Member Info for TheBeerStalker

Very happy for you long term holders today - genuinely; what a day after weeks of bad news. Can only help with debt covenant waiver negotiations moving forwards and then you can look at the road to recovery. I’m not tempted to jump back on board, (I’ve got more than enough exposure to similar possible bounce-back stocks) but will keep an eye on this one, hoping it makes a good recovery.

Jumped on board with this share today at 833 for the first time. I’m not averse to risk in the search for reward. As soon as people can have a holiday, and feel it can be safely managed, they will be queuing round the block to do so. I appreciate the mood music isn’t in line with positive sentiment on this score right now, but I think that will change, and will be hanging in there.

@dimi123
Thanks for sharing the link. Enjoyed listening to it whilst ‘multi-tasking’. We all understand the potential upside, which is why we are invested - hopefully, none that have invested are banking on it though.

I don’t think people deramp because they have sold shares and want their decision supported by a fall in share price. Much more likely they have a short position, so they have a vested interest in price drops, so they actively deramp.

Anyway, my take on it is that the mood music on vaccines has improved a lot over the last fortnight, which was 1 of the 2 main factors, needed for CINE to survive and move forward.

The second is securing extensions to debt/ covenant waivers. Whilst the debt is massive, positive sentiment on the vaccine may well translate into CINE being able to renegotiate this sufficiently to tide them through to stronger times. I expect they will secure their support of their creditors, and that they will ultimately pull through, but it will be a tough couple of years, as when they can get audiences back, much of the revenues generated at first will be allocated to addressing debt.

For me, it is too risky to have any position right now, and I won’t be buying back in, as there are a lot of other shares that I feel have good growth potential without the same risk. That said, respect to those of you who are invested, and I hope it all works out for you, and believe it ultimately will. Good luck.

I’ve held this share for a few months now, so experienced some pretty heavy turbulence without being in the air. Not really certain why anyone would short it now, and am even considering topping up soon, if the price remains at around £1.

Steve
I am an amateur retail investor. I have been trading stocks and commodities for less than a year. I am trying to learn fast. I am a long established expert in my field in the commercial property world, and am fortunate to have knowledgeable contacts in finance to whom I can pose questions, when I get the chance. CINE is an interesting case study for me as it was in my first batch of share purchases. Its as simple as that. The BB on CINE is very active and quite fun to follow. TBH, I’d rather be trying to work out if my position on Wetherspoons is going to result in me getting rinsed tomorrow, but that BB is not very active, so I keep track on CINE which is fiercely debated.

@drifty69
You detail the numerous institutions with large CINE holdings, and conclude that as they are not selling, they must have confidence that CINE has good prospects of pulling through this. Without meaning to deramp, I suspect that you and others subscribing to this view have not considered the likelihood that the large institutional investors have credit default swaps in place. I am no expert on these, but I understand that they effectively act as an insurance policy that these investors will get paid out if CINE fails, and if the price they get paid is higher than the shares are now, then they will sit tight and wait. As stated, I am no expert on CDS instruments, but am reliably informed that they are used by institutional investors to protect themselves in such investments..

I’m new to this share, bought in on Friday at 200. Glad to be on board, and used to having some shares that require patience. Looking forward to monitoring and learning more about this market, now I have a vested interest.

@ocean passage
I don’t “know” that the share price will rise, nor does anyone, if I did “know” that, surely I should wager every last penny on it, in the certainty I would reap the rewards. It’s just your opinion that it will rise. My thinking is it could go either way, and right now, I expect it to fluctuate, as I don’t see any fact between now and last Monday as to why it should be almost double what it dropped to at its low point, let alone be certain it will definitely push onwards and upwards from here.

@PinkEye
Re comment on Boix going short....whether you or others accept it or not, there is a realistic possibility that CINE won’t make it through this in its current guise, and some are of the opinion that CINE is up against it and will fail, despite all your valid opinions as to why it will pull through.

Going short on a stock in a leveraged position makes you no more or less sensitive to fluctuations in that stock than being leveraged long on a stock - I should know, as I’m currently leveraged long on Morisson’s and leveraged short on Wetherspoons, and am equally sensitive to fluctuations in either share.

Interesting article this AM on the sector, focused primarily on AMC’s bond issue update, that touches on CINE’s strategy as a contrast to AMC.

Well all I can say is I should have listened to the derampers earlier, and I’m glad I sold my shares when I did.

All this bull about things picking up in Jan 21. Many of the UK CINE clientele will be unemployed, or too scared to leave their homes. It’s hardly going to be a great night out for others with all the social distancing measures etc., when they do open, and what about a third wave, and fears of it.

Feels to me Ike the vultures are circling. Any retail investor putting money in now is on a high risk strategy, and is not doing so on a level playing field with Morgan Stanley, Jhango.

Let the next chapter unfold next week.

@Birtles
No one can state you haven’t told it as it is, desperately sad though it is. Truth is, plenty of retail investors, including me, bought in to this share and similar ones underestimating how long it would take for COVID 19 to be brought into control. News in late spring and early summer from China did not indicate we would be where we now are. I bailed out at 41.8 on 25 September having entered at 59.8.

How can any clown on here logically conclude it is a good positive thing for CINE to have to be shutting up shop for the foreseeable future, generating no revenues at all, when to open up means they would be losing even more money? It is by definition an appalling predicament.

Staying open is about mitigating losses, however CINE, has concluded it more expensive to stay open than pull down the shutters for the foreseeable future, which would be hugely concerning to anyone who knows anything about running a business. IMO, the only hopes are that CINE persuades the Governments in the countries it operates that it is a vital component of successful town/ shopping centres, a major employer, and that its loss would be felt economically way beyond its own offering, combined with debt covenant waivers.

I think there is a future for cinema, once we can return to the pre-COVID habits, the question is whether CINE can see itself through to those better times, whenever they are, with the challenge being its astronomical debt in unpredictable times.

@taiz
Suspend the shares because some investors have ignored all the warning signs in recent weeks, believing their own daft hype, blinkering out the facts and chastising the likes of indepthwins, who has merely played devils advocate questioning predictions on here of £1 plus for certain by Christmas: give it a rest. It would be more appropriate to route out the rampers on here that have spewed out nonsense, amounting to investment advice, rather than caveating it as opinion, that may have influenced novice retail investors to stay in this share.

@indepthwins

Thankfully, I was not too heavily invested. As stated lesson learned, and the losses were immaterial in the grand scheme of things.

I do wonder whether some of the posters on this share are so blinkered that they actually believe their own hype around how this share is without question destined for imminent enhanced performance. It gives me no pleasure to see a business like CINE on its knees due to no fault of its own, nor those who’ve pumped substantial sums into its shares suffering heavy losses, so my wishes of good luck are genuine.

Got out of this share last Friday, crystallising a loss, which I don’t like doing. It felt like it was going to go the same way as IAG, which unfortunately, I’m invested in. Have to say, the constant chastisement of any negative comments from posters that refuted £1 or £1.50 by Christmas over the weeks was not helpful in making rational decisions, and it looks like those questioning whether CINE is such a great share had valid points. I got mugged into believing the hype on here around Mooky’s speech will lift the shares, profits at 10% capacity and Tenet being the white knight to put CINE back on track - I should have known better; lesson learned. Good luck to those with more nerve than I had.

Bought in last week at 811, and I am very glad to be on board....but I’m pretty fickle, and will trade on as soon as the time feels right in these unusual times. I will dip in and out with the market, with a view to a long term hold in this share.

Good performance today. Didn’t really get why it slipped in the way it has done over the last fortnight. Still a fair bit of catching up needed for me to break even again though....and that wasn’t the objective of investing in the first place.