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
  +0.00p +0.00% 223.50p 224.90p 225.20p - - - 0 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 3,230.0 273.7 17.6 12.8 3,064

Cineworld Share Discussion Threads

Showing 1751 to 1775 of 1975 messages
Chat Pages: 79  78  77  76  75  74  73  72  71  70  69  68  Older
DateSubjectAuthorDiscuss
20/2/2018
10:21
Thanks Hyden, she took up rights for 450 shares so remainder is 1393 so would be £4736 but guess it depends when they sell rights but hopefully around the 240p and obviously less fees.
royjs
20/2/2018
09:10
Okay royjs, it sounds like your fiancé would have been entitled to the proceeds from the lapsed rights from the 2014 rights issue so it is good that she is pursuing this. Regards the current rights issue, she will be entitled to ~242p (current share price) - 157p (rights issue price) = 85p x 4 (as 4 rights were awarded for each share owned) x 1,843 shares = ~£6,266. Aside from the movement in the markets over the intervening period, you are no worse off as a result of the rights issue.
hyden
20/2/2018
08:43
Thanks Hyden, yes she had certificated for a portion of the shares as she had started in 2007 in the scheme. You are correct in 2014 she was part way through another 3 year scheme but because she left the company in 2015 came out of the scheme and they refunded he investment so in 2014 had certificates ( 2 different investment codes) one for 450 shares the other for 1393, she sold 750 in 2013. So at the time of 2014 rights issue she had 1843 shares with certificates. She's emailed signal asking and will follow up with phone calls if no response but guess things are busy at the moment? I see yesterday the price was around 243p, it was the cut off date for taking up the rights so they will try to sell on the rights not taken up from today. Is it likely that these could sell at around 240p or will it be a lot less than current price? I appreciate they will sell for whatever they can sell for and nobody knows but would you expect it to be the around share price of the day (242p as I type) or a bit less?
royjs
19/2/2018
22:44
royjs, Mozy123 raises a relevant point. If your fiancé was still in the Cineworld sharesave scheme in 2014 rather than actually owning the shares outright then I would suggest that the outcome would have been as per Mozy's post. When did your fiancé receive her share certificates?
hyden
16/2/2018
13:41
Thanks sharw for calculation correction we’ve written to signal and will follow up as it seems something went wrong
royjs
16/2/2018
13:14
royjs - lapsed rights are sold and the proceeds aggregated so everyone gets the same - that is the 107.32p per lapsed share in the 2014 rights I mentioned in post 1690. This is always the default 'do nothing' option and she should have received the money automatically. The rights were 8 for 25 so your calculation should be (1843/25) x 8 x 107.32 = £632.93 I am still unclear as to whether these are held by the registrar (Link of Beckenham, previously Capita) or some nominee (you mention signal). Whichever, they should hold records back to the year dot.
sharw
16/2/2018
12:25
Thanks Mozy123, yes we went back through account details and can't see any
royjs
16/2/2018
12:08
Royjs - my dad has a similar scheme at his work. Dividends and other corporate actions are used to buy more shares. Check the transactions as there might have not been any cash but more shares credited to the ball and chains acc ;)
mozy123
16/2/2018
11:48
Thanks clarksc, are you referring to 2014 or recent one. In the documents there isn't a box to allow rights to lapse it's either take up full or part offer or if your quick enough sell rights but need to return form by 9 Feb. Thanks Hyden so would that be for 2014 (share count/8)x 25 x 108p - costs so in my Fiancé case (1843/8)x 25 x 108p = £6,220 (less costs). Should she try again with signal shares?
royjs
16/2/2018
11:04
royjs, the 2014 rights issue shares were placed at 338p so less the deduction of the 230p issue price leaves 108/p per share. See the link below hTTps://uk.advfn.com/stock-market/london/cineworld-CINE/share-news/Cineworld-Group-plc-Results-of-Rump-Placing/61067018 Your fiancé should therefore have received a cheque for 108p per right less dealing costs. In my opinion, she is entitled to the money and has a valid claim. 2014 is certainly not too long ago in law so she can still pursue this. The company in question must have kept records as they are legally required to do so. If need be, you will be able to take the matter to the financial ombudsman who will also award interest on top (at 8% pa, I believe).
hyden
16/2/2018
10:57
Hi, I ticked the box to allow my rights to lapse. The CINN shares are showing in my account so can I still sell them?
clarksc
16/2/2018
10:02
Morning sharw, sorry to bother you You mentioned in your 1690 post that in 2014 there was a rights issue that you did nothing and got something back. Did you tick the box to sell rights and return the form by deadline or just did nothing and cheque came? Reason I ask is my partner has had previous rights letters and never understood the options other than buying more share which she wasn’t able to do. So she did nothing and got nothing? No maybe the rights were attempted to be sold on and they weren’t successful or they were sold at a profit less than total of £5 less costs? She’s checked her account online and no record of anything. What are her options to find out if she’s missed out? She tried signal who look after them but they said they couldn’t help as it was too long ago?
royjs
15/2/2018
15:22
she was an employee there years ago and got them at a reduced price each month out of her pay so built them up over a few years but left there 3 years back. So for her it was a good investment if worth still worth £10K as cost her about £4K. We've decide to take a gamble and buy an extra 1800 shares costing £2,826. She should hopefully get back 1392 lapse rights £4.6K if 240p, then she'll have 3643 shares worth £8.7K at 240p but have obviously spent £2,8K. So fingers crossed there's a recovery in the next 6 months,if it reaches 300p then been worth the gamble but could go the other way? thanks
royjs
15/2/2018
14:48
Speak to the furture wife. She has £10k of Cineworld. Must of been some good reasons to buy it.
mozy123
15/2/2018
12:10
Thank you guys.... incidentally I know nothing of investing and have looked into it but seems so many account managers are in it for themselves but if I had few 1000's to invest would an account manager be interested in getting me some returns could you recommend any appreciate they'll not be interested in small amounts?
royjs
15/2/2018
12:03
Yes, Mozy123's calculation is correct although they are 240 at the moment so that is original shares worth £4423 and £6119 the value of the rights. That demonstrates the gearing of the rights. That increase makes you £1000 better off but a share price wobble would take it away again so unless you are certain (who can be?) that share prices will go up between now and October I know what I would do.
sharw
15/2/2018
11:55
Yes indeed - just depends on the market and how many other sellers there are when they are liquidating the lasped rights - a huge supply of shares could make you worse off.
mozy123
15/2/2018
11:31
Thank you Mozy123, that's the bit I was missing so in that case she'd get back £5234 (less fees)if we let it lapse and still have £4200 worth of shares that could go either way. I do hope that is the case?
royjs
15/2/2018
11:25
there are 4 times as many rights as ords. You cant me made worse of. 1843*228 and (1843*4)*(228-157) will equal roughtly the total value of the holding on the day of the announcement.
mozy123
15/2/2018
11:21
Thank you sharw, I did see your 1690 post, I think that was the picture house thing. My partner also missed that but never received anything not sure how she can find out why now, anyway a different issue. The problem is she was planning to use the shares to pay part of our wedding this October so was planning to sell them this year but was hoping they would improve from the January value but obviously that's all history now. So our priority is to get as much cash out of the situation by October this year?
royjs
15/2/2018
11:09
OK thanks Mozy123 but it's your total number of ordinary shares not 4 times so using 228p example would be 1843*(228p-157p)= £1308? In that case we've lost out as before the rights issue value was over 500p so keeping it simple: was 1843*500p= £9215 Now 1843*228p + 1843*(228p-157p)= £5510 It seems this does makes us worse off?
royjs
15/2/2018
11:06
royjs - see my post 1690 for what I did last time round. It is a difficult decision for you because not only are the markets volatile at the moment but also the deal causing the rights issue is massive and to make it work management need to improve profits at the acquired US chain. If they succeed the share price goes up and if they don't..... I think you realise that in the short term if prices do not move (if!) then you will be no better or worse off whatever you decide so the question you really need to ask is what you would do with the roughly £6000 that you would receive if you did nothing. You could buy something different and thus diversify your portfolio - there are plenty of companies out there which some people would rate higher than CINE. This is where it really is up to you.
sharw
15/2/2018
10:50
Sorry my bad. They will be sold into the market. Say 228p and less the right value 157p. The variable is the price of the market when your lasped rights are sold. Cant advise on that.
mozy123
15/2/2018
09:27
Thank you for your patience with me sharw and Mozy123, sorry for the confusion yes the date missed is the special dealing service 9 Feb. I now understand we have 2 options but what do you think is a good bet, appreciate nobody knows where it will go but I'm trying to understand are we better to wait to receive the rights sale or buy what we can? Mozy123 wrote the following: 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. So for the 1843 shares she has that would mean 1843*4*78p=£5750 (less fees etc) However sharw indicated it would be share price less 157 so if share price is todays that would be 1843*(238p-157p)= £1492 So I guess I've not understood Mozy123 explanation correctly, sorry. If for example we decide to buy an additional £1000 at 157p each that would be 637 shares so if we managed to sell them on at todays price 238p that would give around £500 profit (less fees). If we let them lapse those 637 shares may get back 637*(238-157)= £515. Obviously some big assumptions there but trying work out is better to invest in some more or let it lapse as it seems what could be made in the short term is similar if the price goes up. Or is it possible that in a few months they could be worth more and a greater profit made. What would you do in this situation apart from sell them last May when they were 744p..... Thank you for your support
royjs
14/2/2018
22:33
royjs - I think you are confusing us by saying that you have missed a date. The first question is whether your shares are in a nominee a/c or certificated. The fact that you have been talking to the registrar Link suggests the latter. The complex timetable is set out in full some way down the announcement: https://www.investegate.co.uk/cineworld-group-plc--cine-/rns/rights-issue-announcement/201801170709000992C/ You say you missed the 9th but that was a special facility: Latest time for receipt of instructions under the Special Dealing Service in respect of Cashless Take-up or disposal of Nil Paid Rights 3.00 p.m. on 9 February 2018 The next main deadline is: Latest time and date for acceptance, payment in full and registration of renunciation of Provisional Allotment Letters 11.00 a.m. on 19 February 2018 So assuming you are in certificates you have two options left - pay 157p per rights share by that deadline or do nothing. If you do nothing the rights shares will automatically be sold on your behalf and you will receive the share price less 157 less expenses. This has all been explained on this thread before - you may wish to calmly read through starting here: http://uk.advfn.com/cmn/fbb/thread.php3?id=15265294&from=1681&from=1684 Remember - as Mozy123 says this can't make you worse off.
sharw
Chat Pages: 79  78  77  76  75  74  73  72  71  70  69  68  Older
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