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Agree that is frustrating to see this going down or being taken down by bloody MMs. With such a thin volume, we are down by over 5%. We have seen this many times. There is nothing related to CINE to cause this drop. Anyone trying to explain the current share price actually will be fooled when this goes back to 70s and 80s again. Just 2 weeks back, we were at 84p. By panicking and selling for a loss is not right thing to do IMO. I have been eduring the frustration since last 6 months but I now have seen enough the games being played here. There is no news out there released in RNS to cause this drop. The best thing to do is accumulate now and bring your avg down. Previously my avg used to be 90p and now at 77p and will be topping up to bring that avg further down. You should do what you feel is the best for you.

Since last 2 yrs markets have been irrational. Companies that don't make a single penny are valuing in billions and companies that generate cash are being ignored. Look at those green energy companies with high valuations. When they don't make a single penny how their valuations are right? Same way saying our CINE share price is right because of the finances is not right either.

Shorts were betting on CINE since before covid due to the cash needed to fund CP deal but that deal is scrapped now. But the shorts are still betting because of the on going court case, which in the worst case, it could be low hundred millions but not billions. Also like JG68 said other day, if the judge is to award CP anything then we will be entitled to as well.

Polaris have done their due dilligence and increased their stake by 6M shares on 27th Sep at around 67-69p I guess going by the RNS date and they alone cannot fight with the rest of the funds. If they have sold then we should see a RNS for reduced holdings from Polaris but no RNS.

From 60s, we went past 70s 3 times and 4th time we broke that and went on to 84p. I'm hoping that the same will happen again. I'm not selling for a loss and will be holding. You should do what suits you best. It is always the darkest before the dawn.

From today do not reply back to plebw. For any threads that he opens, simply click on report post link to delete his post. More number of people report it without replying to him, LSE will delete it within 1hr. Everytime he creates new thread just report his post and do not reply.

FI, 70% of 2019 is still massive despite the number of releases being less than in 2019 and that shows that demand is back.
November is one week less but we have Thanksgiving day to cover it up.

Thank you Mountainous for your research too! Glad to have you and LPD posting your research all the time. Pls continue posting. One day we all will reap big awards along with Mooky! For now take care and Good night!

Nothing to worry about box office Mountainous. We already have $270M in US and it is just 10th October. By end of October, it is very likely that we get to 80-90% of 2019 levels! We need to repeat the same in Nov & Dec then share price could get to 80-90% of 2019 levels which was £1.90 provided we clear the last hurdle.

Some of the movies in November are listed as the most anticipated movies for 2021 and that includes - Ghostbusters, Eternals. Resident evil is my favorite :-) releasing on Thanksgiving day! House of Gucci, Enchanto are the other ones.

With Pfizer seeking EUA for kids vaccine 5-12yrs old and Thanks giving in November, we could easily see 80-90% of 2019 levels in November and December we have big movies that includes Spiderman and Matrix!

Tomorrow as usual overreaction to inflation or if market sense that no need to overreact then prices start to move. FTSE futures in green at the moment. Inflation should be priced in now like some say Bond news is priced in!

Fantastic post LPD on the court case.
In the beginning CP were claiming they did not breach debt limit but now are defending that it is ok to increase the debt limit! Cohen shut her up when the lawyer said CP increased their debt in the same way as CINE did but Cohen reminded her that they cannot increase the debt as per the agreement! Judge Barbara had a frown when CP lawyer said they need one more full day to cross Cohen so she then said half a day next week!

Another thing to remember is that Polaris increased their stake on Sep 27th which is well 2 weeks into the court session. When bloody pleb here doesn't want to invest his 50p in CINE then do you think Polaris and many others would invest millions taking the price to 84p last week?

Deadline says historically 70% of Bond revenues were from ROW. So that means if we do $250M in US that is inline with precovid levels. But am expecting more than that for No time to die considering the movies available now.

Seddo, yes, it is frustrating for Cohen to not be able to talk to anyone about the case. They want to cross-examine him more on Tuesday. But I guess it is not hard for lawyers to communicate with him! We are in the movie industry and we have seen movies on how to communicate in times like this :-)

just before closing the session, CP's lawyer(lady) was trying to get Cohen to say YES that it was OK for CP's CFO to raise liquidity(add more debt) just like how CINE CFO (Cohen) raised the liquidity! But Cohen reminded her that as per the agreement they are not allowed to increase their debt! It is utter non-sense to say that it was OK for CP to increase the debt by raising liquidity when clearly the T&Cs of the deal was to not increase the debt! She was saying that CP was not allowed to raise equity from shareholders as part of the deal, which is correct as that is what they agreed when the signed the deal.

To me I think even Judge is also realising that it is pointless trying to defend why they increased the debt as she asked in dismay how many more evidences/sessions they want to defend their non-sense!

So it is very clear to everyone that they breached the deal and even they agree that and it is utter non-sense trying to justify why they increased the debt. They increased the debt and breached the conditions end off.....

At the end of day, they breached the debt limit and they themselves are acknowledging it and it is pointless trying to defend why they increased their debt.

Ofcourse interested in others thoughts who watched it...HNS, were you watching?

I'm feeling more confident now that this case will end up in our favour.
Reason -
We are into almost last few more sessions (5 more after today) of the court case and CP instead of defending that they did not breach the debt limit, they are attacking CINE that even we had deferred payments, which is irrelevant to the deal conditions.

They are arguing about CINE was purposefully waiting for CP to breach the debt limit and questioning CINE on why they did not close the deal early. First thing is that the deadline to complete the deal is June 30th so they have right to wait till the last day for the transaction to complete.

Clearly CP is trying to distract everyone from their breach and instead attacking on all irrelevant points.

If the bloody short sellers are watching the video, they will realise that they need to start closing their shorts from next week.

Happy to hold and not selling a single bean until I make money after spending so much time on CINE since Mar. Hold strong guys and don't give away your shares for loss.

That is correct LPD. What CP did last 2 days is just noise and not relevant at all. Fact is they breached debt limit and that breaches the contract that proves that deal termination is legitimate!

Now our guy is dismissing all the crap that CP's lawyer cross-examined since last 2 days. They claimed that CINE was intentionally waiting for CP to break the debt limit but our guy is showing evidence that CINE was always in favour of acquiring CP until they realised that CP breached the debt limit. You guys should watch the video -
https://www.youtube.com/watch?v=Homg6Z8Bti0

I have learnt it is actually more easy to hold when you are in loss than when you are in profits!
With profits, you will be more worried about when to lock in. For example, with ITV, I have an avg of 74p and am well into profits but profits decreased from when it was at 130p to 104p now. Almost lost £2.5k profit in ITV.

Again, if you look at my story with BT, after buying in at 206p before covid, it went down to 100p but in 1yr it came back to 206p.

With CINE, well in loss but got my avg down this week from 90p to 77p now. We will get back to 80p. We have good box office numbers and more importantly no more lockdowns and we have discussed many times how streaming is no more a problem. Court case is one thing that is a major headwind now but we need to understand that Polaris increased their stake after the court case started. They wouldn't do it if they believe that we are in trouble. We have all other major funds holding as well. Not a single RNS with reduced holdings. Current downtrend is with wider market trouble and nothing specific to CINE. I'm not selling for loss. I will now bring my avg down like PW did.

That's right Mountainous. Their claim for £2bn damages is simply nonsense.
We just need judge to be pragmatic in making her decision. If the deal is done then both cinemas will go bust and there will be loss of jobs, which is not good for the economy. No one benefits out of it. It is just ridiculous to claim damages for not completing the deal considering the covid situation.

If going by the legal terms of the deal, they breached the debt limit. Instead of CP defensing that they did not breach, they are attacking on CINE for waiting for CP to breach the debt and there is nothing wrong on CINE to waiunilt the deadline of June 30th. There were many deals done just on the last evening of the deadline.

I do not think the case is going in anyone's favour yet.
It seems like currently the cross examination by CP's lawyer is to prove that damages claimed by Cineworld are not correct. It is alright for us if we don't get paid for the damages as the amount being paid claimed is just merely £32m, which CP is no position to pay even £32m to us.

Also they are trying to prove that CW was intentionally waiting for CP to breach the debt limit and I still do not understand what is wrong in CW waiting as they have time till June 30th to complete the deal.

if L&G are seeing the court case, they should realise how hard Mooky and his team worked to not only pull CINE from ashes of last year but now are on their way to make money like in 2019 soon. They thoroughly deserve the bonus payment when share price reaches £1.90. L&G were moaning for announcing bonus scheme by Mooky.

some good chunk of trades are going. Another 20% rise can happen soon and with news on A2/A3 landing soon, it will be more than 20% rise. Accumulation period now.

All eyes were trained on No Time To Die’s international box office performance this week – would it prove a boon to beleaguered exhibitors around the globe? The answer appears to have been a resounding ‘yes’. The film’s opening weekend topped estimates by reaching $121.3M, putting it in line with Skyfall and just shy of Spectre. As Nancy wrote in her report this week, “wow!”. Focus now shifts to the domestic bow. Anthony writes in his preview that the film is projected to take $150M globally this weekend, with $90M coming from the second international session plus $60M from the U.S. opening.

There is no reason for this to stay this low....even inflation is not a big impact to ITV as their loans are all locked in and no maturities anytime soon? Moreover, per minute tariff for ads will increase with inflation?

Something is cooking for sure. I wonder if ITV is close to making the purchase of C4 and the purchase needs funding and for that if new debt needs to be raised then current speculation about interest rate rise can have an impact but if there is any news already leaked then we should have RNS....

Just a reminder that Polaris Captial bought 6M shares at 67p few weeks back. They see potential upside for CINE considering the big movies next few months.

Also box office revenues are nearing 2019 levels and exceeded 2019 for some weeks so it shows that cinemas are cheap and demand for movies is back.

With inflation, the very first thing people would do is cut the monthly subscription to Netflix and other streaming providers. Many will be happy to visit cinema than pay for monthly subscription.

This weekend box office figures which includes Bond will tell you the demand for the cinemas.

That is correct. If you watch the clip, he said that oral pill failed on efficacy. He didn't bother to mention anything about safety. If Safety record was first checked, he could have said it was safe but failed on efficacy but not. He said that oral pill failed on efficacy. Even in the other clip too, he said other drugs were not "effective"! There is no point in checking safety record if the drug is not effective.

With regards to SNG, he said they are reviewing the safety data so to me it is clear that our product is "effective" and it is only the safety record that is left to be assessed. Hopefully safety record is all good.