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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!
Whatever it takes to push the price north!!! Is fine by me
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
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 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 .
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.
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.
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.
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.
10 screenings, and you clearly know little to say no more than one screen used in chain to show movie.
Your perfect cinema is clearly showing FF9 on more than one screen.
It's not a movie of c. 30 minutes long after all ;-)
The "average" number of screens for a Cineworld complex is c. 12 screens .
Do some simple arithmetic and looking at howany films are on etc.
Bigger movies taking up more than one screen in 12 screen multiplex is common place
Regards what is and isn't facts check some locations other than yours and you will I have no doubt see more than 8 showings per day for FF9.
You didn't bother to give us any numbers like I did but cheekily said your cinema has more? All in your head and claiming it as facts..what a load of **** you talk about...Atleast tell us your local cinema name and we will see how bright you lot are.
Fyi - I live in country side so 8 shows for single cinema in a day is definitely a lot. F9 every 1hr is sensible in current climate. Don't think I have seen more than 1 screen running same cinema at same time even before covid. My local cinema knows what they are doing unlike yours!
Hope all this takeover talk pays off... coz Markets generally looking bloodbathy tomorrow based on futures... ffs
smalltrader that is even less than my local cinema so maybe you(rs) are the not so bright ones.
Some movie releases would have more like double that using multiple screens to spread them out.
I know for a fact Cruella and QP11 for example both got more "slots" allocated on opening and their opening weekends.
What I have written is a fact, not an opinion so there is nothing for the ramp crew to argue about or jump on.
As I said, assume there is reason for it and chains know what they are doing.
One thought (don't know if accurate) they might be showing less screens than would have expected in effort to spread it out over couple weeks as there may be very little else of note released between FF9 24/6 and Black Widow 2 weeks later.
Don't know the reasoning, but that's the facts.
There's definitely nothing wrong with takeover talk, but when a random investor says it's a fact etc etc, do you really think that's good? As I said, anyone could come up with anything and try and convince people that something is happening. Maybe hoping the sp spikes up to reach profits/break even before selling up. Who knows how desperate people are
My local CW is having 8 shows on Friday starting from 1.30pm in the afternoon and goes on till 8.30pm so every 1hour there is a show, which is by no means less number of screens.
If your local cinema is not doing that many shows then definitely your local cinemas and the locals are not the brightest!
Not to forget, there sure was a talk about Jhango takeover of CINE in the media, which made everyone excited!
So nothing wrong if this takeover topic is given more attention so it gets noticed by the media and helps in bounce back to 90s!
Last time, investors chronicle I think mentioned that the investors are speculating about Jhango takeover despite no RNS from cine about takeover and nothing from Jhango either. Media do read these BBs! Before the gang jumps on this, I will find the link and share it here although others can also search for it before jumping on!
Moody in his video, mentions that he expects more consolidation in the movie industry. The only real area this can occur is for someone to buy a cinema chain. With Walmart owning 160 drive in cinemas and no main chain cinemas in their possession. Netflix only the one cinema. Disney not expected to make a profit on Disney+ till 2024 and only if subscribers tops 200 million and also if they pay for a year and not dip in and out that is occurring at present. As well as Amazon and Apple expanding their entertainment efforts. There are plenty of buyers out there. Cineworld does find itself exposed to potential takeover threats. The next few weeks and months will see if any of these companies strikes first to outwit their competitors. IMO
Regards FF9, What most of us would agree is the first of the really big movies to get us going.
Well my local cinema has less screens set aside for its first days opening than was for QP11 , Cruella, Kong.
Bit puzzled by this, but sure they know what they are doing.
Haha. It's a shame there's no real cine news this weekend (or none that I can find). Anyway, seems as now lockdown could potentially be brought forward, which is positive. However, this is coming from a scientist. They seem to have differing opinions and the more I read, the more I can't seem to figure them out. They say different things. One said, '3rd wave is here' and one is saying no it isn't. I personally don't perceive this as a 3rd wave and hopefully the gov can sort things out and boost things earlier than expected. As for the US, I don't know how well things are, but I know things have been improving. F9 this week should bring attention and hopefully gets a great reception. Q3 I'd here and imo is a crucial sample for knowing how things will look over the next 6 months or so. I'm sure Mooky will have some news at some point or some surprises. The SP can easily hold up and hopefully improve if our figures do. Always external macro factors like inflation and other economic/political influences, that cause irrational or freak sell offs or even rises, so we'll see.
Ash it has NOTHING to do with Cineworld.
This is Cineworld BB yet LPD (been spending too much time looking at himself while doing that gym workout I think) brought us Morrisons, their shorts, their debt and their bid.
This was off back of absolute nonsense post from a nobody.
Yet LPD says it wasn't in a comparative manner.
Leaves me with no idea what he was doing then.
LPD won't see you or my replies as he has us 'pretend' filtered ;-)
You know that sort of filter where someone knows what you post and then proceeds to post something that makes it 100% clear they have seen exactly what you have posted.
:-) :-) ;-)
What on earth are you on about?? I know all about the rejected takeover. What does this have to do with Cineworld?
Poor choice of English Ash imho.
Morrisons is true hence the link. You might wish to reword a sentence in there a bit better.
Hahaha is Cineworld now Morrisons??? Reported hahaha. Seriously please take a minute to comprehend before commenting on my post. I don't give a damn about Morrisons, my comment was about us not them. Just leave me alone.
I applaud your efforts Saihaij
WSB and the Reddit movement is all about buying and holding your shares and then spreading the word. They then bring in more and more private investors en-masse via the forum who realise that they are there to stop hedge funds artificially dipping share prices to pick up stock. Then further waves come in that surge the price and cause short squeezes upon short squeezes and margin calls for funds.
Not saying its right but there are many sworn into it and it's been working. Success then brings in further investors.
Plenty things in the above text that you can do yourself from holding to spreading the word.
With recovering shares though there comes a point when £, $ and € start to speak for themselves or the share gets spied as being too cheap and a bid drops out the sky.
I was on the Reddit board discussing ways to get investors on board and scare the living crap out of the shorters, the opinions were pretty much the same, there’s not enough awareness of this stock however if there are any social media experts on this board it will be a good start!