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It will likely go to 20/30p now and then go back up if and when there is confirmation that banks have agreed to waive the covenant tests and additional liquidity has been arranged. Sad times for Cineworld and the cinema industry as a whole.
What sort of effect on the share price is this likely to have on Monday morning? Sounds like a sensible cost saving decision by the management to reduce from 24 months to the industry standard 12 months. That would likely be perceived as a positive by investors. However, the threat of potential strike action by the union is obviously a negative.
Just seen the Bond news. It’s going to be an absolute bloodbath on Monday morning.
I'm no physicist either... although I have previously read A Brief History of Time! However, for entertainment, I'll take a shot at this one.
The distance between the two entangled particles may be large in 3 dimensional space, but what about the possibility of additional dimensions where what we think of as distance does not exist as a concept. Kind of like the same way you can theoretically take a shortcut through spacetime via a wormhole according to general relativity.
Good old Heisenburger.
Fair point. Not to mention the actual product is much cheaper at Card Factory than places like Moonpig. Moonpig has got the coolness factor and the awareness of their website is good due to the TV advertising. If Card can make their brand look a bit more cool and raise awareness of their website, they should be in good shape going forward.
This has been flying over the past week.
Agreed. Not the most convincing buy in from a highly paid insider.
Yes. What Einstein referred to as "spooky action at a distance" has always baffled me as well. I think it probably indicates that there are extra dimensions to the universe that are not currently known or understood that facilitate this kind of instant communication over long distances.
Surprised they have only just started to incorporate click and collect. It shows they haven't really been maximising the full potential of the online offering in previous years.
Good analysis and first post. In addition to the obvious recovery play, I think there's good potential for earnings growth over the next few years. Particularly if they get a good CEO in.
Happy to be corrected on this, but I believe Mr Blair aka Teflon Tony was pushing for us to join during the New Labour era, but Mr Brown pushed back on this because the five economic tests he set had not been met. That proved to be a very wise decision given what subsequently happened in 2008.
Tend to agree with most of that, mdun. When do you think interest and volume is going to pick up with this stock? Doesn't seem to be much news on the horizon now until January unless they manage to find a new CEO.
Who's idea was it to try and incorporate 19 disparate economies into one enormous currency zone. Thank you for ensuring we did not participate, Mr Brown.
Let's now see how committed our great leader really is to his full fibre for all broadband rollout pledge.
Looked promising this afternoon, but most of the gains given back in the last hour of trading.
Interesting observation.
The share prices across most of the UK banking sector seem to be doing well over the past few days. What is driving this? Is it because the press have reported that a brexit deal now looks more likely than previously thought?
There was no indication at all in the update that bankruptcy looked like a possibility. The update showed they had been managing costs well during the crisis and had good liquidity in place. They also have what looks like a reasonable transformation strategy.
Fair enough they have made a loss in the first half of the year, but assuming what they’re saying about store revenue over the past 4 weeks is an ongoing trend then they may break even or turn a small profit by year end.
Next year should see a return to profitability and perhaps the reinstatement of a dividend. At the current price and lower the potential dividend yield is very good once it returns.
I’m out for the time being because there just doesn’t seem to be much investor interest here at the moment and the price is drifting down. Hopefully I’ll get back in at a lower price. I could equally get caught out if the price spikes back up to 50p over the next week though. You never know. You pay your money, you make your choices.
I reevaluated my position based on the update they released. I still think it’s a strong buy if you’re going long and can wait until next year. There just doesn’t seem to be much interest in the stock or volume at the moment so I’m putting my money somewhere else and waiting for a lower entry point. DYOR