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Not sure why anyone expecting big rise on brexit deal that was already expected and has zero impact on CINE business, and a vaccine which we already know will be approved imminently.
The only news this share price needs, is to know that the doors will be open by end Q2 (hopefully with little to no social distancing requirements to maximise profits). This is the golden egg we’re looking for, and we may need to wait a few weeks for true visibility on it.
The brutal fact is if the vaccines don’t work as planned, it’s curtains. That’s the risk we take on, and is why they’re still trading relatively cheaply. I’m reasonably confident measures will be relaxed come spring once elderly and vulnerable are vaccinated, but we don’t know that yet and the market is reacting accordingly.
@Commonsense we would also have minimum 300k deaths. And probably many more as health systems would collapse. Our hospitals are now over 90% full. Remember the images in Italy? Bodies piling up, people being treated in corridors etc?
Sweden tried to go for herd immunity and failed according to their own scientists, politicians and king.
@dacorum if my Aunt Betty had balls I wouldn’t have any cousins
I said the opposite. If the virus is killing the population, it will be killing itself.
And yes, so you are right in saying if the virus is not killing the population, it will not be killing itself. Which then is not a problem. Because it's not killing the population. So you've kind of won the argument for me there, thank you.
The end goal isn't to eradicate the virus. It's to stop healthcare systems collapsing. The vaccine will achieve this with only a small % of population vaccinated. Only all over 60 and vulnerable are vaccinated, the virus will spread but it wont be a problem as it wont be deadly.
Yes it will mutate - there are already 'many thousands' (quote British Medical Journal) of mutations of Covid-19 - but as with other diseases it will become less deadly (remember deadly viruses by definition kill themselves when killing the population). And the working assumption from scientific experts is that the vaccine will work against these anyway.
No it's not worth 6/7 billion. But if the market values it at £1.5billion most here will bag.
No problem - here’s hoping it doesn’t affect the next big 3 months!
No, was only reported 30mins ago in the commons. No reference anywhere online before, and coincided with SP drop.
No evidence vaccines won’t work etc is right, but may be contributing to faster spread in south
But we knew that already ;)
https://www.msn.com/en-us/money/companies/atandt-is-the-worst-run-company-of-2020/ar-BB1bOzeU
Earlier today you posted the below. Kanwer
time to load up25 Nov 2020 08:59
oil coming to 50 soon,
with biden in power, oil will continue rising to 60
TLW should follow soon! TARGET 50p by this year :)
@Tony at the end of each day, a 5 minute auction place in order to determine the closing price. Only certain traders are able to take part in this.
During this period, buy and sell orders are placed but nothing is traded. At the end of 5 minutes, an algorithm is run which attempts to maximise the number of trades based on the buy/sell orders placed. This is all then lumped together to determine closing price, and is what then appears as the UT on the order book.
In addition to this, you might occasionally see an RNS for a price monitoring extension at 16:35. This happens when the algorithm determines a price that is outside a standard range of the last automatic trade at 4.30pm. When this happens, the auction is re run, in simple terms allowing everyone to double check they’re happy with the wild fluctuation in price.
Al lot of complicated stuff on top that I don’t fully understand haha but hope that helps :)
scaredycat , no it doesn’t I’m afraid.
Its Tangible assets (Uganda) will reduce by $575m (having already been written down)
And it’s cash assets will increase by $575m
Net change in assets = zero.
The real benefit here is it converts a fixed long term asset into a liquid short term asset. So will negate short term cash issues and help meet the RBL determination.
Hi RS, I think it’s been well documented already that Tullow is actively looking to reduce its debt pile, and as a shareholder I would be pretty disappointed if it wasn’t used for that purpose since it drastically reduces the chance of an equity raise.
But even if it isn’t swapping one asset for another still won’t change the net assets on the balance sheet, and in turn won’t automatically add $575m to the market cap. Sorry it has to be that way, I’d love 53p :)
The comparison isn’t irrelevant - basic accounting principles of how assets and liabilities work is fundamental to every balance sheet in the world.
I agree we are more profitable and stronger following this sale. But that’s a separate discussion to “the share price should be 53p, as our market cap is $575m higher”. If only investing were that easy.
RS2002, latpulldown et.al.
Saying this receipt should be added to market cap is deeply flawed. It’s just like saying if I sell my £300k house with a 90% mortgage I should be worth £300k. No. I’m worth £30k because the cash proceeds have paid off my debt and I no longer own the asset.
These proceeds will 100% pay off debt, and while I believe this is great news as a LTH I’m not automatically expecting $575m added onto the market cap.
@kev & @insi unbelievable read haha
What I can’t get my head around, good business decision or not, is that this course of action was not mentioned in the worst case scenario in H1 results. My trust and confidence in the Cineworld board is dwindling fast. They need to be more communicative with staff & shareholders. Leaks to the Sunday Times like this are simply not ok.
abrooking a stop loss is a perfectly normal thing to have when trading. Not odd at all really.
The reason for today's change of opinion is new information: specifically the board confirming they are considering an equity raise.
Saying that, I retain half my investment and like always everyone has their own portfolio balance/risk appetite.
GLA and DYOR
@guitarman001 you're one of the genuine good guys on here. Thanks for being honest and good luck.
Like i said earlier, I too am livid with today's performance by the board. But I've kept 40,000 shares and still believe in this long term. However, I also sold 40,000 at 40p and don't blame anyone cutting their losses today.
Let's not kid ourselves, a lot of us thought today would be a lot better than it turned out and giving others abuse for making their own valid conclusions is just wrong. It's not deramping to say you're a disappointed shareholder and have divested partially or fully and are hoping to get back in later. It's just reality.
One thing has changed, and that is the board are actively considering an equity raise.
I’ve sold 50% so still long. DYOR.