Positive Article10 Aug 2020 16:25
Nevertheless, as one of the world’s largest cinema groups, Cineworld may be well-positioned to stage a recovery over the next few months and years. The company has been able to renegotiate lending terms with its creditors and management has also pulled out of a massive deal to acquire Canadian organisation Cineplex. That should help stabilise the balance sheet and allow management to focus on rebuilding the business.
As the company re-opens, there could potentially be substantial returns on the cards for shareholders.