Member Info for FunInvestor

Potential for this to be very good news for the visit, the employees and us the shareholders in time.
We do not currently know full details of furlough extension though.
We do not know how many employees have gone to get new jobs.
We also don't know if they would qualify as Cineworld choose to close rather than covid-19 closing them (ok in England now they would have been closed by covid), but we need clarity on wether they are eligible or not.
Can't be bad news though, we just don't yet know if it's good news and how good.

Regards possibility of November cinema openings this currently is still entirely possible.
USA is c.75% of market, not the UK or even England.
Remember it is only England currently on lockdown for November.
Indeed I agree vaccine is not answer in next week's /month.
It will not require mass availability though to firstly have positive impact.
Rapid tests and medications are also part of solution which we already have made progress on.
Furlough in UK appears to now be available to March so possibilities there of some costs being covered if reopening when possible.
We know from accounts the 300m figure. Spend since is guess work so we don't know how dire finances are .
Most recent info is from Chairman stating company is not in short term financial trouble.

Wait until I give Gypsy Rose Lee a call.

If they were to do exactly as AMC then they would raise in the region of £100m from RI as part of a bigger package of measures.
To rule it out as possibility seems reckless or misleading.

Ianharding that's not true though is it!?
AMC had 57.5m shares in circulation
Cineworld has 1,373.8m
So it could and can equally use rights issue as part of a refinancing exercise.
I hope it doesn't go down bankruptcy or rights issue routes, but neither can be 100% ruled out.

Is that today again and 19p or 5p SG?

An additional 20 million shares raising them 47m it seems. Previously 57.5m shares in circulation.
Not sure if reading right but a lot of financial improvement from improved interest rates negotiated, reduced leases and lenders additional credit. Measures we believe are all being negotiated currently by Cineworld.

The below part of this report is very important also with regards cinema survival and Cineworld.
It would be interesting to know some further detail i.e. how much equity involved in the deal. Effect on current shareholders.
"In its earnings report, AMC noted it had renegotiated its debt and theater leases, reduced its interest payments, and had raised $900 million in capital from new debt offerings and equity sales. AMC said it had secured more than $1 billion of concessions from creditors and landlords and raised more than $80 million by selling its Baltic theaters in Latvia, Lithuania, and Estonia."

Another thread that has aged well.

Don't recall any post from you saying you bought to reduce average from above 30p as you state here to bring down to 26p ?

Does one smell the distinct scent of sh*te talking!? ;-)
"RE: 28p and falling23 Oct 2020 09:47
I need this to drop so I can buy it back and lower my average to 30. when this reaches above 30 ima sell and gets my money back. Then I'm going to w8 for this to drop again and then buy it"

Yes wrong film and slight difference day and month . Some hilarious posts here most days.

Not surprised in the slightest to see a fall in cine SP.
More surprised it has (so far ) held pretty well today with less than Fridays gains lost.
Recent sentiment and circumstances many would have expected worse I am sure.
Cine was closed through some degree of choice due largely to lack of supply of product.
Now being "forced" to close due to a second increase in covid is a different matter and a fall is both justified and to be expected.
I am reasonably pleased it seems to slowly be showing some resistance and maybe just maybe we are nearing the point of turn.
All depends on covid progresses and financial package agreed.
Covid will determine product supply and finances will assure business being here to sell the product.

Not a great hourly rate the hours you put into it for £10 per penny move.

If there is a drop and it's only in the 5 - 10% range then we can hardly say " it ain't pretty" as that only takes Fridays rise out.
AGAIN England is not the world!
Regards Cineworld USA might be considered the world (c.75% of estate) , where all the big studios (suppliers) are.
Cineworld is currently already "in lockdown" so if any effect it brings entitlements to government payments that will likely come into force for businesses unable to trade during lockdown.
This is the rational case of the news. However we all know (or should) that stock markets often do not react fully rationally.

Maybe already used the last of their 50p for the diesel generator power supply.

I don't think any of us could honestly say we feel this will go on a straight continuous upward trajectory. So rather early for them to panic yet I would say.
Trading opportunities likely available at least until solid covenant waiver news.

Slightly better prediction than ShorterGuy it seems ;-)

Let's all not forget how ShorterGuy is the best lucky charm long holders have.
His last stint on these boards drove us up to 68p.
Let's hope he is as successful or even more so this time around.
All hail SG!!

"Prayfor is heavily in debt with his amateur trades"
And yet as he still has shares in this he has opportunity to recover those debts.
You on the other hand lost your lot by being an amateur and playing with spread betting.
Ouch!!

"saint-tropez

Posted in: GDR

Posts: 3,886

Price: 101.00

Strong Buy

RE: Top Up29 Oct 2020 21:37
Dream.......Is this the CINE board??????

A few of us might need to pop over to the CINE board over the next few days to help you find your way back there, to set to countdown to the CINE debt restructure which is pretty much 100% nailed on as they breach their debt covenants and the banks demand a debt for equity resulting in total shareholder wipe out for anyone holding CINE shares.

I'll be there tomorrow:-))))

I see CINE fell 65% the last time I pointed out some home truths over there

Certainly no ramps for CINE.

I reckon a few more from across LSE might pop in to say hello on the CINE bb also. :-))))"

Just another sad little individual attempting to get kicks out of trying to stir nonsense on online BB's

Feel sorry for these poor souls ultimately.