Member Info for WolfofWarks

I think there’s a real lack of quality in terms of blockbusters now.

Too much competition in terms of entertainment - cheap restaurants, escape rooms, out of towns locations with everything there, etc. Plus staying in can be worthwhile now with cheap entertainment systems, plenty of variety with streaming, sky, etc.

When I signed up for LSE it was initially because I had an investment in CINE which I was looking to trade off on a rumour of a Disney take-over back in Aug 20. I had a look at the accounts and considered the future of Cinema in terms of the impact of Netflix, Disney, etc, but also the lack of quality films coming out, pimped out cash cow franchises, etc, and decided that the future here was bleak and today has pretty much confirmed that decision was right.

It's such a shame because my four year old some has discovered cinema and he absolutely loves it. The sad fact is though sometimes we are only paying a fiver to watch films and the cinemas are empty, so it's clearly not sustainable.

I think judging by the reaction inflation is now pretty much priced in and the drop has virtually recovered by hopefully all good from hereonin.

I suppose it depends on whether or not we are at the start of a commodities super cycle driven by EV.

I think now would be the wrong time to invest in them short term as you could be at risk of a spiking.

I’m looking in the retail space at stocks that should do well in recession that have come down quite a lot - got my eye on Games Workshop and Watches of Switzerland at the moment with gradual buy ins.

The problem is not the UK it’s your choice if investment in times of stress. If you follow the macro environment you need to pick shares that do well in times of high inflation and high interest rates. So growths stock are out of the window as they will be murdered down on the value of their future cash flows.

Whereas if you had your money in energy and miners, which the FTSE is full of, you would be sitting very pretty know. Investors who are buying BOO now probably have much to look forward to once conditions change.

"WoW, its unlikely that its a cash problem."

Infinity - you must be reading a different trading report to me. I'm seeing a debt pile of $4b of which nearly half is short term and negative free cash flow of $59m. Frustrated capital projects, build up of slow moving stock that they are struggling to export, abandoned by bankers and professional services, difficulties with customers and suppliers, China property market slowdown, FX problems, high inflation, etc.

The cash pile has reduced by over $600m or 44%.

The devil is in the detail - you just have to scroll down past the headline numbers.

I think TED has been victim to the macro we facing. High interest high inflation retail business trying to be sold at the start of a possible recession.

It’s not the greatest of times to attract as investor, not many buyers in the market for investments where profits lie way into the future.

The board must be kicking themselves now that they didn’t accept the previous offers.

Have you considered that the sale might well be needed for liquidity purposes given the bleak outlook and the difficulties exposed in the trading statement?

The simple fact is the vast majority of PI shares are nominee shares held with brokers and PIs have very little engagement with the companies they are invested in.

The main reason for engaging with Evraz is too make sure Putin doesn’t run off with your shares.

In this situation I think I’d rather my interests be represented by a broker.

I had a look through the half year results this morning and I think what has spooked the markets is the deficit from operating activities in the cash flow statement. We've gone from a positive £51m to a deficit of £39m which is a hell of a swing.

However digging into the numbers had to settle historic tax claims - the amount paid in the cashflow is £25m. There is also a reduction in trade creditors payable of nearly £36m - it would be interesting to know what had fallen out of here unless it's currency related. I think we paid £10m in fines, so hopefully lots of one offs.

It’s part of the Financial Services & Markets bill which I’m will be going through parliament.

Just had a quick flick through the IC article and it looks like PIs will be able to participate more easily in early stage raises.

I think it’s part of a reforms package being mentioned at the moment as I’ve read it in the IC.

“ Judging people on typos or grammar mistakes isnt that honorable and nor saying anything about the person really.”

Well I haven’t done this.

FWIW I don't think anything I have said here is a lie and you haven't disproved anything I have pulled you up on other than to mention the goings on in the infamous TG group.

I only pull you up on the things you say, which at times are very easily discredited.

I've got no beef with you and I'm sure your intentions are honourable. But you are giving people advice and swaying peoples actions when for me you don't seem to understand some very basic financials and doubtfully have any credentials that would give you the right to do so.

Having 500 members in a telegram group is all well and good but are any of them experts in this sort of thing? There's probably a small number of people who are. Otherwise is all you have is a big echo chamber.

"Now you want to know what they actual did… but you guys say i have no clue / have a nice sunday"

Infinity - I just struggle to take anything you say seriously after you told us a few weeks ago that loan repayments were the reason there was a disparity between RASP's supposedly decent gross profit and extremely poor net profit.

You lack any credibility.

Infinity - we don’t have class action in the UK. You’ve been watching too many USA films.

What exactly was the action you were going to take?

“Mate we had stories shared on Telegram that brokers didnt support any of what you just described.”

Nothings happened yet. This is a completely unprecedented situation. Look how long it took HL to give a solution to the current situation let alone a Russian delisting. I’m put money on it that they were waiting on a legal opinion before making a policy decision.

“ What makes you thinking, that you know what you are talking about?”

I’m not professing to be an expert but this is really basic stuff. If Evraz move to another exchange the brokers will facilitate the transfer of the shares to the beneficial owner. In that likelihood they will be dying to remove them from their books. However as the company cannot do anything with the plc shares while they are under sanction it’s a moot point..

Your dreams of Dubai exchange, etc, will require the agreement of our government and the reason the sanctions are in place is to restrict the company so how you think this is even achievable is beyond me.

Honestly infinity you really need to be held to account on this board. I’ve never heard such nonsense. You cannot sell assets and distribute them to only part of your shareholder base. I must have mentioned this to you on at least two other occasions but all shares rank pari passu, which means they carry equal weight. The distinction between one shareholder and another and the power they hold is in the number they carry and therefore the % of the company they control.

If you head up the TG group then I dread to think what nonsense is being spouted in there.