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Glad Mooky listened and shut shop.
That it was... i would like to thank: PinkEye, Saihaj, Parsley2, Chartz, Bolox, and the rest of the £1 crowd.
Born ready.
The Prophet has spoken real words of wisdom..... Give us a break and fast forward to 2020 and soon 2021 too.
The Cineworld Group is a Multi Million Multi National operation with millions of hard cash invested in the latest
tech to bring you on the best vision and sound experience that you can only dream in your four wall studio flat.
Bring it on and watch for tomorrow latest news. We're going to be bouncing like never before.
Are you ready to Rock & ROLL ? i AM. NoFear
Not about affordability it’s principle
Can you not afford the food then? Lol
It when they search your bag for contraband
Lol 1 scoop of Ben n Jerry’s £4, no more Tom n Jerry lol
I can understand how you would have bad feelings towards cinemas if you believed that buying popcorn and a drink was mandatory to watch a film..
My popcorn is out... the nachos with vegan sheez are ready... and waiting 8am CINE ticker show at the London Stock Exchange.
Drink & popcorn for a tenner lol they will burn in hell
The most expensive popcorn lol robbing bar stewards
The biggest show of all time
1. Cineworld have lease liabilities that they have published in their 2020 H1 presentation that they have:
"Secured rent relief and deferral with most of our landlords"
This to me suggests, most of their current lease liabilities are appropriately deferred.
Source (Slide 4): https://www.cineworldplc.com/sites/cineworld-plc/files/reports-presentation/2020/interim-results-presentation-2020.PDF
2. Cineworld have stated they can remain OPERATIONAL until September 2021, performing AS-IS. So you're wrong, Johnht that they only have funds to December 2020, unless you mean December 2021 which is a possibility if they continue their cost reduction programme.
"The Group's forecasts and projections, taking account of reasonably possible changes in trading performance, show that the Group should be able to operate within the level of its current facilities for at least 12 months from the approval date of these interim consolidated financial statements, however the covenants are forecast to be breached at 30 December 2020, 30 June 2021 and 31 December 2021. The expectation of the Directors is that waivers will be obtained"
Source: https://otp.tools.investis.com/clients/uk/cineworldplc1/rns/regulatory-story.aspx?cid=655&newsid=1418344
Dream machine - I don't understand what you are trying to say or get at. Good luck with your investment.
indepth, with a serious lack of high quality blockbusters and the second wave in swing, it might well have been prudent to shut shop until Christmas.
NEX and WMH didn't have $8bn debts. The last I checked lease liabilities are very real debts and they'll be chasing CINE down if they default.
Debts are good when you don't have a massive burn rate and good revenue. CINE has just enough money to last till December... revenues are on hold until a half decent movie comes in, and even then at best it might be survival till January. Its a very precarious situation to be in.
Amazon had $24 billion debts. I wonder what that debt level is now. BP and Shell’s debt level dwarf Cineworld. Sometime having a lot of debt is safer than having very little. Very little the banks can recover there money easily. A lot and they take a big hit. Hence why they would more likely do a deal with Cineworld. It is in both parties interests.
I'm with you dreamachine.
William Hill has done exceptionally well.
National Express is preforming very well and I see good prospects in the future for them.
Cineworld will take a while, but I see the recovery there, too.
I'm a patient investor who can read the Cineworld report and make up my own conclusions without being coerced:
Slide 3: Net Debt $4bn (pre-IRFS 16).
I know that rent negotiations are underway so why would I be looking at lease labilities knowing full well they will be deferred/relaxed.
Slide 4: Secured rent relief and deferral with most of our landlords
Source: https://www.cineworldplc.com/sites/cineworld-plc/files/reports-presentation/2020/interim-results-presentation-2020.PDF
Share price too low to benefit from dilution of the shares.
Also do not need what percentage approval they need to do that. With HSBC et al heavily invested at £2 a share. I feel they will not getting the necessary support.
Closing the cinemas would be a good tactic to get the studios to suddenly try and release films they have pushed to Studios burn rate of cash, far exceeds the cinemas. Disney has hired Pinewood studios for the next 5-10 years. Streaming and theme parks unlikely to turn a profit for two years. So no cinema revenue as well...hence why apart from other business aspects, leads studios into seriously looking into buying a cinema chain. To diversify their income stream.
Did NEX and WMH have an $8bn debt?
After that buy, not in the near future is my answer.
Just buy back in while its a bargain. Then you can join us with our celebrations over the next 6-12months.
A total of $200 million-$250 million available and a burn rate of at least $60 million-$80 million a month... I'm thinking shutting shop might be a better way forward.
The question is, when will they raise more money and dilute the current shareholders?
Didn't you sell all your shares?
Why are you still posting....
The note by S&P credit rating agency claims a total of $200 million-$250 million at the end of September and a burn rate of at least $60 million-$80 million after it reopened theaters in July-September. Survival is a tight-rope walk to December when CINE has to pay its debts.
With $8bn debt and priority will be to resolve this before private investors get any realistic benefit, at what point is this going to be positive for the private investors?