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This is entirely my own speculation of course so I respect all contrary views. Just really discussing the options that may play out.
Cine was a perfectly profitable and large business before Regal was added to the portfolio only 3 years or so ago. So I don't really see Regal as a critical arm. It is hugely valuable of course and why it will not be sold cheap (as a share holder I very much hope so). At times one has to cut ones cloth according to circumstances.
Thanks for all the comments, it's been an interesting debate. ATB
Theres no point thinking about it, you say it would restore Cine to financial solidity? By cutting off our most valuable arm?
Sure, but this would restore Cine to financial solidity. Mooky and his legacy would still remain intact and in charge if what was the estate before Regal was bought. Off loading Regal to generate cash at this time if anything consolidates Mooky's hold on Cine and will allow himto see off any potential unwelcome takeover attempt. IMO.
Also if he was thinking about selling up, he would have bought back his 8% of shares he sold in 2020 at the reduced rate to lower his average, surely?
MoOky is not about to break up the business. We have only just really got Regal in the grand scheme of things. Lets just focus on getting a year or 2 out the way with exceedingly good revenues, and then if someone wants to offer us ALOT of money then MoOky might be persuaded. However i still think MoOky wont want to give up his legacy, no matter how nice it would be to be offered like £4 a share it just feels like selling himself and his family short in the long term.
IMO Netflix or Disney will buyout Regal. Jangho may well be in here having anticipated the same or will do this in partnership to in effect extend the franchise to China (with the tacet blessing of the Chinese government).
Mooky will remain in charge of the original Cineworld estate and have a sound financial footing to rebuild.
I'm staying put with all my shares to see what unfolds. Could have bailed with nearly 3x my investment, but am happy to stay patient for the jackpot. All IMO of course. ATB