Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Btw I don’t necessarily see it as a negative.
The three institutions reducing their holdings are thought by many to manipulate and short the stock. I’m happy for them to take their money elsewhere.
It would be nice if their shares are being scooped up by Jangho or the like....
@investeroid
I think we were just taking time to interpret.
What’s your take on it then?
I realise you are a derampers. So it would be interesting to see why you think the RNS’s are negative? And what you think the impact will be on the share price? Also why you think they have reduced their holdings?
@stuartv I tend to agree. I think the 10pm curfew applies to all hospitality venues (that was my take on it).
But to me that’s a positive for the 15% of Cine business based in the UK. They can trade under Covid guidelines until 10pm.
There no doubt will be grey areas... like ‘is the last entry 10pm’? Do they stop serving food at 10pm but customers stay until their film is finished??
If that’s the case then the impact on opening hours is tiny!
Yes they’ve reduced their positions, in particular their financial instruments. Could be interpreted either as positive or negative! Although this happened Thurs/Friday (hence the big sells).
Interesting!
Will be more interesting to see what happens on today’s positive sentiment and in the lead up to Thursday!
I think more RNS’s will follow soon.
Thanks, much appreciated. Great post.
Right let’s get to interpreting these RNS’s! Looks like the movement we saw on Friday is about to be explained!
Great news! Is there a link you can share HMM? Thanks for the post.
I have been in meetings all day so haven’t yet had a chance to listen to Borris’ statements. However, this seems like excellent news for Cine. It’s about time we had some good news. Let’s hope this positive sentiment continues through results day Thursday! I’m really glad for all the loyal investors who are holding their nerve and haven’t been scared into giving up their holding. I really hope Thursday continues to reward you guys.
@johnycoder
Please re-read my posts. Not once have I ever said, in any of my posts, that I believe the share price will jump to £1 within any timescale.
My earlier post simply stated it is more likely to hit £1 that it is 5p. A comment I stand by and I think you would agree with too if you’re honest with us.
If you want my opinion on what the share price will be come Friday then my answer is higher than it is now. How much depends on the results, on short positions closing and on any potential industry news that Mooky has to offer. I would be very pleased if it jumped over 25%. All imho.
@prayfor I think you have some sound thinking there. If you want to day trade or short, the risks are much higher. Hats off to those who make good money from jumping in and out of shares but like you say, they risk missing the boat on a big jump in price. I see Cine as a very low risk long term investment but not as a short term investment at the moment.
@johnycoder
Like most people invested or not, I believe the results are not going to be comfortable reading. However, I am one who believes that the stemming of cash burn will result in the financials not being as bad as expected. I fully expect the share price to increase on Thursday by a good amount and there to be some panick buying by the short positions.
Let’s see what the big boys do today and tomorrow with their short positions. If they begin to close, like one did yesterday, then perhaps they fear better than expected results and are mitigating their risk....
if you’re shorting the stock and you see the short positions close today and tomorrow then my advice to you would be to do exactly that bud.
On another note...... why is it that you feel the increased UK Covid measures are so instrumental in Cine’s revenue?? Surely you should be concentrating more on the lions share of our sites in the US??
@johnycoder really???!! Your imaginary world is a lovely thought, but unfortunately nobody has a magic 8ball. If we did then we would be very rich!
You cannot possibly advise anybody that by shorting they will make 10x their investment.
I’m with prayfor, there is actually a far greater chance of hitting £1 and it’s not likely to do that for a while yet!!
@johnht
I fear that isn’t a serious question. I know you’re not uneducated. So why would you question anyone holding onto shares 48 hours before financial results are distributed?
A serious question from me. What are your intentions being on this bb? Are you shorting the stock and hoping that your comments have an impact on the share price? Or are you genuinely trying to help investors by giving honest advice?
Roger that @mark44085 we mustn't get ourselves into legal issues over inside info (I'm guessing Mickey counts as an insider right?!)
@Johnygaddar did Mickey Mouse himself tell you the news?
@mark44085 I heard it was Netflix again?!
@johnygaddar if you're right we'll all take you down the pub Friday for a slap up meal and drinks on us ;-)
.....hmmmm providing there's only 6 of us and pubs are still allowed to be open! FML!
@Moola, it's a shot in the dark from JohnyG but it would make me smile if we were copying and pasting this link thursday afternoon!
Interesting Johny..... what makes you believe this?
I mean, I really hope this comes true (as I am a Cine investor), but is there anything that substantiates your claim or an article that suggests it?
Good luck with those meetings bud (let's hope they are about closing your short positions hey ;-) )
Have a great night all. Over and out for the day!
I think that borrowing is always in favour of the lender ;-) why else would they lend?! I also think that it's a very good time to borrow at the moment, so I'm not too worried on this front.
Mooky is a very shrewd businessman, he drives a hard bargain as do all Israeli's ;-) so I trust that he has managed to stem cash burn at every opportunity and restructured borrowing wisely. As he has with his holding's company. A 3 year break from borrowing fees to ride out the pandemic is good business! Particularly in view of the removal of dividends that would normally cover these fees.
I'm very much looking forward to Thursday. It feels like a reveal of gigantic proportion!
BTW it's nice to have a debate with someone without falling into playground insults, so thank you. I hope others on here are able to refrain from throwing insults across the table too. It really brings the BB standard down.
The reduction of shorts is always a good thing. However, it would be great to see another institution follow suit and do the same. If that happens then we might start to see the short squeeze we've been hoping for.
Valid point Johnht about freeing up capital, that could be a position they are taking. However, my gut is telling me that they are covering the possibility of better than expected poor results. My hope is that the other short positions do the same! Good luck with your position sir, although I hope you're wrong on this occasion!