In accumulation funds the dividends are reinvested automatically (the dividend date is only there for tax purposes), you're not issued new shares. The value of your existing shares will be increased
Probably me being thick but... the value of my shares increases/decreases all the time as the market changes anyway doesn't it? That description almost makes it sound like you get absolutely nothing from it (effectively)
As to the corporate action... is there a way for me to tell what happened? There's not a lot of info in the HL interface
Did the price of your unit not go up ?
CINE is the lowest it's ever been, at 27p after the announcement about closures. It's been a very well-run company before Covid so I'm expecting it to bounce back eventually. Might drop lower than even 20p. Very closely monitoring.
This is where the film industry needs to think longer term and for the industry not just a single studio's short term return on investment. On the assumption that the studios don't see a wholesale shift to online distribution then surely they have to play a role in preserving the cinemas. The big problem for CINE will be avoiding a default on the debt they have which is substantial and that is what makes this a risky punt. If it runs out of liquidity then suitors might prefer the debt to be written off making an insolvency more likely. Conversely CINE might be able to refinance and buy some time assuming the debt holders don't want a big haircut. Its down at 22p now and I am tempted to take a punt.Cineworld is a massive gamble. And might get a dilution too?
I was expecting my recently bought ezj shares to dive today. For some reason they are up?makes no sense
This is where the film industry needs to think longer term and for the industry not just a single studio's short term return on investment. On the assumption that the studios don't see a wholesale shift to online distribution then surely they have to play a role in preserving the cinemas. The big problem for CINE will be avoiding a default on the debt they have which is substantial and that is what makes this a risky punt. If it runs out of liquidity then suitors might prefer the debt to be written off making an insolvency more likely. Conversely CINE might be able to refinance and buy some time assuming the debt holders don't want a big haircut. Its down at 22p now and I am tempted to take a punt.
Agreed, it's almost worth the small punt for curiosity stakes.
Not that my small punt is a grand however
Yeah I've rethought and thinking about half that I dunno. Its a bit gambling eaque for me.
EDIT - Gone with a limit order at 23p. They've recovered slightly from when i first looked when they were about 21p and i'm being cautious!
I've got in at £0.237 - £500. Let's see what happens!Agreed, it's almost worth the small punt for curiosity stakes.
Not that my small punt is a grand however
EDIT - Gone with a limit order at 23p. They've recovered slightly from when i first looked when they were about 21p and i'm being cautious!
I've got in at £0.237 - £500. Let's see what happens!
The big problem for CINE will be avoiding a default on the debt they have which is substantial and that is what makes this a risky punt.
Dont really believe that, its better to buy into a recovery if they remain capable of that. Bonds > sharesoperations might resume in "two months, or a bit longer".
Accumulation or Acc saved my bacon on a poorly timed ftse fund buy because it keeps reinvesting something. It would have been better if I added regularly instead of a lump sun, I didnt but at least some new units were going in at the lows so it came good.
They are in trouble then because thats a year or more of debt repayments to find with no profits
Dont really believe that, its better to buy into a recovery if they remain capable of that. Bonds > shares
Yeah I can't see much chance of them getting anything open before Christmas.
Rent and debt increase are both going on with no takings
Might be wrong but what films are even due out?