Member Info for FunInvestor

Well, short movements are confirmed following day and RNS if it's major holdings increases 3 days.
So I will say No.

https://deadline.com/2022/03/cinemacon-renana-teperberg-award-cineworld-1234984099/

You do realise having lost 70% your 30% in xrp at 74c does NOT , by a long way get your money back at $1:20.
Try double that and you are close..
However good luck with your investment, and here is hoping as sammy says we are all happy in time with investments :-)

Cheats Bonks and Deano, Always better trying to pull each other up in life. In doing so there will at times be casualties e.g. the slimey liars.

Not been a lot of films to see Bonkers, but still enjoying my unlimited card when I can.
Did rather enjoy Phantom of the Open the other day. Movies like that wee need much more of again in support of our Batman's, Dr Strange, Top Gun etc.

Looking forward in anticipation to Q2 and beyond both from expectant box office numbers and from movies to personally go see.

"Should I Dump Cineworld........12 Jan 2022 13:41
I feel this share is dead in the water, I've taken out what’s left of my investment and put it into XRP coin. If the SEC case settles then I will make back my 70% losses from Cineworld. Cineworld has so many problems that I felt I had to jump. Keep an eye on XRP and see if I made the right decision, I put in £27000 at a price of 0.74. Good Luck to everyone who stays. I'll be back in a few months to see if I did the right thing. Over and out.........................................................'

"I'm still holding but I can't see my in of 110 coming back into view anytime soon"

"I dont want to sell my shares because I got in at over £1 so I'm sitting here like everyone else, hoping for a change and looking for answers."

STOP MAKING SH..1..T UP blackridge.
Since when did turning c. 100k into 27k (maybe with 5000 shares or £5k) left over equate to a 50% loss.
Your own previous words were "a near 70% loss".

Just move on and stop making an absolute living idiot of your bitter self.

Looking that way sammy, didn't particularly want to hold that long just to get to that level but of it is by then well it's hold and be glad to accept then.
Beans n toast for another couple years.
Cheap biscuits

Tom, Al pat always trades from during day, just registered on sites later.
Regardless there is nothing of note there to hugely influence SP.

mountainous,
Then regards expecting clarity on Cineplex appeal I say that was completely unrealistic expectation.
There is information regards loans/covenants and easing of terms in the results and of I recall mentioned in the call.
Has it also not already been noted the "chunky buy" is nothing of the sort, rather the daily UT!?

77777777777777bitterlemons,
Your post for clarity below.

No, as per usual you were wrong and talk crap.
Still bitter as hell and can't let go.
For your own health please to get over this and move on.
"I see a drop this week to 32 or at best a hold at.34 any higher and I'll be shocked as my Excel sheet is showing an upside down cup pattern with a unicorn on top. I'll be back Friday to see if my prediction is correct... I know everyone else likes to wait till they see what the week holds before giving their predictions aka hindsight, but that's not how to make money. Come on, give uour predictions for close of play Friday and lets are who's closest. I say. 32"

Can only wish those moving on the best with future investments.
I disagree with a number that say yesterday's results were disappointing.
Guess it's all down to preconceived expectations.
I based mine on both Box Office Mojo stats freely available and those of Cineworld themselves we already had.
Results were therefore pretty much exactly what I expected and was content there was no surprise negatives.
I was more concerned about my investment directly after initial judgement was announced (I feared a total wipeout).
Once I calmed down and took on key point there would be an appeals process and no instant full payment I felt more relaxed again (though not without concerns, we all know the issues the company faces).

Mountainous regards to spend or not on new sites/refurbishments I am with the Board on this.
Always difficult in testing times, BUT that is also often EXACTLY when to spend. (Similar to debate on wether Tory government were right in actions after Banking crisis).
By spending wisely last year and this Mooky and board have created a FAR greater cash generative business that can recover MUCH quicker than had they not upgraded, removed poor sites, added big cash sites.
Some also say they were wrong to buy Regal (IF that works out as it was planned, delayed couple years due to COVID, then it will quickly become very clear it was indeed right to VASTLY increase the size of the cash generating business).

Fairly relaxed on business operations side now, still concerned by Cineplex case as I was pre the initial case (gained some comfort from commentary on ruling by other law firms and the apparent calm of board plus little pressing really from the big funds that called in.

Loans and Borrowings covenants
Revolving credit facility
The RCF is subject to a springing covenant when utilisation is above 35.0%. The covenant requires the Company to maintain a net leverage of 5.0x, tested semi-annually on a 12 months rolling basis. In 2020, the Company secured a covenant waiver on the RCF until June 2022 testing date.

Private placement loan
The following financial covenants are attached to the private placement debt facility raised in June 2020. These financial covenants are calculated only on those entities within the ROW operating segment:

- Springing liquidity covenant: Minimum liquidity of $30.0m, tested monthly from closing provided that if on a test date falling after 30 June 2021, net leverage is less than 2.0x, the minimum liquidity covenant shall not be required to be tested on that test date.

- Net leverage: 5.0x, tested semi-annually from 31 December 2021, on a 12 month rolling basis.

B1/B2 term loan
The B1 and B2 term loan facilities are subject to financial and liquidity covenants.

Until the group reaches 80% of admission levels for a 3-month comparable period in 2019, it is subject to a minimum liquidity covenant. The agreement also entitles the lenders to appoint a board observer.

On 30 July 2021, the Group agreed amendments on certain covenants and restrictions under its B1 and B2 term loan agreements, including the removal of the operating and capital cash disbursements covenants described above. The minimum liquidity covenant has been amended to $100m until the group reaches 80% of comparable 2019 admissions levels for a period of 3 consecutive months.

"The Group disagrees with this judgement and has appealed the decision on the basis of both liability and damages. There is no requirement to settle the existing judgement on damages whilst any appeal is ongoing. No liability has been recognised in respect of the judgement as based on external advice, management has concluded that it is currently not probable that damages will be payable.

In the event that the appeals process is not successful, it would not be possible to determine an appropriate settlement range as Cineplex is an unsecured creditor, and sufficient liquidity would not be available.

The Group is also exposed to certain other claims in its ROW operating segment, including in respect of royalty and exclusivity agreements. The Group does not believe that there is any merit in these claims and does not expect any outflow will occur as a result of them."

Thanks, I will be sure to sleep better now having received your unbiased input ;-)

HNS,
I posted the below early this morning. It is quote direct from this morning's RNS.
It comes fairly well down report.
"The Group does not expect damages to be payable whilst any appeal is ongoing, which is likely to take longer than the assessment out to 30 June 2023"

Hexam, I don't particularly disagree that it is something they have looked at and maybe with some interest. I believe it would not be the only thing they have looked at and may do more on either.
Think that's exactly it some read more, some read less into previous comments on it by company.
I wasn't surprised by today, some were.
We at least all know:
There was zero mention of it in today's RNS.
There was zero mention in the webcast presentation.
There was zero mention from ANY of those that called in with questions.

If it is right fit for company AND us shareholders at some point then off course I will be happy to see it happen.
Until then or more from company on it at least it won't be much of a thought in my decisions regards my holdings here.

Hexam,
Fully aware of what was said by company and it was NOT " WE ARE DEFINITELY GOING THIS ONE PARTICULAR ROUTE AND DOING IT IN THE VERY BEAR FUTURE"

As I said company exploring options as any decent company will and they will continue to do so.
Nothing more nothing less at this stage.

"evaluate options...update IF any formal proposals to be made"

HNS, he referenced the Cineworld appeal being in, in full by end April.
Not sure what that means ultimately.
Additional legal team experts in appeals added to current legal representation.
3 judges making decision on this next stage.
Mentioned faith in system few times and while not speculating on outcome was positive on achieving a reversal (rather than stating a reduction) Wether that is poor use of second language by Mooky or not I don't know.