Member Info for triumph1

The RI is not concrete until formal shareholder approval. The RI price will be set once approved and will most probably be based on VWAP, II appetite ect.

Why does everyone think a RI will be open to IIs only? Its not really how a RI works by definition. A RI is very different to a placing via accelerated order book, the latter only IIs partake.

In a rights issue, every shareholder has the right to buy the discount shares depending on terms; i.e 1 discounted RI share for every 2 held. Level of dilution is then the average price of the 3 shares. The normal PI wont be left out of the RI, by definition it is available to every holder on record at the time on announcement. Look at whitbread RI for comparison.

A little better than expected for Q2, 8bn liquidity still on hand. Some nasty writedowns though. Would be nice to see cashflow neutral by Q4

Not a huge deal of Info on RI, but with qataris approval it will go ahead. At what price, it depends on the next few trading days.

For tomorrow. We all know results will be shizen, but it's whether a RI is announced tomorrow, delayed or scrapped due to no appetite that will cause SP movement. If it is scrapped, the SP could jump regardless of Q2 results.

Back in the buy zone methinks. 5% drop despite relatively good results the other day is a bit harsh; purely sentiment driven which is currently shizen. Focus today is more on outlook, and lloyds painted a pretty grim picture. Very happy to be buying at these levels again.

But at 25.8 I couldnt say no to a few k's worth. No brainer whether you are short or long term.

He certainly is not making millions out of INFA. 100:1 consolidation sets the trend for further declines wouldn't you say whatamess? When is the last time a company did a 100:1 consolidation and went up haha. Near 10% down and only 1 day in. Getting closer to 50% down on your beloved INFA. But dont worry, you can average down on the next massive placing.

Obviously you have no effect whatsoever on the SP, but in your mind you must think you do...so how about this. You are effectively working for me as i don't intend to take a position until next week, so i thank you for your efforts in getting me a lower price. If you get me 80p, ill even throw in a couple of INFA shares....because by that time they will be free haha.

psychology, FOMO.

Cinema opening will not improve the SP....more often than not, the opposite will happen. Look what happened to restaurant & pub share prices when they reopened. MARS, MAB, JDW, RTN all tanked between 30-50%. Its going to take more than reopening to recover the SP. For starters the USA need to get a grip on their caseload, and a vaccine would obviously change everything.

Hope is certainly not lost here, but time is ticking for CINE and unfortunately their fate is entirely out of their hands.

by looks of it. Wouldn't be surprised now to see this at around 30-32p and then bounce from there. Shell results out tomorrow, so could be a drag.

Never been invested here but love boring companies such as this. Looking at the raw earnings, this has got to be one of the best value plays out there. Seriously cheap. The debt is not horrific and is covered by earnings by a far greater extent than many others out there.

The strange thing is; the online business is growing at a fair clip which is great, but the brick and mortar stores are steadily declining. Why do the board want to open another 80 or so stores by 2025? They should surely be closing stores and focusing more on where the growth is. Am i missing something?

Fair post. I am also equally amazed as to how many companies that you would have thought prior were fortresses with thousands of employees which must be solid as they float on premium markets have succumbed and on the brink after just a month of no trading.

As warren buffet says, "Theres nothing like an outing of the tide to expose those who were swimming naked". The amount of butt naked companies who were swimming close to the shoreline is a real eye opener.

I still believe there is compelling value to be had at MARS, MAB, JDW and others. As you said, in a recession these are usually the safe haven assets. In a post covid depression, these could come to life but will be slow going whilst covid looms. The risk here is purely down to the fact that if the UK went on lockdown again, it would be game over for the industry as we know it.

It's just a matter now of weighing up these variables, and deciding whether MARS has the required risk/reward ratio to warrant an investment. Personally for me, the reward now outweighs the risk in the medium term but with the caveat that I am willing to write off a large chunk of the investment, which acts at a natural cap to prevent overexposure.

Wow that's a neat trick. At 9.10am you were 3k up whilst the share price was at its lowest point. Then at 11am you close your position for a 5k profit despite the SP being 3p higher?? That's a funny sort of short to go up in value despite an increase in SP.

At least try to remember and be consistent with your previous BS to back up your new BS. This board is literally a magnet for all sorts of clowns.

Getting very heated and going around in circles.

The facts are these. Right now it is a torrid time for cinema and the film industry. In fact, they are no without doubt the worst affected industry, more-so than travel and hospitality as at least these are running at some capacity.

The news from Disney just confirms further the risks associated with the film industry, and the fact that CINE derives a vast amount of revenue from USA in which cases are surging is a huge cause for concern. To say CINE is a "sure thing" and "guaranteed to survive" are downright deluded. However it appears as though most who invest know the risks here, or most are trying to hop on/off for a quick buck, so fundamental outlook is entirely irrelevant.

But those saying the opposite of "CINE will fail" and "Cinema is dead" are equally deluded. Over 50 years, cinema have beaten all odds and about one of the most resilient businesses around, bucking all trends and remains extremely popular. CINE will not just fade into the night, and things will have to get materially worse than they already are now before the administrators are summoned.

In conclusion, this industry is currently facing the biggest test of its life. The risks are huge, but the rewards are equally huge. Personally, i believe CINE is worth a punt at 45p purely for the massive gains that could be had in the next 2 years with the caveat that i am mentally prepared to lose the total investment, a preparedness that every "punter" ought to come to terms with whether day trading CINE or investing.

p.s: Ftse and US futures can be seen on IG weekend futures, however this is usually a very rough guide and frequently inaccurate before Sunday 11pm as volumes are very low. Asian markets will dominate where EU markets open.

Ahh whatamess, long time no see. Where were you when i made all me money from £1.60 to £3.60? You disappeared for a month, you were sorely missed. Don't you want to hear about how much profit I made betting against your advice? Same will happen again, and you will disappear again just like last time and like you have on many other boards your mental predictions failed to come to fruition...40p barclays ring any bells?

I have no position here yet, but waiting to pounce with all the profits made from the last cycle. Lets see what happens next Friday.

No. read 25th June 2020 easyjet RNS. It was a 5% discount!

And if you do the maths, Whitbread effective discount was not 47%. In order to access a share at £15, you had to own 2 shares at the price before announcement, which were £28.43. The average then becomes £23.95, an effective discount of 15.7%. The unsubscribed 8.1% were placed at £25.50 on the open market, a 10.3% discount. being a shareholder of whitbread got you slightly cheaper shares. Why do you think whitbread didn't tank to £15? This is basic stuff guys!

As i said, you must be in land cuckoo if you think IAG will do a rights issue at 40-50% discount! A 10% discount max to non shareholders.

Why are you comparing whitbread to this? Whitbread desperately needed the cash. Why not compare to easyjet, who did a RI at 5% discount lol

Bluelight, you are talking as if you are on AIM. This is not some BS AIM company. Almost all of the RI will be taken by the institutions that already hold IAG, plus the qataris. The RI cannot go ahead without their nod, so you really believe they will give the nod to be discounted 40% of their prior investment? As much as i would love the RI to be 125p, you are living in land cuckoo if you think IAG will raise anywhere near this level of discount.

125p, blimey did that fag packet contain whacky backie by any chance?

How on earth did you come to that figure? IAG are not that desperate for cash lol. You are clearly not an expert on this.

Standard Is a 10% vwap discount or there abouts.

2.75bn...wow there you go. Getting the feelers out for appetite i presume.