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Hi guys,
Here is the article. Looks good to me! Cannot wait to see the shorters gulp when the price rises!
Hopes for a rescue of Cineworld are rising after it emerged the world’s second-biggest cinema chain is in talks to secure lifeline funding from two competing groups.
Hedge funds, which provided a $250m (£190m) loan in June, have offered sufficient extra funding to help the company survive the pandemic.
A second group of longstanding lenders is working on a rival proposal, according to Bloomberg, which first reported the proposals.
The lenders are said to have written to Cineworld earlier this month, complaining about the company pledging assets to the hedge fund group that includes Centerbridge Partners, Arcmont Asset Management and SandGrove Capital Management. The lenders reportedly claimed they have security over the assets in question.
Cineworld declined to comment.
The future of Cineworld, whose acquisitive growth has been masterminded by Israeli businessman Mooky Greidinger in recent years, was thrown into doubt as the pandemic hit earlier this year.
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With debts of more than £6bn and its theatres forced to shut, the pandemic exposed structural weaknesses in Cineworld’s finances, according to some onlookers.
The prospect of two competing factions signals Cineworld will secure at least $200m, an injection that Mr Greidinger recently said the company required.
One source said that a formal deal announcement was “imminent”.
Mr Greidinger wrote to Boris Johnson in October, urging him to offer fresh support, sparking fears for Cineworld, which employs 5,500 people in the UK and 45,000 globally.
Earlier this week, the Financial Times reported that Cineworld was considering a radical restructuring to reduce its rent bill in Britain.
It was said to be planning a company voluntary arrangement to shut some sites, while slashing rent bills for those theatres that remained.
Shares closed 4.3pc higher at 46p, valuing Cineworld at £632m. The stock began the year at 222p.
Stock Split vs. Reverse Stock Splits
A traditional stock split is also known as a forward stock split. A reverse stock split is the opposite of a forward stock split. A company that issues a reverse stock split decreases the number of its outstanding shares and increases the share price. Like a forward stock split, the market value of the company after a reverse stock split would remain the same. A company that takes this corporate action might do so if its share price had decreased to a level at which it runs the risk of being delisted from an exchange for not meeting the minimum price required to be listed. A company might also reverse split its stock to make it more appealing to investors who may perceive it as more valuable if it had a higher stock price.
Hi guys,
When do you we think we will hear about any covenant waivers? Also what do people think this share could be valued at by end of January?
What does this mean chaps?
https://www.bbc.co.uk/sounds/play/w3csz8b6
The link for you guys...sounds positive people..
Hi guys,
Hope all you lovely people are having a nice day. Can anyone post the link to this interview as would like to listen. Thank you.
Loving the filters! Amazing not having the imbeciles posts to view...they are probably reading The Sun newspaper and drinking Tesco Value teabags x
Another brainless fool now filtered.....beautiful. For all you intelligent people on the board, I hope you have a great day!
Maybe he knows how to use google for the translation x
"This message has been filtered, please adjust your filters to view"
Best way to deal with Insi and ShorterGuy (next on the cull)....both people who lack intelligence, constantly typing utter rubbish without any clarity or knowledge...pathetic really...you just have to feel sorry for these people. Imagine how sad their daily lives must be.
#filtertheidiots
This filter option is lovely! Keep the positivity going rather than idiots posting old news. Feel sorry for them really.
When are the next results for AML?
Does anyone experienced give a rough view of what the SP will be in December time?
Hi chaps
New to this board. Could this realistically get to 1.30 by Xmas?
Hi guys,
New to the board so hello! I cannot understand why now COVID is getting better, positive interviews on Bloomberg, numbers appears to be good and should get better and better why the price is not progressing. Seems every other share with a bit of good news steams forward! A lot of good news here but not moving forward!
Can someone help me understand.
Thank you all...
PS I ignore the idiots purposefully deramping...
I wonder what this could reach by the end of September? I am new to this and average 65p for 20k..fingers crossed!!
Just watched an interview with the CEO, live interview and very positive on Bloomberg! Should hopefully assist on Monday’s SP..
Hi guys
New to trading and bought 36000 at 45p..so really enjoying the ride. What do you professional peeps think this could rise to this year? Not sure when to cash out..eek
Thanks again
Thank you for the reply, really appreciate it! Loving the learning of trading!
Hi guys
New to trading, bought in at 44p so really exciting! Two questions:
1. Do you think this could hit a £1 by the end of the year?
2. If it say hits £1 and I press Sell on 212 Trading, do they have to accept that and I get my money or technically wait for someone to buy my shares. Sorry if sounds silly, very new to trading!
Thanks all.
Thanks Guys appreciate the replies.
Hi all,
A newbie here. Bought in at 45p, tempted to sell but reading a lot of good news. Think there is ever a potential this could go to £1 or more?
Have a good day.