Cineworld Share Discussion Threads

[werethereisawill] 30/6/2023 16:13

PWhite
Or pounds and dollars

[pwhite73] 30/6/2023 14:23

Werethereisawill - Thanks but the only film shareholders are interested in at the moment is:-

'Cineworld Group Plc The Movie (Director's cut £35m) PG.'

[werethereisawill] 30/6/2023 14:14

Indiana Jones is great fun
Go and see it, they de-aged him in parts of it. !

[williamcooper104] 30/6/2023 13:27

A lot of it is wrapped up in CLOs

[pwhite73] 30/6/2023 12:20

hpcg - I have my doubts that the Greindingers will be cast aside that's why the C11 proposal hasn't named the new directors but happy to name the Chairman. The Greindinger name is synonymous with cinema theatres it is effectively a global brand name within the walls of the industry. A 100 years they've been in the business. Trying to run the business without them is like trying to run Berkshire Hathaway without Warren Buffet whilst he's still fit and healthy.

Secondly in reality there is no newco. HMRC tax and fraud inspectors refer to what is going on here as a Phoenix company, meaning the same company simply trading under a different name. The company itself has not been restructured in any shape form or size. No store closures, no mergers, no redundancies, no nothing. Only the financing has changed but that does not make for a new company.

Lets hope the FCA and the High Court see through this charade.

[hpcg] 30/6/2023 11:09

PWhite - a agree with you very much about the Greindingers getting anything at all. It is most likely the case that the creditors did not want to run the show through C11 as they (presumably) had no one suitable to put in place. This is common though, existing management is kept on for a bit and then cast aside as soon as the new co is running. This is what happened to the company I worked for that went through C11.

[buywell3] 29/6/2023 20:37

buywell3 - 05 Oct 2020 - 08:29:58 - 4462 of 11659 CINEWORLD - CINE

buywell is of the opinion that what has unfortunately happened here due to Covid-19 is going to be replicated in many other businesses that operate with lots of people confined inside a building or large inside area for hours together.


Survival = cash preservation and cost reduction.

[lthtrust] 29/6/2023 19:24

Mooky and the board of directors have done a deal with the creditors. It is quite common that the directors do a deal with creditors when there is a company restructuring. It doesn't affect existing shareholders in any way, they still get NOTHING.

[werethereisawill] 29/6/2023 19:14

The conservative government started employee share schemes in order to cut down on strikes
This conservative government should bear this in mind when administration is asked for in the UK ?

[pwhite73] 29/6/2023 18:53

My understanding is that the year end results to 30/06/2023 are not due to be published until 31/12/2023.Interesting to see what happens over the next two days.

[cambridge130] 29/6/2023 18:48

yup one more day until the losers get their final kick in the nads

[loglorry1] 29/6/2023 18:02

Only one more day of trading and unless they get results out they'll be suspended.

[cambridge130] 29/6/2023 15:43

Yes do what Melegramforttongo said, put everything you can on CINE especially the biggest losers on here! Raid your kids bank accounts, it's a 100% sure fire winner LOL !!!!!!

[thomstar] 29/6/2023 15:40

Worth less than used toilet paper

[cambridge130] 29/6/2023 15:39

Where's the shoe shiner?

100% loss in CINE suckers

[melegramforttongo] 29/6/2023 12:54

Now is the time to triple down and put everything ( including one’s shirt and the children’s future ) into CINE
A ten thousand pound investment could THOUSAND BAG from here .

Don’t say I didn’t tell you when you miss out.

I will be watching from the sidelines as having made my money ,I just try to help investors these days .

10k to 10 million
It could happen

[pwhite73] 29/6/2023 11:27

millimeterbrain - If I were a lawyer I would gladly take on this case for the UK shareholders in the High Court on a no win no fee basis.

Three directors sell their company to the creditors in exchange for debt write off and capital injection. In return they share £35 million plus 7.5% in the newco when their company is suppose to be 'hopelessly insolvent'. If that's not financial malfeasance then I don't know what is.

The Greindingers are de facto shareholders being compensated.

[bbmsionlypostafter mk2] 29/6/2023 11:25

log,

Why do you bother?

[loglorry1] 29/6/2023 11:09

'substantially all'

Yes I've heard that a wonky staple gun is being left behind in the current TopCo.

Give me strenght.

[pwhite73] 29/6/2023 11:07

JakNife - "and all the assets being transferred to a NewCo 100% owned by Cineworld' creditors."

That's not what Cineworld said.

RNS 26/06/2023 - "they will take steps through which 'substantially all' of Cineworld Group plc's assets..."