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Except ruling on the 1.2 billion was for lost synergies. I have never heard of a company that cease to exists that has lost synergies. The loss is from the buying company only.
This will get wiped out, may even get switched and awarded to Cineworld.
I feel both Jangho and Polaris sold their stake for far higher than market value.
Someone is buying up a massive stake. IMO
45 days does not work. Hence why Paramount and WB is back to 100 days exclusivity.
Netflix is going bankrupt with 16 billion in debts and rising interest rates, leaving them unable to pay off these debts.
Not too mention they are struggling to raise funds to produce new shows.
Looking forward. Banks such as HSBC are struggling with their exposure to Lending too much to Hollywood in general. This will save Cineworld as behind them are companies such as WB with 50 billion debt and a 3.5 billion loss in the last quarter alone.
Cineworld goes, then AMC and Cinemark will follow, and all the studios except MGM thanks to being bought out by Amazon. IMO
So AimMaster2018. You are a paid poster. From overseas. Added to the filtered list .
AimMaster2018 where are you from, Canada or India?
Bank holiday Monday. No trading today. Shows your lack of knowledge and attempts at scare mongering
Turn off your phones and computers. Enjoy the weekend.
Goldman Sachs do not buy into losing positions. Negative posters on here are either paid to scare you or trolls which do not deserve your attention.
This company still has some legs. Yes we need others in control now. But that is just around the corner.
Which company did the article not mention. HSBC. The biggest lender to Cineworld. Also the lender to the landlords to Cineworld and the shops and restaurants near Cineworld. So the lender to the studios as well. Whose total exposure could be around £50 billion.
HSBC are the only real players in this game. They have the whip hand and Mooky and the other lenders have to play ball to what HSBC want. Them not being mentioned in this article shows that they are not in agreement with any of this deal.
Maybe by putting it out there, they would come around. Not likely. Some of the lenders are only exposed to Cineworld. HSBC is not. They are also fighting off call by the Chinese government to sell off its Eastern banking division, probably to them. His is there profitable division. At the moment HSBC will ride the owed money in the short term, in order to recoup it in the long term. IMO
FT piece was a pr exercise for Mooky to gauge his popularity or lack of. What is written will not come to pass. Not anytime soon.
Mooky’s family own 20% in Cineworld. If this was getting diluted, they would have sold out months ago.
This whole saga is complex and the press putting forward simple solutions they have been leaked or informed by business advisors about what could happen. Each failing business has unique issues. Cineworld is no different.
Lenders will not sacrifice debt for shares. You cannot say a Cineworld with no debt is worth Five billion.
Also say the worst case scenario happens. The new company will face angry ex-shareholders who will both boycott Cineworld and use social media to persuade others to. The lenders will then be in charge of a failing company and all the new debts will be theirs to own. Compounding their lost billions.
The lenders will be looking to other companies to takeover Cineworld and they will make a deal to delay payments owed to them, in order to recover their debts in the long term. IMO
Cineplex will lose appeal. Until legal process completed, they are entitled to nothing.
Mooky cannot run a company listed in America, if that is what he intended. Foreigners with criminal records do not wash in America. If he was American, it would have been OK.
This is not simple as chapter 11, dilution, go again.
Lots of litigation and legal issues. Hence why this will run and run till Black Panther 2 comes out. IMO
In my honest opinion. There was no leaks. Mooky spoke to the WSJ and this crashed the share price. He then came in for a lot of vitriol from share holders. The FT piece seems to try and show Mooky as a nice guy who can still run the company. He is testing the reaction to this. As will the lenders. I feel it will not change a thing and share holders will be looking to a takeover or complete change of the board. IMO.
Lenders will not want that gamble. Better to hold off and wait for their money to be paid. Than right it off in the tiniest hope of making it back from shares in the new company. Until the company is worth something, there will be no dilution. IMO
Dilution no longer works. HSBC would not want to trade its billion of debt for a share of 30 million. Cannot make Cineworld worth more. They should have taken control when this share was trading at a pound a share. IMO
Am sure someone has a hidden agenda. The FT article is vague and misleading. But suits someone’s narrative. WSJ article and now this one. Shows you how the media is a tool to manipulate the market. IMO
Too many errors in the article. It says decision over court fine will be made in September. Yet appeal court not due till October. Also HSBC biggest lender to Cineworld and will not want to take over a company worth only 30 million. This new company will be absolutely slaughtered by investors and traders alike. It would be a dead duck from day one. IMO
Mooky has fiduciary responsibility to share holders. This would break SEC laws. Also many more people are owed money so them getting stitched up, unlikely. Also why would the lenders want Mooky still in control. Look how well that has turned out. Expect someone else to buy Cineworld and do a deal with the lenders. IMO
I wondered why so many negative posts. All the time. Particularly during trading hours. Not saying anything knew or of little worth.
It is because the shorts cannot get the shares to close their shorts. There are big buyers out there who are stealing all the shares from their grasp. They need to scare retail investors to sell as the institutions are selling off their shares to these big buyers for far more than market price.
The big problem shorts have is that majority of retail investors have sold out and down from 28% to probably only 8% if that.
When the takeover bids come in they are stuck. So until that point can expect lots more of these paid posts spreading negativity. Wait till next week and see the narrative change. Till then all holders of this share, stay of this board. IMO
No. The lenders are happy to do a deal with anyone but Mooky and Co. The new owner will be someone different. I expect lots more RNS over the coming days and eventually an offer price to shareholders. Be patient. As for more buys than sells and share price dropping. Easy. You always buy below asking, if people happy to match this then SP goes down. If someone sells always above share price, if someone happy to pay this, share prices rises.
Goldman Sachs does not buy into losing propositions. Also Jangho only selling 2% on Monday, when Polaris sold out last week. Both for massive losses. Which was hardly worth there well selling. Unless they got a great offer to sell. Way above market value. I feel someone is out there buying up the shares. Due to regulations they do not need to release a RNS as would be prejudicial to there attempts at buying the company. Look to next week for this and when they push over the 30% point. IMHO
We should have a clearer picture today through RNS which companies are increasing their stake to launch a takeover attempt.