Member Info for Hexam

Serious question. What planet are you on?

“Why would a company that is solvent need to go into administration,I don’t understand?”

It isn’t - as the judge put it, it is ‘hopelessly insolvent’. Did you miss the bit where the company ran out of cash and was bailed out by lenders who are now getting their pound of flesh in return?

Fair enough although this placing was a little different. The price is holding up well if they are already on the market though there is only a very small profit to be had to encourage sellers as it is.

Having said that it now seems to be dropping a bit more.

Would have thought a confirmation RNS would be required?

Who on earth was that aimed at? All three of the respondents to your post have had a bleak outlook for ages. I think you have one of us confused with somebody else.

"I don’t think you are allowed to put a successful profit making business into administration"

Agreed - but this isn't.

"Am I being naive but it's surely immaterial what income is going into Cine at the moment it's a company on life support with the off button about to be pressed at any moment."

You're not - it makes no difference.

Based on their market share $50m will be about their slice of which around half goes to the studios. So roughly $25m will be what they keep. Still, I'm surprised this hasn't created a bit of FOMO on the stock even though whatever the amount is it makes absolutely no difference to shareholders in the endgame.

Agree though that it is great news for the wider industry and has created a real buzz.

"Their is Still Hope For Now as Creditors are Trying to Challenge the Automatic Stay at the Bankruptcy Court"

They've been doing that since the start of the Chapter 11 but in any event why is it good for us?

It is not a matter of opinion but a matter of facts and you just keep getting them wrong.

Simple as that Really

How many more times! It is NOT listed. Look up what being listed actually means. It means a lot more than just having a code for trading.

As for the box office numbers you completely misunderstood what they meant.

Simple as that Really

You’re just being stubborn now (and a lot else besides).

"Either Way They Are Listed Elsewhere So The Point You Trying to Make is Meaningless."

No it's not as it is not 'Listed' elsewhere so it doesn't have to delist from anywhere else. It just stops trading.

"Also What I Said About Barbie and Other Film Was Almost Right I Said $240 Million it Was $225 Million."

No - you said it was opening day but the $225m was the combined forecast US opening for Friday, Saturday, Sunday (and Thursday previews). It has since gone up though to over $300m - which is great for the industry but of absolutely no use to us beyond maybe getting a few more interested in this stock before it disappears (so you may get your 0.5p after all).

No it’s not. It’s traded elsewhere but not actually listed. Big difference.

You also got the opening for Barbie and Oppenheimer wrong - again. You appear to be a veritable minefield of misinformation.

CINE is only listed on the LSE, it is not listed on any other stock exchange.

"Lastly I Have Also Told Cineworld on Facebook and Twitter They Need to Let it Remain on the London Stock Exchange to at Least Give Shareholders a Chance of Getting Their Money Back."

Simply not true.

"Hexam,yes i agree with your comments,except the one about guessing.Years of studying systems and staring at charts certainly doen't end up with a "GUESS"."

I think we just have to agree to disagree then. Even if the guess is based on something it is still a guess and personally I liken charting to astrology with both saying a lot without really saying anything much and any value coming more from the possibility of self-fulfilling prophecies. I do think charting may have some value over the very short term (e.g. for day trading) but can't see it being much help beyond that. Just my view though as a TA sceptic.

I’m not sure these 24 convoluted steps help clarify anything, especially in the confusing way it is all written.

So personally I’m sticking with the RNS which states that the shares will be suspended when they decide to make an application to appoint administrators which could happen any time. I don’t think this docket (2043) constitutes such a decision but I’m not absolutely sure. So I’m expecting it to trade on Monday and the first we’ll know about suspension will be the RNS announcing it which could be days, weeks or longer.

I could be completely wrong though and this is already the end.

According to the RNS the suspension comes when they decide to apply for administration and cancellation comes at 8am the day after they actually appoint the administrators. After that the rest of the Ch11 takes its course (very quickly by the sound of the docket) - however many steps that it is - but our interest will already have ended (unless it all then unravels).

Not sure what the difference is between cancelling and delisting as far as we are concerned…

Yes, but read step 9 first Tegop - especially the last sentence:

Step 9. After Step 8:

i. Reorganized Cineworld Parent issues shares of New Common Stock to the Holders of Legacy Facilities Claims in consideration for a contribution of $50 in Cash to Reorganized Cineworld Parent (such shares of New Common Stock, the “Initial Ownership Shares”). The Initial Ownership Shares are held by, or on behalf of, the Holders of Legacy Facilities Claims consistent with their post-Effective Date pro forma equity ownership of Reorganized Cineworld Parent.

ii. Substantially contemporaneously with the issuance of the Initial Ownership Shares, the share of Reorganized Cineworld Parent held by the initial subscriber of Reorganized Cineworld Parent is cancelled for no consideration.

"A short cut is to find out who gets it right on these forums"

That's an easy one to answer. Nobody does (consistently) - and even if they did they'd be making so much money they wouldn't hang around here for very long. All predictions are guesswork, especially sp predictions including those derived from charts. Though I suppose chartists can claim they're usually right as the predictions are often vague or cover all possibilities in some way. It means though that they're usually wrong too.

As for shares falling on good news there are two obvious possible reasons for this. The good news wasn't quite as good as the market was expecting i.e. too much had been baked into the price. Or, overall, it wasn't really good news at all just interpreted as such, especially by the kind of rampers who see everything as good news or simply cherry pick the bits that may be positive. Of course the same applies with the sp going up on 'bad' news (just swap derampers for rampers). There are other possible reasons too (e.g. other news, including at macro level, that acts in the opposite direction).

The key thing perhaps is to only use what others say as a starting point and validate or follow it up with your own research and then form your own view - and just ignore any sp predictions (high or low) whoever they are from!

Well’s that’s it, all hope gone now. Sharebel’s turned up - the harbinger of doom.