Cineworld Share Discussion Threads

[pwhite73] 04/7/2023 09:04

Pre-packs do exist but by law they require the independent valuation of the company's assets. CINE's global assets have not been independently valued. PJT Partners were part of the CINE C11 team from the very outset and had a vested interested in lowering the value to only $3 billion so the court could deem CINE 'hopelessly insolvent'.

This was the key element of the Shareholder's Committee argument against the C11 proposals.

[monte1] 04/7/2023 08:51

Oh, pre-packs don’t exist in the UK then?

Whoever would have thunk it?

[pwhite73] 04/7/2023 08:49

The reason why administrators have not yet been appointed one week after C11 confirmation is because there would be behind the scenes ramblings going on between, the administrators AlixPartners, the FCA, the High Court and any legal parties opposed to the application for administration.

The group Plc agrees a rescue package with its lenders and then tries to convince the regulatory authorities the company can only be saved if the group Plc is deemed insolvent.

That's not how insolvency works in the UK. You make an application for administration first on the grounds of insolvency and then your rescue package is put in place.

There is such a process as Cross Border Insolvency but it does not apply to CINE as it is registered and listed in the UK.

[werethereisawill] 03/7/2023 11:56

Mill
Walt Disney perhaps !?
Honestly these companies could literally print money with a bit of imagination! Go figure !

[millennialinvestor] 03/7/2023 11:20

Are you funding the dividends yourself were?

[werethereisawill] 03/7/2023 10:45

Dividends is the answer … come on Mookey !
A small div will keep the shareholders employees happy too
And should improve the labour turn over of the company !
And give the shorters a kick up the you know what and that would be a bonus

[millennialinvestor] 03/7/2023 10:44

shareholders getting more than 0p is mission impossible.

[werethereisawill] 03/7/2023 10:37

Walt Disney are releasing 8 major movies back into the cinemas starting on 7 th July including Pirates of the Caribbean and Frozen and they think these will do better than some of the new ones but I’m sure no match to mission Impossible !

[millennialinvestor] 03/7/2023 10:31

I'd say sweat pick n mix is accurate. Sweaty fingers and dribble mix.

[monte1] 03/7/2023 10:28

‘pick n mix sweat’ - think I might pass on that one.

[williamcooper104] 03/7/2023 10:24

Oh well; I was thinking more pick n mix sweat than popcorn

[jaknife] 03/7/2023 10:19

Williamcooper104,

"Actually there’s a chance of a dividend

If the money left in the holdco is in excess of what’s required in legal/admin fees

But we are not talking popcorn buying money dividend"


I wouldn't be so sure about that. The UK plc is going to be left with peanuts in terms of cash but it has two direct major liabilities:

1. The convertible bond was issued by the PLC, and

2. The $1bn+ Cineplex legal claim is ultimately a liability of the PLC as a consequence of a guarantee.

JakNife

[dil 21] 03/7/2023 10:10

bbm , I am … he’s nuts :-)

[williamcooper104] 03/7/2023 09:48

Actually there's a chance of a dividend If the money left in the holdco is in excess of what's required in legal/admin feesBut we are not talking popcorn buying money dividend

[loglorry1] 03/7/2023 09:43

Who cares about the accounts and suspension. It makes no difference its going to be put into admin soon anyway.

[bbmsionlypostafter mk2] 03/7/2023 09:40

ll,

Are you following PW73's sage pronouncements on the VRS threads?

[loglorry1] 03/7/2023 09:39

Werethereisawill - the current CINE will never pay a dividend again. It will shortly have no assets and be wound up. You are being ridiculous again.

[pwhite73] 03/7/2023 09:30

The FCA would suspend the stock if accounts are late no ifs or buts about it. CINE's accounts are not late as the year end has been extended to 30/06/23.

[werethereisawill] 03/7/2023 09:28

Do delisted stocks pay dividends?
If a stock is delisted, it means that it is no longer trading on a major stock exchange. However, it is still possible for a delisted stock to pay dividends, as long as the company remains in business and is still generating profits. 11 Oct 2018
O hxxps://www.quora.com › Can-a-deli…..
Can a delisted stock pay dividends? - Quora

JakeNife is the above true ?

[loglorry1] 03/7/2023 09:21

Why would shorts want the company suspended. We get paid when it goes into admin. Better for them to trade so we can add to shorts on spikes. You have no clue PWhite. The interims still need to be published but I guess CINE don't care. You can't pluck a chicken twice and it won't exist much longer so why bother with accounts. The FCA won't do much about it as there is no point.

[pwhite73] 03/7/2023 09:10

The shares are only up because some people were shorting certain it would be suspended today. As this is no longer the case the nervous are closing their shorts ahead of any problems with the application for administration.

[thomstar] 03/7/2023 09:07

How is this still going ???

[werethereisawill] 03/7/2023 09:04

Yes 7:30 been and gone !