What’s your big gamble? (Volume 4)

[g4ry13]

The Wallstreetbets crew have been all over Bed Bath and Beyond.

I was actually thinking about them the other day and wondering what had happened to them. If only they wanted to focus their efforts back on AMC and Blackberry

[ferrisbueller]

g4ry13 said:

The Wallstreetbets crew have been all over Bed Bath and Beyond.

I was actually thinking about them the other day and wondering what had happened to them. If only they wanted to focus their efforts back on AMC and Blackberry

Hype has been building for a little while. Pretty explosive couple of days.

[Vanity Projects]

ferrisbueller said:

g4ry13 said:

The Wallstreetbets crew have been all over Bed Bath and Beyond.

I was actually thinking about them the other day and wondering what had happened to them. If only they wanted to focus their efforts back on AMC and Blackberry

Hype has been building for a little while. Pretty explosive couple of days.

Amuses me that you also see Best Buy go up on Bed Bath meme days… BBY versus BBBY seems not everyone on WSB is a razor sharp ‘autist’ as they’d say.

[classicfred]

Revolution Beauty dropped from 70's to 16's in last few weeks. Was slowly recovering and RNS today stating Boohoo have taken a 7.1% stake has lifted SP to around 29/30. Maybe more left to go ? DYOR.

[classicfred]

Cineworld taking a hammering this morning......

[Insurancejon]

another ATH for Kistos today

[egomeister]

classicfred said:

Cineworld taking a hammering this morning......

They need to raise money resulting in existing shareholders getting pretty much wiped out - who knew!

Interesting one from Nightcap this morning - rearrangement and expansion of their debt facilities. They've been very bullish in the recent trading updates, so you have to wonder how much of this bullishness is actually converting to cash. Up 5% today so the market doesn't seem too concerned

[vulture1]

egomeister said:

classicfred said:

Cineworld taking a hammering this morning......

They need to raise money again resulting in existing shareholders getting pretty much wiped out again - who knew! everyone

Interesting one from Nightcap this morning - rearrangement and expansion of their debt facilities. They've been very bullish in the recent trading updates, so you have to wonder how much of this bullishness is actually converting to cash. Up 5% today so the market doesn't seem too concerned

I agree with all your points.

Poeple think that shares like this have a massive upswing potential as (itll go back to pre covid levels) but they never will with this much dillution.

edited to add
" Any deleveraging transaction will likely result in very significant dilution of existing equity interests in Cineworld"

ouch. LSE board think its a good thing.. yes at some point it has to bottom. or go bust...

Edited by vulture1 on Wednesday 17th August 12:15

[ferrisbueller]

vulture1 said:

I agree with all your points.

Poeple think that shares like this have a massive upswing potential as (itll go back to pre covid levels) but they never will with this much dillution.

They were right up to a point. If you look back at the ideal trading times then there were strong recoveries and opportunities e.g. vaccine day. Some of these companies have offered more than one such opportunity but knowing when to get out and stay out was key.

Now circumstances are such that it is very difficult for some of these businesses to ever come back.

[Adam.]

ZIM results out, hugely profitable again, however below consensus so SP may fall (down 5% in pre-market), FY guidance remains

divs continue to be ridiculous

higher quarterly dividend ($4.75), so roughly 10% yield

hold it for 2 years I reckon it would pay the full SP back in divs alone

[vulture1]

I like it and am holding. Might buy a lite more on open today amd then wait and see if it drips further the next week or so. Trying to build up a 10% div plus portfolio and this is a nice one to have. (Obviosly trying to avoid a dividend trap)

[egomeister]

ferrisbueller said:

vulture1 said:

I agree with all your points.

Poeple think that shares like this have a massive upswing potential as (itll go back to pre covid levels) but they never will with this much dillution.

They were right up to a point. If you look back at the ideal trading times then there were strong recoveries and opportunities e.g. vaccine day. Some of these companies have offered more than one such opportunity but knowing when to get out and stay out was key.

Now circumstances are such that it is very difficult for some of these businesses to ever come back.

It was (and still is) a massively indebted dog, with dual kickers of a huge litigation risk and the effects of a pandemic. There was certainly opportunity to trade it, and there may still be money to be made there but the least risky gamble for a long time now has been to short it, and it's still probably the case. I can't see how existing shareholders end up with more than a token amount of the recapitalised business.

[ToastMan76]

egomeister said:

It was (and still is) a massively indebted dog, with dual kickers of a huge litigation risk and the effects of a pandemic. There was certainly opportunity to trade it, and there may still be money to be made there but the least risky gamble for a long time now has been to short it, and it's still probably the case. I can't see how existing shareholders end up with more than a token amount of the recapitalised business.

What do we think of going in at 8p though? Even a modest investment could swing to a 100% return based on the 20p forecast?

[Luke.]

ToastMan76 said:

What do we think of going in at 8p though? Even a modest investment could swing to a 100% return based on the 20p forecast?

Up 26% now.

[egomeister]

ToastMan76 said:

egomeister said:

It was (and still is) a massively indebted dog, with dual kickers of a huge litigation risk and the effects of a pandemic. There was certainly opportunity to trade it, and there may still be money to be made there but the least risky gamble for a long time now has been to short it, and it's still probably the case. I can't see how existing shareholders end up with more than a token amount of the recapitalised business.

What do we think of going in at 8p though? Even a modest investment could swing to a 100% return based on the 20p forecast?

Whether your investment is modest or immodest, it would indeed return 100% if the shares returned to 20p.

By all means throw money in at 8p, or you could save the cash and burn it to keep warm when we run out of energy this winter (can anyone advise if paper or plastic notes would work better?)

Did I mention it's a dog of a company?

Edited to add: There may well be winners who trade some of the wild swings it will likely see, but make no mistake CINE is in its death throes and will only end up with shareholders being wiped out in any practical sense.

Edited by egomeister on Thursday 18th August 10:31

[Adam.]

Luke. said:

ToastMan76 said:

What do we think of going in at 8p though? Even a modest investment could swing to a 100% return based on the 20p forecast?

Up 26% now.

40% now - seems nuts to me and this is day traders playing with the volatility

CINE shareholders will get wiped in a debt for equity deal in the next 3-6 months IMHO

[Phooey]

[vulture1]

Phooey said:

If he thinks there is a squeeze surely you'd want to be long not short?

[petemurphy]

bd:

https://www.newsncr.com/business/student-makes-110...

[ferrisbueller]

Adam. said:

Luke. said:

ToastMan76 said:

What do we think of going in at 8p though? Even a modest investment could swing to a 100% return based on the 20p forecast?

Up 26% now.

40% now - seems nuts to me and this is day traders playing with the volatility

CINE shareholders will get wiped in a debt for equity deal in the next 3-6 months IMHO

Very difficult to time and made even moreso as a PI as there's no guarantee you can buy and sell when you want to. I won't be going back in.