Member Info for Bertles

Slow puncture or a failed souffle....take your pick

@passingthru

You are right, all the news is already out and it doesnt take a genius what options are left.

This time last year RWC doubled their holding in Capita. They as well as all the other II's have lost an eye watering fortune on this. I reckon RWC must be near 90% down on this.

Schroders swallowed the dogmatic pill and moved yesterday through gritted teeth.

CPI has cost all these II's a fortune like you wouldnt believe !!!!

@nightwatch

That was last year. Its laughable what he says because 6mths after that he announced the turnaround was no longer on track.

I think he has lost the changing room and he no longer knows what he is doing. Single handedly has derailed this company in under 2yrs.

His appointment has been calamitous and the II's must be absolutely livid !!!

Tenet cost around $200m to make and took around $251m globally

It was meant to be the film that brought Cinema back on trend. That really was unrealistic in the current climate.

On the evidence of those figures I would expect every studio to pull back on major releases until 2021. The problem here is can Cineworld hang on that long......

The financials are beyond terrible really.

Cineworld is reliant upon 2 things right now. Emergency cash/liquidity raise and a string of successful blockbusters with HUGE attendances.

Disney have pulled Black Widow from November until May next year now.

I would expect other studios to do the same. There's absolutely no point launching a film when you know the audiences arent going to attend. Studios wont risk their take.

As for the financials its lucrative to see how Cineworld can weather the storm until Q1 and Q2 next year without a substantial fund raise of some sort.

The drop is due to todays announcements and outlook. Its a dire situation really.

That article is pretty much spot on. If the studios had any sense they will pull those releases until 2021. Everyone knows hardly anyone will turn up to watch these movies in a cinema right now.

Mr Bond can't save it. In all likelihood releasing the movie in this climate will hurt its takings. The studios would be better off delaying it and they may well consider to do so.

After todays announcement Cineworld prospects are at best precarious, double 0 status for sure...

Just on that 1st point alone having been to the cinema a number of times since they opened it has been absolutely dead on every single occasion.

Opening their estate has cost them money and I dont believe they are taking any worthwhile income to offset costs right now.

No doubt they will need further liquidity but a dilution would equally water it down so much as to be a non-starter. There may not even be a succesful take up.

Its a sad day for Cineworld :-(

@johnht

Spot on. There's more risk and scope for this to get worse rather than better right now.

On the other hand there's those who were thinking it couldn't get any worse.....but it did today

Heavy loss, debt and further funding is weighing heavy on this now.

Short/mid term no chance, long term is lucrative.

Bond won't save it just yet....no time to die but it could be a lingering one

None of this a surprise. The results are poor and the debt monkey is jumping up and down on their back.

Theatres, cinemas etc they are all getting hammered. Perhaps people should actually try going to the cinema and see how dead they have been. Footfall is totally decimated.

The spike of re-opening has firmly been and gone. This is a proper risky long term play now.

@Owls

Cant disagree with you and some great points there.

Its too late, you are correct the current leadership is debunked. Problem here is even with a change of leadership at this stage I would highly doubt any new mgt team will have the cash to be able to do anything meaningful !!!

@sudnal

CPI is no longer the master of its own destiny. Schroders had no option but to step in yesterday.

@1nvestor

Always good discipline to set your stops and limit losses. This one has been sliding like a dog and had it not been for Schroders yesterday this would have slid more.

Its pretty obvious what Schroders are doing. That move was coming a mile off. The vultures have been circling for ages and CPI is sitting ripe as a plum!!!

Its mystifying really where all that money has gone !!

Its a sitting target for sure. Schroders seem to be getting all their ducks in a row .....

@trytobuylow

Here's a message from their CFO a year ago. The mind boggles how you can go from that position with £700m in the space of 12mths.

https://youtu.be/gqOOvXt7i_8

@trytobuylow

That's spot on. Financial results, announcements and record of delivery will all bear heavily on analysts outlook.

Do you think there maybe another dilution and rights issue on the horizon ? I doubt it will go down very well at this time. The previous £700m seems to have gone down the chute without a trace. The first question is what happened to all that money !!!

That's a loaded email if ever I read one LOL !!!

Firstly, speaking of obligations to stakeholders as CEO he has an obligation to protect shareholder value. Clearly with a languishing SP he has forgot that duty !!

Secondly he speaks of 'interest' from outside parties in Capita but then goes onto say 'no offer' has been received.

I think most people will understand there doesnt have to be an offer on the table yet for takeover interest to be gathering afoot.

All in all not a great email to be circulating at this time. It raises more questions than answers. Better not to have said anything really and only goes to show he's got his eye on the wrong things. He should be addressing more fundamental issues right now !!!!

@ sudnal

Thats probably a wise strategy for now dependent on your buy in price. If you bought in cheap anyway then limit your losses. You are right cash is king right now.

While its sliding like a dog the way it is there's no knowing where its going to bottom out. I agree with your position its too risky, much better to buy back in on ascendency.

@night watch

His position has been untenable since March. He was appointed to have restructured this company.

Not only has he spectacularly failed in that, all the £700m has also vanished !!

CPI has gone backwards. The SP is at a catastophic low, restructure gone to pot and £700m sunk without a trace.

The worst of it is they need a ton of more money now. Its a shocker !!!