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10 screen Showcase cinemas will be showing every hour on different screens, that’s the norm. As for lighthouse cinema (4 screen) in Newquay, they will show 3 screenings a day on one screen, they always show 4 different films. Why are you even arguing about it, I’ve herd on here, about a takeover this week, if it’s on here, it must be true.
Cruis1,
Imo our market cap right now does make us highly prone to a takeover. (Reasons in a previous post)
I did see the post myself and the poster seemed pretty definite. I presume some of the shorts had it taken down.
We sit patiently and let events unfold. It drops out the sky then those init winnit. Those out or short will have no time to react. As some will no doubt see with Morrisons tomorrow.
The paramount decrees ruling in August is the enabler and Netflix and Amazon have reputedly been sniffing round cinema chains in the past.
If there was a takeover why would someone put it on here, the news would be leaked by now anyway. If it is true, we open at £1 tomorrow, news like that, spreads like wildfire.
Bid fever
Morrisons opens at 229p and up to 232p, just higher than the 230p bid price. They will need to come back with a higher offer.
Who could be next?
Not letting a bean go here.
F9 and Black Widow also coming up fast.
I saw the post too . It said there was a takeover bid that will be announced this week . And couldn’t say much more than that .
Loved the fact that the notifications about a bid this week came from “ Jordan. 888 “ these numbers if you remember. LTHolders. was very much associated when. NO FEAR was talking about the jango. Chinese lucky 888 numbers , interesting. :-)
I think just a rumour of a takeover is enough to take us to 90p+
Its been flat for far too long. 84-85p are support levels.
Time for a little bounce please
Whatever it takes to push the price north!!! Is fine by me
Whoever Jordan888 is, they must be pi55ing themselves with laughter at the moment given the amount of interest their throwaway line has generated.
Couple of points - I see that some posters don't understand the difference between Market Capitalisation and Enterprise Value. Yes, you can buy the equity slug of the capital structure for half what Cine paid for Regal, but you also get the cUSD5 billion of debt. The Enterprise Value of Cineworld is probably (back of a cigarette pack) closer to £5 billion.
Secondly, the Greidinger Family Trust owns c 20% of Cineworld and that's a pretty effective poison pill for any hostile takeover attempt. Can't see them selling out at £1.50 when in their minds eye it's worth double that. It also explains the strategy of Cineworld being the acquirer rather than the acquired - Regal was bought using loads of debt and the Cineplex deal would have also been the case. The Greidinger family want to stay in the business and will protect their equity position using debt to further their aims.
I would be delighted to be proved wrong, and a fully funded bid from a solid proposition be unveiled next week. But I doubt it!