Member Info for Strike123

Let me repeat again -

Lenders approved the Cineplex deal in 2019 despite the high debt as they have seen that box office revenue for several years to come will be good enough for CINE to do the acquisition along with Regal acquisition.

Now with Cineplex acquisition cancelled and box office revenue recovering back to 2019 levels, there is no need for any capital raise or atleast not at the current low share price as enough capital will not be raised. Mooky didn't raise it last year when it was at £1 and neither lenders forced CINE to do one so can't see why they will do now.

livestock is getting roasted!
He missed the bottom and now desperate to post negative news in the hope that SP falls!

IAG will no doubt go back to 160p and above.
DailyMail and Independent can post whatever rubbish they want about airlines, this is very much undervalued.
Most likely 120p will be touched briefly tomorrow! GLA

"ure this will go down beyond JP morgan's target of 310p very soon"

Usually the opposite happens to what JP Morgan says! For example, they said Bitcoin would go to $200k in the beginning of this year :-)
Oil they said would go to $180 :-)
So EasyJet 310p ? It would probably go to 410p or 510p !

Last 3 months has proved how cinemas can earn big money for studios. Top Gun earned $1.2 bn for Paramount in over a month!

Cinema can earn such billion dollars for several years in the foreseeable future and it was the reason why lenders and shareholders approved Cineplex deal in 2019 despite the debt that CINE has!

Now that Cineplex deal is cancelled and if the case goes in favor of CINE or minimal damages then shorts will run for the hills.

May be some shorts will start to close seeing the billion dollar boxoffice for July and some could close as we get closer to the appeal date. They can't risk waiting for the appeal. Atleast some could close. Let's see...

Tomorrow RNS with a positive update would be nice!

crowded? If ITV acquires Channel 4 then ITV will dominate the TV advertising market by 70%!

Also now in recession and inflationary times, market is not looking at the growth companies! Market want to see which companies can still make money and pay dividends in the current dire economy. ITV perfectly fits as a value stock as it pays dividends and is making profits. Even better would be increasing that dividend.

When the cinemas were closed with streaming threat, CINE was still trading at over £1 and now cinemas are opened and there are big blockbuster releases coming in making billion dollar revenue like Spiderman, TopGun.

Investors are fleeing, shorts are attacking the companies and destroying companies valuation, destroying investors wealth and also destroying the lives of people who will get laid off as the companies goes under but I cannot see CINE going bust. There is a possibility of D4E at some point but Mooky might avoid that with his US listing option that was suggested last year.

When CINE made the payments to the lenders despite cinemas closed, why will it not be able to pay now when the cinemas are fully opened with a billion dollar box office revenue? This is what Mooky is trying to convince the lenders I think. Now the big headache is the cineplex court case, which if goes against Mooky then lenders would lose the patience and could pull the plug but Mooky will still try to convince the lenders and I guess he would succeed because CINE will appeal again in a different jurisdiction in a different country or the damages to be paid could be less than the initial award.

Also CINE mentioned about US listing as another alternative to refinance debt so there are options. Mooky got a waiver so far and if the court case goes in favour of CINE then CINE will cruise back to dizzy heights. CINE is in a much better shape than in pandemic. Lenders did not pull the plug in the pandemic despite the debt so can't see them doing now. Also the maturity of the loans are not until 2023/2024?

Luckily June has been the best month for box office and July is turning out to be another billion dollar revenue and that definitely helps Mooky in negotiations.

Let's hope that Mooky will pull this off. Just pray that the court appeal goes in CINE favour!

EZJ would report loss in the update coming in 2 weeks but it is already priced in.
In the June 20th update, EZJ updated about the cancellations and the cost increase and due to that update, it dropped from 400s to current price so to me I think all the bad news is priced in.

If EZJ can confirm that it still carried the passengers at 80% of 2019 levels then you can bet that market will like it.
Look at the flight data for EZJ, there is a flight every 5minutes and most are flying without cancellations atleast today -

https://www.flightstats.com/v2/flight-tracker/departures/LGW/U2?year=2022&month=7&date=14&hour=6

In old PMO price, current sp is at 16p, which was the price of PMO when oil was at $50! With oil now at double that price $100, SP should be atleast 400p. EIG is totally decimating the share price with their shenanigans. What irks me is that they issued RNS saying shares have only been transferred but not sold and at the same time say reduced the stake and all that ****.
They didn't mention when they would buyback their stake. It has to happen soon. Bloody Linda should make some big purchase with the loads of money that she got. Also what will happen to all the shares being bought through $200M buyback program? Will they be just cancelled?

I find his posts on oil price useful as I don't need to bother to check bloomberg for WTI price. I can read his post to know if oil price is up or down and also I can read other posts too while reading DBNO's oil price movement. Sometimes he posts on Friday evening too when UK market is closed but may be it helps others ?

Nutmeg, read the content of the articles before you post it here :-)
The graph shows how many EZJ cancelled as of July 5th compare to the known schedule as of june 14th and it comes to just 6% cancelled!!!
As per Jun 20th update, EZJ said they aim to fly daily 1750 flights across Europe and of that just 6% are cancelled! Don't you see that EZJ is doing very well?

I myself went to Paris in EZJ just 2 weeks back and flight did not cancel and there were other EZJ flights that were scheduled as well to depart although there was a delay but no cancellation!

Don't just blindly post articles to spread the FUD. Read it before you post it otherwise you are going to feel embarrassed...

results on 26th July

Shorts closing!
Why would they close the short with Citadel reducing the short if this is going to 200p as per the trolls here?

from 1.24% to 0.89%

We need to see how the results in 2 weeks time decide the SP direction.
EZJ may surprise the market with flying reaching to 80% of 2019 levels.
If it is then almost guarantee that SP will also head to 80% of 2019, which is 800p+!
Even if it is just 70% of 2019, you can expect that funds will start loading up at these bargain levels.

With atleast 70% capacity, it proves that inflation is not an issue for EZJ customers!
We took a hit with war and inflation and both are not effecting EZJ due to the level of demand for travel.

EZJ is definitely buy the dip for me. IMO

easyJet Partners With Milan Airports For More Sustainable Operations

https://simpleflying.com/easyjet-partners-milan-airports-sustainable-operations/

If EZJ can confirm that it is flying at 85% of 2019 levels despite the cancellations then I expect share price to start rising and will quickly get to 600p. Just last month, actually 3 weeks back on June 20th, EZJ said they expect to fly at 87% of 2019 levels carrying 22m passengers as of June 30th, 2022.

Despite all the headline news about cancellations, in 2 weeks time, on 26th July, if EZJ updates that it still carried 80-85% of 2019 levels then shorts are going to get burnt very badly!

Lawrence, can you please send the email IDs of those MPs to whom you sent the email this morning.

We all should email these bastards to put pressure on them to do something for our loss here. FCA are another useless bunch of idiots who do nothing. Whole stock market is a gamble. Can't believe our pensions are invested into this gambling house!

If ITV can confirm the dividends and may be increase in the dividend for next year then ITV will do a 10% rise easily. In the current market where market fears about earnings for the companies due to recession, ITV exceeding 2019 levels or atleast meets the 2019 earnings then am expecting a mammoth rise.

going yo-yo from 325 opening to 318 before RNS and then to 338p after RNS and now back to 324p.
Not sure what the panic is about.
Volatile due to trading by the large funds who are clueless as to where to take the price to.
May be those bloody idiots need to read these bulletin boards to understand that HBR debt will come down to under $1bn by year end and shareholders will be rewarded with hell amount of cash in the form of dividends.

Normal PIs like you and me will not be on the button to press buy one moment , sell another moment and then buy again and so on ?

NOFear, understand your frustration. Good that you sold at £5.20.
I didn't and many others in the hope that it will go up even further!
But HBR is definitely undervalued at current price. It is worth atleast £4.50 at current $100 oil and it should value even higher once the debt comes down to under $1bn and this H1 results could show debt near $1bn.

In 3 months to March this year, HBR reduced the debt by $600M and I guess it would be more than $600M the following 3 months so in the August results, the debt would easily come down to $1bn. By year end, HBR could be debt free!

In the run up to the results, we could see 400p and should start moving higher after the results. AIMO.