Cineworld Share Discussion Threads

[srpactive] 21/11/2020 17:43

w104

That is not a crime, trying to grow via leverage is how most
involved in property grow.

Come on you know what I mean.

What price are you short from?

[williamcooper104] 21/11/2020 17:29

The company has done plenty wrong Over leveraged, over distributing and under investing

[srpactive] 21/11/2020 17:15

Yes I am positive, a lot here must be staff of
shorters, they should have closed in the 20p's they had plenty of chance, the
masters Blackrock have.
The profits over the past five years have shown they are a good company employing
people, paying taxes and helping the high street. We should all want cine
to survive and prosper, the likes of Marshall Wace should be ashamed of
themselves for if they are not capable of making money going long they
should not be fund managers.

I accept the shorters argument when they find a company doing wrong
but not just to ruin a company just for profit..

Enough of trying to find the negative all the time, the company as
w123 has stated should be applauded for sorting things out with TWO
money organisations wanting to help out.

dyor loking forward to Monday morning.

active

[whites123] 21/11/2020 16:36

LOL....

Positivity abound..

But the press whilst having to report that CINE is not going bust anytime soon, and also confirm that shareholders are not going to be wiped out and report that there is more than one set of potential "Bidders" (Rescue plans) still cannot help themselves..

I did love the "Swathes of cinemas closing forever" comment... LOL.... LOL....
When the FACT is CINE are "Considering" full closure of a few non viable cinemas...

Heck, this is good and prudent business... and believe it or not CINE would have been "Considering" closing non viable cinemas even when times were good..

Peel Hunt were likely very right in that "BID(S)" are imminent..

The Know it all's here are wrong on a daily basis yet are still the most vocal here.

I suspect the press may be lining up for some headline grabbing exposes for the weekend.

But those who know will know..

Shareholders will not be wiped out.
CINE will survive.
SP will rise substantially.

Will we get the short squeeze so many of us hope to see? That remains to be seen.

Lets hope...

I expect even the doomsayers here will all champion the possibility of CINE survival and a Short Squeeze as well wont they??
After all we all want to see the cinema chain carry on and provide employment to thousands.. So lets all congratulate the BOD and wish them the very best success in securing plans and financing that will not just see CINE prosper but also ensure the shorts hurt and hurt badly... :-)

[williamcooper104] 21/11/2020 13:34

A CVA is an absolute necessity (and huge long term upside to Enterprise Value) The new lending will likely in part be used to fund a CVA (£20-50m cost - very rough estimate - including rent one of payments to landlords) CVAs only deal with U.K. lease liabilities - not sure how they cram down leases in US outside of C11 - or landlords not behaving like landlords :)

[mrzeroh] 21/11/2020 13:09

Sigh, people need things to talk about and stay relevant. The FT article on the POSSIBLE CVA is nonsense as we knew this when it was reported over a month ago in a preceding article where it stated CVA was a possibility. If were going to dismiss the lending article as rumour why are we taking the FT article as gospel ?

Furthermore if lending is secured why would they need todo a CVA in the first place ?

[boix] 21/11/2020 09:45

Worth a listen dated 19th Novemberhttps://www.youtube.com/watch?v=zqNGih13GHQ

[ckafetz] 21/11/2020 08:50

Cheers for answers

[srpactive] 21/11/2020 08:01

w104

I see two companies coming forward with money to help, positive myself.
Like offering to pay the mortgage while you get the job.


dyor

[williamcooper104] 21/11/2020 07:58

The bank revolver and bonds are unsecured Given weaknesses in credit docs there's often now limited/much less negative pledge protection (negative pledge is what protects unsecured lenders from being subordinated) - so that means Cine can offer new lenders security - putting them ahead of other lenders - however the degree to which that can be done may be litigated/not clear But those unsecured lenders need to waive covenants

[srpactive] 21/11/2020 07:49

c

No, the city just want to see funds in the bank to survive.

dyor

[ckafetz] 20/11/2020 22:25

So if this happened and it was secured against assets does that mean it would necessarily have a negative impact on the share price short term?



mrzeroh20 Nov '20 - 22:08 - 5439 of 5443

Secured on assets not shares. Most loans are secured against something.

[boix] 20/11/2020 22:23

Bloomberg reported 1519 GMT today so without more information it’s all in the price.
So many rumours circulating

[john09] 20/11/2020 22:19

Another 2 buts ^ see

I’m genius .

[boix] 20/11/2020 22:18

Time will tell but it has to be larger than reported to satisfy all especially those further up - shareholders are at the bottom of the tree.Let's see but progress for employees

[john09] 20/11/2020 22:18

He said today “would be interesting” and implied the price would tank. It didn’t . It’s up over 4% today

He will do the same all weekend seen his type before. Stuff like “I hope I’m wrong but I think shareholders will get wiped out on Monday” etc 🤭🤣 many like post 5436 will follow . There are 3 buts in that post. Tedious

[mrzeroh] 20/11/2020 22:12

Boix it’s sad you cannot appreciate the tide has changed, good news is good news. Securing more lending means the likelihood of shareholders being hit is significantly less.

[mrzeroh] 20/11/2020 22:08

Secured on assets not shares. Most loans are secured against something.

[ckafetz] 20/11/2020 21:59

So a hedge fund gives Cineworld funds. What does the hedge fund get out of it the ? Shares?

[john09] 20/11/2020 21:54

Here he is 😴

[boix] 20/11/2020 21:27

If true it is progress.
But having read the full Bloomberg article I am not convinced this will benefit existing shareholders but it will certainly benefit former employees - that’s the best outcome.
Have a better weekend but shareholders might not be off the hook yet.

[srpactive] 20/11/2020 20:35

I like these lines.

===============

Cineworld is weighing up two rival rescue offers that would drag the world's second-biggest cinema operator back from the brink of collapse.

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

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

[srpactive] 20/11/2020 18:37

Shorts down to 7.3%, two creeks have closed all shorts to 0%.

More data shows down to 6.27%
Blackrock reduced right down, Marshall Wace down and also AHL down.

Fingers crossed.

Lets hope some good news for once.

dyor