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Reassuring to see at least one person can remain unbiased and civil.
Cheers Wellington it's refreshing.
If you weren't hell bent on disliking anyone not bowing down to you then you may have been able to read my first post on the matter and in each subsequent one.
I have repeated it is welcome. It was a direct quote in my second post on the matter, so I didn't claim anything.
Whatever you get off on though crack on LPD. :-)
@latpulldown - I think FI makes a reasonable point, it's not earth shattering news but it certainly is welcome if it comes in at the c£15m level.
As to whether it was initially thought per business or site, I wasn't sure myself, but I think it is now clear it is per site.
Why don't you save your ire for the full on derampers on here (most of whom reside in green coffins for me) rather than someone who is making a reasonable point, albeit not in an outlandishly bullish way?
Bonkers , i could Wooo a lot with that kind of money...
Cash is king , opens a lot of doors:-) ( and drawers)
But that's not what you said earlier was it when you were trying to claim the relief was per company
I thought you were here to
"Dampen false information all the time Mountainous :-)
I prefer reality and truth.
Some prefer ramping and liars. Each to their own :-)
May I suggest you start with yourself.
You really are having a disastrous last few days chum.
If I had 12 or 13 million on the bank I would invest say 250k and wooooooo my way all the way up to around £2 , now that's a happy ending
For the avoidance of doubt I welcome any financial savings the company makes/receives.
And...
£12-£13 mil in my bank account would have a huge difference...:-)
Wouldn't be here typing $hite to you reprobates
:-)
Government legislation regarding rates relief throughout the pandemic the word “business” has never meant “company” as in the legal entity. For example, a limited company than runs a chain of 10 pubs is considered to have 10 businesses from a rates point of view.
£12/£13 mill over CP debt ceiling , would have made a difference to the Cineworld/Cineplex deal ...
How could that come about sammy, I am told the company is swimming in money making massive profits again ;-)
Happy to have Cineworld and other businesses benefit however much it is.
So long as it was the jackpot or at least considerable sum sammy.
Bonkers your example of 15% is exactly it though.
Even at its maximum benefit of £12/13m it's not even a decimal of a percentage point against the companies net debt of over £3000m.
I repeat I welcome it however much it is.
It will NOT make any significant change to company financials or share price on its own however.
If this £12/£13 mil was the difference of cineworld meeting their covenants, it would be a huge material matter ..
:-)
Would you even celebrate if you won the euro millions???
But plebwak,our in house clown, is apparently the in house window cleaner for cineworld.
He has just increased his services by 5% , so this in turn will have a detriment on the financials at year end ..
As I said from start every but helps, if it's per premises then that's better than per business.
At an absolute maximum of c. £12/13m I still stand by observation that as welcome as it is it is not a hugely material matter for the business and it's finances.
I will take it though, even if I am not celebrating like I won the euromillions :-)
SP currently c. 62p.
If and I say IF cineworld crumble in court and the judge says cineworld must pay 100m to cineplex its like our chancellor saying don't worry mooky I have your back here's 15% , very welcome.
If we win while I agree 15m in the grand scheme of things is small I'm sure would be very welcome and come in very handy, will certainly pay for a few months rent on a number of cinemas
"He also revealed that hospitality, retail and leisure firms will get a 50 per cent business rates discount for one year.
Any eligible businesses, including shops, pubs and leisure centres, will see the tax on their premises slashed for a year, up to a value of £110,000, the chancellor told MPs.".
"Premises" to me means per Cineworld and not per company ..
Bwtfdik
Just imagine if instead of 50% cut, it was 50% increase in the rates! We will then see load of trolls saying CINE is going down because rates were 50% up!
And no doubt, FI will remind everyone about 50% business rate increase when anyone is getting excited about any positive news :-) even though it is just few millions!
The more it is the better, I welcome it be it per company or per site.
Just mindful in the scheme of things for Cineworld it's not MASSIVE either way.
Every little helps though :-)
I tend to agree with p.w and bombdog , it makes sence that it's per cina rather then as per company, the sectors its targeting involve big big companys and 110.000 each wouldn't make a difference to many and wouldn't be such major headlines.
The money talked about in this article makes me believe its more per property , and p.w makes a valid point buossness rates are to local authority
https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.standard.co.uk/news/uk/business-rates-rishi-sunak-government-company-west-end-b962829.html%3Famp&ved=2ahUKEwi5nsfI_urzAhVZRkEAHbLBB7gQ0PADKAB6BAgzEAE&usg=AOvVaw06l_lAY-F7C4qUAdcTYufq&cf=1
Any money is welcome money regardless
If we go of this, it's per property FI
https://www.gov.uk/government/publications/business-rates-expanded-retail-discount-2021-to-2022-local-authority-guidance/business-rates-expanded-retail-discount-2021-to-2022-local-authority-guidance
FI I don't see how that would work, as business rates are payable to your local authorities. Business rates are calculated per sq ft of building.
But I am just going off what my friend told me, as he pays 35k on one of his gyms, 55k on another and I can't remember the other one, but they are all in different county's. We will soon find out.
£110,000 is definitely cap per site, not cap per company
Dampen false information all the time Mountainous :-)
I prefer reality and truth.
Some prefer ramping and liars. Each to their own :-)