London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Either Way When They Officially Delist of the London Stock Exchange Then I Will Be Believe it.
Until Then I Won’t I Am Afraid Nothing Cuckoo About That I Am Afraid.
“I Don’t Tell People How to Spend Their Money on Here I Am Not a Financial Advisor”
Did I say you did, did I say you are?
“Lastly I Am Not in Cuckoo Land I Am Taking a Punt Simple as that Really”
That’s debatable.
I Don’t Tell People How to Spend Their Money on Here I Am Not a Financial Advisor.
Lastly I Am Not in Cuckoo Land I Am Taking a Punt Simple as that Really.
Dean, do you live in cloud cuckoo land or are you just here on the wind up?
Honestly your comments baffle me.
Your shares (if you have any) WILL NOT transfer to the New Cineworld, you lose out. Simple.
Technically….
Cineworld DOES NOT (or will not) still trade on LSE. New Cineworld WILL and you own the grand total of sweet F A of that company.
Clear now?
Hello All.
Just Seen the New Company on Companies House.
Anyways Let’s Just Hope We Don’t Get Done as I Will Be Here Until the Very End if There is One.
Good Luck All With Your Investments.
Dean36.
But it is in the U.K So it’s True isn’t it.
"So the Point I Said to You About Cineworld Moving it’s Headquarters to the Cayman Islands Was Right."
You said the Newco cannot move its headquarters from UK, which is not the same. They can move it to Greenland, Alaska, Mongolia or anywhere else if they so decided...nothing stopping them.
@Oneforthemoney. That’s like going out for the night with two friends, one of whom doesn’t flash the cash while the other is generous, drives a better car and lives in a better area. The former may be financially comfortable and with little or no mortgage while the other may be up to his neck in debt.
You can’t judge a company by its cover (e.g. seating & sound system).
I prefer “Rushed Lakes” by the way.
Yea But the Headquarters is Still in Brentford Which is the United Kingdom Not the Cayman Islands.
So the Point I Said to You About Cineworld Moving it’s Headquarters to the Cayman Islands Was Right.
Also the Name Cineworld is Still Used Too So Cineworld Can Still Trade on the London Stock Exchange Anyway.
Lastly Why are the British Press So Silent on it Too Then.
Https://find-and-update.company-information.service.gov.uk/company/15022927/filing-history
Registered Office in Brentford
Shareholding in Cayman (as expected)
That company will be a newco that will own the debtors and all the collateral.
Our shares will have no claim on it.
Yea But They Still Keeping the Name the Cineworld Aren’t They.
So Cineworld Stock Can Still Be Allow to Trade.
@dean36
I suggest you read docket 52, 722 , 1470 and the latest plan suplements. It's less than a week before the game of musical chair ends.
@Hexam they were the thorn that kept CINE from refinancing IIRC. Mooky literally rather declared bankruptcy than face Plex again in court.
Meaning Please :).
A new 4th Ammended plan suplement is out. It has New Cineworld Limited as the company and the date is 31 July.
Me Kioto, that sounds to me exactly the same as the IOU suggestion you posted a few weeks ago. In fa t it is the same, just re-worded.
Seriously, you think they’re going to hand out IOU’s ?
Nope, ain’t happening, move along now.
@Tegop - I think they are in the pennies in the pound group so not a lot. I can't remember what the percentage is exactly and I'm not sure they would even get anything but am confident they won't be getting anywhere near what they 'won' in court (unless they can somehow pursue the claim post Ch11 which I don't think they can).
Tbh I don't much care as I think their fate and ours is not linked at all anymore.
I am sorry but it doesn't work like that, and life is NOT fair.
The old company / current set up has gone bust , the old shareholders had the chance to put extra billions into the pot but didn't because they knew they would never get their new money back
The new main shareholders are taking the risk and they want all / any profits for themselves and who can blame them. If you still hold any stock even if ti gets to 10p-15p it's worthless and will be gone when the new company takes full control. Maybe in 6-12 months if /when the new company floats / lists on the market you will once again have the chance to put more of your new money into it.
@Hexam
Do we know how much Plex will get from the GUC pool?
look at the money all these ******* sewer rats have made from cineworld customers and shareholders
almost $60 million
https://cases.ra.kroll.com/cineworld/home-downloadpdf?id1=mjq0mtm3nw==&id2=-1
Can we all agree on the fundamentals:
1. Once Debt is forgiven significantly reduced (CH11)
2. And the cost cutting of closing down unprofitable theatres take effect
The current incoming revenue from all of these hit movies will produce
a profit for them. If this is the case, do not see why shareholders need to
get screwed, and cannot be a part of this **If this will succeed in the future.
Allow the creditors to recoup their losses with the new Co, but allow a mechanism
to have current shareholders provided something IF the new Co succeeds and ends up
monthly green enough to float all of their obligations and cashflow into the black.
Well Juno, whilst you are doing that perhaps you can come up with a single piece of evidence where I thought we would LIKELY be ok at the end of all this? My position has been consistent all the way through and as you seem to be one the particularly dim posters on here (asking questions like why do they need to go in administration when they are solvent) I'll spell it out for you:
The company ran out of money - it was down to its last $4m
It went into Chapter 11 bankruptcy proceedings to protect itself from creditors (as it had no money left to pay them)
As part of this the lenders put in $1.9bn of DIP financing, a large part of which was needed just to keep the company going (and was badly needed as it has since made further cash losses of well over $0.5bn)
As a result the lenders are now effectively taking over the company and shareholders will be wiped out
There is going to be no token gesture to shareholders as firstly why should the lenders do this and secondly if they did they would have to fork over a $1bn to fully satisfy those creditors who rank above us and are currently getting next to nothing
So my take is, and always has been, that any LTH needs a miracle (last minute mega offer etc.) and any trader needs news that raises false hopes but will encourage people to invest and push the price up (this has already happened several times and could well happen again).
So traders can still make money here but time is running out and risk is increasing every day. LTHs though are relying on the near impossible I'm afraid.
So, in a nutshell, my view is that it is all over bar the shouting and an ever decreasing window of opportunity for increasingly risky trading.
You may well disagree with me, and that's fine as opinions are subjective and everybody is entitled to their own, but don't pretend that I have disagreed with myself.
I just dont get what people see in this,the end is nigh! No cash,no nothing soon,bail out,get the parachute ready and see if you can hold on too anything on the way down.END
45% up in Frankfurt