Member Info for ForeverNever

@indepth
Fair enough, I just think it's rather extreme given the climate and that under normal trading the company does very well.
I would be more inclined to support them than taking this approach.
Luckily cine dont owe u $8billion :)

Let's see how it pans out. One of us will be right.

If I recall earlier this year on securing debt to see the company through the current environment the price shot up. I'm expecting similar this time around...all depending on the deal of course

@Indepths
If cinema admissions and revenues do not improve significantly, cine will slip quietly (for most people) into bankruptcy

So let me get this straight. A company which makes great cash, pays a high dividend and is part of an industry that has seen growth for what the last two decades sudden hits a bumpy road as are many other companies due to Covid and you think its gonna fail? So if that was your 8 billion dollar loan with Cine you wouldnt support them through this you would instead call in the debt collectors and see 15p for every pound returned??

There are many companies out there operating who havent made a profit in years, they are the ones that will go under. Not otherwise good stable businesses.

Chinese vaccine been out for ages, it was given to their army some time ago. I hear they are now also offering it to front line staff in Abu Dhabi

John - disagree. Part of the requirements due to covid is to include several scenarios to the business forecast. They have done this and based on prolonged closures and delayed movies they have to raise more funds. Bit obvious if you ask me.

This is the same as with most businesses that need to shut its doors and not receive any revenue.

So that's worst case scenario. Now for the equity raise. Firstly it's not necessarily needed, I guess over the next month or so we will find out. But if it does there is no direct comment it will be share dilution but rather they are looking at all options.

Are you still short?
Many on here saying shocking report and massive dilution coming... if it was that bad why is it not 20p already?

@GUITARMAN001
Just my suggestion, but tomorrow maybe have another read of the report in bite size chunks all the way through. Consider the whole company being on lock down for most of the period.
It was a quick heavy blow to the company and they are very busy reducing costs, renegotiating rents, opening cinemas, looking at extending credit amongst various other factors.
What were you expecting? Consider the report goes to June and that since this time cinemas have opened and subscriptions have started and popcorn eaten. That was going to be the worst report of all and should all being well get back on track over the next few years.
Mooky is there for a reason and he will make damn sure his cinema chain survives and grows.

@ laidback
'Any delays in cinema releases is no problem'

Where are you reading this? It's quite the opposite to how I read the report:
Any further delays to opening up US cinemas or further shut downs to cinemas = shorters win
Any delays to movie release dates = shorters win
Non approval to extension to conveants = shorters win

If any of the above happens and they cannot extend credit elsewhere they need to get additional liquidity. Most likely high interest loan with unfavourable terms. If that doesnt happen then its dilution = shorters win

I'm still long and will remain long. They had to spell out worst case scenario which many companies are having to do for accounts purposes due to covid.
This has then been interpreted by many thats it's actually going to happen. Cinema as Mooky stated is here to stay for a long time yet and will continue to generate cash. I topped up today. I read the report several times.

Take care all

So you couldnt predict the results even though all cinemas were closed for most of that period but you can predict low 30s or even 20's?

I'm staying put. Read the whole thing and now I have it in writing will be staying as it was as i was expecting.

If you look at the data (which the media wont present) from 729 new cases in week 37 (from a possible 65+ million people)
313 were from care homes and 18 from hospitals.

https://www.gov.uk/government/publications/national-covid-19-surveillance-reports

P.s when I questioned the claim he mentioned business Interuption policy was against damage to buildings not disease therefore cannot see claims being made.

Someone here I am sure will be able to confirm on the insurance policy. From talking to an underwriter it is thought unless specified as in the Wimbledon case COVID will not be covered. Though it has been said that some insurance policies wording was a little wholly and could be open to interpretation. I gather this is all going through courts now and will set the tone for future claims. Thought being courts will not make insurance companies pay out.

Though they are looking at generating a fund where all insurance companies pay into so of there are other future outbreaks of infectious diseases the fund could be tapped into to help businesses in the future.

It should also be pointed out once a payment is made that's the claim made and now COVID is out the bag insurance policies will not provide future cover.

Thats my interpretation anyway.

I wouldnt use the website. It will only influence indepth more. Under key facts they seem to have got confused between billions and millions. Not the best thing to do on a corporate website.

Nevermind. Looking forward to an update this month.

Does anyone not think Mooky should be doing a little more in terms of openings and progress. Maybe I'm getting too fustrated and need to switch off for a while.

I know we are due trading update soon and hope all the details will be included there.

Also from his last interview and comments about releasing news 'next week's what happened there or did I miss anything?

So we open us the US where most of our business is and hardly anything happens. Then some social distance measures get placed in the UK where it's only a small part of the business and doesnt actually effect cine and we take a massive hit.Holder losing patience and sanity

Overreaction guys. Come on look at everything opening up cinemas are following the guidelines and have distancing measures in place. They will not be closing all their cinemas again.
At worse it will be the odd one here or there.

I am a holder and will remain holding.... though a fustrated one!

This just reinstates cinemas are here for the forseeable future. Great find!

Hi Zoro,
Sensible approach but what is it you think may the market not like? Even if the cinemas remained closed we would still be able to continue without need for additional funding for quite some time. Also we know the cinemas were closed and no revenue coming through. We have seen this in other cinemas who have recently reported, we all expect numbers to be down. All I am seeing at the moment is a bump in the road that's lasted several months. We are now up and running and should be getting back up to pre covid levels. The only hesitation I can really see is whether the market believes cinemas are here to stay. I beleieve they are.

I'm already heavily invested. But if seat out to help out gets approved I will instantly double my holdings. Will be a catalyst to get the share price moving. If that coincides with the confirmation Chinese are out ..... make your own mond up!

This will come next week IMO once mooky has released this big news.
Somethings going on. With that comment made and as Muir has highlighted buys Vs sells is crazy.

Normally I would point towards Chinese getting more shares but with Mookys comment yesterday saying he has big news for the industry it could be something special

It was mentioned it was big news for the industry. Not Cineworld. This is what in am intrigued about.
We have already had the rules changed to allow who can purchase cinemas, rumours were circulating only a few weeks ago, cineworld at very depressed levels. Maybe just held down ready for the bid to be made.

All very speculative of course. Guess we find out next week.

Today could just be the day.