are absolutely going crazily up and up all the time.
I was looking at NVIDIA when they announced split to $200 per share. It dropped to $190 soon after the split and thought it will go down and now bloody hell it is at $304!!! That is equal to $1200 old price!
Luckily am in Tesla but the amount am invested in CINE is more than Tesla! :-(
Nowadays all prices are done by Algo. There is absolutely no correlation of the share price to the fundamentals of the business. My head spins when people talk about spread betting, put/call options. All these are in play in every share. Atleast in the popular shares and CINE being most shorted stock in UK, obviously there is heaving trading going on although volume died since almost a month now.
I'm hoping that once we have a positive outcome of the court case, we shall see a good percentage rise in CINE too. All the shorts seem to be betting for no news on court case but looking at the fast pace of short reduction by Polygon, looks like they are not taking the risk for staying till the case outcome. Shorts are not doubling as well like it used to pre-covid time.
Barbara heard all the arguments from both the parties. She now need to write some 200 page document to support her decision so that will take time. Most of the content in that document could be from the written submission from both the parties. She needs to pick the pieces put them together. We are now getting close to mid of Nov. Early Dec we might get news as I don't think she would want to keep writing the document about her decision all of Dec and into new year!
Nice summary Bot!
RR is working with Vertical Aerospace(VA) on engines for Electric Aircraft. VA already has a billion order for their electric aircraft used as Air Taxis. Don't know how much money RR would make out of that but there was a RNS from RR about electric aircraft and collaboration with VA quite recently.
There is definitely big potential for RR in the coming years.
The price was manipulated and supressed at £1.03- £1.09 range and we were discussing since many weeks that the fair value is £1.30 atleast.
XMas advertising should be in full swing on ITV and next year we have football world cup!
£1.80 as per Credit Sussie. I must say Credit Sussie are usually bearish on most of the stocks and they are seeing this as undervalued at current price is a pretty good sign for me.
Bonkers, yes, Simply Wall St estimates the fair value to be atleast 20% above from the current price and future upside is close to £4 when things get back to normal.
https://simplywall.st/stocks/gb/media/lse-cine/cineworld-group-shares
They consider everything into the mix before coming up with a fair value. They say fair value for CINE is £3.98!
Atleast 20% undervalued from the current price.
With debt at $4bn in 2019, CINE share price was £1.50+
Once Cineplex is off our backs, CINE should rise to the fair value.
You and Scott M can wait and buy after the positive outcome.
Within 1 month!
On 5th Oct, they had 1.35% and now 0.89%.
They have not exchanged their position with someone else as the total short percentage on CINE also reduced to 8.71% from 9.11% since last month.
Polygon are seeing that the outlook is turning positive for CINE otherwise why would they reduce?
Once we have positive outcome from court case, minimum 30% rise and new base for SP after 30% could be in 90s or 100p+
Tomorrow could be another blue day with SP touching 66p and hopefully see 70p by Friday.
Big bounce will come. It can't in a continuous straight line downwards.
From 84p at beginning of Oct to 61p now.
Time to go up.
Bond was a big catalyst and so is the Thanks Giving day and we have other big movies in Nov & Dec.
During the build up to Bond, we hit 70p 3 times and then went past 70p and all the way to 84p.
Closer to ThanksGiving in 3 weeks, let's see if we will hit 70p again.
Remember that the drop is nothing to do with CINE despite trolls trying to make you believe. SP is already pulling up.
IAG results were out this morning and that pulled the sector in the morning but picking back up now. All this is due to bloody Algos that trigger based on the price movements across the wider sector. When big FTSE 100 company like IAG goes down by nearly 5%, algos seem to be firing up on all the companies under travel sector.
We should now start looking at the movies in November. Eternals got good marketing all around. Let's hope that we see good big numbers in the first weekend.
back in 2017 and in 2018, there were interims in Nov & Dec despite having an update in July/August time.
As the court submissions are now over so I expect the calendar to be updated in next few weeks.
An update could be in Dec.
BOE not hiking interest rates!!! This is another big news for CINE!!!
We had trolls scaremongering about interest rates.
This is getting close to pop big. Just now topped up.
We have Merkc pill approved by MHRA so another weapon in the armoury to fight covid.
CINE will pop at some point. patience needed.
Congrats LPD on MTRO.
That is a big news!!!
Tomorrow could be a big blue day!
Shane is doing fantastic job!!!
Don't worry, Judge interrupted and looked less convinced with Cineplex lawyers than with our lawyers. Unlike Cineplex team, our guys are responding confidently to all the questions from the Judge whereas CP's Mark was fumbling to respond to majority of the questions from Barbara.
"It’s utterly ridiculous what’s going on with AMC. Probably going to get shot down for admitting doing this "
Timeshifted, no doubt you will get shot down on this BB if you talk about AMC share price. But everyone will love a rise like AMC for CINE too.
This is the most shorted stock in UK so a short squeeze can happen at some point. Just yesterday, there was another stock in US that went up 80% due to short squeeze and it happened after the market hours on the back of good news.
Shorts piled up on CINE after the announcement of Cineplex acquisition. Once Cineplex is off our backs then a gamma squeeze or whatever squeeze you want to call it will happen.
Just 30% rise will take us back to near to 80p and we were there just a month back and 80p is still undervalued once CP is off our backs. We were at £1.90 pre-covid after acquiring Cineplex.
I think us private investors got this in grip.
Reason, we all are holding well and shorts have reduced. We have a solid support in 60s.
Mr Steep could have explained with an example by mentioning what you said Mountainous that they tried to reduced the debt inorder to meet the contract when all others are increasing the debt and that is starying away from the ordinary course.
I think after the break, Mr Steep will come back with that response. Let's see....
RNS mentions that the transaction was completed on Nov 1st, yesterday and we had a nice near 5% rise yesterday so whatever they sold was already absorbed by the market!
Mountainous you nailed it. If Polygon thought that the price of CINE was going to decrease further, they wouldn’t be decreasing their short.
From 1.35% short on 1st Oct, they reduced their shorts to 1.06% on Friday last week!
If the CINE situation is bad then why would they decrease instead of increasing their shorts?
Now remember that Polaris who are long on CINE have increased their investment and upper their stake in September!