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mint you could well be right. In which case it’s in the Greidinger’s interest to supress the SP. I’m absolutely livid at this release. Absolutely no substance to inject confidence. “Pleasantly surprised by return to screens” just doesn’t cut it.
The markets are forward looking, and the board just openly acknowledged they are assessing an equity raise.
This isn’t about dividends. It’s about wiping out of shareholder value through an equity raise.
Honestly, I hope I am wrong. But I have now read the results and they are not good for the following reasons:
(32.8c) EPS vs (4c) forecast
Confirmation next THREE covenants will be breached
Confirmation board are considering equity raise.
I don’t believe there are going concern issues, which is good. But as a long term holder I’m expecting to have to wait well into 2021 to see any return here sadly.
If I am wrong on this I will be as delighted as anyone else, but I would urge holders to look at facts rather than brush off criticism of the share.
At first glance these results look a lot worse than anticipated. Analysts were predicting (4)c EPS, actual is (32.8)c.
I really really hope I’m wrong but don’t have a good feeling about this morning.
You’re sounding a bit like covid fart guy lol. Flogging a dead horse, let’s move on
johnht, time you let this one go
Samuk think you’ve lost the plot mate
Or in your case, take the loss at 33p and buy back in at 54p.
From Harry Barnick, Senior Sector Analyst at Third Bridge: “Barnick stated that with cinemas being constrained by a two-metre social distancing rule, they would only be able to achieve 30% of their maximum capacity. With a one-metre rule in place, they can fill up to half their pre-Covid max capacity levels.
However, he also thinks that constraints won’t actually be a huge issue, as average capacity utilisation pre-pandemic was below 20%, and up to 65-70% at peak times.”
Shamus, you posted two predictions: one on Monday evening saying it would tank to 20p, then another after Tuesday’s spike saying it would shoot up.
And you sold at 33p, bought back in at 54p.
Cut the bs
johnht, think he’s referring to your short position
I’ve enjoyed a lot of the discussion with you but this bollywood thing is mad.
His investment predictions are spot on:
Sorry guys
07 Aug 2020 11:44 - 33p per share
I’m sorry guys I’ve lost confidence with this stock it’s really upsets me to do this I’ve in invested a large amount of money but I’m going to cash out this afternoon
Apologies to everyone
11 Aug 2020 17:15 - 54p per share
I would like to apologise for doubting you guys. I firstly took my money out at loss but bought back in today. What do people realistically think the price will be per share by Friday?
This is what you said this week. *****.
39 sp tomorrow21 Sep 2020 20:27
Some very big sells after hours. Definitely has been a dead cat bounce can see this reaching lows of 20 pence per share
Pure speculation but the only reason I can see for such a massive rise BEFORE results day is that the market have caught wind of something.
Let’s get the December one boxed first. Having experienced debt covenants in my workplace, it is in the bank’s interest to be flexible which they already have. At the end of the day they need Cine to survive through to a vaccine and is their only feasible exit
100% agreed, have held since June throughout the dips and rises and won’t sell below a pound. I wouldn’t encourage anyone reading this to put money in that you:
a) can’t afford to lose
b) can’t afford to see locked away for 2 years +
We all know too well the fragility
... how quickly this could rise tomorrow. Honestly I think even the holders could be surprised. Once results are published I think we could see a 30-40% rise in one day. Time will tell. GLA
Cineworld rallying up 4%
Strong Buy - 3
Buy - 1
Hold - 4
Sell - 2
Strong Sell - 0
Average Rating - Buy / 94.38p
Source: Reuters. As reported by IG 10:30am today