Cineworld Share Discussion Threads

[blackhorse23] 14/6/2023 06:58

They are filling bankruptcy in UK

[williamcooper104] 14/6/2023 00:29

Right so there's going to be a legal fight in the UK and not even the ambulance chasing lawyers are showing up

[pwhite73] 13/6/2023 23:55

JakNife - "Where's PWhite73 to tell us that the administration is illegal"

Stop lying I never said that. How can administration be illegal when it is a process sanctioned by the High Court.

The decision to implement the C11 process in the UK was stated in virtually every docket. My argument was and still is that when they try to move the C11 process to the UK is when the fight for the shareholders really begins.

tron22 would best be saving his time and money for a legal challenge in the UK where the Plc is registered.

[tonysss13] 13/6/2023 22:39

Kleinman is the best in the business, no way he will have this wrong.

They may even fess up & suspend tomorrow morning.

[williamcooper104] 13/6/2023 22:26

And the funders of the rights issue are the creditors There's no third party money

[williamcooper104] 13/6/2023 22:26

I've never seen speculation on a company about to go into admin being wrong; the journalists usually get it from the bankers working on it The rights issue isn't a bonus for creditors; it just shows that without extra cash there's no chance of a creditable business case working

[werethereisawill] 13/6/2023 22:03

I think that sky article is just speculation!
If I was buying that 800 million rights issue I would be thinking that if they could treat the present shareholders ( and some are company employees ) so badly , what is to stop them doing the same thing to me ?

[cambridge130] 13/6/2023 21:54

LOL goodbye 100% loss for the magic 100 with lawyering up. Life savings down the spout for all of them

[werethereisawill] 13/6/2023 21:28

They must be very confident about the future then ?

[werethereisawill] 13/6/2023 21:19

So JakNife what about this 800 million rights issue ?

[loglorry1] 13/6/2023 19:45

Good that they are getting setup in advance of the 28th so that they can put CINE into admin quickly.

What was that about sugar lumps PWhite?

[loglorry1] 13/6/2023 19:25

Excellent news JakNife and about time.

[werethereisawill] 13/6/2023 18:18

The name of the movie will be Mookey !
How I saved my family’s business .

[werethereisawill] 13/6/2023 18:14

I don’t understand the waste of a talent that is clearly JakNife spending so much time and effort on a ‘dead’ cat ?

[werethereisawill] 13/6/2023 18:09

Things can only go up from now on .
One can see the positive results from buying Regal .
Making a profit already

[jaknife] 13/6/2023 18:05

tron343,

"Every stone needs to be unturned in order to leverage a better deal that includes shareholders."

What makes you think that shareholders deserve anything?

Your company has defaulted on its debts and has had to negotiate with its creditors in order to convince them to write off $4.5bn of debt in order to restore the balance sheet to a sustainable level. If anything, shareholders should be forced to put money into the company in order to repay that $4.5bn - which equates to about £2.60 a share.

JakNife

[lthtrust] 13/6/2023 17:28

Cineworld's shareholders are expected to receive nothing. If, in the very likely event that Cineworld's Creditors are not repaid in full, Cineworld's shareholders will be wiped out. Shareholders are the high risk investors at the back of the queue to receive anything. But then all the LTH should already know this. I wonder what valuation the BB Cineworld valuation experts would put on Costain, Profitable, Over a billion £ revenues, oh and an enterprise value of around £35 Million.

[tron343] 13/6/2023 16:44

The emergency motion has been filed with the Texas courts on behalf of shareholders.
Every stone needs to be unturned in order to leverage a better deal that includes shareholders.

[werethereisawill] 13/6/2023 11:57

There you are JakNife things are turning around at last . Bigger improvements for May ? June ?
Does this highlights the wisdom of buying Regal !?
The synergies they talked about coming into fruition?

[jaknife] 13/6/2023 10:05

Cineworld have published the monthly management accounts for April:

UK Debtor Group, including head office expenses


Loss of $44.4m

US Debtor Group


Profit of $45.7m


Picturehouse


Loss of $0.1m


So overall there was a profit of $1.2m for the month of April.


JakNife