Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Thereās never a bad time for the Cine rocket! Haha.
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FYI what I described is called a Bed and ISA.
Yes you do need to wait for 30 days before buying again if you want the chargeable event in this tax year. If you repurchase within 30 days your original cost price will be used when you sell again (and tax wouldnāt be due for this financial year). You can get around this by buying within an ISA. ISA are tax exempt so your gain will be the sale outside of the ISA, regardless of whether you buy again within the ISS.
Youād think if theyāre seriously attempting to scare people/bring prices down theyāll at least try and discuss something relevant rather than randomly state thereās not going to be dividends for a while (like most other stocks currently!).
I doubt this will be much over 160 in the short/medium term. Cineworld was about 180-190 before Covid hit (it was about 220 until it was announced the now cancelled takeover was going to be entirely debt funded). The takeover is now not happening but more debt has been taken on during lockdowns. On top of this there is 10% dilution on the table as part of the previous funding agreement. Therefore I see no reason for this to exceed pre pandemic prices. If it does great, Iāll take my profits but I donāt think it will sustain unless Iāve missed anything? Still a good buy IMO with 40-50% uplift potential on current prices by the end of the year.
Furlough is there to try and stop mass redundancies before the economy opens up again. Businesses wonāt be opening at full capacity straight away with no restrictions hence why some people may be on furlough for a bit longer. I bought in quite heavily in the 20s and CINE still a good buy in my opinion. Still quite likely a 40-50% return on current prices over the next few months.
I think they should be focusing on rebuilding employment rather than hiking up the costs of employment right now. Surely a minimum wage that high will see big layoffs for those in low skill jobs and an increase in automation of some sort?
Just because the incentive plan goes up to Ā£3.80 doesnāt mean thatās what is going to happen. I think it will stick around Ā£1.60-Ā£1.80 in the medium term for quite a while. If it does go that high though then great :).
@unitopay
Assuming you will be going over the annual allowance you could do something called āBed and ISAā. This is where you sell your shares and transfer the funds to an ISA. You then repurchase the same shares within the ISA. The 30 day rule does not apply when you do this as ISAs are CGT exempt. Therefore the gain is recognised when you sell the shares outside the ISA. Once in the ISA any dividends and gains are CGT exempt (but so are any losses).
Iām in the same situation as you. Iām split between an ISA and normal account. Originally planned to split the non-ISA gain across multiple tax years but with the potential upcoming hike in CGT and removal of annual allowance this may not work!
You can offset any losses in the year against gains. Any losses in previous years can be carried forward into this year and offset. To clarify, these losses and gains are realised. If you have paper losses you canāt use these to offset your realised gains.
To be fair their strategy is mainly to buy into companies that have solid financing/fundamentals and hold long term/forever for the dividend yields. Cineworld does not provide this in its current state so obviously they wonāt buy. I donāt think we can accuse them of being wrong, just buying Cineworld shares doesnāt fit in with their strategy currently. Obviously theyāve missed out but if they donāt want the risk thatās it.
Reddit will be having next to no impact. I looked and itās a small bunch of people mainly buying Ā£10/20/50 worth of shares at a time.
Woop woop. My average is in the 20s so Iām in a good mood today :). Time to roll out the Cine rocket again (I know the price isnāt going to rocket right now I just like it!).
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I think itās fuelled by jealousy or lack of understanding. To achieve a stable share price of Ā£1.90 or in the coming months/years the directors will need to put work in. With added debt from Covid and the legal case regarding the failed takeover I wouldnāt expect maintaining a pre-Covid share price easy. I hope they are very successful (IMO they will be) and get their shares.
Demand has been artificially held back in the economy so I doubt very much there is going to be a big recession, quite the opposite.
Never heard of Sky Cinema but now you mention it it makes sense. IMO it should be law that they have to declare stuff like this when writing related articles.
Not sure why the media think there has been so much outrage over the bonus incentive scheme when 70% of shareholders approved it. This is also the article draft/(IDW?) copied and pasted from yesterday :).
https://www.thetimes.co.uk/article/cineworld-top-brass-tip-logic-on-its-head-z6ghcr96z
https://archive.vn/ddRtC
Thanks for repeating what we already know. Hope the share price rises and the brothers receive their shares.
Looks promising. If they allow pubs to open even without alcohol, it will be hard for them to justify keeping other restaurants/leisure facilities closed.
Iād buy surprised if we arenāt open in some sort of way by the end of May. Vaccinations should have taken a large hold against the virus by then and people will be desperate to get out once spring/summer comes.