Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Johnht, to be fair, I think you make some very valid points and come across a lot better than others who believe that the share price will fall a lot further. So kudos to you for some decent content shared. It is always good to have a proper debate, which is the whole reason this BB exists I guess?
In all honesty, I don't think either side of this debate can be that confident in their 'short term' predictions, which is very understandable in this time of uncertainty.
Of course there is a chance that the share price could fall further and I wouldn't disagree with you on these points until there is a stimulus to push it back in the other direction. Whether this stimulus arrives thursday or not, time will tell.
If the news is less severe than expected on thursday then the price should rise, but the recent uncertainty of the direction of the pandemic is terrible timing and will probably prevent the share price from spiking as high as it could and maybe should.
But we will see!!
I am confident that Thursday will present good news for us Cine investors and I do still believe that the price will probably bottom out tomorrow before a nervy rise on wednesday pre release of data. Hence some large players holding and building there holding over the past two weeks.
Following thursdays announcements I think the share price's direction will very much depend on the US numbers, covid measures and vaccine approval this year, not on the UK figures. All of which could go in either direction. So Cine is a big gamble, but could reward investors betting for or against in big ways.
Woudn't it be nice if the share price bottomed out tomorrow and all those short positions closed (having made a decent profit themselves) and then the share price continued to rise from that point on with positive covid news and us long term investors saw our accounts back in the green for xmas!! Wishful thinking maybe ;-)
My view does remain the same. Even in the event of (what I see as) a worst case scenario, with further local or even national lockdowns continuing to the new year, Cine have enough access to cash to remain in operational and ready to take advantage of a massive backlog of films in 2021. When people will be super keen to get out and about again. With Cine benefitting particularly in the initial winter months of early 2021.
Our industry pivots on big blockbuster releases, so when this gets back into full swing then the share price WILL recover. Maybe not back to 2019 levels, but certainly a lot lot higher than we have seen over the past 6 months. So any investors who are in the red, just hold tight and ride out the storm. It will come good!
All that aside, I still believe that early 2021 will see a studio make a move for a big cinema chain (not naming names on either side!). Once this happens other studio will be forced to follow suit or miss out!! Watch this space!!
All IMHO and I wish everyone invested in this share the best for this week and
@johnht
I do not see any personal insults on this thread. Simply two investors asking for your explanation on why you think the RNS from GS today is a bad thing.
I think we would both be interested to know why you think this. This is not a personal insult, quite the opposite.
If you have no explanation then this could easily discredit your initial comment...
It’s interesting that you have no response to this @johnht ........
A lot of assumptions there John.
At present infection rates across the US are falling.
Of course there will be second waves... we’re heading into flu season.... this is a given!
However the way the infection rates are being managed is key.... and avoiding widespread lockdowns is key to economies.
There is no point in spouting garbage about infections increasing during flu season. A five year old could tell you that.
If you want to give something useful to the thread then comment on how the virus is being managed.
It’s interesting that the UK government briefing at 11am today said the contrary..... they have said that the effectiveness of vaccines in development is looking ever more promising and that we could see a vaccine issued to key workers by the end of the year......
@johnht
Are you able to explain exactly why that RNS is bad news please?
@johnht
I was under the impression that infection rates were falling rapidly and that death rates were too?
I’m talking about the country where 75% of our screens exist and not where less than 15% of our screens exist.
States continuing to reopen... surely this is GOOD news for Cine investors?? Why would you think there is bad news?
I think you’re view on Cine must be very limited.
Are you aware of the spread of the business??
RNS from GS...... decrease in financial instruments increase in holding.......... interesting!
And there’s the RNS!!
Uk government update on vaccines states that good progress is being made in the hunt for an approved vaccine. Although no vaccine approved yet, the data is looking positive and there are a number of vaccines that have shown a protective response to the virus.
There is a good chance that a vaccine will be available to key workers by the end of the year!
Well that’s good news if there ever was any! Particularly as CINE has stated that they have enough liquidity to remain closed until 2021, by which time it is looking far more likely that we will have a vaccine being rolled out to the larger population.
IMHO this gives CINE great long term prospects even if the share price struggles over the next couple of months.
It’s interesting that other markets have been hit harder than Cine.... could this be a sign that the Cine share is holding a little stronger than others because results on Thursday won’t be as severe as expected and there could be a small spike end of the week?
Let’s also remember that we are still a prime target for a studio takeover. So at any point over the coming months we could see the value of our shares jump very quickly!
For various reasons I suspect that this could happen in the spring although this would be a prime time for a hostile takeover... so maybe a March jump? Imho.
Fair play to the shorters, who no doubt are making some serious money this week. Well done you guys, I don’t hold any grudges as you are here to make money just as we are.
Whilst this week will be very very volatile, I am still holding my position in Cine as I still believe that the company still has great long term prospects.
It will be interesting to know where the £11m worth of shares sold at the end of the day on Friday ended up. I was very much hoping for an RNS today.... but let’s see if we get one. If we don’t then interestingly Jangho and the other larger shareholders have held their positions too (although MS have a large part of their holding in financial instruments!)
Let’s remember that 75% of Cine theatres are in the US (and let’s keep fingers crossed that those cases continue to fall and that NY opens soon).
But UK government briefing is happening right now.... so we’ll know a bit more about the UK government plan over the coming weeks....
Another big sell just popped up.... £3m!! Big movements being revealed! RNS soon I imagine and it might start to make more sense...
REMINDER***
To OceanPassage and the other very amateur derampers. Please do remember that this is in fact (believe it or not) a BB for CINEWORLD.
It's NOT a BB to share live CORONAVIRUS UPDATES from the UK. We can all check worldometer if we want this.
I'm getting rather bored of seeing irrelevant Covid content thrust down investors throats. We are all aware that numbers are increasing in the UK, but we are also aware of the facts that relate to these numbers and the small impact this will have on UK cinemas at present.
You may wish to consider that if Cinemas remain open and other venues such as pubs/bars close, then it could be a positive for the UK cinemas.
PLEASE ALSO REMEMBER that CINEWORLD is largely US based, in fact close to 75% of our venues are in the USA. So UK covid restrictions (that currently DO NOT affect cinemas and may never affect cinemas) have a small affect on our overall revenue.
Only 15% of our screens are in the UK and local lockdowns only affect a small number of these.
So your deramping by means of Covid 19 data is a very very poor attempt at disrupting this thread. If I was your boss I would be mightily disappointed in the content your are posting. I certainly wouldn't pay you for such posts.
Please find some relevant information that would negatively affect our share price and then and ONLY then will we pay attention. For the record, I don't mind hearing the negative news, it's also very important. BUT stop with the irrelevant rubbish.
Thanks.
ps Great news that Mooky made an appearance today. Great news that MS are increasing their holding substantially (even though their games of late have been very questionable) and great news coming from AMC about numbers and takings! Thanks to all the people that have shared that very relevant information!
More blues than reds beginning to roll in. The buys are starting to outweigh the sells, let's hope this continues for the rest of the day.
@Secretly. I'm sure there are lot's of people here that have dreamt the share price increases to £50 a share! Unfortunately dreams are not reality and you should really keep them to yourself and not post nonsense on a platform like this.
@91Jonmo I completely agree with you bud. We need to all be sensible and help each other by sharing decent credible content.
@Hosai, I don't blame you for that assumption and I am inclined to think the same!
I guess it all depends on how far Cine have managed to go in stemming cash burn in comparison to AMC.
I read that AMC struck some incredible deals with landlords to defer rent payments etc etc. So.... let's hope, and trust, that Cine have been as bullish with negotiations! There are plenty of other ways we could have reduced overheads during the lockdown period, such as zero hour contracts etc, so let's keep our fingers crossed for some good news on 24th!! I really hope that you and all the other investors are rewarded for the patience and loyalty my friend.
@Secretly what financial experience do you have to make such a prediction? Do you have any letters after your name? and what basis are you making this claim on? What do you do for work?
Just spouting numbers without any evidence to back up your post is screaming INEXPERIENCE and DO NOT TRUST this person to me and everyone on this thread.
If you are a paid deramper then your boss must be pretty disappointed in the quality of your posts.
It was only a few days ago you were telling us all that you were completely new to investing and wanting advice. If you are new to investing then please don't try and advise others.
I took up pilate last week, but there's no way I'm going to be holding my own pilate classes at the village hall tonight!
Does that help?