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Cineworld Group (CINE)

London
Currency in GBP
Disclaimer
0.38
0.00(0.00%)
Closed

CINE Price Commentary

Seems to be gradually turning into IS-only bankruptcy and carry on in UK with restructuring. Possibly with current owner or new Chinese owner. If this is the case, company will lose the most profitable market - but will at least carry on in the UK and other countries. It’s an UK listed stock, and it isn’t filing for bankruptcy in the UK. So there is a light at the end of the tunnel; albeit with a huge scar to share price. GL all, and remember stressing changes nothing. Be systematic and patient.
*US-only
I agree with you 100% too. :) Only one addition: If we are talking about the owners, HSBC has %20 shares. I don't see only a light at the end of the tunnel but I see big opportunity for high profits. These prices are extremely discounted compared to recent years.
What possible scenarios do you see emerging?
Don't sell your stocks!1) As of know, bankruptcy news is only a rumour based on the info from people familiar with the matter (that's what exactly written on the news). No official announcement from Cineworld yet.2) Even if it is true, please note that the rumour is: Bankruptcy in the U.S. (for Regal) and insolvency proceeding in the U.K.That means, this is a probability: Cineworld may sell Regal and continue business in UK & other countries.3) Yes, they have high debt but this debt didn't occur during covid. Debt comes from the acquasition of Regal and Cineplex. They acquired giant companies and they have debt, that's normal.4) Stock price chart of Cineplex (Cineworld company in Canada) shows that they are fine.5) AMC (the competitior) is happy with the latest sales results. Probably Cineworld and Regal are also happy but they don't tell.6) EPR (the supplier) said Regal was current on all payments as of a Wednesday filing.7) HSBC owns %20 of Cineworld. Any company of HSBC will not have problem in paying his debts, I guess.Conclusion: All these seem to be an ugly way to collect the shares at the stock market at very low prices. So, don't sell your stocks.
8) Before covid it was 280 gbp. Prices below 20 are extremely discounted in the long term.
I agree with you 100%.
A correction form another member: "Cineworld did not aquire cineplexx. There is open litigation on that front because cineworld reneged on the deal.Also. Price was 280p, as in 2.8 gbp."
Who bought so many shares from 1.8p to 4.07p? I guess - “A secretive Chinese tycoon has increased his stake in Cineworld, fuelling speculation of a possible takeover offer for the UK’s largest cinema chain.Liu Zaiwang’s Jangho Group has built its holding in Cineworld to 13.3 per cent, according to stock market filings published yesterday.The Chinese magnate, whose net worth is valued at $760m (£556m) by Forbes, has been quietly increasing his holding in the London-listed company over the last year.”
And any potential offer to "rescue" will be Sub 10p, that doenst help investors who have paid 50p, 60p, or even above 100p..
Yes that is to be considered. It shd have gone down to 0 but it bounced back to close at 4.07. It is going to file for bankruptcy- reminds you of Apple on verge of bankruptcy in 1997.
LOOK: The world’s second-largest cinema chain which owns the second-largest chain in America (Regal) along with cinemas across the UK, Europe and Israel totalling almost 10,000 screens was also subjected to suggestions of a takeover by the Chinese based Jhango group.DanessexCINE) may be taken over with Amazon being a prime contender looking to pick up a cinema chain, but it’s now sounding like Netflix might be the ones to step in.https://uk.advfn.com/stock-market/london/cineworld-CINE/takeover?xref=shareprice_takeover
Sorry I meant to type not found on the Google
link is provided.
https://uk.advfn.com/stock-market/london/cineworld-CINE/takeover?xref=shareprice_takeover
In case you want to make money with speculations, this could be a great opportunity! People fear talks of bankrupcy of course, but nothing is certain. Remember Hertz? Just dont buy more than you are willing to loose, as always with risky assets…
Why did it rise from 1.8 to 4.07? Is there a rescue deal?
Very often, we see rescue deals or takeovers. I think this could be an opportunity to make big money - but you need guts.
4p.. Sadly you've lost your shirts.... Dont double down, the money's gone.... Sell what you have an move on...
Johnny Tr, we have disagreed in the past, But you are spot on here.... But sadly people don't listen, and simply because someone says... "this will be 50p, 100p by January, that's seems to be enough..... Some people are investing all they have..... And its painful for them.... So keep up the brilliant HONEST work... Cheers (check out all the 👎thumbs down I'll get) hopefully min 10
someone reported my comment and got it deleted. Maybe I was too honest! lol
At 4 pence, it’s a potential. Are we here to achieve 1% gain per year? I’m in, and will stay in until zero. If it’s rescued, I won’t sell quickly. 2 years hold if fate allows.
I think if it goes bankruptcy wherever you hold shares they will remove you fisrt than it will recover and show a comeback, so noone can hold it
a big studio will buy it Monday there whole business model going forward relies on cinema, cineworld being the second biggest it's a steal for them,only a few months back the laws were changed in the USA for big studios to buy cinemas again.
still avoid, shareholders will be wiped out debt is too large.
Yup will be diluted to nothing if you've already lost 80% prepare for another 80% drop.
no matter how cheap you can still lose 100%
Bet a US company buys it last second, for pennies.
Big studio will come in and scoop them up
ppl worry about EU, but its the US that dictate to the UK gov, army, buying businesses, taking parts of NHS etc etc
maybe but only after bankruptcy cancels shares
regal cinemas owner Cineworld prepares for bankruptcy filing
Keep ur positions, don’t fear losing it all. Stay in for 2 years if it makes it through next week you’re laughing.
no one knows Rich. But these bankruptcy cases are often saved and / or taken over. Could work out.
Bought in at2.6p
shares are worthless
4.29 think big investors stepping in. Lots of conversations behind closed.
4.5
bankruptcy
3.70 and rising
3.13….
Wait and watch. Someone buying big amounts!!!
Would laugh if this bounced
2.79…..
1.91p
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