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Except Cineworld is no where near Bankruptcy and one of the main shareholders with 28% of the company is HSBC whom most of the debt is owed to. So they will and have restructured the debt. They will get the money back in the long term.
So stop fretting. Buy some shares or short the company. Or just go out have some beers meet some fellow trolls and to discuss all the nonsense you all post.
Except Cineworld is not based in the US. Regal might, but Cineworld is listed in the Uk.so does not qualify for chapter 11.
A perfect storm is brewing for a short squeeze very soon:
US cinemas reopening
Tenet releases 26th Aug in UK, 3rd Sept in US
Legal wrangle with Cineplex postponed for at least a year
Russian vaccine announced, US vaccine imminent
Covid has plateaued or falling in key markets
US law change to allow film studios to own cinema chains
Cinema Ceos confident about future
Chinese taken substantial stake in Cineworld
100p easy by end August imo
GL. Dyor
What would happen to the value of Mooky Greidinger and his families 30% stake in Cineworld if they were to file for chapter 11? What would happen to the value of the shares of all other board members who own the stock?
Do you think the board would exercise all alternative options before filing for chapter 11? Is it possible that if in the highly unlikely circumstances that the cinema industry is not back on its feet by July 2021, the Cineworld board might simply take on some additional debt or complete a rights issue to see them through?
@ian
Don't bother responding to the --ckwit known as indepth. He is either a paid derapmer or as previously described. The minute you ask him for some detail he doesn't respond. Piece of trash. Don't bother with it.
I think the ffilm studios are very keen to acquire a large US film chain
Dude this is not going bankrupt. As for why would studios ant to buy a cinema chain. Who do you think lobbied Trump’s administration to get the paramount act repealed. Which studio would not want to take 100% of the box office takings from its films and 40% of its rivals as well. It makes great business sense for a studio to buy a cinema chain.
But as you have no money to invest or balls to short. I guess you will just troll BB to get some kind of weird kick. You know you could visit a dominatrix to sort out your fantasies of getting punished..IMO
Let's see
I think a 200% uplift to £1.50-£2.00 a share is not unreasonable with the current situation
In 6 months time the price will b £3+
An offer would need to be accepted by the majority of shareholders laidback and I just don't think those who invested pre-covid (the big instituational investors etc) would accept anything at a loss, unless it was a stock offer and it boosted their prospects.
If take over now, I think £1.50- £2.00
In 6 months, any takeover would be £3+
That's why I think takeover sooner rather than later
Imo
"Now that would be life changing money."
It certainly would.
Means my ten shares would buy me a SERIOUS blow out at Abrakebabra.
2 questions folks
If bought by a private company that isn't public limited we would just receive an agreed figure per share ?
If bought by a public company do we retain our shares or offered an equivalent amount of new shares stock for stock
or is it better to sell as sp ramps up
Thanks
You've answered your own question there in-depth. A studio would buy the cinema for exactly the reason you just provided. Also, because they're so darn cheap right now so it's the cheapest time to do it.
Now that would be life changing money.
I feel £3 a share and upwards. Considering Mooky bought a lot of shares around £2.20 he would want to see a profit before even considering selling...if a couple of companies start a bidding war. There are only three chains companies really want. AMC, Cineworld and Cinemark. Then the price could rise to around £5 a share. IMO
Let's remind ourselves of the spread of major shareholders. With damn near the magical 30% held by the current boss and family that's been involved for near on 100years there would be little to zero point in any bid not appealing to them and anything under the previous 5 years average would almost definitely hold no appeal.
The price would be dictated by the future dividend and the sense of the company still being a going concern.
Currently we have some large investors, one of which had a pre-covid share valuation circa $7-800Mn GBP give or take a bit and would have been regularly getting a 5-8% dividend on that (28% on 1.37Bn shares at e.g. 200pence a share). Plus some others around 5% holdings.
You don't throw that away cheaply.
I think the issue is how to you value the company when future cash flows are uncertain right now, for valuation purposes. Not pre-covid price right? But not 50p... £1-£1.50?
Hi btw!
I couldn't imagine a realistic take over offer being anywhere less than £2, I would suspect somewhere between £2 - £3 would be offered baring in mind that whichever company did buy Cineworld out would also take on the debt, that being said a conglomerate company would likely have the funds to pay off the debt in one fell swoop and so makes Cineworld a far more attractive cash generator.
There are lots of Cineworld takeover rumours and also private buy-outs.
What are people's thoughts on what the takeover price would likely be and why?
Surely this wouldn't be less than £1?