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I must say SP looks a lot more stable THO'' 40 broken a few times , + CQ USA up 4 days on the trot, don't know how they are doing today as yet, but there SP was 0.7 c at close Friday, and no doubt they are up again for the 5th day, I put the move north USA'' down to the pressure seems to be off a little bit for them, and has found it's way to the UK parent CO
ADMIN fear, as we should have been at least 0.55p by now''
but just mousing with reasoning..
see if we can break and hold 45 tomorrow
GLA
Also it’s Perfectly Legal Too.
It’s a Bit Like Companies Headquarters Moving to the Cayman Islands to Evade Tax Which is Legal Too.
However Cineworld Would Not Be Allowed to Move it’s Headquarters to the Cayman Islands For Two Reasons.
1. U.K. Tax Reasons.
2. Cineworld Original Headquarters is in the United Kingdom Too.
Lastly Even if They Change the Company the U.K. Authorities Would Not Allow it Either.
Yes Well We All Know Mooky is as Bent as They Come.
But the Problem is All Money on the London Stock Exchange is Dirty Money I Am Afraid.
Basically All Investors are Laundering Money on the London Stock Exchange to Try and Make Money in the Future.
This is Why Some Much Money is Tied Up on the City of London it’s Dirty Money I Am Afraid.
DEAN, another thought'' don't forget the main banks known as the lenders, Like MOOK have got form for fiddling the figures in the past , and have all been fined huge some's of money for there fraudulent behavior so this plan shouldn't be any different, and should be thoroughly investigated before anyone sign on the dotted line IMO..
Ultimately it does not matter what happens in America. If they fail to meet legal requirements in the U.K.
They have still not put anything forward in the U.K. apart from trying to move HQ to the Cayman Islands and was rejected.
They will need to get share holder vote for this plan. Which will be rejected and back to square one.
Oh the Pressure.
Oh the Pressure.
Oh the Pressure.
Latest from KLL''
The Debtors hereby file this third amendment to the Plan (the “Third Amended Plan
Supplement”) in support of the Plan.
Certain documents, or portions thereof, contained in the Third Amended Plan Supplement
remain subject to ongoing review, revision, and further negotiation among the Debtors and
interested parties with respect thereto. The Debtors reserve the right to alter, amend, modify, or
supplement any document in accordance with the Plan at
any time before the Effective Date of the Plan or any such other date as may be provided for by
the Plan or by order of the Bankruptcy Court.
perhaps we will soon see the 4th the 5th the 6th the 7th amended plan where all small stake holders INC equity holders are included as this C11 is far from over the Judge only approve the disclosure statement not the plan itself DYOR
I must say a big thank you to all small stakeholder landlord for keeping up the pressure for us all..
Agreed I Told Them This Today on Facebook Too.
The Truth is Mooky Should the Right Thing and At Least Allow Cineworld to Stay on the London Stock Exchange and at Least Give Shareholders a Chance of Getting Their Money Back.
NICE TO SEE VUE DOING WELL and look like they are ready to take all Cineworld customers if they continue down this rote of nothing for shareholders?? social Media is a powerful tool when it comes to what cinema offer the best value for family
Cinema chain Vue said a fifth of its customers had purchased tickets to see both films in a double bill dubbed by social media as Barbenheimer.
More than 2,000 of Vue's Barbie screenings were sold out, according to the company.
Tim Richards, chief executive and founder of Vue International, told the PA news agency: "We knew it was going to be a big weekend based on the advanced bookings, which were also the biggest since the pandemic.
"The numbers are phenomenal. We had over 500,000 customers come to Vue on the weekend alone. We had 4,000 sold-out sessions, 2,000 sold-out sessions for Barbie alone.
"But I think that it's not just about Barbie and Oppenheimer, it's just a return to cinema.
AMC Stock Up 20% at Market Open Unfortunately Cineworld Has Not Done the Same.
The Truth is Today’s Rally For Cineworld Stock is Disappointing.
I Was Hoping For 0.5p at Least and His Hasn’t Happened.
In the current state the revenue from all of these hit movies is not enough to cover the operating cost PLUS the original loan payment.
After the debt is forgiven reduced (out of CH 11), then the incoming revenues "might" be enough to cover operating cost PLUS the new reduced debt payment, thus maybe turning a profit.
I hate that shareholders are getting screwed. Lets hope the UK legal challenge yields something for shareholders !
Who on earth was that aimed at? All three of the respondents to your post have had a bleak outlook for ages. I think you have one of us confused with somebody else.
My!My! I can’t believe how much your allegiance has changed, on here for months giving it the big Cineworld is amazing and how everything will work out ok and look at you now? Pathetic!!
MIKODX, What sort of reaction do you expect to get from your family and friends when you advise them to stop frequenting a certain cinema chain? I think I would be a bit bemused to say the least.
CINE shareholders needs to come to terms with the fact that CINE can never become a successful profit making company unless creditors write off large chunk of debts and freeholders of properties renegotiates leases/rents downwards going forward. Creditors have already decided they will not be doing that.
There is an alternative; get film companies to release 20 Barbies a year to significantly boost gate receipts and that isn't going to happen either.
ATB
"I don’t think you are allowed to put a successful profit making business into administration"
Agreed - but this isn't.
"Am I being naive but it's surely immaterial what income is going into Cine at the moment it's a company on life support with the off button about to be pressed at any moment."
You're not - it makes no difference.
I don’t think you are allowed to put a successful profit making business into administration. Quite clearly that would be an abuse of the system and an affront to shareholders and other businesses that genuinely need to go into administration?
Am I being naive but it's surely immaterial what income is going into Cine at the moment it's a company on life support with the off button about to be pressed at any moment.
I couldn’t care less how much they reap from Barbenheimer. The way shareholders have been treated throughout this whole debacle guarantees that I will never be going to or supporting any Cineworld cinemas from now onwards. I will also be advising family and friends to do the same.
Based on their market share $50m will be about their slice of which around half goes to the studios. So roughly $25m will be what they keep. Still, I'm surprised this hasn't created a bit of FOMO on the stock even though whatever the amount is it makes absolutely no difference to shareholders in the endgame.
Agree though that it is great news for the wider industry and has created a real buzz.
Whilst this is good news for the industry as a whole I’d like to know what % of that Cine took. If we just pluck random numbers from the air (which people love on LSE) let’s say Cine took 50%, which is being way too generous, then their share is €250m.
How much is the debt pile?
Now imagine they didn’t actually take 50%
Its just a small dent in the huge debt, that’s all. Look at the bigger picture.
This is a CO that do not leave out there shareholders no matter how many shares comes to Market
Eight Capital Partners PLC (AQSE:ECP) has told investors it is seeking an equity conversion deal with certain debtholders.
The company, in a statement, said it had sent out a memorandum to holders of its 4.8% bonds – a €10 million series due to mature on 3 September 2026 – and at the same time calls a general meeting for shareholders to vote in order to approve the proposed conversion.
Making the case for conversion, the company said: “Firstly, this would give [bondholders] exposure to the growth potential of the business as its strategy develops on the back of the recent strengthening of the company's balance sheet.
“Secondly, bond market conditions have changed such that the fixed interest coupon paid by the notes is less aligned with current market expectations.
“The directors therefore believe that this is an opportune moment for noteholders to be given the opportunity to convert their notes into the company's shares.”
If it proceeds, the debt conversion is predicted to see 18.4 billion new shares issued which would represent around 10.2% of the company’s enlarged share capital.
The conversion would be priced at a priced connected to the prevailing volume weighted average price (VWAP) in the ten days prior to conversion.
True But Crooky Mooky as Well All Call Him Won’t Get This Money For a Year Anyway.
Either Way This Battle is Not Over Yet There Are a Few Twists and Turns Left.
Cinema companies such as Cineworld Group PLC (LSE:CINE) and Everyman Media Group PLC (AIM:EMAN) are expecting to reap the rewards of the “Barbenheimer” social media meme.
Hundreds of thousands of people have bought tickets to see Barbie and Oppenheimer on the same day, according to an FT report, citing Comscore.
This is a “maybe a once-in-a-decade” moment for cinemas, said Comscore analyst Paul Dergarabedian.
Leisue analyst Mark Brumby at Langton Capital said film buffs are "fretting" about the upcoming clash between Barbie and Oppenheimer.
"They’re asking if you can’t watch both films the instant they hit the screens, will it ruin your life, etc. and, presumably in order to help them out, a Barbenheimer industry has sprung up whereby you can purchase T-shirts, posters and mugs featuring a mashup of both films.