Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
True I see a share price of 8-10p post restructuring...then has the company recovers....20-25p.....a good return from 3p a share.....
Its in mookys interest to achieve the best share dilution percentage he can being a large shareholder regarding a debt for equity reorganisation......hence the threat of taking the company into ch 11......imho
Vue gained £75m of liquidity and also had a litigation in germany of £130m written off in the deal.....
At the point of restructuring Vue had £775m of debt and the debt for equity swap eliminated £465m of that debt and with an injection of liquidity to enable it to move back into profitability....
If CW was restructered via a debt for equity swap with a valuation of £2B and mooky was able to secure a 95% dilution for shareholders....could be more could be less....that would leave shareholders with £100m of equity in the restructured company at the low point in the market recovery......about 8-10p a share....
.....has 280 sites worldwide and its debt was reorganised with a debt for equity swap and liquidity was injected into the business to get it through the quiet Q3 period and is valued at £650m
.......CW has 761 sites worldwide which gives it a comparable rough valuation for a debt for equity swap of about £2 Billion....these valuations are at the bottom of the current market which is expected to recover next year increasing these valuations considerably as they recover .......
Look at the volume....less than 800,000 shares traded...less than $25k in value....some sell off...lol
AJ...agree with your analysis in at 3p today......well worth a punt at these levels....
Debt for equity will be a about 20m valuation for shareholders....or about 1-2 p per share after chapter 11 suspension....imho
"Cineplex has hired Moelis & Co. and law firm Goodmans LLP to give advice on how to “maximize and monetize the value of the judgment,” the company said in a statement. Selling the claim is one option, Jacob said."
https://finance.yahoo.com/news/cineworld-debt-crunch-leaves-spurned-170805818.html
You can easily buy AMC shares you know.......why stick with this donkey!
Hasn't stopped the share going up 19%......somebody must like the deal?
Yes you could be right.....fair point
"As to sp AMC is a meme stock so we should never read too much into how that moves and besides at the same time as the results they announced a 'special dividend' that is actually a double-edged sword in the way they've done it and that could be affecting sp either way too and which is not relevant to CINE at all."
It has been said that CW are thinking of listing the Regal business in the US as one of their options......so I disagree that the issuance of preferred shares to AMC shareholders is not relevant.......it is a clever way for them to raise funds in the future without diluting present shareholders....
AMC Had a good run up until the results......a bit of profit taking is to be expected....the US attendance was 43,501 (in thousands)in Q2 2022 up from 25,792 in Q1 2022 quite a substantial rise....on the other hand their international attendance was only marginally up quarter on quarter which distorts the overall attendance figure which none the less shows a strong recovery in the US market....which is more relevant to CW
The overall revenue in Q2 was $1.16B up a 162% on the prior year and only 20m short of analyst predictions....cinema is not there yet but is on the right track imo
AMC up 19%......investors must like the issuing of APE preferred shares to reduce debt in the future.....I wonder if CW are thinking of doing something similar with Regal on the NY stock exchange? .....
"Analysts at Deutsche Bank said the news was “neutral to positive” for the group because it clarified the leadership issues at the helm.
While Erginbilgic had “limited aerospace experience, he appears to be a seasoned industry professional with extensive experience in delivering strong improvement in profitability,” they added.