Member Info for triumph1

You are right curdas9. Very leaky indeed and should not be allowed, but it happens all the time. One junior banker gets wind, tells all his mates to short and then leaks.

All is pure speculation at the moment so we don't really know. Things have taken a turn for the worst in USA, so i wouldn't be surprised if there was one now, but a 2.5bn raise is a bit excessive and i would be surprised if they elected a rights issue that would dilute the shareholders over 50%. Of course the qataris would need an appetite for averaging down too.

" almost $8 Billion net debt to service (IFRS 16)" is very misleading. Yes they have a concerning debt pile, but you say it as if they need to stump up this money tomorrow. A lot of this debt is far out. Secondly, who quotes serviceable debt in terms of IFRS16 lol. Debt covenant requires Net Debt to EBITDA on a pre-IFRS 16 basis, therefore on an IFRS basis, CINE will not breach covenants.

$8bn in terms of whether the company can afford to pay its debts or not is completely irrelevant.

That and the fact that a lot of other Ftse250's are off by 5%+ on generally poor sentiment which is magnifying losses. I certainly agree with the delay of new offerings having a material impact on CINE, and making the future a little less uncertain here. The USA need to get their house in order, and fast. But by the looks of things, their only savior would be a vaccine as it is out of control there which is why every company with exposure to US markets have tanked.

I wouldn't think shorts will be closing positions just yet.

The risks are high, there is no doubt about that. But this is certainly getting closer to earning a position into my higher risk category portfolio.

Dangerous to throw the kitchen sink at this though, as cinema is without doubt the worst affected as many have pointed out prior. With the risk, only worth beer money.

You would think so but then china have gone out of their way and effectively forced HSBC to pick a side or else. Not the smartest move if you want an impartial bank that the west trusts. It's hard to fathom what china are trying to achieve warring on all fronts other than achieving increased domestic approval after the covid dip. For HSBCs sake, this trend needs to normalise.

Capitalists worst enemy is patriotism. It's a delicate game though, as how much patriotic tolerance does the Chinese population have, particularly for those that have already had a taste of money and liked it? I would be willing to put money on an increasing business/middle class dissent.

160p now breached so could potentially go lower from here depending on sentiment, news releases ect. We (should) all know the risks here, and the exposure to USA which is keeping a lid on this. I welcome any sentiment driven, non fundamental drop with open arms and have my next tranche on standby as I have done my research and know what a fantastic value play this is.

No one should be listening to the 400p or 100p crews who stalk these boards. You should be basing decisions based on the balance sheets and whether you feel at 150p, value can be had. I am not in the game of cheating the market out of a few pence, I'll leave that game to the traders.

But great to see no one is buying into the usual BS from this company. Best to put the confetti order on hold for now SS, people may have finally woken up and smelt the BS....it reeks.

Shut up and show the shareholders some money instead of empty words as no one is falling for your get rich quick schemes or paying for your joke of a salary anymore!

They have got themselves into a real sticky and political situation which is never good. On one hand you have china threatening to boycott HSBC in favour of their own banks, and the west threatening to boycott if they side with china. Considering that most revenue comes from china, it's no surprise they have sided with china, but this brings on it's own risks and could potentially be detrimental in the long term.

The situation HSBC have found themselves in is partially their own fault for going all in on china. The risk this would happen with HK was always there. They have sacrificed diversity for revenue, and when it goes bad then the brown stuff hits the fan. Now their whole business relies on the chinese government, a terrible predicament. So where next?

Do they double down in china and cosy up further to China, or do they subtly try to diversify away from china into places such as Singapore. They have alienated democratic countries in the west, so this is not really an option for now.

I suspect HSBC are well and truly stuck with china, a very volatile, aggressive and unpredictable government, so have no choice but to cosy up further and effectively become their puppet bank. If things did eventually de escalate between china and the west, and HSBC had the opportunity to divert investments away from china, if I were the CEO of HSBC I would do everything in my power to move away from china as fast as possible. Easier said than done of course.

In terms of shareprice, they have taken the best course of action. Imagine if they defied china and sided with the west....chinas bluster would have decimated HSBC. But for now, just how badly will china force HSBC to dirty it's own name? Mabye to the point of no return? Today's headlines is one step closer to that point of no return.

hahaha i laughed so hard over that. The ticker describes them well.

But saying this, you can be sure that the board and the resident rampers will ramp this to kingdom come in the podcasts and RNS's before they start a fresh round of dilution. Might be worth beer money purely for the ramp fest that will take place in the coming weeks before they order more confetti.

I presume a name change is in order? I presume UK assets are dead then? I presume more dilution to fund this? With all of these presumptions, no surprise the market has reacted the way it has. What a bizarre venture.

To position ourselves. The news event was a perfect opportunity to profit take. Not an uncommon occurrence and simply repositioning itself for the next leg up. I want to see where this consolidates before I take a position

This is not some silly sentiment spike caused by traders hyping and spiking, or thumping and dumping. This is a re-rate back to equilibrium and there is a massive difference. Golden rule is you sell on spikes, not re-rates. Some traders who sold themselves short need to learn the difference instead of trying to push a mountain with a stick.

It will be interesting to see where the market determines fair value pending outcomes of this investigation, but all indicators point to a 280 - 320 consolidation zone.

Seems to have been established and the worst could be behind boohoo now as long as nothing else comes to light. Still, keep your ears to the ground and remain pensive regarding overexposure.

As opposed to trading peaks and troughs, at times like this you should be thinking of switching strategy from trading to buying on any dips and averaging up, and it appears many have as each dip is being brought which is another indicator of boohoo finally gaining a foothold. All these indicators point to a gentle upward trajectory to 280-320ish prior to consolidating, pending report updates. This would still see boohoo off 30% pre news, and looks to be on the cards now.

100% agree with G8RXN. It is impossible to predict a bottom, therefore if you like a company in a volatile market, jump in with a small amount and average down on any major sentiment driven dips. This really is the only winning strategy in the medium term. Trying to trade spikes and troughs is a mugs game.

Personally, in a volatile ftse250, if i wanted to allocate say £10k, i would divide this by 5 and stick in 2k tranches, and with every 10%+ sentiment driven drop, with the percentage drop depending on the beta, which is currently high. I have my own formulas for each stocks i like and plugged into an algorithm, so i sit back and do nothing. My fees are £3 per trade, so commission is £15. Plunging £10k into a stock and watching it drop 20 - 30% is £2-3k gone with the opportunity to buy more gone. This is what puzzles me. Do the math and a £15-30 commission pales in significance compared to a 20-30% loss of entire investment, even on a very small investment of a few hundred squid. This strategy takes balls, but it is the only one that has worked for me thus far.

We have seen a low 160s base here now for a while with the markets indecisive where to go next, therefore a tranche at this level as opposed to waiting for 150p which may or may not come is the smart thing to do if you wish to take a position here.

The plan played out and got my final tranche at 150p. Nice to see 160p acting as firm support which has been tested a few times now. Hopefully august is a bumper month of trade for MAB, which should see us much higher than where we are at now, back above 200p for starters. Target by year end is 260-280.

Agreed. Some people seriously need to educate themselves as to how google reports trades, what a UT type trade is and how auctions work. Very basic stuff you can learn by going over to investopedia and reading for 10 minutes.

It is impossible for the algorithms used in calculating the UT on the LSE to determine a price that is 10% less than the vwap of the final 10 minutes of trading unless significant negative company news was released at 4.30, and huge orders went in with an average exchange price of 216p in the 5 minutes after the market closes that the algorithm uses to calculate the UT.

Now let's move on. It closed at 235p. End of.

People need to relax. Google shows last trade price, and late trades always pop up in the orderbook. It would be impossible for the sp to be determined at 10% less in the auction than the final trade without a significant company event occuring.

A very easy yesterday afternoon/morning pick for anyone who knows anything about trading and entry points. Then we have the big share purchases which bolsters confidence. Judging by today's action, a gap up could certainly be on the table for tomorrow.

Those who missed the lows...you live and learn. Those who sold and had the balls and humility to jump back in, kudos to you.

Someone bit into a seriously bitter lemon by the sounds of it.

In topping up employee coffers. Some serious purchases there.