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| 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 | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.381 | 0.00 | 00:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 0.381 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 08/6/2024 | 11:41 | ALNC |  Cineworld plots sale of UK cinema operations - Sky News |
Cineworld (CINE) Share Charts1 Year Cineworld Chart |
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1 Month Cineworld Chart |
Intraday Cineworld Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 17/11/2024 | 17:32 | CINEWORLD | 16,904 |
| 04/4/2023 | 13:58 | Werethereisawill | 3 |
| 10/3/2023 | 05:10 | 🎸The busking loser 🎸 | 7 |
| 22/8/2022 | 15:46 | Where there is a will | 2 |
| 22/8/2022 | 10:32 | BLACKHORSE | 2 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 28/5/2024 10:13 by nakedmolerat went to see kingdom of the planet of the apes, cine empty. i think cinema has a massive issue with get bums on seats due to the price and attraction of movies. maybe deadpool wolverine will bring in a billion rev for marvel, but nothing is really attracting people back. apes was great, but i've not heard anyone talkin about it. cine must be crippled with debt, but they do nothing attract punters with competitive pricing. vue and odeon much cheaper. |
Posted at 28/3/2024 08:28 by millennialinvestor WTIW has been slaughtered on CINE, emotionally attached, even now still pumping on about new film releases.Let him rest in peace with his CINE shares. |
Posted at 14/3/2024 09:36 by millennialinvestor Does Were have time for such things? He is a cineworld share holder waiting for the rise to record highs. |
Posted at 14/1/2024 16:00 by jaknife Werethereisawill,"Have a question: have a question I’ve read somewhere these shares might start trading again in a year or two but most probably on the NY stock exchange. Would they automatically be transferred over?" I've not seen those stories but it would make sense that at some point the various banks etc, that now own the equity in Cineworld, would want to exit. If "New Cineworld" were listed in the US then you would need to find yourself a broker that could deal with US shares in order to buy them. I would hope that we don't need to explain that the existing shares are worthless and you won't have any shares in "New Cineworld" unless you buy them. If you have a few hours spare then take a read of the "Statement of administrator's proposal", which you can find here: The punchline for shareholders is at the bottom of page 22 where it notes: "There is no prospect of a return to the shareholders of the Company." Note that the wider Cinema sector is still experiencing difficulties, as reported today: Hollywood strikes force Vue cinema chain into fresh debt restructuring Vue International is finalising plans for its second debt-for-equity swap in little over a year after the delayed release of a string of blockbusters, Sky News learns. Cineworld could well be experiencing similar difficulties but we wouldn't know given that Cineworld doesn't publish any financial details now that it's a private company. In a similar vein the AMC share price has also performed poorly over the last year, despite have its fanatical shareholder base: regards, JakNife |
Posted at 08/8/2023 21:48 by jaknife Werethereisawil,"The Law should favour the business man who create wealth and employment not the speculators !" I couldn't agree more. But the point is that Mooky Greidinger was himself a speculator rather than a traditional business man. Instead of seeking to constantly improve the product he relied upon financial engineering to build his cinema group and that was ultimately his downfall. Mooky massively over-leveraged the business introducing huge financial risk. The most grotesque example of this were the 2019 sale and lease-backs, which added to Cineworld's leverage. After already leveraging the balance sheet to acquire Regal, Mooky then added to that with the sale and lease-backs and paid a special dividend to shareholders. It was obvious that Cineworld had problems in late 2021 but Mooky tried to tough it out with the banks right to the bitter end. At the AGM on 12 May 2022 the directors presented a heavily caveated set of accounts to shareholders that included a base case scenario for the going concern assumption that the directors must have known, at that point in time, the Company was already failing to meet. Whilst we debated here that it was going to be impossible for Cineworld to meet the June 30th RCF covenant test, Mooky confirmed in his declaration to the court that in May 2022 they were already in discussions with the banks: "Among other things, as of the second quarter of 2022, the Group could not comply with the net leverage covenant ratio set forth in its revolving credit facility and was unable to pay down the facility. Accordingly, in May 2022, certain lenders under the revolving credit facility retained advisors to engage in discussions with the Group and its advisors." Declaration re: Declaration of Israel Greidinger, Deputy Chief Executive Officer of Cineworld Group plc, in Support of the Debtors' Chapter 11 Petitions and First Day Motions [docket 19] Page 14: Had those discussions started before the AGM on 12th May? Mooky hid the commencement of bank discussions from shareholders for months. Shortly after 30 June 2022 CINE's IR team happily answered shareholder questions via email confirming that Cineworld weren't in default as they had a 90 day cure period, which of course meant that Cineworld expected to be in default 90 days after 30 June. Cineworld NEVER RNSd that it expected to fail the 30th June covenants and didn't admit that it was talking to the banks until 17th August: That's about three months after Cineworld actually started talking to the banks. And then just five days later they were forced by "media speculation" to admit that they were actually considering Chapter 11: Mooky is NOT a "business man who created wealth and employment", he's a dangerous speculator that over-leveraged a business and took it to the brink of collapse. Also, in the run up to that, he consistently failed to keep shareholders informed. I am surprised that any Cineworld shareholders is asking for more laws to protect Mooky! JakNife |
Posted at 24/7/2023 12:41 by pwhite73 WC104 - "So if they remarketed Cineworld today it would likely be on a lower valuation"Wrong what the C11 proposals have done is to prevent the CINE share price from recovering in line with the number of blockbusters that have been released and will be released over the coming months. The writers/actors strike only effects films in the making not films already made. On the Barbie and Oppenheimer figures AMC are up 42% today, a rise denied CINE shareholders due to the threat of administration over the next seven days. An independent valuation will look at the whole package not just where CINE was in September 2022, June 2023 but also where it could be if it were allowed to trade without the shackles attached by the greedy creditors. |
Posted at 04/7/2023 16:55 by jaknife tron343,"Are there any legal issues / challenges that can be raised to challenge CINE in the UK courts? Shocked that the USA judge would not even allow a third party valuation." That isn't an accurate summary of the facts. 1. The judge would have happily allowed a third party valuation, however, the issue was that the shareholder group wanted Cineworld to pay $150,000 for that third party valuation. 2. The shareholder group had sent in some rough numbers to justify their wild claim that a third party valuation would produce a figure that was materially higher than the valuation that PJT Partners had produced. However, those rough numbers were fundamentally flawed as they confused pre and post rent EBITDA and then applied the wrong market multiple. 3. PJT Partners had submitted a valuation to the court which complied with all the necessary Daubert rules and had been accepted by all the parties involved including creditors that were going to receive payments of less than 1% of their claim value. 4. PJT Partners' EV valuation for the business was between $2.8bn to $3.4bn. 5. Regardless of the PJT Partners' EV valuation the "Gold Standard" in US Ch 11 cases for valuations is to go to the market and invite bids. The assets of Cineworld were marketed for sale and over 40 bids were received, however, none of those bids came close to PJT's valuation. 6. Cineworld Group's liabilities were of the order of "$7.9 billion to $8.6 billion" as at 16th June. In the circumstances it was perfectly reasonable that: A. The judge accept the PJT valuation, which if anything was on the optimistic side, as evidenced by the fact that no one was prepared to bid an amount that was close to the PJT valuation. B. The judge conclude that Cineworld was "Hopelessly Insolvent" given that the business value would need to more than double before shareholders might get close to getting paid anything. C. The judge denied the right for the shareholder group to form a formal shareholder committee, which would then have been able to have its legal fees met by Cineworld. None of this would have stopped the shareholder group obtaining a third party valuation, it's just that they would have had to pay the $150k to get it themselves. JakNife |
Posted at 07/6/2023 12:51 by millennialinvestor PWhite, how about this explainer for you:Cine starts business. Cine makes money. Cine grows rapidly. Cine share price good. Cine buys other cinemas rapidly and borrowed money. People stop coming to cine. Cine start selling property to boost cash. Cine's monthly expenses rise due to now paying rent. Cine borrows more money. Cine share price declines due to large borrowing. Cine borrows some more money to pay existing creditors. (Epic spiral out of control). Shorters have a party. Cine goes bankrupt as no one want's to lend them another penny. PWhite values cine at 12 billion. JakNife issues PWhite multiple fatal blows to the cranium, PWhites funeral is next week. Millennial & JakNife submit their new sunseeker orders ready for summer cruising the Maldives. |
Posted at 06/6/2023 09:44 by jaknife Werethereisawill,"Will there be a time when dividends are announced on present cine or new co cine ?" No dividends will ever be paid on Cineworld Group PLC ("present cine"). Dividends might be paid on "NewCo Cineworld" but it's too early to make a definitive statement on that matter. "If new co cine starts soon what would the initial share price be ?" There is no intention under the Plan for the shares of NewCo Cineworld to be listed so there will be no public share price. JakNife |
Posted at 04/5/2023 08:04 by jaknife PWhite73,”There does not have to be equity value in the company there need only be the prospect of equity value in the company. This is essentially the shareholders argument and also the creditors argument, that's why they've poured more money into Cineworld and wish to own all future equity. They haven't invested in Cineworld to lose their money.” This is not correct, please see the FAQ: Question 12: 12. If we just wait then Cineworldâ€&tra This is a hopelessly unrealistic request on many levels. At its peak in 2019 Cineworld generated an EBITDA of $1,580 but EBITDA is NOT profit and it’s also not cash! The post-tax profit for 2019 was a mere $190.3m and that was after an exceptional profit from two sale and lease-back transactions. It is simply not reasonable to make banks wait many years in the hope that one day they might possibly recover 100% of their debt when the professional advisers are telling the court that there is $4.5bn too much debt now today. Also re “poured more money into Cineworld” Question 8: 8. But we supported the company in its darkest hour Really? How? By buying shares? How exactly did buying shares “suppor ”The current C11 proposals have been devised in the wake of Covid. That Cineworld made two strategic acquisitions, Cineplex and Regal just before Covid only compounded the matter. All the indicators are that with the studios back in business and blockbusters bringing people back into cinemas the residue of Covid will be over in 12 months. ” This is not correct, see Question 2: 2. But business is improving for Cineworld This is not true and it’s easy to demonstrate. Cineworld has been providing monthly management accounts to the court since it entered Ch 11. The last ones are for the month of February: A. Cineworld UK Debtor Group B. Cineworld US Debtor Group In both cases if you look at "page 16 of 22" then you can see that Cineworld is still massively loss-making and burning cash. JakNife |
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