Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Bonkers
“10:1 would be great at 2p a share! 20p and beyond very doable in the short to medium term! GLA!”
Whatever it is you’re smoking - I want some of it.
Send me the contact details of your pusher.
Reality Sucks!
Stuart
“What is the most amount of money someone has invested in this company”
Good question…
The answer is -whatever amount he invested, he lost the lot.
Hope that answers your erudite question
ATB
Toff
Jones
“Who should I invest in?”
After your Cineworld Investment Tragedy
Do you have any money left to invest?
If not I suggest you invest in a job.
And Now He Faces The Final Curtain!
Poorinvestor
“Just bought another £10k worth.”
Sure you did!
On your Demo account!
Jock
“This stock isn’t up your street don’t buy “
Ain’t that the truth!
Strap
“I joined this to learn....all I've learnt is not to back a sinking ship.”
Don’t underestimate that
It’s an extremely valuable lesson
About 80 percent of retail investors lose money. So whatever you do don’t follow any advice offered on these type of boards
Woolworths
HMV
Debenhams
And countless other failed business models.
All marked down to pennies or a fraction of…
All suspended
Shares untradable
Shareholders wiped out
Company BUST!
The league of deceased companies are ready to welcome Cineworld to the club…
Jones
“in the millions! In my opinion something is coming!”
The buys are shorters closing their positions.
But you’re right about something coming….
It’s spelt…
BANKRUPTCY
Tommy
“there is a clear over-exaggeration of their current position today and the actual likelihood they will survive.”
You sound like someone desperately trying to persuade themself their Cineworld investment catastrophe will still come good in the end.
Aren’t you aware the curtain could come down on Cineworld any day - the shares could be suspended after market close today.
In denial to the bitter end!
It’s up there with…
The Texas Chainsaw Massacre
Except this time round investors are getting massacred!
Poker
“Panmore just seem to have updated an out of date figure of 300p”
That’s the beancounters following the shareprice not the shareprice following the beancounters.
To save themselves from humiliation…
How often do you see that in uk markets!
I remember PG had Woolworths as a buy a few days before it went bust.
Should have read
I’m also glad I only took out a small position.
I can’t seem to write a post without mistakes these days. Hope dementia not on the way:)
Poker
I usually avoid the retail sector but I do have a small position in Halfords. As retailers go, the business model is strong and diversified. I like the fact they took National over and expanded the business. But I’m also glad I only took out a same position because retail stocks seem to get trashed more than most, with good reason mostly, but not so with Halfords IMO.
Kvetching
“Panmure & all so called brokers targets should be ignored, “
You are so right in what you say. The people responsible for these figures are brain-dead beancounters. They lack the ability to do any real job so end up as analysts (beancounters)
Once you start listening to these non-entities your trading days are over. In my considerable experience the average retail investor can form better conclusion than the average beancounter - yes they really are that bad!
Lvu
“I think it will go down to 1p and then a slow trickle into the 0.43p,then all over.”
No that’s not the way it works. It’ll be suspended overnight. (Probably over this weekend) Debenhams for example was still around 3/4p when it got suspended
This foolish idea that shares have to fall to a fraction of a penny before getting suspended is only believed by hardcore novices.
HD
‘there are employees of Cineworld who, through no fault of their own’ will lose their jobs.
You’re talking trash. Every cinema in the land isn’t going to close down because Cineworld went bust. They will be sold as ongoing concerns. The demand for cinema remains and so will the cinemas.
Cineworld didn’t go bust because of the business, they went bust because of the appalling way in which it was run.
Retail investors.
I wouldn’t like to be holding this one over the weekend. I would be very surprised if it wasn’t suspended after today, given the intense speculation and volatility. It’s highly likely today will be the last trading day. IMO
Sushi
“Cinema is dead but someone will get the assets.”
I don’t agree with you that cinema is dead. Nothing can match the experience of watching a classy film on the big screen.
But Cineworld is dead as a company and shareholders will get wiped clean. Mookey & Co have acted like asset strippers rather than responsible management. It should be remembered they were the ones who saddled the company with $8.9 billion of debt, not the dreaded shorters. RBS under Freddy Goodwin is the closest analogy I can think of.
Anyone who had done due diligence before investing in this dog would have seen all the red flags - among them were…
Reckless acquisition sprees at inflated prices
Highly leveraged buyouts
Unmanageable debt
Selling the freehold to their property portfolio and leasing it back (the fastest way to bankruptcy)
And all to line their own pockets.
Even if it hadn’t been for covid this business was destined to fail.
What appears so obvious to us though is ignored by those who are in deep. Denial and self-delusion are common attributes with failed investment/trades - as is so sadly apparent on this board.
When the company does go into receivership the cinemas will live on. And when the dust has settled they will be sold off and any proceeds will be paid out to creditors.
Leaving shareholders with zilch (as usual)
Finally for those who get excited on shareprice bounces as we saw yesterday - that happens solely because of short covering - shorters buying, closing their positions and taking profit. And because the company is doomed any price rise results in new shorts being opened.