Cineworld Share Discussion Threads

[bricktycoon] 23/3/2020 14:31

Massive gap down imminent sub 20 p today then on towards zero debt is out of control and banks want the equity single figures tomorrow get out while u can sell sell sell the final curtain is about to fall on cineworld

[bricktycoon] 23/3/2020 14:07

Sell sell sell debt for equity swap news in the morning sending this to zero get out while u still can sub 20 p this afternoon zero value for shareholders 3.4 billion debt game over final curtain zero pence this week get out while u still can

[bricktycoon] 23/3/2020 13:22

This is bust zero coming very soon debt for equity news in the morning. This has zero value for shareholders 3.4 billion debt and zero sales no one will go cinemas again covid 19 has bankrupt cineworld sell while u still can flash crash coming sell sell sell

[willisa1] 23/3/2020 13:06

I wish I had brought into this share price and not of listened to people on here that said the company will go bankrupt. Even at todays price I would still put a buy rating on Cineworld share price.

[bricktycoon] 23/3/2020 12:29

Flash crash coming the board are about to announce zero value for shareholders get out while u can 3.4 billion debt sub 20 p this afternoon sell sell sell

[bricktycoon] 23/3/2020 11:58

Sell sell sell zero value for shareholders get out while u can sub 10 p tomorrow save what equity u have left 3.4 billion debt flash crash to sub 20 p imminent this afternoon big sells coming in final curtain

[bricktycoon] 23/3/2020 11:25

Sell while u can zero value for shareholders 3.4 billion debt and no cash the banks want there money flash crash below 20 p today huge sells coming in 0 p very soon

[bricktycoon] 23/3/2020 11:15

Flash crash coming sub 10 p imminent with 3.4 billion debt and zero income this bust sell sell sell

[bricktycoon] 23/3/2020 10:53

3.4 billion debt zero sales cinemas on lockdown covid 19 out of control flash coming sub 10 p imminent get out while u can

[bricktycoon] 23/3/2020 10:50

Bankrupt this week sub 20 p coming today then death spiral towards zero news leaked this is bust get out while u can

[bricktycoon] 23/3/2020 10:46

This is bust 3.4 billion debt out of control cash burn 0 p coming thus week sell while u still can zero value for shareholders the bank want there money and cineworld have zero cash sell sell sell

[likya123] 23/3/2020 09:54

I urge you all to watch the SNG proactive video with their CEO this morning.

VIDEO - SNG CEO Richard Marsden speaks to Proactive Investor
23 mar 20

[masurenguy] 23/3/2020 09:46

Good post Williamcooper - that succinctly summarises why I also think CINE is currently uninvestable !

[williamcooper104] 23/3/2020 09:12

That's the financial debt There's that again in lease liabilities Shame - could be a great value buy - but without understanding a lot more about their debt structure, and who their main creditors are its (IMO) uninvestable In distressed situations you get some of the most sophisticated investors in the world jumping in all over the capital structure; and to use that old poker saying - if you don't know at the table who's the idiot - then you are the idiotAnd that's what I feel buying cine equity is at the moment

[pembury] 23/3/2020 08:47

what about the levels of debt here!

last time i looked it was over $3bn

[value viper] 21/3/2020 11:37

it's a north american business (85%) ; how do they as a co get any UK assistance ?
hhmm

[williamcooper104] 21/3/2020 11:10

prmoldoaks If cine were just a UK based company and just had one or a few U.K. clearing banks as their lenders then you could well be right But they have funded themselves in the high yield market, their debt would have originally been owned by debt funds, CLOs, trading desks at banks, and by now a lot will be held by distressed debt investors who would quite like to own a cinema chain on the cheap Lower interest rates actually make things worse Cines debt being so high will not be floating rate it will be hedged via swaps and the swap break costs increase the future interest rates fall - so th

[john09] 21/3/2020 09:23

A certain tip sheet has sold this weekend

[gisjob2] 21/3/2020 06:07

Just a thought, all the details about government paying 80% of wages etc is in this country what are all the terms in the US ? And soon to be Canada ? Should this drag on. CINE have a large footprint in the US now.

[prmoldoaks] 21/3/2020 00:43

Williamcooper104

I think you may find otherwise.

These are exceptional circumstances, with interest rates reduced to 0.1% Cineworld will defend using force majeure, and be able to continue with the banking covenants extended (outbreak period) with Goverment support. Besides the banks would never be able to enforce this and nor would they want to, Cineworld will be paying them good rates of interest after the dust settles, whilst bank base rates remain low for years and Cineworld could actually go out and refinance later to get better terms.

[williamcooper104] 20/3/2020 23:13

Agree that rents and a lot of costs can be deferred But they will still breach banking covenants - the standard MAC clause is easily breached never mind anything else - and no way covenants are getting waived while divis are being paid

[williamcooper104] 20/3/2020 23:11

Owned Cine from 2009 until quite recently - return of capital was final straw and sold remaining holding

[prmoldoaks] 20/3/2020 23:00

Wildsheroo

All Cineworld's were Closed Wednesday, this news today will impact positively as the goverment have provided a grant that will cut Cineworlds wage bill by 80% and retain staff.

[prmoldoaks] 20/3/2020 22:56

Cineworld Dividend is still being paid, not yet suspended, besides many of the top brass have serious holdings.

If they do suspend the Divi it will only underpin the company, the stocks are attractive for medium-term growth far in excess of the small Divi they pay, shareholders can gain that in a second as this stock rises.

Cineworld can weather this storm easily;

Lets looking at why this is a very good medium-term play;

1. Recent financials released showing good Profitability and ability to return Divi.
2. They don't pay for Films if they don't show them
2a. They don't pay for pepsi if they don't sell it
3. They will pay NO BUSINES RATES for 12 Months
4. Staff costs reduced by 80% following todays announcement and grant
5. Movie studio's holding off release of some future Blockbusters inc James Bond,
Peter Rabit, Wonderwoman and Many more.
6. Landlords Nearly all Pension Funds, will, without doubt, relax rent (if necessary)
to keep strong tenant in place.
7. Huge list of Blockbuster films building up for release, as soon as Cinemas open there will be a huge influx of customers flooding back to see the films they would have seen during the closure, resulting in increased revenue early.

With the savings on the Rates for 12 Months, If Cineworld stays closed for 6 months the savings will cover the rent.

The RNS this evening shows Goldman Sachs Group building a very big stake in the company.

As long as you are prepared to hold for 6/12/18 months I can see some handsome gains here.

[john09] 20/3/2020 18:50

So why are you here and not at the newsagent