Member Info for usually_right

any significant rights that would raise decent money would wipe out present shareholders unless they committed same funds.

end of the rodeo folks. gap filled to 37 and now back down. aside from the thinking is no new films so any sites open will lose more money. esp since second wave is coming in the usa.

i sont see an shs but there is a case for a double top. however the tgt on the neck break would be below zero, so unless you think the company fails to exists in a year or two, take it with a pinch of salt. that said, could certainly see 133/147 if 197 broken.

ESG is a big biz. easier to raise more money for esg, easier to command higher fees ie. higher margins. so to be associated with something with questionable ESG aspects is a non starter for many firms due to biz they could lose.

197 147 133 sups
252, 265 initial res

breakviews on reuters (by dasha afanasieva).

PwC got paid 13 grand last year. Given what they could gain optically on the ESG side means it was a no brainer to drop boo. it doesn't mean there are worse things to come, it justs just a pure biz decision by PwC - for 13 grand, being associated with the boo issues just isn't worth it.

when an auditor quits or decides not to reapply (same thing) the market may assume they know something that the mkt doesnt not, particularly if there have been skeletons in the cupboard, as there have been with boo. its a big mark down, but sentiment here is poor. its unlikely that anything has been uncovered by PwC but they may feel they can gain a few esg points by dropping boo, I think thats the take away here. however it wont be doing the shares any favours given folks will be drawing their own negative conclusions.

not all gaps will be filled but if they are close to the market price they will often act as a magnet. the price action on filling the gap gives the clue as to how price action may develop. a close at the gap or below is bearish (in laymans terms, market participants are not interested in buying), but a reversal off the gap and a strong close are bullish (in laymans terms it means buyers have come in and the shares have found sup at that level).

if closes at presnt then a butterfly doji or hammer candle which in isolation is bullish esp on gap fill. its something you want to see on testing a gap. a clear stop is now moving under todays low while on the upside you can look for 360 and 350 initially.

" if they can stay trendy and fashionable"
that what makes the business model unique. really, look into it. that doesn't mean the shares are a buy every day of the week every year, it means that there is a lot more to the companies than just a website and stock. they move very quickly. and its the US side that could really drive things going forward.

sadly its a dumb question as it cannot be included until it moves onto the main market.

gap is filled it either moves higher or otherwise will work its way to the prior consolidation area around 300p. a lot of transactions took place there so its the next natural level of sup if the gap doesn't instigate a bounce.

look how well the aids vaccine is working (there isn't one). and covid19 does exhibt some similarities at least externally. even the well established flu vaccine is hit and miss. the only thing you can bank on is in time the virus will mutate and get weaker as well as the fact that people will learn to cope with it better. but this takes time. they talk about vaccines but really they mean time.

thats after administartion. intu are in admin have a look at how that worked out for shareholders. equity holders are always the first to get wiped out. debt holders have first dibs on any assets.

its humand nature to buy things that are down. the see a share price in pennies and think it will double or triple. the irony is that there are many huge companies whose shares have doubled or tripled since march. take 3i or ashtead. there is no need to speculate on the likes of cineworld or other high risk plays given the market offers so many profitable ops with the biggest companies.

who is going to pay for all the debt. you don't take over the equity alone, its all or nothing!

debt holders tend to short equity as a hedge, it is worth remember that. often cover takes place during any rights issue. but i dont know how likely a rights issue is here given the small mkt cap but its probably the only way to get any money in.

debt restructuring means debt holders taking a haircut but in return for something. most recently, the cruise liners have been putting up the ships as colateral.

they need at least 500 million. mkt cap is circa 300m. so present shareholders face wipeout if they dont take part in rights. however it may be the only route for money as debt holders are unlikely to offer more cash, only possible debt write offs in part, but in exchange for equity or backed with fixed assets. dont forget cineworld isnt able to take part in gov covid loan scheme as its debt is sub prime.