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Ah, the markets!
Yes, something was announced or noticed or shot into the air at precisely 3.10 pm to cause the drop.
God knows what it was. I hope he calls me later with some inside information.
IAG sank at the same moment but recovered better. Gives me hope for tomorrow.
Bc2020,
Are you typing your posts with your eyes open?
Do you read them after you write them?
Do you not realise they are a waste of time?
Oh, of course not, because you are just here for a bit of fun.
Okay, I'll start laughing because you called 63 open today and 68 close. Based on what? A dream?
Yo BC2020,
Your 63 / 68 looks like a cut and paste from last week.
Let's have some new figures please.
BC2020, I think you saw 80 last week. And the week before, for that matter.
Keep polishing those glasses.
Fascinating ST.
Although I was surprised not to see my name there!!!
Good to know who is holding along with other Small Traders.
Streaminvesting, I didn't see 65 anywhere - 64.9 yes. But that was the buy price.
Silly me, I thought we were talking about the sell price, that one telling you what your stocks are worth.
Seems more important to me.
If you want to talk the buy price, well, yes, that could be higher.
Anyway, as you say, the day is not over. Neither is October for that matter. LOL.
Yo BC2020 - looks like my guess was closer than yours - at least I guessed lower right.
So is there a prize for this fun?
Open 62 merely close lower than that.
Bc2020. So let’s guess the price at noon. I say 71.
What's the point of cluttering the board with wild guesses?
I read the board for information. Please.
Thanks, mountainous,
I was going to post "Remorseless Manipulation" and then say very much what you have.
CINE is clearly being played. All summer it hung around £0.61 - the ride to £0.84 - was simply Bond fans overriding the MM - and I fear they culprits may drive it back down to that again. Could they force it lower? God, please, no.
Indeed, it looks like the new bottom may be £0.65 - I have to pray that holds and that the only way is up.
Now just read your previous post and you do seem to be saying much as I have said.
One, Bond is Big news indeed. I live next to Leicester Sq so I know how busy it gets and I see Bond there myself on Saturday.
All good.
But the crux remains as you say: 1) Pre-pandemic attendance - 2) pre-pandemic share price.
Oh, yes, but how long does the first have to go one before we get to the second?
Lat says:
Pre-pandemic attendance levels - pandemic share price.
From now on in the share price you would expect to catch up further and bridge the gap, probably gulf is a better word, and back to where it was pre-pandemic. If not it gets taken over, or it relists or part relists in the US as they have indicated.
Hopefully next week we get some proper numbers and hopefully some market commentary.
Yo Lat,
Thanks for reminding me that we are also still fighting the headwinds of the Shorts and the MM.
Goodness you guys do like to make this personal.
I'm not dissing this share - do please read the post carefully. I am only trying to explain why it is not going higher faster on this week's great news.
It looks like it is going to take time for the good news to filter through.
I am not deramping. I am down £50K and want this to go up.
But I am trying to be realistic.
It is wonderful that Bond is going great guns. I expect big attendance and that has to be great for Cine-ma generally. It will given reassurance that audiences will return.
But to expect a bumper Bond weekend - one film's earnings - to have a massive impact on Cine-world's price is a big ask. Everyone on here seemed to know that 2 weeks ago and they have forgotten it in the Bond hysteria.
There is still a court case to be settled and debt to be serviced.
Of course, maybe a great Bond weekend will lead to a re-rate and the share will jump. It has surprised us all before.
So Bonkers2020 and others, now that Bond due to land,
it looks like we can forget all about the court case
and the fact that a few good films are not going to clear the debt?
Some people used to say it would take more than good movies to get us above £1 again?
Great article to read Bc2020. Thanks for posting.
Masses of interesting information.
Not a genuine investor, despite holding 80,000 shares.
That's an odd view Bonkers, especially as I have often praised your other posts.
Anyway, I was asking the question because I remember the £840 million or similar in debt but I think they announced during the pandemic that they had a line of credit for maybe an addition £230 million which meant they could survive being closed for 6 more months or whatever.
In the event they did not have to stay closed that long and I am presuming they did not have to take on that extra debt.
Sorry if I sound too naive.
Presumably a lot of the money borrowed during the pandemic was contingency and not used to maybe we don't actually know what the current debt is?
Who care, Counchman?