I doubt he had any shorts on and was just trying to get some recognition as people responded to him. He has no mates lives on his own and probably hasn’t got a pot to PI55 in........Cherrio buddy - now 4uck @FF.......There’s a good boy now.
Yep.......
Just looking at the volume and buy /sell split, the MMs are servicing the sells by buying anything that comes up, but that mid morning push tells me something, we they stop the buying the price will rapidly tick up......patience will reward on this share.
That picture is embarrassing, are you still at school...?
Constant pressure and hard to buy big lumps of cine shares........this one is on its way now. Shorters out the way holders coming through....!
Hence the tight spread, the MMs are buying anything they can get their hands on to close shorts. This will suppress the sp for a day or so - then it will move up...The test being you try getting a quite for 100,000 shares to buy.......no chance...!
Cine will rocket on this news of 5 mins ago......
Guess who didn’t buy in at 40p when he should have....the whole post is sour grapes. 60 close tomorrow....
Naaaa - £6.42p
FT went off half ****ed, someone will get rinsed by the Editor hopefully. All this sell before the weekend guff, the company will power on as the man at the top appears to know what he is about on this. Me and my invested cash will back MooKy for now.
Earlier this week I said the FT should know better, they now have egg on their face and the BBC too. To think a multi-millionaire MooKy would scupper his wealth without trying to sort this out with a new lender or better still two...! MooKy appears to be least one step ahead of everybody on this company. Looking forward to Monday...... ;)
Start of the day - people sell like lemmings. Mid morning day traders pick up share for the 4% gain. Early afternoon - people think yep this will continue rising. Late afternoon - day trading profit takers bail out and it drops. You could have written that at 08.02am....
I have been pondering the plan below, as I put myself in Mooky’s shoes.....
1. Gets that drop the rent or we will walk out there - Done
2. Announce on the back of oxford (not others) that Cineworld will definitely open on 1st Feb 21.
3. Explain that the company has and always had funds to get it to June 21.
4. On a share price of > £1.20 announce a raise at 50p to wipe out a huge chunk of debt.....
Reason for announcement soon - after oxford there is a defined timeline for the return to business and that’s what will act as the catalyst for share price rise.
Bladey - correct.
Not sure the return to 50p today, more like 47p, but crucially it is testing the enterprise value of the business at c.£600m. That is what creates the floor for the share price - not daily ups and downs.....
Spot on.
Don’t need their rubbish blocking my screen. I suggest others do the same....0
I think the FT article is beneficial to CINE, as what it has done is:
1. Test the appetite for a re-structure
2. Identify the problem
3. Suggest a remedy - ditch the bad bits
4. Allow some of the shorters caught out by the vaccine to escape and lick their wounds.
Importantly the announcement does not articulate a message along the lines of the movie producers do not see a viable route to market through cinema....! That would have ended things in a heart beat.
The board will be aware of a CVA article - but probably did not give comment - just to see the outcome and response. Today also helps any potential acquirer as it shows real resilience in the share price and that raising cash would not be a problem at 45p when the share price recovers to 75p.......As I said....today benefits CINE only in my view......close at 47p.
Absolute garbage......!
It’s no accident Alix Partners were brought on - that puts the wind up landlords and lenders too. This is a positioning angle worked by the board. It flushed out all the resistance. Also the FT should know better than that, This is exactly what QUIZ did in order to sort out the loss making shops. Like any good CEO he will play a strategy that curtails the downside and focus on the return of the business.........Just shows the number of people that think the FT is the gospel....shorters will be bailing by the boat load on this very convenient news flow........! Then the share rises again.