Member Info for sudnal

Dogger, What's your position here? Do you have a holding or just making a passing comment.

Dont do anything stupid buddy..Its only money, you can earn back...

https://www.wsj.com/articles/regal-cinemas-owner-cineworld-prepares-for-bankruptcy-filing-11660910944?mod=newsviewer_click

Not sure of the authenticity of the article though...

I will add and hold at these levels...6.4% shorts means they need to buy 6.4 million shares...They've had enough gains already and i suspect they will have to cover them now..

At this rate of 5P drop a day, it will probably be over in 13 working days relieving everyone of continued misery.

It's a utter disgrace to accept this offer for 110p. BOD will definitely know more about the business, but this is unethical. Why did they reject offers for 130p and 138p earlier, which i believe was undervaluing the business. Absolute **** show.

What's are the prospects with this, looks like the last results were good. Not sure why the price has dwindled since though. Probably more with the outlook.

Not sure why people call this an over-reaction. If auditors have raised concerns, that actually means what's reported thus far is cooked. What confidence does anyone have that debt position remains the same. We've heard the same with NMC Health a FTSE 100 company which has strong regulations and governance going bust in a short timeframe. Hence i would be cautious here. Its your hard earned money at the end of the day, it's your risk.

This donkey drops the fastest compared to others the market goes down...

I have taken a position of 4,100 shares at 186.2, thinking it was a market overreaction. Solid company with debt being the problem, but i guess with the FCF they are generating it should be manageable. Also company pays dividend which is a big plus for me in the current market situation. Time will tell, if my assumptions were correct.

What's this Euphoria for? Its only 70p. This was at £8, 18 months ago, lost circa 91% in value.

This does appear way oversold on the face of it. EBITDA reduction from £140-150mn reduced to £120mn doesn't warrant a 48% drop IMO. 120m ebitda guidance and come in at 100m.A 10x multiple gives an enterprise value of 1bn. Currently 650m + 140m debt = 790m. So a 25-35% potential to get to what looks a conservative valuation.

What a disaster this has been. Just when i thought it may not go lower, it always tests lower lows pretty much every other week. Clearly markets have lost confidence in the management after their disastrous acquisition of GRUB (brought at $7bn odd 18 months ago and trying to offload now at $1bn as per press and still no takers). A solid case study on absolute destruction of shareholder's wealth.

What a disaster this has been? Testing lower lows every month and it appears that market has lost confidence in the management to deliver the outcomes. The macro economics and inflationary pressures are not helping either.

Blackrock i suspect definitely knows more than all PIs as they own a sizeable stake in the company before which they have reduced earlier this year at 195p. Is it not a conflict that they now short the company on the otherside proving the theory that share price will fall. Some people might call it hedging, but not sure how this can be legitimate.

For the record, im not shorting shares and havent shorted any shares in my lifetime. I am just reading the market conditions - with increasing interest rates, families tightening belts, i suspect next quarter results will be even more bad and there are not triggers here in the short term except a suitor wanting to buy GRUB or iFOOD. The share has reached my predicted zone faster than i thought it would.

There is no good news in the near future and with shrinking margins and board room shakeup. This will keep testing lows until £15-£17 IMO.

Honestly, doesn't make a good reading.

https://www.straitstimes.com/business/companies-markets/just-eat-coo-under-investigation-for-misconduct-at-company-event

With the chair not nominating himself, other funds angry on CFO and senior management for mismanagement and forecasting incorrect numbers, its not going looking good in the short term and i suspect this will drop to £15-£17 (barring acquisition interest from external parties)

No amount of activism is able to hold the price. Recent results are yet another profit warning and admission that they've swallowed too much more they can digest and wanted to get rid of GRUBHUB. This loss making business with huge revenues requires a different breed of managers to navigate these stormy waters. That said removal of management team will cause instability in the short term and that new management might come and do a kitchen sinking job. Suspect this might drift downwards in the short term to £15 before recovering.