Soldato
- Joined
- 25 Nov 2005
- Posts
- 12,677
How did they get cash poor when they were literally printing money a year ago lol Did they just Hodl and not think to sell on the high ?
Trading the stockmarket (NO Referrals)
- Thread starter mcast123
- Start date
I know a few of you followed Cineworld before. They had some pretty big news this morning. Basically secured a 150m loan enabling a 1 bill debt repayment( Basically they did have a debt of 4.84 billion dollars but filled for bankrupcy with only 4 million in the bank and now the judge has settled that they only owe 1 billion and can get a loan of 150 million)
Share price has rocketed this morning.
Share price has rocketed this morning.
I have taken a small position this morning.
Kind of a punt.
If it ever got back to 100p I'd be very please. (I don't expect it to get to 100p!
)I have taken a small position this morning.
Kind of a punt.
If it ever got back to 100p I'd be very please. (I don't expect it to get to 100p!
Same I got 7% of my PF in at 2.9p upon the reuters release of the news. I think I got lucky tbh. However on this news and a RNS i could see it easily reaching 10p by 14:30
I have 5 percent of my S&S ISA in it.
Not as low as that! 4.5p for me
Thought I'd missed the boat. And it would be one of these sharp jump followed by a slow tick down.
Its my best performer this year. Kind of depressing that
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Still a nice position to be in, regardless of debt and filing for bankrupty, they are still in a good position. Deal on the table with netflix can only be good, on the other hand internationally things are looking bad for Cineplex.
Just imagine a return to pre covid levels haha!
Yeah I'm also not sure on whether cinema has a future. I'll certainly be wanting to cash out my initial outlay. And let the rest ride.
Likely will set a few auto sells upwards.
I've just set some limits, ones abit hopeful on opening for the US, but I may sell off half of inital outlay at the close today. Let the rest go.
Can guarantee there will be a big move on tomorrow's open. But which way seems gambling territory.
My synthomer buy is doing well. Which I'm more happy with and willing to let ride for a while yet.
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Soldato
- Joined
- 25 Nov 2007
- Posts
- 5,581
- Location
- London
Can you explain your thinking the moment you purchased shares of cineworld, they have a very low margin and a very low return on capital, with basically no room to grow.
Day trading on the debt repayment news. Sell off the profit and hold the rest long term as it's a low investment, long term hold with no real overheads.
/cloudfront-us-east-2.images.arcpublishing.com/reuters/RK6KRK6TBNJPNAOXDTSS75AN3E.jpg)
Cineworld reaches bankruptcy settlement with landlords, lenders
Movie theater chain Cineworld Group on Monday announced a bankruptcy settlement with its landlords and lenders, clearing the way for the company to borrow an additional $150 million and make a $1 billion debt repayment.
www.reuters.com
Soldato
- Joined
- 25 Nov 2005
- Posts
- 12,677
Why not just buy more next year when it goes even lower because nobody can afford to spend £50+ as a family to watch a movie ?
Everything seems to be rallying today including Crypto, guess that's why they say you can't time the market.
Probably a little oversold recently. The market has been in bear mode for 12 months now so won’t be far from the bottom but I would be nervous about the winter impact.
I took a couple of positions recently, persimmon is the highest risk. Doing well at the moment but all depends on rates, jobs repossessions etc. But I felt that rates to 4-5pc had been priced in. Obviously if things are worse than predicted it'll tank. But felt like a rare opportunity to jump in.
I thought this article was interesting. I’ve mentioned before that recessions usually come out of the blue but this time it seems clear. That’s not something that has happened before. https://www.ft.com/content/c728b7f0-b4dc-46d7-8089-36734a266e03