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Indepth.... you’re so full of sh*t! Do you carry around a shovel by any chance?
Funny how when the negative posters talk about Cineworld being sued they don't talk about Cineworld counter- suing
Morgan Stanley forecast an up to 30% loss in earnings to Cineworld due to the AMC deal. Enough for force voluntary administration on breach of EBITDA/debt covenant?
Tidd I doubt anyone investing here believe cine will need futher debt to help with day to day running costs. Obviously any business which had to finance running costs with debt long term would do badly.
M00la there is a difference in securing further debt financing for an acquisition than for just day to day running costs.
Adding debt to service the mountain of debt they already have is NOT an option.
Nobody in their right might can continue doing that. Lenders have already pushed the covenants to an EBITDA to debt ratio of 9.0x.
Debt is already in junk bond territory and has been downgraded on the ratings board, who is going to continue doing that?
This is exactly what I am saying, they will want blood and it will be done via equity - that is where investors lose out.
*was
Will there be a big sell off tomorrow?
I already did tidd83 twice already but you seem to ignore my point. This is what makes me think your a shorter because you claim to have no vested interested but you are posting very opinionated on a Cineworld BB it doesnt make sense. But here you go for the third time.
DEBT - the most likely thing Mooky will do is use additional debt/credit facilities if needed to support liquidity. This won't be needed because there is already enough support until the middle of next year should all the Cinemas remain closed and they are not all closed but the Cineplex deal that waa going to fueled by billions in debt is no more, this means there is room alot of room for additional support from financiers, governments have made it easier for companies to access money where needed and Mooky has shown he will use debt rather than calling on investors to prop up the company because that's what he's done every step of the way during this crisis.
Tidd they've confirmed they have liquidity to take them to end of 2020 even with all cinemas closed, why would they be looking at "other options"?
M00la sure - list their other options for all to hear and to offer that balance.
Exactly biox, and that's where the balance comes in. I've never said it can't happen but that there are a handful of other more attractive options available to the BoD. To dilute is the last resort and is usually only done in a positive way for example i believe the last time Cineworld did dilute was when they wanted to take over Regal. The take over for Cinplex was going to be entirely debt based. The BoD is not going to damage its own sp for the sake of it just because it fits in with your world view.
"When a company issues new stock, it is usually in a positive light, to raise money for expansion, buying out a competitor, or the introduction of a new product."
https://www.investopedia.com/articles/stocks/11/dangers-of-stock-dilution.asp
M00la absolutely not, I will not be buying CINE since I stand by my views.
I don’t feel the company will go under I merely feel existing holders will be wiped out so why would I invest at any point or even want in lower?
Equally my views may make people sell at a loss and protect what remains of their investment but on the flip side constant bullish rubbish can see investors jump in to lose it all.
Balance is needed.
Your comments certainly won't move the sp but they might convince some new retail investors to sell at a loss when there isn't a need to. Make sure you think of those people too and try and be a little more balanced. Bears are fine but even a bear can admit when there is upside potential and you wouldn't be here if you weren't interested in buying in at some point, you just have a lower entry point than the current sp.
A bit strange though if you aren't investing.. wasting your time here?
Or just another hoping to get in on the cheap?
Still miffed by the muliltiple accounts on here who 'hate' Cine but keep posting... weird
Mr tidd.
Is tradition here to call the other party naive when making that point about moving the sp.
Please amend as appropriate
themuir my posts nor anyone’s here will have any bearing on the share price. This is not a micro cap. It is the institutions who move the market in CINEs case.
A bearish view is often welcome against a bullish so to offset the ridiculous posts of “big rise tomorrow” which is a finger in the air guess.
I am interested in the companies developments and I am entitled to post my views.
Tidd.. can you confirm why you are gracing us with your presence?
The post was to counter the argument of “the biggest holders and the board won’t dilute themselves at this low level”.
The debt and revenue structure (or lack of) is playing out in exactly the same way as CINE.
I am comparing the circumstances not the business sector.
Hammerson are a real estate investment trust with large shopping centers, this industry has been struggling for years, what a ridiculous comparison!
M00la of course but similar scenario.
Over borrowed and no clear visibility on revenue streams.
Exactly the same - a recipe for disaster.
Hamnerson are not Cineworld mate, do your research. Completely different company, completely different circumstances.
M00la again absolutely no different to Hammerson.
When forced into a corner they don’t have much choice else the lenders call in their loans. Figure it out.
Because the CEO and executives are major shareholders plus HSBC is a major shareholder, they are not going to want to dilute their own holding. Also like i said in my last post they would have to issue even more shares than they would like because they would end up offering discounted prices on top of already historically low prices. No business sense to do that when debt is so cheap and readily available in a Corona world. They already have enough liquidity so it's all a mute point but if they were to need more they would just use more credit because that has been Mooky's method of choice. Short term pain for long term gain.
M00la - why wouldn’t they?
Hammerson for example have just done the same - share holders wiped out circa 94% if they do not double down to stand their corner.
As I said - good luck.
A rights issue offers current share holders the chance to invest in more shares at a discounted price. While the sp is already at all time lows why would Cineworld want to offer discounted shares where they would end up having to issue far more shares than they would like just to obtain the desired funds.
The answer, they wouldn't. There isn't going to be a rights issue because it makes absolutely no business sense and is just something de-rampers like to throw around to try and scare investors.