Andrada Mining acquisition elevates the miner to emerging mid-tier status. Watch the video here.
BOD should really release RNS this afternoon. No point receiving news via sources...
CINE is hoping on James Bond movie release but worst case scenario would be if the fans demand and they release it for online streaming.
With many Cinemas closing, would it better to stream the movie online before it leaks?
Sp dropped to 40p after vaccine news on Friday 13th.
Now that CVA news is on the way... what is the right sp price?
+600k sell just gone, was 45.2p high of the day? If not further gain of another 1%-2%? What happens after that?
Boeing 737 Max can fly again: The key level to watch in the stock, according to one trader
https://www.cnbc.com/2020/11/19/boeing-737-max-can-fly-again-key-level-to-watch-in-the-stock.html?__source=twitter%7Cmain
Is there a room for Sp to climb any higher? now that sp has hit 45p, i.e. nearly +12% up from the bottom today.
40p-44.5p trading range
Looks like this is going to be the trading range till US opens. Will see after that what happens for long-term sp movement.
Sp bounced of 41.6p
Looks like support has been created. I am now done with the trading for the day.
Good luck all
Quite a few +1m sells
over the last hour. How much more selling to happen?
How much of CVA news is now priced in??
Or are there small shareholders still making up their mind before selling?
42p... just 2p away from crashing back to 40p retest.
If it does not hold 40p then 35p test will happen before US opens...
Sp finding lot of resistance around 44p.
FTSE is down 1% as well so today is going to be a bad day for Cine.
I might buy again around 30p-35p level depending on the CVA terms.
Can't see a train to be cheerful.
Now that vaccine news is out... not sure there is anything that will tick the sp up so think sp will be heading to 30p this week.
Bad news are in the way....
Dec - breach bank covenants, credit ratings downgrades
Close cinemas, loss of revenue
Uncertainty, job cuts
Higher losses...
CVA headache... look at topshop etc
Is this calm before the storm?
Are MMs playing with us?
Sp was 30p before the vaccine news so I am hoping that's the support level...
Needs to hold 40p...else 30p is on the way fast...
" https://www.ft.com/content/a49de133-5596-4161-bbe5-02483c74c812
The chain hired the restructuring specialists AlixPartners last month to engage in emergency talks with lenders, ahead of a potential breach of its loan covenants in December. It is also negotiating individually with landlords for rent cuts across its 127-site estate.
Although there are no firm plans yet, a CVA would help Cineworld, which has a £6.2bn debt pile, to obtain a much needed cut in property costs.
It is already fighting a court battle with one landlord, AEW, which claims that Cineworld owes it £308,000 in unpaid rent. The chain was forced by law to shut its UK cinemas between April and July.
"