Member Info for CP85

With acm, could I be right in claiming they didn't react quick enough with the route they choose and mooky has at least had a clearer vision for the end game and path he was going to go down, truthfully not too familiar with amc, I probably need to Google that more before really commenting

Yep ok, but carpetright was in trouble from 2018, again 2019, and finally went private 2020, so although I will need to check further I'm not convince that would be a great example to apply to this situation

Indepth, I've tried looking into cva a fair bit as was worried, share dilution isn't a certainty at all, please give examples if Im wrong but I struggled to find any company that ultimately survived and had share dilution immediately after the cva deal, a fair few once the recovery was on its way, so I'm not ruling it out at all, but at £1 plus and by then most may not be as concerned to dilute, or would have got out in profit anyways. Cva makes benifical sense for both parties espically when a lender has lent to a company without the assets to cover the debt the fact it's occurred because of a forced shutdown there even greater argument that the lenders would extend the credit. Its clear to me the smart money is now on survival, precovid levels way off but my money is a lot safer if cva is agreed rather than not, and as you know why the debt was built up seems odd to then say its unprofitable hence the debt

Have to admit I'm in the camp, you go first but agreed if you want to travel, work in schools hospitals, care homes etc you will be up straight after the most vulnerable get theirs and not sure there will be a lot of choice in the matter, me I'm 35, fit and healthy, I can afford to sit and wait to see any ill effects occur, others won't be given that option imo, the world needs this to be able to function, we're on a knife edge, the medical world may have just saved the worlds economy as we know it

Just because I've seen the green box, assume shorter has a different view to most, out of interest, with shorts do you have a stop loss on them or is there a set amount you have to have to keep short open, ie does it automatically close passed a certain point or can you litterially accumulate a massive infinite loss, I don't do cfd as its akin to gambling imo and with no real knowledge I don't trust myself with them, seems slightly safer just buying the shares, in my head anyways, I have had companies go bust on me so know what that feels like, but I've alway known my maximum loss possible, still bloody hurts though!

Pretty much all I could find, 5% drop though, so maybe something else us mere mortals not privy to yet? Or just a natural retrace as it's been on a steady rise for weeks, I'm holding, think 1-1.20 is fair price considering where we are at with recovery hopes etc

Fair assessment funinvestor, funny how depending on what you want to hear/read the same articles can be used to support either argument at times, me personally, I like the rumours, probably false hope but shed load better than having a weekend of fear! Happy days!

Pray for that's my interpretation, however I'm a pretty average investor, ie I beat the banks for my small savings isa but don't earn proper money, this is my main gamble of 2020, massively affected industry, company with huge debt, the price of share reflects this and I thought sod it worth a punt, 2nd shutdown proper caught me off guard, avg was 50p so like most that following Monday was painful, god I wish I brought at 16p but at that point I honestly thought well there goes my investment! I've average down on the recent rise to 65p, which has made me fair more comfortable, imagine having a short out on that Monday and seeing the price bounce back to 30p! Shorter your gamble is looking more risky now!

Be fair the buggers did the second shut down over weekend, was a fun Monday morning from memory! Fingers crossed more positive new comes out during weekend, but great news for the more nervous holders of us!

Indepth, correct results were a lot worst than expected being closed for only half of it! Not sure if they did like a few others and wrote off things etc ie get all the bad stuff done and dusted, so next results, update look better. I personally think competion for the debt is ridiculously good news, even if it is just talks, the reduced shorts could be a really good sign though, I truly believe the big boys hedge there bets so short to protect their positions until they're more confident, ie is something brewing?

Probably being naive, but that's good news right, if there is competion to service the debt, cineworld isn't necessarily forced to take a 'bad' deal, I read that as a good thing for sure? Good post!

Dude, seriously read investiod posts more closely, he ain't a ramper or deramper, he clearly hasn't got all his eggs in this, but is taking a punt, I dunno whether I believe some with the numbers spouted, proper big boy money at times but read his posts more before laying into the guy. Cva, please can people learn what actually happens to companies that continue to trade with them in place

Investiod a voice of reason, ignore or dismiss his views by all means but for me he is genuinely a poster I relate and agree with, and as we edge closer to the 11th hr the personal attacks are getting more within this bb, we're all getting nervous that our GAMBLE may not pay off, short or long, which ever camp you're in!

Ha, wait for it dude, a leopard and all that! Anyone reading someone's posts and finding that it's influencing there views I beg you to just read some of there previous posts, you truly will be able to spot the trolls, shorters and the more intelligent (positive or negative) posters very quickly. I've now added lse with shorter in the green box, im a realistic this is a bb for opinions as well as fact, but beware some really do have an agenda, I've allowed derampers to affect my decision once before with RR, hence why I'm now more vocal when I see blatant scare mongering, money makes us do strange things!

Do more research, cva is not necessarily bad, people really need to read up why cva are used rather than administration, it's to benefit both parties, we're in unprecedented times people, never before have we lockdown whole countries, industries and injected so much funny money into the system, who truly knows what the affect will be, a lot of analysts predict v or w recovery, but a recovery, and therefore there is less argument to use historical examples right now, bet what you can afford to lose

Common guys, litterially all the companies you site as a point of reference of cva ultimately meaning bankruptcy were struggling in the retail sector for many years, then covid strikes, all cinemas have been massively affected, I truly believe any that made money before will be given the grace of at least a year to recoup the lenders losses, but I could be wrong, maximum I lose is my capital, maximum shorts could lose is a lot higher, good luck all, hold your nerve is my advice

Agreed, cva means we will still will be trading, potentially with reduced debts, or at least a level that trading the first few years will be able to service, its a nervous hold for me, wish I had others confidence but its not a dead cert for me

Not sure if useful or on the right thread but thought I would share as I think might help some understand better what's happening behind closed doors atm, copy and paste job, sorry if already covered....
A Company Voluntary Arrangement (CVA) is a statutory contract between a company and its creditors which allows for an indebted company to repay its debts in a more affordable way. As part of the CVA some debt will be written off with the rest being repaid through a series of monthly repayments. Contracts, including lease agreements, can be renegotiated in order to cut outgoings further.

CVAs must be supervised by a licensed insolvency practitioner who will be responsible for drafting the CVA proposal and negotiating with creditors.

In an ideal world a CVA should benefit both parties. The company is able to lower their monthly outgoings while continuing to trade, while its creditors stand to recoup more of the money owed than would be the case if the company entered liquidation.

What part do shareholders play in a CVA?
At least 75% of creditors (by value) must give their consent to the proposed CVA in order for it to be implemented. Should creditor approval be given, the proposal will be put in front of shareholders during a shareholders meeting who will then be asked to vote on it.

A CVA requires the approval of more than 50% of shareholders in order to be passed. In the event of a company with two shareholders therefore, both must agree that the CVA is the correct course of action for the company and give their consent. If both shareholders cannot come to an agreement then the CVA cannot be passed.

For companies with a larger number of shareholders, however, this rule means that a CVA can be passed without the support of all shareholders, so long as the majority are in agreement that doing so is in the best interests of the company and its creditors.

What happens when a CVA is accepted by shareholders?
Once approved a CVA becomes a legally binding agreement meaning both the debtor company and its creditors are obliged to adhere to its terms.

On the part of the company, this means the agreed monthly payment must be made on time and in full. This payment will be made by the company directly to the appointed insolvency practitioner acting as the CVA supervisor; the insolvency practitioner will then distribute these funds to the company’s creditors on a proportional basis.

The shareholders remain in full control of the company throughout the period of the CVA (which typically last for between three and five years) and are able to continue operating as normal during this time allowing them to trade out of their financial issues.

Once a CVA is approved a legal ringfence known as a ‘moratorium’ is placed around the company which provides protection against further action from creditors. This means creditors are no longer able to instigate further collection attempts or commence legal action against the company in questio

Thanks for the reply pupper, it's literally because I've been away checking other stocks bbs that till now I was more concerned about, mainly cineworld, it could go either way that one! All of a sudden this bb has changed tone, maybe it is what happens when shares move sharply and I know you shouldn't but a few posters clearly know there stuff, and after reading bbs for a while you get a feel to the ones you take notice to, nearly all of the main ones on here seem to have sold up shop very recently, again not the basis of wise investing but definitely something note worthy. I'm concern we get the consolidation and then a slow dwelling sp from a lot higher price. Again, understand we don't lose anything when it happens and any fall should be all relative, but have had shares do this to me before and hasn't ever been a positive thing on the sp and therefore my total valuation but my experience is limited, and yeah with only £400 capital invested I'm not sure whether to roll the dice and see what happens, I like everything that has happen to restructure Aston Martin, stroll is a very good businessman but share holders mean fa to companies until they want money, he ain't doing the consolidation for our benifit for sure. Just wanted to know if I'm the only one suspicious of such a high consolidation, thanks again, will keep a closer eye on this one!

Well said drifty, I also see capita as a worthwhile punt, 32p although wish I'd cashed out on first rise and brought again on lows, good work with 25p. Hopefully if restructuring plus sale ess works will be a good recovery play, is definitely classed as one of my gambles rather than my bankers but seems worth the risk imo