Share Name Share Symbol Market Type Share ISIN Share Description
Cineworld Group Plc LSE:CINE London Ordinary Share GB00B15FWH70 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -4.50p -1.99% 221.30p 221.10p 221.40p 226.10p 221.00p 225.10p 409,813 09:40:51
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 3,230.0 273.7 17.6 12.8 3,034

Cineworld Share Discussion Threads

Showing 1726 to 1750 of 1975 messages
Chat Pages: 79  78  77  76  75  74  73  72  71  70  69  68  Older
DateSubjectAuthorDiscuss
14/2/2018
22:04
Thanks the deadline was 9 feb for rail-swallowing or selling rights. So there’s a chance that when they sell the rights on it will be worth much less than if we sold the rights by deadline. Are we better to use some of the rights to buy some shares. Would that give a better return than doing nothing and receiving whatever they sell the rights for ?
royjs
14/2/2018
21:14
A rights issue cant make you worse off. But can result in you not owning the same % of the merged company if you dont take up your entitlement. What will happen if I allow my Rights to lapse? The Underwriters for the Rights Issue will attempt to find buyers for any Shares not taken up. If these can be sold by the Underwriters at a premium to the 157p cost this premium will be paid to your Account, less any expenses incurred. Can I sell some Rights to raise cash to take up the remainder? Yes. This process is often referred to as a cashless take-up or ‘Tail-Swallowing’. We were discussing this earlier today - see the calculation. Deadline i think is 12 noon tomorrow. you better phone your instruction first thing.
mozy123
14/2/2018
21:02
Thank you so doing nothing will get something even though missed deadline to sell rights. Do you think it’s worth taking up some of the shares at 157p is there good chance the value will keep above the 200p for a few months?
royjs
14/2/2018
20:34
royjs - you have 1 share worth 236p and for every one of those you have 4 shares worth 79p As you have not done anything the 4 shares will be sold by the company and you will get cash for them. 79p-157p (price of the right) 4*78p for every ord share. You will end up with the same about of shares in the company (although now a smaller % of the overall company) and a lump of cash, which then you can buy more cineworld with or even another investment. The cash and the value of the shares held will roughly equal the price of cineworld on the announcement of the reverse takeover. I would however move your shareholding to a company that communicate with you on time.
mozy123
14/2/2018
20:14
Thank you, I can't find or understand that part on the documentation I spoke to the Link Asset Services (Receiving agent)and they said the other option was to complete form X renunciation where it goes back to the company. So I'm confused.... But you're saying that any rights not taken will be sold even if you don't return form by deadline? What's the view on if we can put some more cash in will there be a reasonable return I'm guessing the value will drop ?
royjs
14/2/2018
19:40
The rights issue shares which were allocated to you will be sold by the company and you will receive the proceeds less any costs in due course. Look at the offer document for full details.
grahamburn
14/2/2018
18:48
Hi Guys sorry just found this thread. Been struggling to work it out. My partner has Cineworld shares and received the letter last week but we couldn't understand the options apart from the buy more shares. We missed the deadline of 9th Feb as didn't receive letter until 8th Feb and couldn't work it out so it seems made a massive loss in the share value and missed the chance to sell the rights so it seems missed the chance to recover some of losses made when value basically halved. So it seems that because we missed the deadline which seemed very few days almost designed to give people as little chance as possible, and because we don't have cash to buy more we're left with shares less than half the value and no obvious signs of full recovery back to the 744p high of 2017. My question is if you do nothing my assumption was nothing happens and you just have your original shares at the current market value (234p)but on the thread someone mentioned something about doing nothing was an option as if you got something back? Sorry I'm clueless and not explaining but obviously frustrated as it seems she'd lost a lot, if only we sold last May...
royjs
14/2/2018
12:39
n = 7332 / (1+(71/157)) cheers
mozy123
14/2/2018
12:36
No - you divide 71 by 157 before adding the 1
sharw
14/2/2018
12:16
so n = 7332 / (1+71/157) n= 7332 / (72/157) n= 7332 / 0.4585 n= 15991 rights - how can he sell that many - hes owns 7332
mozy123
14/2/2018
12:07
Thanks very much for that, Shawr. I was able to work out the basics with your equation and do the trade/elect to exercise the remaining rights. For once, my inability at maths has paid dividends - I sold this morning at 75p compared to the 64p I was looking at yesterday, when I first tried the arithmetic. I'm glad I gave it up in frustration!
glenowen
14/2/2018
10:40
See my post 1699 for an example. If you were to brush up your maths to get an exact formula you would arrive at: n = t / (1+r/157) n = number of rts to sell t = total number of rts held r = price obtained for rts
sharw
14/2/2018
00:06
So tomorrow (14/2) is the last day to make a decision on the Rights issue. I would like to sell sufficient of my rights to take up the remainder at 157p each - the "cashless" take-up option. Can any of you clever people out there, who are good at maths, reveal what the appropriate equation might be? That is, how many rights I need to sell in the market tomorrow - using today's closing price of 71.1p as an example, I appreciate the price will fluctuate tomorrow - to take up whatever the balance of new shares might be at 157p each. The rights holding is 7332. I have tried working it out myself but have failed miserably, despite my O Level in maths!
glenowen
12/2/2018
08:50
Peel Hunt upgrade this morning:- 12 Feb 18 Peel Hunt Buy 226.80 254.00 270.00 Upgrades
cwa1
07/2/2018
15:48
Thanks for your reply and advice. I won't take any notice of these reports in future!!
salacia
07/2/2018
15:27
You need to ask the 1000's of individuals making thier own decisions about thier porfolios, not a few retail punters on a bb. :) I wouldnt take too much notice of what brokers say. They talk their own book.
mozy123
07/2/2018
14:55
Can someone please explain why, when a share is downgraded but still way in excess of its current price, it drops even further
salacia
07/2/2018
13:58
7th feb JP Morgan Caz overweight tp 300p
philanderer
07/2/2018
13:58
Option 4 it is. Thanks all for all your help
smokybenchod
07/2/2018
13:47
as shaw states - selling enough rights to fund purchase of rights
mozy123
07/2/2018
13:09
Which option do you suggest then Mozy to receive minimal cash back and put no additional cash in. Thanks
smokybenchod
07/2/2018
12:36
If you dont take up any rights your % holding in the entire company will be diluted. Your holding - number of shares would stay the same if you sold the rights, but you would then have cash and a reduced overall %.
mozy123
07/2/2018
12:07
Thanks for your help - I’ll take my chances with option 4 then which sounds like the best to maintain holding. Not sure why they make this so complicated!
smokybenchod
07/2/2018
11:55
Option 1 means putting more money in. Options 3 and 5 (do nothing) mean receiving money. Option 2 could be either depending on proportion sold but option 4 is a variation of 2 where they work it out for you and sell enough to pay for the remainder so that it is cash neutral.
sharw
07/2/2018
11:26
Thanks shawr, Which option should i select if I want to maintain all my current holding in shares, don't want to put any more money in, and want to receive the least amount of cash back. i.e. i want to keep my original investment all in shares.
smokybenchod
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