on Cineworld with IG, tomorrow.

This can accompany the shares I own to see Cineworld recover to £1 very soon.

IndpethBot posted a comment that legal proceedings could take YEARS and from this I imagine it could cripple Cineplex and I don't think we'd see them existing long enough to see Cineworld pay out the £28.3m because Cineplex breached the terms of the take-over.

I can see now why 92% of IG traders are LONG on Cineworld.

They are set for a huge windfall.

@indepth so you think this could be tied-up for YEARS, thus further crippling Cineplex who are in a dire situation and fast running out of cash?

Hmm, perhaps that isn't a bad thing after all.

I didn't think of you as one to RAMP but you may have a point. It could go on and see the end of Cineplex so Cineworld doesn't have to cough up that £28.3m penalty.

Given a court date is set, there is no active litigation - thus there is no expensive cost for on-going legal exchanges.

A court has agreed a date for the first trial is 13 months from now, so both companies can go about their business now.

The work has already been done and is reference in the Acquisition Agreement.

Nice try, though.

T

I don't usually spreadbet, but I'm considering taking out a LONG on Cineworld with IG now.

I think other investors should consider that, too. DYOR of course.

I'd happily pay 0.028% penalty in place of paying 4x premium for something and taking on their debt.

As of IG, they are going to be paying out HAND OVER FIST when investors close their LONG positions (all 92% remember, as opposed to the short-signed 8% who haven't closed their short) at £1+

The best thing that happen was Cineplex breaching their debt covenants.

It ended up saving Cineworld $2.3 BILLION DOLLARS.

From their contract:
"Should the Acquisition Agreement be terminated under certain circumstances. The Major Shareholder has also agreed to pay an additional breakfee of up to £28.3million"

To buy Cineplex at 4 x the premium when their valued reduced to just a quarter - would have been financial suicide.

So Cineworld have to pay £28million - that is paltry compared to over-paying £1bn for something worth £250m.

Thanks for highlighting that positive news!

Also first trial court date September 2021 (13 months away).

Source: https://www.cbc.ca/news/entertainment/cineplex-loss-covid-1.5686574

Yawn.

Again, if I had 92% of my clients LONG on Cineworld you will agree, it would be in my interest to get many spreadbetters to close their LONG. IG will be facing a huge loss as many savvy investors have recongnised recovery stocks with a long maturity are ripe for making money.

92% LONG on Cineworld
8% SHORT on Cineworld

Yes, IG have every right to be nervous and employ a de-ramping crew.

It really doesn't add much value @ indepthbot.

My virtue, I may as well post this old story: https://www.proactiveinvestors.co.uk/companies/news/216458/regal-proving-to-be-a-box-office-smash-as-cineworld-profits-more-than-double-216458.html

Shares rose 7% to 309.1p in on Thursday morning in London.

Pointless.