Cineworld Share Discussion Threads

[philanderer] 07/1/2018 10:14

If there's a better Western this year than 'Hostiles' I'd be very surprised. Oscar nomination for Bale ;-)

[philanderer] 06/1/2018 11:02

Cinema box office in UK and Ireland breaks record third year in a row

[ccraig69] 18/12/2017 17:47

email the director

[wolfhound1] 13/12/2017 17:50

hxxp://927thevan.com/news/articles/2017/dec/12/major-cineworld-investor-uncomfortable-with-debt-for-regal-deal/

[wolfhound1] 13/12/2017 09:30

Suspect we will see a short attack between publishing and take up of rights issue - that is sweet spot for stake building IMHO.

[nav_mike] 06/12/2017 12:02

Started building a position this morning as I think this deal will propell CINE higher over the next 18 months or so.

It seems the Singapore government is the sovereign fund getting involved in the rights
issue

[mozy123] 06/12/2017 10:05

I like the deal - and management havnt let us down before.

The average ticket price and spend is low compared to the UK. Huge scope to grow earnings. Cinema box office taking have been growing for teh last 20 years.

While its not spectacular growth and there are head winds like netflix and streaming its a solid earning industry with solid margins.

At 8 times earnings it looks a great deal. hopefully long term the combined can have a p/e ratio similar to Cineworld currently.

Taking my rights.

[karateboy] 05/12/2017 21:55

Company will be listed in the Ftse 100 when take over is completed. That will help the share price in February. I will be taking my right issus. As the company's assets increases, the dilution should not be significant. Dividend is also will be paid for years to come .

[grahamburn] 05/12/2017 10:17

trt is only correct if current shareholders do NOT take up their rights issue entitlement.

[rimmy2000] 05/12/2017 10:14

trt's post is incorrect:

Balanced funding package
 Fully underwritten rights issue to raise
c.£1.7 billion / c.$2.3 billion
 Committed debt facilities of
c.$4.0 billion / c.£3.0 billion

source hxxp://www.cineworldplc.com/~/media/files/c/cineworld-plc/disclaimer-pdf/2017-12-05-cineworld-regal-acquisition-investor-presentation.pdf

[trt] 05/12/2017 09:49

Bad news a rights issue. Current shareholders holdings will be severely diluted. Could see this drop below £5 now.

[philanderer] 05/12/2017 09:48

Peel Hunt downgrade to 'hold'...... tp 600p cut from 725p

[rimmy2000] 30/11/2017 10:45

hxxps://www.thetimes.co.uk/article/takeover-is-more-than-a-screen-saver-kcx6qh5d8

[ddubzy] 30/11/2017 08:18

Trt, it's all speculation, you know no details or if it's even going to proceed...

[trt] 29/11/2017 16:42

Could see this dropping below £5 the market doesn't like the rights issue. Overplaying themselves in terms of expansion.

[ddubzy] 29/11/2017 16:41

Surely a decent buy around here?

[ddubzy] 29/11/2017 16:40

Seems a bit over cooked, 20% drop in no real news, or something that may never happen

[chris79] 29/11/2017 16:23

I have bought in on the basis that the deal makes no sense.........however there are few easier ways to see a 25% surge in your share price than the company, whether due to shareholder pressure or not, saying 'erm, that announcement we put out on 29th November, we've decided not to do it'.

[trytotakeiteasy] 29/11/2017 15:53

why get into the highly mature and struggling US cinema sector????? Makes no sense....

[ianood] 29/11/2017 14:40

What would be CINE's value on NASDAQ?

[grahamburn] 29/11/2017 14:23

Re the earlier posts on the relative mismatch in the sizes of Cineworld and Regal. It shouldn't be forgotten by old hands that back in 2014 when Cineworld theoretically "took over" the business controlled by the Greidingers (can't remember its name offhand), it was really the other way round as the Greidingers jumped into the top management seats. That might set a precedent for the deal with Regal because the Greidingers' business in Israel and eastern Europe was much smaller than Cineworld at that time.

In short, the Greidingers have past form of seeming to biting off more than they can chew, but then turning the combined businesses into something much bigger.

However, having said that, the nominal size of Regal's debts does appear to be high, though any eventual deal could be structured to take care of that aspect. However, that could be a bigger ask after today's share price fall as any rights issue will be harder to get away.

Right now, the jury's out. If the putative deal falls, then the share price will undoubtedly bounce back though not necessarily to where it was yesterday as the Greidingers' reputations will have taken a knock. On the other hand, the share price could also recover a little if the deal is well structured in Cineworld's favour, not to mention in shareholders' favour as well in terms of a decent rights issue discount.

[trt] 29/11/2017 13:30

They need too - a rights issue oh dear !!

[trytotakeiteasy] 29/11/2017 13:21

Will need to be voted by Cineworld shareholders. So they can reject it.