Member Info for smalltrader

well today's red day just like any other red day that we have been seeing. I did not fret for a bit although my avg is 77p now!

With each day passing on, we are getting closer to the outcome of the court case. Unlike travel stocks, our business is almost back to normal. We need not worry about oil price, covid in other countries as our main markets are US and UK and these are almost normal as per the BO figures. We have fantastic line up of movies and we have seen the beautiful figures of BO already.

Now add today's Disney's news to the mix. They already are sticking to theatrical release for the remainder of the year and will continue to do so and this is good news for CINE.

Now all that we need to clear is court case. With regards to that, all those folks who watched the trial live can confidently tell you that Cineplex lawyers could not defend confidently any of their claims. The expert KPMG witness dismissed their exaggerated damage claims and CP's lawyers literally struggled to prove their point.

To me, I think we will not pay a single penny to CP. If the judge is biased then at worst the damages that could be awarded would be $100m or under it. I can guarantee you that Mooky will fight for the last single penny and he will make an appeal even if $1m is awarded to CP.

Shorts are taking advantage of uncertainty and I will use this uncertainty to my advantage by adding more. My purchase last week at 68.5p was bad timing but no regrets as I will be adding more. I will reveal my top ups so that BC will honestly post his purchases too :-) When this hit 80p, am pretty sure some of you regretted for not adding more in 60s and you don't want to regret again by not adding now in 60s! GLA

Sorry 5eights, could not reply back. Thanks for pointing out at the link.
Nige, thanks for providing the link.

There is no doubt that big institutions that are invested in ITV constantly question CEO/CFO on the share price performance. I'm invested in CINE and there is court trial that was broadcasted live on Youtube and last year when CINE price dived due to COVID, big investors were sending numerous email/sms/whatsapp messages to CINE CFO/CEO. All that was show live on Youtube. Some big IIs say that many are selling but the CINE executives said they got assurances that shares will not be sold. Then again one investor called Barclay's ****ers as they sold the shares from the back door despite giving assurances to CEO that they were not!

So definitely even with ITV, all big IIs that invested before pre-covid levels and at levels £2 and £2.50 will be constantly questioning ITV CEO/CFO about share price performance. Now the drop from peak of £1.34 to £1.02 happened without any reduced holdings! It is nearly a drop of 25%!!!! But not a single reduced holdings. I checked short tracker and no new positions either. Could it be retail investors like you and me fleeing? I don't think so. ITV has 4.2bn shares in issue so PIs can't cause such a large drop.

There just could be multiple funds exchanging hands and shorting ITV just below 0.5% short threshold so they don't get reported. ITV update in 5 weeks so hopefully if there is no big market correction then these shorts will stop playing games and will restore normality. Currently daily movements are not normal. I'm not selling anything. I have 74p avg and this time I will add more.

Although there is a lot of talk about supply shortages but retailers will still do their advertising.

Without doubt there is manipulation going on with the ITV share price.
Friday volume 5m sells vs 2m buy when the whole FTSE was in blue. ITV did not budge when it is the safe investment in the FTSE index.

Miniscule debt
Huge cash in the bank
Dividends already announced
Trading conditions above 2019 levels
One of the leaders in the TV AD market
Great studio content
In streaming business with Britbox
Highly cash generative business
Precovid trading at 190-155p

It is a FTSE100 stock that is pushed down from recent high of 134p in June to here for what reason? FTSE 100 back to precovid levels but not ITV price! Utter manipulation by US funds

Anyone trying to justify the current SP is clearly not invested in ITV....

Hi Mountainous, Netflix buying that theater is the second one in their purchase. I believe it is all experimental to gauge the response and might be collecting some metrics to see how effective these new avenues will be for Netflix. The fact that Netflix bought the second theater now indicates that they see the value.

Once cinemas get back to pre-covid levels, we might see M&A and CINE is in bargain basement prices to acquire. CINE having presence in multiple countries is a big advantage and it certainly attracts streaming giant like Netflix. Although AMC too has bigger presence but it being a meme stock with their Mcap not related to the business, CINE will be the right candidate for any acquisition if and when it gets materialised.

https://www-latimes-com.cdn.ampproject.org/v/s/www.latimes.com/entertainment-arts/business/story/2021-10-15/netflix-takes-over-bay-theater-at-carusos-palisades-village?amp_js_v=a6&_gsa=1&_amp=true&usqp=mq331AQKKAFQArABIIACAw%3D%3D#aoh=16344618991006&referrer=https%3A%2F%2Fwww.google.com&_tf=From%20%251%24s&share=https%3A%2F%2Fwww.latimes.com%2Fentertainment-arts%2Fbusiness%2Fstory%2F2021-10-15%2Fnetflix-takes-over-bay-theater-at-carusos-palisades-village

A streaming giant buying a theater says it all. Why buy a theater if streaming is the future? This is just a start. Once cinemas are back to precovid levels next year, there could be M&A in cinema industry.

Big cinemas chains like CINE was making £4bn in revenue precovid. Streaming giants would definitely like such revenue. Netflix is getting excited about $900m they would make from Squid Game. But with owning a cinema chain, they make billions every year. AMC and CINE have world wide presence but everyone knows who is the best in the industry! With Mooky running the business successfully since many decades, one can trust him running the business for many more decades to come!

https://www.reuters.com/business/big-short-investor-burry-says-hes-no-longer-betting-against-tesla-cnbc-2021-10-15/

"Media really inflated the value of these things. I was never short tens or hundreds of millions of any of these things through options, as was reported. The options bets were extremely asymmetric, and the media was off by orders of magnitude," Burry told CNBC.

Good afternoon Mountainous, I picked up cough from kids and have fever too so bit down at the moment. Need to go back to office from Monday but I got an excuse now! Have a lovely weekend.

MT, despite all the uncertainties, we went up from 60s to 84p. We also had Polaris increased their stake. And not to forget, 700mn shares are still with the institutions including Mooky's and no one has sold as we didn't see any such holdings RNS. So IMO, we are back down to 60s not due to uncertainties. It is all about sentiment and momentum.

We are down from 84p to 60s due to the wider market conditions. ITV, TW, BT and other FTSE 100 stocks were down too and still not recovered after the Evergrande and inflation scare. Saw an article today that said that FTSE powered up with investors shrugging off inflation and even DOWJ up too.

We need catalysts to push these stocks up. Coutr case outcome will be one big catalyst and soon after that any news on US listing would be another one. We are due for trading update as the last one was only till June 30th so investors need to know about trading in Q3 and that is why I mentioned that it could be in November like the previous years.

Considering the above catalysts, now is the time to accumulate. Even a director purchase can kick off upward momentum. AIMO.

Also would like to appreciate the posts from Bonkers & FI too. Have a good weekend guys.
Great contributions from several others too HNS77, RM722, MoneyP1t, PW, BlueBuxton, Antmoss, A18, TS and others too.

Plumber95, where are you mate? Didn't hear from you this week. Don't worry about Cruis1, he is learning to post some positive articles too!

We all need to just stay united and keep the trolls off the CINE BB. I didn't read a single post from the Pole. Not worth reading.

Although total shares in issue is more than 1billion, I see that free float for CINE is around 590M shares so any shares loaned to short are within the free float.

So a short increase by 0.49% is approx 3M shares.

Total volume(Buy/Sell) is around 5M-6M shares today and is similar since last few days.

Even though the total percentage is now above 9%. Short increase was yday and probably they took position earlier than yday but still with over 9%, we touched 69p yday and today.

You can see that not one is adventuring to increase their shorts massively by 3% and 6% or more since last 6 months because they too knew that the headwinds that CINE is facing is only for short term and they don't want to get burnt by increasing their short in bigger percentages. My guess is that they are trying to play the uncertainty with small pocket change. As long as we don't give up our shares for the tricks being played, we should be good.

Once this court case is out of our way with minimal damage, we shall be flying. Market just cannot ignore the positive outcome of the court case if it lands in our favour and folks who watched can see which way the outcome should land. You don't need to be a lawyer to understand it. Of course, the final outcome is still yet to conclude but am not selling anything until I make a profit.

Wish you all a very good weekend! Thanks again for all your contributions and you know who my fav is :-) Yes, right LPD and next inline is Mountainous :-) Keep smiling all.

are trying their best to shake investors to grab our shares. Absolutely no reason for this to go down by over 2%.
Not selling a bean. Just need a big increased holding RNS like the Polaris one before close. Remember it was released on few friday's before and the following week, we started the journey to 80s. Wishing for a repeat like that!
Could end blue today! let's see...

well. yesterday we were told that CINE was up because of the market was in green! Today rest of the market is still going up so why are we not going up then?

IMO we are not getting enough new investors to counter the Algos and no one is adding and when reading some of the posts here, surely no new investors will add either?

Like someone said investors will miss the boat if they are waiting for -
1) Positive conclusion of the case
2) positive trading update
3) Good movies

You will add now before all of the above news comes in and not after the news arrives? Reasons to add now -
1) Court case totally de-risked
2) Trading update - this will be the best update since 2020. In the last update, we reduced the losses from last year billions to few hundred millions and this time, it will be even better
3) Good Movies - People have seen what Bond did to the share price. This month not over yet and big movies equivalent to Venom are coming out.

So you will add now before seeing the rise to 80s like with Bond. Of course as always keep powder dry so you can add more later.

Added at 68.5

RS2002, Good Morning, good to see you on IAG. You did a great job on CINE BB. Your contributions were invaluable. Are you still invested in CINE? would be good to have you back on CINE board! Even if you are not invested, it would be fantastic if you can share your thoughts on CINE BB. GL.

IAG do not sell. With all the skies opening, easily back to 200p+ hold tight. GLA

Good points Mountainous regarding US listing.

I know an oil company, ENQ and they did a dual listing in 2017 with the additional listing in Sweden. Whenever they made an acquisition, they did an open offer to SHs but they made the offer only to London investors and not to Stockholm investors. So am guessing that if we do a US listing then we can do an open offer like ENQ for US investors and use the proceeds to pay off the debt. This way our shares on LSE will remain the same and we don't lose anything. If dividends are offered then they can do for both the listings I guess! I will check again on ENQ and may be we can ask ENQ shareholders. They are a nice bunch. Had couple of grand in ENQ and sold it.

Also we can research another company TILS. This year they spinned off one of their subsidiaries and did an IPO on that one in US. Shareholders on LSE got some shares for US listing.

Either way we can relax with the US listing because Mooky's will ensure that their shares on LSE will not have big impact!

I feel the same LPD. We finished extremely strong with our KPMG expert. Have a nice evening LPD!

Thank you BlueBuxton!
It looks like CP lawyers totally lost on the crucial topics -
1) Deviation from ordinary course thus breaching the debt limit
2) they could not defend the amount of damages that they claimed, KPMG expert totally ripped them off on the billion pounds damages?
3) We scored more points than them on ICA topic too?
4) On the topic of Buyer's remorse, with their rudeness they have put pressure on Cohen and Griendinger's and made them look to be giving false testimony but clearly if you are shouting like that then humble people will crumble. Still, nothing to worry on this topic either IMO.

I think next session is not until November 1st week as that is what Barbara said in the last minute ?

I missed the session after the last recess. I heard about the synergies and Mark's school bus analogy, which KPMG expert dismissed as comparing apples & oranges. Did he continue or Julie took over?

I'm now confident of the outcome for CINE. Time for me to top up to bring my avg down to 70p. I might be jumping the gun too early but need to bring my avg down to 70p .

Not sure about others but clearly to me Mark is just waffling and struggling to put his point around and KPMG expert is dismissing his every point and said all his analogy is comparing apples and oranges :-)
KPMG expert dismissed the compensation figures that CP is claiming is utter ridiculous.

I'm glad that Mr. Steep finally stepped in to object CP's rudeness.