Member Info for Strike123

when EIG was not selling before the Q1 results, SP climbed from 400s to 530 with oil price gone up from 90s to 130s.
Because of the closed period with results due on Thursday, there is no selling by EIG I guess and buybacks pulled the price to 418 now.
Hopefully if EIG do not start with their remaining 16% then with buybacks, I guess we should easily see 500p+
Last time EIG got their stake down from 37% to 16% which means reduced by more than half and can't see why they would want to reduce their 16% massively now. We also had RNS about EIG, which kind of indicates to me that they are done with their transfer of the holdings. If the buybacks continue, I believe it will continue into Q4 considering the amount of cash being generated, we should still see 500p.

Current 418p is near to the price at which merger took place with oil in $50-$60! With double the oil price and quadruple gas price currently, 418p is massively undervalued price. We should more like 518p. Let's see what happens on Thursday.

Indeed, a great start to the day!
I'm now just a few pence away from break even!
We should have been 500p+ easily with the oil and gas prices since last quarter.
Lot of catching up to do.

Once more buybacks are announced, 600p should be hit easily in next quarter.

Hopefully big fireworks on Thursday. GLA

next 2 days another 2% will take the SP to 420p for Wednesday close.
If we see 10% rise based on the results on Thursday then SP closes at 462p!
I will take 450p close for Thursday and that should set the stage for the rally to £5 and above!

SP is just going up and down due to the overall market but business wise RR is getting stronger and stronger -

Balance sheet improving
Trent Engines back into commercial space
New technologies in pipeline with some already proven like SAF, Electric Aviation and SMRs
Travel demand above 2019 levels, which will help the civil aviation business
Power and Defense projects growing stronger

Considering the above, SP should be at £1 despite the inflation IMO.

Shorting scumbags out in force today.
There is a $125 billion shorting on US equities and I think the equivalent amount is in place to short UK shares.

Did a small top-up but not big enough to dent my 120p avg!

There is still lot of money waiting on the sidelines.
Prices recovered in pandemic when the whole world came to still. This phase of uncertainty will pass too but no one knows how long it takes. I will be happy if the stock lingers around in 80s until this war comes to end.

I wish if govts can ban short selling forever. Some say there is no market without short sellers. Really? How the feck is the real state prices going up and down? Is anyone shorting your property? Why the hell then short the stocks? People will sell depending on their needs. Some will buy and some will sell in their own time period like the property.

There are some mentally ******ed people here making wild predictions throwing out ridiculous finger in the air numbers posting such garbage at midnight. Only a stupid fool would say they are invested but comes up with a post to throw a ridiculously low number. Best is to filter such idiots and don't bother to engage with them.

Current low price already priced in inflation and high interest rate and despite these factors, company said it would be cash flow positive.

For RR, more than SMRs, civil aviation flying hours matters the most. Despite the recession predictions due to rate rise, travel will still continue like it happened in previous slowdown times. FED predicts a mild recession and it is only a mild recession to which markets will react positively when that occurs. EZJ said their forward bookings are already 40% done. Oil is coming down. US inflation is cooling down and it will be down with next FED hike.

Short sellers will take this down bit more but a 30% drop cannot happen as posted by some mentals.

HNS, in the past accounts from CINE, do you see CINE owning any asset ? How much were those assets in the past pls? The reason I ask is that if CINE doesn't own any of the real estate where screens are or the sites not worth much then how are the lenders going to get their money by making CINE go bankrupt?

Tom, ITV is down because of shorts. There is not enough buying momentum because of the macro factors. Little bit of negative news on inflation or on war, bears/short sellers are pouncing taking the prices down not just of ITV but almost all good UK shares. Just today on Bloomberg, the article mentions about the short sellers pounced ending the market rally. Just go on Bloomberg and you will find the article on home page with article titled as "Stocks sink as short sellers resurfaced"

With dividends in place, I can't see ITV going down too low. It is an opportunity now to buy low again. Like you said I think bears are not letting this go above 75p. By end of August ITV could be back to 71p+ or even before that. I will add more next week.

Worldcup is coming up in November so that should help ITV do little stunt to go above 75p.

Thanks Papucel for the link. Very useful!
Looks like my calculation of £3M for Citadel seems to be correct...
That page also shows that they made loss of £2.7M on ITV!

Fun investor, you are missing the point that others like HNS are arguing. You are saying that current quarter is weak so CINE is stretched and need to raise money urgently? They didn't need to raise money when their whole estate was shutdown in pandemic? Also Q4 looks strong and the next several years, there will be billion dollar box office movies , which will help exhibitors like Cineworld. Also the conclusion of court case is not done yet so it is hard to see why this sudden announcement about balance sheet restructure? Also when you want to do D4E, one would announce the price at which they are going to raise money in the same RNS as otherwise like now, price tanks by 60% and company lost 60% of money already.

The only reason I see for such RNS is to portray CINE situation as precarious so that judges do not award big payout to Plex and put the court case to bed.

I'm pretty sure you will not see any further RNS until September 22nd when the results would be released.

It looks like split will be done at $900 unless next week a very bad news impacts the market causing price to go down.

If it splits for $300 a share then am bit worried how the shorts will attack TESLA to take price down to $250 or less, which is nearly 20% off the split price. Amazon went down to $100 after post split price of $120, which is nearly 15% down.

By next update, it should be back to $300+ and we don't know if it would go down to $250 or less ?

Citadel short % is 1.41%
Total issued shares for ITV is 4bn so 1.41% is 56M shares.
Price they stared to short is 74p so they borrowed 56M * 74p = £41M ! ?
Those 56M shares now worth 56M * 68p = £38M ?
So it is £3M in 2 days this week.
Repeat this every time it goes to 75p!

https://www.shorttracker.co.uk/company/GB0033986497/

Blackrock too

Citadel upped their short last 2 days this week.

Why don't they close now as it is down to 68p and go long so that we all benefit together?
These morons who short should get burnt badly one day.

I will never vote conservative or labor in my life.
I will vote to an independent candidate only to save myself from penalties for not voting!

I was hoping to see 395-400p next week before the results but looks like we will see 395 this week itself!
Still 20p in old PMO money when the production was less than half of current HBR and oil at $40-$50.
With current production, oil price, gas price, dividends and buybacks, how can it still be less than 20p in old money!
Considering the possibility of HBR becoming debt free by next year, serious re-rate is due.
Any special dividends next week should cement our share price at 500p, which is just 25p in old money!

Just need some more patience.

the trend now is that UK shares don't react to positive news, for example, for Moody's upgraded rating to stable for RR.
If a bloody JP Morgan analyst calls out a finger in the air number then SP tanks by 3%-5%.
UK shares tank for any bad news even if the news is not directly related to RR.
3.5% drop today is ridiculous despite Moody's is telling you that RR is now in a stable investment grade.
US hedge funds have gone short on FTSE 100. There is no way to counter that.
Add to it our shambolic govt policies.
Govt is OK to let the interest rate rise but do not want to back off from supporting the war, which is what is causing all this inflation to go up. Govt is happy to spend even billions supporting the war but wants BoE to control the inflation.
Why don't they lock up everyone like in Pandemic so that no one will spend on anything and demand dies down and prices will come down ? It is bloody ridiculous logic that increasing the rates will reduce the spending and thus reduce the inflation? BoE should tell the govt to stop supporting the war and that will halve the inflation figures immediately.

Mooky should have done the equity raise when the share price was at £1 in covid time. Many companies did. Probably he didn't either because he was advised that no one would participate due to lockdowns killing cinemas forever or he didn't raise because his own shares would get diluted.

They are talking about dilution rather than talking about defaults and debt payments. It may end up in Administration or may be not. It will take 2-3 yrs for CINE to rise again if they manage to avoid default on their debt payments. It could also very well be a strategy to portray to the market that CINE position is dismal so that it favours them in the court case for Cineplex. We may not hear from CINE until the Sep 22nd RNS or they may indeed do a massive share dilution before then. Is it Sep 22nd for the results?

now don't tell me that RR paid millions to Moody to give a stable rating!