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Lol wolf, have you ever seen that happen before. Let me tell you something, if this was going bankrupt, money would never be given like that and if you think they are going to dissect the company, well, if they did that, all lenders will not get their money, plus the lenders that will would only get a fraction of their money.
Only solution is, let them continue as they are, just a few symbolic penalties. I could be wrong, but I don’t see any other solution. What you are suggesting, isn’t possible, the maths don’t add up.
Imho
For gods sake poor it's not a huge cash injection .... it's being provided by the existing lenders with the intention of providing minimal cash flow to keep the lights on for ten months with the balance refinancing ROW creditors and a tranche of the existing debt. The judge didn't award it to them the DIP lenders coffered it up before the first hearing. The judge has only delayed the refinance part for a few months.
It's going them first dibs on the carcass - you have to understand this mate.
There are some real idiots on here, Debenhams and Thomas Cook situation was completely different to cine. Did you see a judge awarding them a huge cash injection??
The narrative builders started with cine going bankrupt and now have progressed to shareholders getting wiped out. You would of thought, once they realised that cine isn’t going bankrupt, they would stop posting.
Imho DYOR
Thomas Cook another casualty of debt wiped out investors.
I can’t believe some are wanting the SP to drop to 2 pence so they can average down. Ridiculous. If you truly think that you would sell all invested and then buy back cheaper. Madness!
Don’t Forget carillon 18000 worked for them.( too big to fail is a pathetic line)
Don’t worry Awesome. It’s only a paper loss. It’s very nerve racking watching the s.p.. fluctuate so much but the market is looking on the downside but there is a very good chance, I think, of an upside soon. Don’t forget you have only lost or gained when you sell so just hang in there and I wish and pray that it all comes good for us all.
Thanks Dimicho and antlev, in this desperate time, some glimpse of hope is very welcome, I can wait even 2 yrs as long as there is hope of not losing all my investment. Cineworld share was such a sure winner for me that this really came as a shock
Sorry to hear that Awesome22... I hope this works out for you and you can recover some of that investment. ATB...
Is there any chance of it going that high (£2), all we hear is bankruptcy, dilution, difficult to even imagine 20p at the moment, I bought at £1 and now I have lost almost all. Lots of sleepless nights and loads of worry
Also who would wanna make a bid, as long as Cineplex-case isnt sorted?
Source @ Woodstock?
This company will probably announce a take over offer by a big name. All the excitement could push the sp to higher levels. However excitement will be short lived.
An example is Debenhams. Mike Ashley made a bid. Well most of us are aware of Debenhams shareholders fate.
Good luck all.
The fundermental mistake for some is assuming that brand names will not go bust.
One example of this was Flybe. The company had Nav of 46p a share and was sold for 1p obviously leaving share holders with nothing.
Debenhams, Thomas Cook and a few others went the same way.
Cineworld might hit 8p because the stock is very very volatile but the end game for this company will be the same as other failed high street brands
Nearly choked on my sugar puffs then.....ffs!
I look at these boards in the same way as TripAdvisor reviews - filter out the 10’s & 1’s, and read the reviews in the middle. Already today there has been one poster claiming 0p and one claiming £2.
Excellent question calamari, maybe you are evolving into a higher species. :-) To answer your question, certain existing lenders, their names weren’t given.
"Cineworld obtains approval to immediately access up to approximately $785 million of an approximate $1.94 billion DIP financing facility to, among other things, support ongoing operations"
1.94b wasn't granted.
Surely if everyone agreed with this the SP wouldn't currently be sitting at 3.16p
I Seriously cannot see this failing to hit the 8-11p range prior to the 22nd September & 20p+ after. Crazy lows atm.
Revenue in 2018 was $4.1B in 2019 was $4.4B (800m profit) in 2020 (Covid lockdown) $0.8B & 2021 (on & off closures) $1.8B.
As for 2022 perhaps a very conservative $3.0B?
With the C11 protection to allow existing debt to be restructured over a longer timeframe (and probably greatly reduced with a modest equity swap) along with the short/medium term liquidity cash injection granted ($1.94B)
Personally I agree with Mooky and can see a very bright future for the Cine brand going forward.
The potential downside is a fraction of the potential upside. IMO
Cine is at rock bottom now but the SP could be back above £2 before you can say "sh*t I missed than one"
GLA