Member Info for FunInvestor

With 7m shares bought how does 7.44% short holding have got out?

Robin best stick to eating the breakaway's

Shang Chi then
and The Eternals both Marvel and Disney I believe die for theatrical release first.

Itrader good spot distribution by Sony.
I realise it is Marvel (owned by Disney), but different set up.

That additional new site Mooky spoke off if anyone is still interested ;-)

Disney already plan theatrical releases this year e.g. Venom.

After the run we have had I will happily take 1% up if it is a start to stopping the rot.

Cruis,
If I knew the full cause of where share price is I imagine I would not be on this BB and instead sat on my yacht.
Number of factors always go into a share price (some measurable, some not) IMHO.

"12 April 2021

Cineworld Group plc

Results of General Meeting

Cineworld Group plc (the "Company") announces that, at the General Meeting held earlier today, the resolution proposed to approve a temporary suspension of the borrowing limit in the Company's articles of association was passed as an ordinary resolution."

RNS 14 May covers dissenting shareholders cost of $225m.

Dragon one of their more recent RNS releases covered this.
They got shareholder approval to waive limit on how much debt they could take on (that's a bit of a loose coverage of it).
So further convertible bonds/bank lending etc possible before need for route of RI is my understanding.

LPD

Maybe I am misunderstanding this.
Could you explain how Netflix could possibly takeover the full Cineworld business including Regal for as you quote c.1/3 of what they were interested in Regal for?
Surely a successful bid would:
1. be at a price higher than current share price.
2. Mean they took on Cineworld's debt which is more than their initial bid for Regal.

From the financials we know and company releases I think this month/next are the difficult ones we now need to negotiate and we will then hopefully have further support from studios providing content and more movies respecting the theatrical window.
For example tonight's trailers included Venom which was advertised as " in theatres only".

Cash at 31/12/20 $337m
US Cares act. $200m
Conv. Bond $195 (useable from $213)
Proforma liquidity total $732

* $60m per month cost when closed (more when open)

Dissenting shareholders cost (this was/is bit of issue, not sure of it's been dealt with seem to recall an RNS on it not yet had chance to check back. In region of $200 - $230m cost from memory)

Base case which said company should be ok ongoing concern used open May (we did) running at 60% 2019 levels (from box office we have I think it reasonable to say we have not yet met this).
Growing to 90% by end year (we don't yet know how realistic this is, but with more big releases, hopefully more volume and no restrictions in all main markets it's still feasible.

Some action was also taken to allow company to extend its limits on borrowing should it need (I think this may come into effect of only to get is a few extra months transition from where we opened to those higher volumes of movies and box office numbers).
That would seem to make any need for a RI (currently not great option at this share price anyway) and also seems we needn't (yet anyway) be (overly) concerned with any chances of bankruptcy.

Various possible events that may already have happened or may yet in next few months require cooperation with bond holders/lenders.
It would seem those relationships are fairly good so again would hope of required would be forthcoming.

Not a legal expert and none of us have access to details on Cineplex deal, but if we take company at its word even if it goes against "us" it shouldn't be unbearably costly.

Still not out the woods, but Mooky interview, reading back through financials, studying box office etc on balance personally "ok" with view we will in time see recovery in SP.

Let's hope we get a green day soon as like most here I am somewhat at a loss to explain recent movements.

Not long back from latest unlimited cinema visit and see the main news story regards Cineworld has already been posted and discussed.
Another small story here, don't think it has been posted.
https://www.sfexaminer.com/entertainment/big-screen-scene-is-regal-at-stonestown/

Level of debt has been no secret to anyone, the market and Joe bloggs has had access to this for years so it can't be the current (only) reason for dramatic fall.

smalltrader you can't just double what the company is currently likely doing and say it had s running at near 2019 levels.

I brought up the lack of movies some time before you ever did and it was knocked down as me being forked tongue, deramping etc.

It's crucial the company and cinematic industry start to get more volume of movies.
There are some early signs of some growth in supply now, but let's monitor.

RI surely made more sense at £1:20 than now, I'd for that reason alone I struggle to see it short term.
Medium to long-term it has to be considered a possibility.

Cruis what's it down to?
Oh wait is that 58p i.e. following their main listing to reflect today's close as it pretty much always does.

Not saying so here won't go down tomorrow, it very well might.
Your thread reason has Jack to do with it of it does though.

Jangho 13.8% last notified holding level I believe.
Mooky does NOT have the 20% holding many talk about, it is a FAMILY trust.
He does have a much smaller holding of his own also.
Substantial part of holding gained as part of the reverse Regal takeover.

At this rate NHC are going to be in profit and able to cash in should they choose long before most of is LTH still here.
Many of us (myself included) having mocked them for months.
Goes to show its never smart to mock others and as much as a loss is only a loss when you sell and all that jazz. A profit is only a profit when you sell also.
While it's been overdone (IMHO) it is clear a number of the concerns some genuine holders here have expressed over time and been hounded for doing so are contributing to share price fall and sentiment.

Not yet back to paper losses, but far far closer than I ever wanted to experience here again after last year's pain.
Not a great feeling as many of us here now can agree at least on that.
Let's hope whatever the main drivers that have us here clears up soon or other stronger positive factors wash over them and firstly stop the rot then start a recovery.

Most of us "got it wrong" we should have sold at or near highs and given ourselves options.
We didn't, with the exception of NoFear and a few others.
Always difficult when the drops keep coming to accept a smaller profit than the day or week before.
Here is to better times.