Member Info for ElvisRocks

https://www.thetimes.co.uk/profile/sabah-meddings?page=20

And Sabbah also works for Sunday Times … hint Times / Sunday Times are the same organisation following yesterday’s news about the uk business/vue

Sounds like Sabbah is on the money, never heard of her Wellington, a quick Google and Twitter search confirms what you say …

https://twitter.com/sabahmeddings/status/1567123821810835458

Good spot also on Sabah Meddings, well done

Wellington, we have now had news of possible bids / expression of interests confirmed or “leaked” by both the Times and now Blooomberg, so reputable news outlets both. With Investec also in there somewhere on the Regal side, that’s enough interest for me to say / conclude there is interest in the positive business

I agree that we will see a lot of upside to the share, I think north of 10p quite comfortably by Xmas with a lot of upside movement this week

Hexam, if you look at note 9 to the accounts there is a $160m odd gain on a financial derivative, my only (current) suggestion is that the $150m odd interest bill includes a near-similar size loss on the same derivative, that’s all I can think off. Where all these fair value adjustments on balance sheet assets and liabilities are coming from I haven’t worked out as most of the loans are USD denominated

Even a 20% interest charge would only give a doubling of monthly interest as you say

Wolffie, I think jefff is taking the P out of you, you didn’t spot it when he asked for your “newspaper text book” (which you duly gave him) then T&Cs on DIP Financing, each time dangling a carrot for you to continue the conversation unawares …

… just trying to help you young lad … don’t shoot me the messenger!

Q for those knowledgeable about gapping up. On Level 2 ADVFN there are about 12m buy shares going through at 5.40p or higher (and few sells) in after market post 4.30pm

What does this tell us about future direction of prices (and why)

Penta look at dockets 1065 to 1067, they submitted monthly management accounts yesterday

This one’s for you Wolff, now we are being (permanently) nice to each other. The Q is why would monthly management interest charges be $150m odd (inclusive of accrual for something), yet the forecasts they attached to the judges order say a cash outflow of $20m odd. My thoughts are

1. It could be some special charge on the $1bn “new” loan, but even a 20% interest rate it doesn’t check out - but why not put that in the forecasts in the judge’s document (given it is so fundamental to everything)

2. You can’t accrue for something like a £100m interest bill and then not pay it, or can you?

3. Could it be forex related interest charges due to turmoil in the market last month.

4. Why wouldn’t Cine agree to this, was it a one off agreement and getting the $1bn loan and C11 to be allowed to continue

5. Is there another quid pro quo somewhere down the line?

Back to where we were at start of day, now 4.6p at 15.45 hours … someone has made a good chunk of money today!

Right Wolff … we are going to sort this for good and proper. Both of us have made good and valid points and both of us will no doubt continue to do so in this forum.

So I will refrain from childish posts etc if you refrain from sarcastic digs if my views seem left field and unorthodox thinking.

For what it counts, I do come from a professional background and have seen things like this (from the accountant/audit side) and I believe you have too from (I think) the “banking” side.

You are very knowledgeable about loans and restructure thinking and this particular company and I tip my hat to you on that, seriously

Deal?

Yes Moorscloud

I suggested this may have happened to Wolff this morning…

http://www.quickmeme.com/meme/3s21n8

Hi Hexam (I’ve given up on Wolff, can’t get sensible answers)

Re the Q we had yesterday where it had $150m odd in the bank interest figures (profit and loss), the cash flow payment in the forecasts they gave to the judge order, docket 722, page 95, states only about $18m was due

So I reckon the accrual for interest did go through and this modifies the cash flow forecast. Whether they end up having to pay this or it gets superseded by something else at a later date I’m not sure.

Interestingly it predicts professional fees at $28m or $160m for the full period, not cheap

https://cases.ra.kroll.com/cineworld/Home-DownloadPDF?id1=MjMwNzIyNA==&id2=-1

Best ask Wolff though, he is the self professed expert in media …

Wolff, this “find” came from the disgruntled uni student / office pencil sharpener… just like the lawyers bill and role of Investec.

My professor says I’m in line for first class honours and a bic biro instead of my pencil….

Retail22, doesn’t it say or infer “approximates”, ie within six week latest or words to that effect. Yes it’s plausible as it is linked to the major judge announcement so far, and it is not “implausible” that media briefings would begin now ..

In other words that six week “deadline” is about now … Wolffie, you didn’t spot that did ya!

This is NOT fake news! Docket 722 signed by the judge on 3 November in Texas had, at Page 97, interested parties interested in buying 6 weeks to do so, the very last sentence on the very lastin his order that he made when releasing the $1bn that caused the spike to 9p

https://cases.ra.kroll.com/cineworld/Home-DownloadPDF?id1=MjMwNzIyNA==&id2=-1

Wolffie is back and I was just about to accuse him of this …

http://www.quickmeme.com/meme/3s21n8

… you shouldn’t throw stones in Glass Houses Wolffie ….

Wolff is a bit quiet … again, has he been caught with his trousers down … again?