Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
That would be a miracle… let’s hope!
He really worries me. tonight he got confused between avatar 1 and 2. Then he tried to get an online algo to simplify the latest RNS, and of course it spat out garbage.
Then he seemed surprised that CINE was selling the group which kinda invalidated his last few streams. I dunno maybe he is a share trading genius but I didnt feel good after the stream at all.
My only small consolation- if we go down , cineplex won’t get a dime either… should’ve taken that deal cp !
Is anyone else happy that this is near the end?
I think the “marketing “ is them selling debt for equity. So no news at all . They already told us this months ago. And it makes sense - you can’t get sell equity in a company that’s being chopped up.
So once more all we need to know now is how much we will be diluted.
Let’s hope the people like the movies too….
Here’s to 2023 chaps ! Maybe the curse will be lifted?
Hopefully by April we will know where current holders are headed…
Antlev most of us bought in between 30-60p , so really most of us are here to stay - boom or bust.
Good summary of the situation. Only hope now is current share holders survive until 2024
Fair point - encouragingly - some great potential films seem to be popping up eg “65”
Hex I thought H1 looked better than H2 actually
I cant see how 2023 will be much better.
Bonkers - I’ve been wondering when we will hear more about the “delevaraging transaction” that I assume is a dilution of some kind. Surely it has to be soon? I thought no that’s the biggest risk to us right now.
I’m long. My hope is a minor dilution, increased efficiency post ch11, and a better movie slate will equal a minor H1 profit… even if CINE breaks even, I can see a SP of 30-60 in 2023. But don’t take my advice. This has been a share I’ve consistently got wrong at predicting.
in short, no.
Hexam- do you have an exit price in mind? Or are you holding long term?
So a few of us a while back agreed that ROUGHLY 700-800m domestic box office was needed for CINE to make a small profit/break even.
It looks like the year of 2022 will be 7billion- which means we made a loss but not by much? Am I being too optimistic here?
CINE recently said it was not selling off parts of business - I took this as either very good news for us or very bad news ( either the restructuring/ch11 process had been very positive or a plan to “wipe us out” had already been decided upon)
Certainly 2023 has a better volume of movies than 2022 - at least 20% more big ticket movies.
Here’s my Christmas wish:
If the box office can start averaging 800m domestic, and CINE starts breaking even, surely we can exit ch11 intact?
you buying in now?
I'm hoping for a moderate dilution, combined with increased efficiency from the CH11 process (closing non profitable sites etc); will make CINE a profitable business again. Certainly the appetites of movie goers have changed - and Hollywood needs time to adapt to this. I'm sure all of the above will happen, but what is not so certain is if current shareholders will survive the dilution .... If its a biggie we may be wiped out. If its small , the SP could rocket to 40-50. Just no way of knowing right now. the SP of 4-5 reflects this risk/reward. there's no manipulation, its just a gamble.
That being said - I bought in at 30-55p; so given my poor buying history; probably don't take my advice .
At least we won’t have to wait much longer . I think we will know by May where we are going.