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Don't be sorry I don't live in wales.
Cine have $3.6 billion actual debt , don’t listen to the trolls who keep adding in the leases.... because that’s ‘apparently’ the new way to do it... haha haha! That’s obviously when it suits right!!?! Roll on next week... another week closer to the doors opening in the US and CN Tenet which is being advertised EVERYWHERE!!! I can hear the ££££’s already!!!!
No one knows how much rent they have been paying during lockdown...InTu struggled to get paid rent. I am sure the same is the for a lot of commercial landlords..
Sorry for the confusion Bolox, the food and drink thing was because the reason the Welsh Cinemas weren't open yet wasn't because they're not allowed it was the rules about food and drink indoors. It wasn't viable for Cine to reopen but now that's changed for us Welshies.
thegame. This is a great post, thanks. There seem to be lies flying around about the debt, this clears it all up. It’s in black and white in the annual report. Cheers
Awesome, well done for finding out mate.
Fair play jenks, thats really interesting. Clears the way for a studio or tech company's to take over if they wish. I can definitely see Disney wanting to control the full distribution process in the future.
Answer at the top is about Wales, sssshhhhhhh :);)
Jenks, not for me to answer, but pretty sure the question was about Wales.
England is open.
@m00la, friday next week, if no spikes.
Can confirm they're serving food + drink in England
For the last time the lease liabilites are what CINE are set to pay for the leases they have left for their theatres/cinemas. This would normally come under depreciation but has now been classed as financial. But there is no interest on it and it does not need repaying in a lump sum like a normal debt/loan. It is normally under depreciation but has now been removed from there. Please just look at the latest annual report and try to figure out why the EBITDA has increased all of a sudden by $0.5bn. Its nothing more than an accouting overhaul which some people are putting a fake spin on.
I suppose they think if they keep repeating it, then it may become true
That good or bad re the decrees? Can't quite work it out.
Indepth, change the record, it's friday afternoon get yourself out,
maybe go to the cinema, there is a film called " Unhinged " which is
doing pretty well at the box office...
for crying out loud, I can't believe we are still having this figure of $7bn still trotted out. The net debt is $3.6bn. The rest of the so called debt is just a recalibration of the accounts. Even a simpleton can look at the annual report and see this "liability" has been moved from depreciation to financial bit on the accounts. This led to an increase in EBITDA from $1bn to $1.5bn but the de-rampers don't seem to acknowledge this fact.
Hey M00la, I haven't, let me check.
In other news, you might appreciate this, just happened - https://twitter.com/DEADLINE/status/1291743286588084226
@jenks
You heard anything new on Cine reopening in Wales? I've heard nothing but would have thought it would be pretty soon. If indoor restaurants have reopened surely Cinemas would be allowed to sell food/drink.
Paid posters on both sides Robert, the sob stories are typically fake. As you say, the board is a farce and should purely be used for amusement :);)
Try and avoid this board now as it seems to have been infiltrated by idiots.
Flicking through some of these posts I dont like it when I see people panic selling. Look at the news and decide for yourself whether this price fall is justified. If you think it is, or the company is going bust, then sell. If not, dont panic. Hold your nerve and sit on your investment. There are people benefitting from this fall, and you can be sure they'll benefit if and when the tide turns.