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There are a lot of people buying in on the back of these fantastic results. Today is the start of a massive rerate.
That is a big amount to put in. They must think the share is seriously undervalued to do this. Could be just a matter of holding and selling when the sp multiplies or it could be the start of a take over. Either way its good for us smaller shareholders
Those that sold out for a tiny proft/massive loss last week must be kicking themselves. A couple of them are trying to talk the sp down. End of the day it was their choice to sell. If they had done their homework they would have worked out the sp was due a massive rerate which is currently happening. I realize it must be hard to see all that potential profit that could have been had especially if you brought in the low 30's but end of the day whats done is done.
It actually seems a bit hypocritcal to buy in saying the sp will be over a pound soon and then when you have sold to say the sp will fall now. Pick one and stick with it lol.
64p- hoping to reqch break even today. At this rate I may even be in profit at 4.30pm
Please don't make stuff. Unless u know something others don't the sp for upcoming raise hasn't been disclosed. Could be 80p or 30p or 20p. No one knows yet
Been a nerve wracking 3 months or so but its finally paid off. Where are all the derampers now lol
Managed to average down from inital buy in price of 80p so sitting on 64p average after topping up in the 40's a few weeks back. The shorters will have started buying shares now to close their position. This is like a coiled spring. £1 will easily be hit and could even hit £1.50 this week. GLA but I dont think we need it. The previous time it was at a £1 was a few days from opening Regal but that wasnt set in stone. This time Regal is definitely going to open so tis rise will be bigger.
I predict daily double digit % rises until the 21st. Will definitelty hit £1 and may even get to £2.
The sad fact is the shorters have most likely brought in now hence the disappearance from this BB. Most likely won't see them post until they sell out.
Will be kicking themselves. Can't believe people sold out with only a few days left until reopening. The short positions will start closing now and this will only lead to furthermore upward pressure.
For the last time the lease liabilites are what CINE are set to pay for the leases they have left for their theatres/cinemas. This would normally come under depreciation but has now been classed as financial. But there is no interest on it and it does not need repaying in a lump sum like a normal debt/loan. It is normally under depreciation but has now been removed from there. Please just look at the latest annual report and try to figure out why the EBITDA has increased all of a sudden by $0.5bn. Its nothing more than an accouting overhaul which some people are putting a fake spin on.
I suppose they think if they keep repeating it, then it may become true
for crying out loud, I can't believe we are still having this figure of $7bn still trotted out. The net debt is $3.6bn. The rest of the so called debt is just a recalibration of the accounts. Even a simpleton can look at the annual report and see this "liability" has been moved from depreciation to financial bit on the accounts. This led to an increase in EBITDA from $1bn to $1.5bn but the de-rampers don't seem to acknowledge this fact.
Makes me laugh when people post negative things and try to back it up by explaining to the rest how the corporate world acts when they can't even read past rns's themselves lol
@Dreammachine- no point trying to act like you know how business's run when you don't even know that the bod have already done this and made the decision to secure finance in case they have to remain closed until the end of the year. just read the following
"The Group has also agreed the terms of $110m of additional liquidity through an increase in its revolving credit facility. In addition, the Company has secured credit committee approval to apply for an additional $45m through the CLBILS loan scheme in the UK and expects shortly to commence a process to access $25m through the US government CARES Act. Cineworld expects that this additional liquidity, to the extent required, will provide it with sufficient headroom to support the Group even in the unlikely event cinemas remain closed until the end of the year."
Doubt they will make anything on this. If you read what people are saying, many will just wait until it becomes available on normal disney+ in a few months. Why pay $30 to watch it on the same small screen when its free in about 3 months. The big screen would have been a different scenario but Disney will find this out the hard way
Mulan cost $200M with another $100M on marketing. At 30$ per download they need 10m downloads just to break even forget making a profit
Alot of people are getting scared it seems by the continual drop in the sp. In hinsight the best strategy would have been to buy in the 30's but no one has a crystal ball. One thing that hasn't changed though is that Regal is set to open doors on 21st. More importantly alot of states where Regal has a massive presence such as Colorado, Georgia, Indiana, Maryland, Massachusetts, Nevada, New Jersey, New York, North Carolina, Ohio, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Virginia and Washington are over the worst of the second wave and most if not all are ready to open on the 21st.
The bottom has been hit here, anyone selling now is just turning a paper loss into an actual loss. The upside till remains the same irregardless of current sp. Once Regal opens and CINE starts generating revenue then the sp wont stay in the 30's for long.
https://www.darkhorizons.com/regal-releases-upbeat-video-about-re-opening/
Halfway down the page
https://www.darkhorizons.com/regal-releases-upbeat-video-about-re-opening/
Looks like the re-opening is all set to go ahead on 21st August. Only 15 days left. Once we get closer to this the sp will explode. Whats even better is the huge short put on the share will eventually be need to closed by the shorters buying millions of shares which will lead to further upward presure. It has been a roller coaster ride over the last 2 months but the end is at sight. US covid cases were around the 70k daily mark about a week ago and are now around the 50k mark. in 15 days this could and should drop below 30k.
US Covid cases are declining. As long as this trend continues, and as long as the reopening is not delayed, then the share will start re-rating soon. The current share price is about as low as it can get so no point selling now especially as we are only two weeks away from Regal opening up which will then generate millions in cash just from the unlimited membership. The SP may still drift a little lower but the upside here is enormous.