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I got in several months ago at 40.20p.
I had confidence that this was a sound business and could recover.
More positive news today but given my other main stock at moment is high risk in CINE, I’m tempted to take some profit out.
Thoughts? Advice?
Still here. In at 3.2p. Risky one and already has my fingers burned with MADE but going to stick with it.
My only 'short' position is the ones I've got ready to pack in my suitcase for some winter sun that this stock will (hopefully) pay for. :-)
Despite having my fingers burned by MADE recently I feel CINE has more upsides at moment with clear risks.
GLA
Anyone who’s more experienced in this area have any thoughts on the time frame for when an RNS will be released? It appears the media reports amongst other things have driven the demand up for this stock in the past 24 hours so hopefully a positive RNS will enforce these reports and further drive confidence.
GLA
I reflection of society, social media, public forums etc etc in general IMO.
90% of it is posturing, non-fact based, peoples opinions with no substance etc etc but look hard enough and you will find some logical posts, discussion, opinions and certainly look at facts and form your own.
A good day for CINE and hopefully many patient PI's GLA.
Nice to see this moving up on the back of what appears good news from the US court case. Hopefully a positive RNS to follow and with some big movies and revenue projections strong for Q4 into Q1 of 2023, the start of a recovery and possible sale/merger.
On the back of the announcement of MADE's share suspension this was a welcome bit of good news.
Valid points JL76. Its been a crazy week starting with this time last week when the question was 'how much will they get' which dramatically changed to 'is this the end of the road'. Lets hope the BOD are true to their word and do what they can to ensure survival and brighter future for the business in the months and years ahead under whatever banner it will fly under moving forward.
Just got in at 0.54p bringing my average down to 2.04p. Here's hoping for some relatively positive news this week.
Would it be naïve to think the BOD had a contingency plan in place for the scenario that played out of all interested parties not progressing their interest in the business?
Hang on in there all. I got in a month ago so only single digits % wise down. so obviously in a better position than many
Patience required but this should recover in the coming months - whether the 'undervalued' £1.70p is achieved, I doubt but the business is much stronger than its current value.
Agree MDMC, the financing requirement does weaken the sellers hand but that needs to be balanced off against the number of interested parties.
With the current general market situation however, this is certainly one to be involved in.
Couldn’t agree more. Went bowling with 5 other families today. Killed 2 hours, relatively cheap, kids loved it. Similar to cinema in that respect.
It’s a fairly similar and logical piece and sums up where most of us are.
I’ve likened it to backing a horse in a one horse race knowing it’s not a great jumper and could fall at any fence.
But if it gets a clear round there’s a prize to be won.
The big question is can Cineworld stay on its feet and get a clear round of jumping?
The key to driving the big price up in my opinion has been the number of interested parties and there appears to be a number.
As many have stated, this business and the customer base would integrate well into a number of larger businesses so hopefully it will drive the interest level and ultimately any selling price up.
It's going to be an interesting week or two coming up.
GLA.
Good post Canary.
You don’t become a self made billionaire by fluke so he clearly knows how to run a business. Not to say he will get everything right but given it’s his baby he will undoubtedly want it to work and I’m sure he will help steer the ship back on course.
I’m a recent investor so not down by much but I can understand the frustrations for those who have seen their stock value decimated coupled with MM stating £1.70 as undervaluing the business and the SP less than 25% of that value.
Like many stocks at the moment this has real potential to recover but patience is required.
I spend time on Teeside with work an lad the deprivation and social issues are on another level. The sad thing is there is so much talent in that part of the world and generally a very willing workforce but the continued lack of investment has done for them.
Admittedly when up that way I stay on the outskirts of Durham - a wonderful part of the world
Hurry up and get it penned and released gents…and get working on some sequels and pre-quels. It could be the next Star Wars and in a few years time all of us on here can live where we want when we’re rich beyond belief as we held onto Cineworld at below 3p :-)
Max - 28p
Min - 12p
Far more excitement than Eastender's but it's certainly comparable for drama :-)
With one offer in you would expect other interested parties to quickly make their positions clear.
Time for another coffee , sit back and watch it unfold......
Do we know from whom and what kind of valuation?
I agree Cintek. There's a lot of interest in the business which will hopefully drive up any sale price and despite the slide today, there's a strong likelihood of more positive news around the corner so time so sit back and let it unfold.