Cineworld Share Discussion Threads

[srpactive] 20/11/2020 18:26

m

Just a question.

I was just about to post the same headline, but yours
is better.

f15

Yes hopefully the MF and the DM keep quiet, makes you think
they do not like the cine management, a bit much I feel.

[franky15] 20/11/2020 18:17

As long as the news stays positive over the weekend we should see a big rise Monday GL all the Longs have a relaxing weekend

[mrzeroh] 20/11/2020 18:13

From Telegraph article:

Hopes for a rescue of Cineworld are rising after it emerged the world’s second-biggest cinema chain is in talks to secure lifeline funding from two competing groups.

Hedge funds, which provided a $250m (£190m) loan in June, have offered sufficient extra funding to help the company survive the pandemic.

A second group of longstanding lenders is working on a rival proposal, according to Bloomberg, which first reported the proposals.

The lenders are said to have written to Cineworld earlier this month, complaining about the company pledging assets to the hedge fund group that includes Centerbridge Partners, Arcmont Asset Management and SandGrove Capital Management. The lenders reportedly claimed they have security over the assets in question.

Cineworld declined to comment.

The future of Cineworld, whose acquisitive growth has been masterminded by Israeli businessman Mooky Greidinger in recent years, was thrown into doubt as the pandemic hit earlier this year.

The prospect of two competing factions signals Cineworld will secure at least $200m, an injection that Mr Greidinger recently said the company required.

One source said that a formal deal announcement was “imminent̶1;.

Mr Greidinger wrote to Boris Johnson in October, urging him to offer fresh support, sparking fears for Cineworld, which employs 5,500 people in the UK and 45,000 globally.

Earlier this week, the Financial Times reported that Cineworld was considering a radical restructuring to reduce its rent bill in Britain.

It was said to be planning a company voluntary arrangement to shut some sites, while slashing rent bills for those theatres that remained.

Shares closed 4.3pc higher at 46p, valuing Cineworld at £632m. The stock began the year at 222p.

[mrzeroh] 20/11/2020 18:13

Why would you think there is a sale of business in the US ? They are getting more money to avoid things like that I believe

[srpactive] 20/11/2020 18:10

f15

Excellent post, It does appear something could be sorted maybe
over the weekend. Could an asset sale of the US cinemas be
considered possibly?

dyor high risk

active

Also I find this motley fool crew keep spouting negative articles
every few hours, about time they reigned it in a little I feel.

[mrzeroh] 20/11/2020 18:01

Boix you are a very lucky man not to have opened that short or even more money would have been lost !

I’m actually glad for you

[franky15] 20/11/2020 17:06

https://www.bloombergquint.com/business/cineworld-weighs-rival-rescue-plans-from-lenders-centerbridge

[srpactive] 20/11/2020 13:27

Yes me also, maybe the stores that are definitely closing should be
announced showing outgoings are being reduced with other cost cutting
schedules should be released to raise the share price before RI.

dyor high risk

[ckafetz] 20/11/2020 13:07

I prefer a bored board and steady upward ticks 👍🏼

[srpactive] 20/11/2020 12:21

j

It appears no one is now, old news and has bored investors.

They have moved on to something new.

dyor high risk

[boix] 20/11/2020 12:01

Sadly did not reached 50p target for my short sell!
Better luck this afternoon but the price is being tightly controlled on L2 order book.

[srpactive] 20/11/2020 07:49

Nothing from the company after all the headlines,
so cannot be all bad, we shall see.

Edit

Bought some more earlier, if they are going to carry out a RI,
surely thye will be attempting to get the share price much higher
to be able to offer a small discount and still raise enough to bother.

dyor high risk

[boix] 19/11/2020 22:56

Sleep well.

[boix] 19/11/2020 22:30

......and you are right someone held the share price up all day.My guess is an imminent rights issue.Hopefully after I place another short position?Do your own research and stay safe.

[boix] 19/11/2020 22:24

Perhaps but none of the data is robust.It excludes everything under 0.5 and no data show's a significant change.It is the headline anyway.Tomorrow will be interesting.Good luck as I am currently out anyway.

[bpc10] 19/11/2020 22:24

New lows coming here imo

[srpactive] 19/11/2020 22:19

Not it is not old data.

Come on

[boix] 19/11/2020 22:13

Most shorted stock on LSE - institutions/hedge funds anyway.
PIs - who knows?

[srpactive] 19/11/2020 22:06

b

Nothing has happened we have vaccines about to be
available which will open the entertainment industry up
sooner, banks and the government need to help pre covid
profitable companies as this is.

dyor high risk

[mrzeroh] 19/11/2020 21:44

PI barely dent this share Boix. You really don't understand how this is being manipulated. Your 2000 shares or even 50000 shares are not swinging the price up and down. These are institutions and big players moving this share up and down. The 64p was a rush of buying by MM and they dropped the price with a sell off.

[srpactive] 19/11/2020 21:41

Really, why are you so driven to short cine, when you say
you do not short? Go long something like vec.

[john09] 19/11/2020 21:40

So you’ll open a short at 50p and not at 44p lol but its going back to the teens?? Not sure the stock market is for you

[boix] 19/11/2020 21:40

No that's why PIs bought it up.Whatever happens will revisit the lows of 16p ish as nothing has changed for Cineworld's P&L