Cineworld Share Discussion Threads

[werethereisawill] 11/7/2023 17:55

Mission Impossible to take 250 millions in the first five days

[werethereisawill] 10/7/2023 14:05

Maleficent on its way
And other Xmas movies too
Today part one of Mission Impossible
Tom is determined to keep the big screen going !
Oh and Bob Marley’s One Love movie is on its way !
What more do you want !!
Oh btw Mission Impossible ( part one ) is terrific

[bbmsionlypostafter mk2] 08/7/2023 12:33

It's a fact, everything is good news for CINE.

Bet the farm!

[werethereisawill] 08/7/2023 11:10

SupeARich
Some people will see this as a case for the demise of Cinemas other see it as an opportunity to acquire a ready made cinema or two !
Just like the demise of Blockbuster Video helped put people back into the cinemas !
Innovation is the key !

[williamcooper104] 06/7/2023 21:45

Cineworld could have survived if it hadn't 1 - tried to buy CNK 2 - done the $500m leveraged recap 3 - raised equity when it had a share price 2 and 3 where and where not done because of Mooky looking to protect/milk his equity holding

[henchard] 06/7/2023 21:32

PWhite73,

You said: "The US creditors never gave Cineworld post Covid-19 recovery time."

Let me fill you in on a bit of history:

Bears spotted serious issues around CINE's accounting, cashflows, real debt levels and governance long before Covid.

It's why short positions in the stock increased dramatically through the second half of 2019.

There was an evidence-based conviction CINE was a company built on sand, ready to collapse.

No amount of what you call post Covid-19 recovery time would have changed that.

[dil 21] 06/7/2023 20:20

That should be a laugh.

[werethereisawill] 06/7/2023 13:44

I hear on another site , that cine is going to announce earnings tomorrow ?
Is this true JakNife ?

[pwhite73] 06/7/2023 10:03

Cambridge130 - "if you haven't worked out what I've already worked out years ago "

If you've already worked it out years ago why are all your comments on AIM stocks if that's not too impertinent a question?

[williamcooper104] 06/7/2023 09:59

I've never invested in one that's gone bust while I've been holding There's usually more than a few clues before they go under

[pwhite73] 06/7/2023 09:47

Cambridge130 - All AIM investors over a certain age have been caught up in shares that have gone bust.

It would not have happened to you yet as I suspect you're due to celebrate your 21st in a year or two.

[cambridge130] 06/7/2023 09:22

Pwhite from your comment yesterday:

"I'm merely stating the facts as I see them, what I have researched and also from experience having invested in companies that have gone into administration."

.....how many companies have you invested in that have gone into administration???? I think you should give up on investing before you lose everything

[millennialinvestor] 06/7/2023 09:03

Bottom of the barrel stuff there pwhite, insolvent means insolvent.

[pwhite73] 06/7/2023 08:44

loglorry1 - "So did the creditors hatch this plan to steal these mega valuable cinemas before or after the company was completely insolvent"

LTHTRUST - "Cineworld are currently "hopelessly Insolvent" as judge Marivin Isgur has said."

Insolvency is a term that is used very broadly. It's literal meaning is when you can't pay your debts and/or your liabilities exceed your assets. Well there are millions of individual people and businesses all over the UK and the rest of the world that fall into this category (some posters here may do as well) but it does not mean they are insolvent, their problem is simply one of cashflow.

This also applies to businesses. There is a difference between insolvency and cash flow problems. Cineworld had a cashflow problem due to government imposed restrictions under Covid-19 laws.

The US creditors never gave Cineworld post Covid-19 recovery time but decided to move quickly and exploit the situation for financial gain.

In the light of a clear recovery in the cinema industry due to a number of block buster releases what they should have done is extended the payment deadlines and lessened the interest rate burden.

[lthtrust] 06/7/2023 00:29

Delusion: something a person believes and wants to be true, when it is actually not true. Cineworld are currently "hopelessly Insolvent" as judge Marivin Isgur has said.

[loglorry1] 05/7/2023 18:00

So did the creditors hatch this plan to steal these mega valuable cinemas before or after the company was completely insolvent needing a multi billion bailout? Surely if the cinema chains were so valuable Mookey could have just sold a few and paid off the creditors.

Your thesis makes no sense. Ocams razor - the assets are just worth far less than the liabilities. The recap has to happen to carry on.

[pwhite73] 05/7/2023 17:24

JakNife - "It's been suggested to me that the maximum bid was $2.25bn."

So the creditors said right the assets are worth no more than $2.5 billion so what we're going to do is inject another $1.4 billion in DIP finance, solicit a rights issue for another £800 million and for good measure we'll write off $4.5 billion.

There is a reason why the creditors want to move the assets from the UK, the US and the Rest of the World to the Cayman Islands. Its because when the full import of this fraud comes to light the assets are well out or the reach of UK, US and ROW regulators.

Speak Later.

[jaknife] 05/7/2023 17:09

Just a reminder from the FAQ:



===========
“Cineworld attorney Joshua Sussberg told Texas Bankruptcy Court Judge Marvin Isgur at a hearing today that its outreach to 40 potential buyers resulted in “many” offers for the rest-of-world assets and “some strategic interest in the full business” – meaning the entire company. But, he noted, “We did not receive any all-cash bids, and no bid came anywhere near the $6 billion of secured indebtedness that exists on the company’s balance sheet today.””

From:
===========

It's been suggested to me that the maximum bid was $2.25bn.

JakNife

[williamcooper104] 05/7/2023 17:01

Nope They said there were plenty of offers for parts But no offer for whole that came close to valuation and any offer for whole subject to funding Creditors decided that keeping the whole, investing in it, would give a better recovery than selling of parts All academic to equityAnd remember between creditors and equity you've got Cinemark who clearly know what a cinemas worth and haven't challenged the process

[millennialinvestor] 05/7/2023 16:53

cinemas dont need to be put up for sale for offers to be made? wtf. whack-job.

[pwhite73] 05/7/2023 16:45

Henchard - "Are you suggesting they didn't receive any offers?"

That's exactly what I'm suggesting. There were no offers because there was no marketing of the assets. Nothing at all was put up for sale. Cineworld has 751 cinemas in 10 different countries. Are we seriously to believe not one single cinema received an appropriate offer.