Cineworld Share Discussion Threads

[crazi] 24/11/2020 10:47

Looking good

[srpactive] 24/11/2020 10:39

c

Yes not a problem for me, I am looking to hold
and increase for the next few years at least.

dyor

active

[crazi] 24/11/2020 10:36

60 breached easy enough... onwards

The only resistance is large buy orders trying to hold it back as long as possible..

[john09] 24/11/2020 10:22

“But at least for today” Er 3 days BOIX but who was counting

[srpactive] 24/11/2020 10:18

FT another short helper.

[crazi] 24/11/2020 10:14

and at 27% pre-covid level - what a bargain! :-)

[john09] 24/11/2020 10:08

It’s Mr But lol

He even starts with a But hahah

[boix] 24/11/2020 10:07

Today's FT
But shares having a good run at least for today.
Could be worth a trade but depends on your risk appetite - maybe not a long term hold as a lot of head winds.
Just IMO

"Cineworld, the world’s second largest cinema chain, has secured more than $750m of extra funding after the closure of its screens across the US and UK forced it into emergency talks with lenders.
Shares in the chain leapt by almost a fifth on Monday morning following the announcement of a series of cost cuts and loans that will give it $4.9bn in total debt financing to see it through the remainder of the Covid-19 crisis.
The group said it had secured a new $450m loan and an extension of its $111m revolving credit facility, as well as waivers on all of its bank covenants until June 2022. It will also issue equity warrants of up to around 10 per cent of its ordinary issued share capital.
Cineworld, which already had £6.2bn of debt following its acquisition of the Regal cinema chain in 2018, added that it would be able to bring forward a $200m tax rebate in the US to early next year.
Cinema owners across the industry have been rushing to secure financial lifelines after Hollywood studios postponed most of their blockbuster film releases until spring 2021.
Rival chain AMC, which owns the Odeon cinema group, is still in talks with lenders after it warned in October that it could run out of cash by the end of the year.
The pandemic has also brought forward other existential questions about the industry. Several studios have announced that major movies, such as the Warner Bros Wonder Woman film due out in December, will debut on streaming platforms either exclusively or at the same time as their release on the big screen.
AMC, Cinemark and Cineplex are among chains that have signed deals with studios agreeing a shorter window for showing films exclusively in cinemas.
Cineworld said that it was now operating under a likely scenario that its cinemas would reopen in May 2021.
The first of the delayed movie releases, including MGM's new James Bond film No Time to Die, are expected in April.
Cineworld said that it had also worked to reduce monthly cash burn to around $60m, but added that it was continuing discussions with landlords and suppliers across its estate to reduce costs.
Analysts at the investment bank Peel Hunt said that the measures would “pivot Cineworld from the edge of a precipice to having breathing space to get through the winter” but Ed Young, an analyst at Morgan Stanley warned that the medium term debt level looked “unsustainable” and that the overall outlook for the industry was negative."

[srpactive] 24/11/2020 09:58

Like going to the pub.

[srpactive] 24/11/2020 09:14

b

The only corpse is your investment, now lets talk positive
perhaps, Christmas spirit and all that.

dyor

active

[bookbroker] 24/11/2020 09:02

Doubt this will thrive much longer, already suffering before the pandemic, as soon as it reaches a certain level there will be a debt for equity swap, no chance of raising cash at current valuation and level of debt. Do you really think the lenders are going to let this company ride rough-shod over them, absolutely not, it’s a walking corpse!

[crazi] 24/11/2020 09:01

Pretty simple...imho

Trading at 27% of pre-covid level
Have plenty cash to see them through
Vaccines a plenty on the way in a week or two
In 4 months or so Hollywood will start pumping out the big new films as they need the money also.

Share price easily recovers to circa 140 level quickly and slower from there.

And the whole time they are a very attractive take over bid!

[williamcooper104] 24/11/2020 08:50

Mrzeroh A CVA is not necessarily for a company that's insolvent You do not need to be insolvent to do a CVA - hence why they are more than a little controversial And conversely - they are much harder to do if you don't have any cash/assets

[leadersoffice] 24/11/2020 08:32

It's the Santa rally ....started early lol

[leadersoffice] 24/11/2020 08:31

Futures looking good. Rebalancing of portfolios later this week and it's a shortened week what with thanksgiving

[crazi] 24/11/2020 08:03

Yanks are really pushing that Dow towards 30,000 today

[boix] 24/11/2020 06:44

Still neither long or short.
Imminent CVA and the studios reshuffling the slate still on the horizon.
CVA should help renegotions over reducing UK lease cost but no equivalent in the USA.
All good news out now.
Only bad news left.
Let’s hope the vaccination program works quickly and streaming slows down.
Even more debt and even more shareholder dilution possible - dividends??
Also not convinced short positions will close significantly on this news - still much uncertainty.
Will wait.
Better risk/rewards out there at the moment.
Just in my opinion and I am sure my comments wont be popular with longs.
DYOR

[srpactive] 23/11/2020 20:56

f

Is Christmas this weekend?