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Cineworld worth 0p-1.5p, stay short – Evil Banksta

By Tom Winnifrith | Thursday 8 September 2022

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

My problem, as ever, is being to much of a nice guy. So, generously, have long argued that Cineworld (CINE) shares might be worth 2p. And I stay with that view after yesterday’s Chapter 11 news.  Evil Banksta,, being a bankster, is by definition not a nice guy and so has been even more bearish. He stays short and bearish and argues that, in a best case scenario, the shares are going to 1.5p. And unlike Damian from Northern Ireland who should be in jail, he explains his reasoning in a balanced fashion, thus:

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