Cineworld Share Discussion Threads

[srpactive] 20/8/2021 11:29

The turning point for the downturn was the pulling of the
bond film, lets hope the indicator for the upturn is the Bond
film release.

Bank holiday next weekend, then September, hoping for a
good news month.

dyor

active

[millenniallnvestor] 20/8/2021 10:48

Enjoy William,

Stay away from those £6.00 haribo's ;)

poundland do great deals on sweets lol

[williamcooper104] 19/8/2021 13:16

I'm booking the family trip to the imax to see Bond at the end of September and very much looking forward to it

[williamcooper104] 19/8/2021 13:14

Wanting to and needing to are two very separate things That Cine needs new equity isn't in question If you're bullish it's because you believe equity can be raised on a recovery at higher levels than the current share price And if you're bullish best not to look at EVs :)

[srpactive] 19/8/2021 13:13

Yes I feel any good industry news will be used to
the maximum to get the industry and values of
stakeholders off the ground.

dyor

active

[deanowls] 19/8/2021 13:11

Looking at the pent up releases there are some big ones coming through over the next few months.

[srpactive] 19/8/2021 12:51

p

But I believe he will get a big pay day if share price
hits a certain figure ( ex stock ). So I would expect
it to happen or a bid.

dyor

active

[peteret] 19/8/2021 12:42

I dont think mooky will want to dilute his substantial share holding.No chance.

[srpactive] 19/8/2021 08:37

mi

Well as very obvious it depends on customers through
the doors.

If the industry gets back on track, I feel a rights issue will
be considered if the share price is well above here.

dyor

[millenniallnvestor] 19/8/2021 08:31

I'm keeping well thanks srp,

Their wallet isn't grinding in the right direction thats for sure!

The idea of loans are for them to be paid back (with interest)

Explain their plan of paying this debt?

[srpactive] 19/8/2021 07:45

Morning jj

Yes quite correct it has not, but it needs to be contained
and lived with now. Test, test and test some more, the world
needs to get back to full steam ahead. The markets price well
in advance, cine I feel are grinding in the right direction.

Hope you are keeping well.

dyor a must.

active

[jubberjim] 19/8/2021 07:31

Watching news on BBC this morning

Covid has not gone away I would not want to be long of any shares connected with entertainment or hospitality at the moment

Trade/tread very carefully for time being if it breaks below 60 watch out

[srpactive] 18/8/2021 20:51

Thank you.

[john09] 18/8/2021 17:34

This is gonna go on a run now

This is the tip i alluded to at the weekend just gone. Probably safe enough to share now

Highly recommended The Momentum Investor

—

Cineworld - Exciting film slate and pent up demand could drive re-rating

65p Epic code: CINE

(Momentum Investor) It’s well-known that entrepreneurs have a higher appetite for risk than most but perhaps none more so than the Greidinger family who effectively gambled their then 28% interest in leading UK and Central European cinema operator Cineworld through the reverse-takeover of Regal, the second largest player in the USA. Although that US$5.8 billion transaction in February 2018 immediately transformed Cineworld’s scale, with turnover and EBITDA profit increasing 255% and 278%, respectively, to US$4.4bn and US$1bn between FY’17-‘19, it also massively increased net debt from US$384m in ‘17 to US$3.5 billion in ’19. Covid has meant the timing, of course, was horrendous as was Cineworld’s incredible doubling down through a proposed US$2.1 billion acquisition of Canadian operator, Cineplex, in December 2019, which would have delivered market leadership across the US and Canada with almost 9,000 screens. It looked to all and sundry that Cineworld would go bust early in the pandemic but somehow the company walked away from Cineplex, citing breaches of deal conditions, although the latter have lodged a legal claim for damages.
Despite posting an adjusted loss of US$2.65 billion with net debt increasing from US$3.5 billion to US$4.6 billion in FY’20, management are on course to win an Olympic medal as a Great Corporate Survivor. Although the Greidingers (through Global City Theatres) were forced to sell 108 million shares to restructure a margin loan agreement, they have retained 20%. More amazing still, the only share dilution has been warrants (strike price: 41.5p), which came attached to new debt and if exercised would dilute shareholders by 9.99%.

In all, management have amassed liquidity of US$600m, enough to cover 10 months of zero trading. However, the good news is that trading has resumed in the USA (73% FY’19 sales) on 2 April, in the UK (15% sales) on 17 May and in Rest of World (12% sales), which includes Israel, Poland, Czech Republic and Romania, in late May / early June.
Cineworld can point to a strong film slate including the latest Bond while broker, Jefferies, believes interims on 12 August will confirm a strong rebound with encouraging admissions data from the US. It says the shares “are attractively valued at c. 30% free cash flow yield” while they trade well below 2019 highs of 322p. Jefferies’ price target is 150p.

[srpactive] 18/8/2021 16:11

Taken out 63.66p as I mentioned the other day, I
would have thought the shorters with access to the
best chartists will be closing if we close above
63.66p.

dyor

active

[peteret] 18/8/2021 12:00

Nice rise Come on cine you can do it.I hope

[srpactive] 18/8/2021 11:27

Bought a few more, hoping for talk of September films etc
starting soon on television etc.

dyor

active

[srpactive] 16/8/2021 13:48

The resistance points on the chart, something funny?

[millenniallnvestor] 16/8/2021 13:29

which crevice did you pull those figures out of this time? lol

[srpactive] 16/8/2021 10:04

Morning all, well that is some target, I would be happy to see
63.66p closed above and a challenge of 67.06p myself.

dyor

Small steps first, hope all posters well long or short.

active

[forfaiter1] 15/8/2021 16:35

Motley fool have tipped the share with a target price of £1.50 over the next 12 months....

[hades1] 15/8/2021 15:29

Sunday Telegraph today - For once they have simply reported the facts but it’s a reminder that the problem is not just going away and that this issue is likely to impact the share price until a least mid October?

Cineworld is braced for a $1.1bn (£800m) legal battle over its abandoned takeover of Canadian rival Cineplex.
Proceedings against the world’s second-biggest cinema chain are set to start on September 13 in an Ontario court.
Cineworld announced plans to buy Cineplex in December 2019 for $2.1bn in a move that Mooky Greidinger, the UK firm’s boss and major shareholder, hoped would make the operator the largest group in North America by number of screens.
The deal fell apart the following summer, with Cineworld claiming Cineplex debt levels exceeded levels required under the terms of the deal. Cineworld then counter-sued for damages relating to financing costs and advisory fees
But Ellis Jacob, chief executive of Cineplex, said last week: “We have spent a significant amount of time and feel confident of our position... We are nearing the completion of the discovery process and remain on target to begin a three to four-week trial on September 13.”
Cineworld declined to comment this weekend ahead of the legal action.
Alongside its half-year results last week, it said: “The directors are of the view that no material liability will arise in respect of this claim.”
The prospect of a large legal payout will heap fresh pressure on the already indebted finances of Cineworld, which last week disclosed it was weighing plans to float part of its US business to raise capital.

[srpactive] 14/8/2021 16:38

Where J09?