Member Info for AJones

The way the news has been manipulated! Not showing the full picture as always!

Definitely oversold! A Market cap of $39 million for a $4.5 billion turnover company?

When a business goes to a bank for money, they have to make a business plan showing the research they have done to show that they can afford to re-pay the loan they are asking for. Most businesses go to banks for money to help them grow! Cineworld can easily show from the Blockbusters coming out in the next 12 months that they will be back to where they were at $4.5 Billion turnover! Why would the banks risk losing it all? Really? Come on!

How many sinking ships can say that they will increase sales by over 100% in the next 12 months?

I do not think there is anyone in any serious profit here! A lot are worse off than others! Personally, if I was at a massive loss, I would just leave it and see what happens. I am invested in here as I think I will see a good return!

Have you put the car leases for the Directors and Area Managers in that as well :D

Where have you got $8 Billion from? The debt is at around $5 Billion isnt it?

I never actually knew that! Thanks for the information!

AMC went through something similar in 2020 regarding a Chapter 11 bankruptcy and ended up renegotiating debt and finances! AMC are still trading today!

https://www.cnbc.com/2020/10/20/amc-warns-that-bankruptcy-is-on-the-table-as-cash-runs-low.html

https://variety.com/2020/film/box-office/amc-theatres-bankruptcy-likely-1234575780/

https://www.bloomberg.com/news/articles/2020-10-14/amc-s-ceo-says-company-focused-on-fundraising-not-bankruptcy#xj4y7vzkg

I was defending poor investor saying it goes both ways!

@smartie it goes both ways!! What about the ones that said it would be under 1p on Monday and the ones that said it wouldn't open back up Monday and to get out! The ones that said we would be locked in! The ones that said it would go bust over the weekend!!! You can't just have a go at poorinvestor for saying it will go back up!

Your money do what you feel is right for you

I am not advising anyone to get in or out. Its there money to do what they want with! But people need to stop comparing this to other companies! If anything compare it to AMC who were in a similar position in 2020!

It's called studio delays and lack of films! 2023 will have more blockbuster releases than any other year in a long time!

Why would lenders right off $5 billion and let it go bust? when the company can show it will be back to were it was at $4.5 billion next year?

People keep quoting Mccolls, Debenham, Thomas Cook, studio etc to cineworld stating the writing is on the wall! The biggest difference between them and cineworld is that cineworld are actually going to increase turnover and profits back to 2019 levels of $4.5 billion from the current $2 billion! So when they speak to lenders they know the business will succeed again! The others that went bust had no means of increasing turnover and profit and were in massive decline!

Was AMC when they were purchased in 2012?

Do you think a purchase of the business would be off the table? I have been looking at AMC and it was purchased for around $2.6 billion in 2012 and had net debt at over $2 billion. Cineworld's current market cap is £44.82 Million if someone was to make an offer for 15p a share and take on the debt they would be getting the whole business for around £220 Million + £4 Billion debt! Which would put it around the same as what AMC was purchased for in 2012 by Wanda Group. The likes of Disney must have that kind of money when they have a market cap of over $220 Billion!

£15 each? Wow! The Cineworld near me is £5.99 a ticket or you can get unlimited for £12.99

The Worldwide Film Industry was worth $136 billion per year Pre Pandemic of which $42.5 billion was cinema releases! I do not think Disney, Sony, Paramount, Warner Bros etc will survive themselves if that was to be lost! Who is going to pay for Tom Cruises Beverly Hills mansion with no Blockbusters being released :)