Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I expect an RNS on that as well but it probably won't come in the month of June. More likely July and hopefully recent strengths in Box Office enables them to have paid it off and discharged it. But we shall see.
Why do they keep giving it away in the low 70's
Nice little upward fillips always seem to ensue from there.
Won't be going anywhere near £3.30 with the price of a barrel of oil somewhere between $110 and $120 per barrel (Brent)
Part recovery today of what looked like a staged fall on Friday.
Hopefully people having digested IR's response on the covenants and realising that if its an internal test then there shouldn't be any RNS's popping up that others seem to have been coveting or waiting on.
Yes it looks like a very good month indeed on the revenue front.
Yes it's good to see it rebounding.
Relatively speaking it's quiet when it is in retreat as it has an Institutional base of shareholders and people just switch off and let the trolls think they can influence the price.
Good Morning Holy 1,
What you are saying is correct but if you look t the RNS tab above on the 14th April there was a Notice of FY Results and Q2 update on the 14th April. 4 quarters in a month so add 3 months. Should be a Q2 update around the 14th July.
Let those wishing to be short into it be short.
If MM and Allen have any sense then it gets used as the platform for a rebound.
*Full trading update
*Update on all the bids and at what levels
*Allens plans re improving corporate governance and the roadmap ahead.
"I'm expecting an RNS with a company strategy update, a take private option or a bid from CVC or other unidentified buyer soon!"
Check the RNS tab above from mid April and add 3 months for the next quarterly update, if not other news before.
I think that the chances of peace are a lot higher than that.
*On Friday the oil price started to drop on recession fears. That would take down any compensatory revenues Russia recives through high oil prices whilst Western economies boycott and don't purchase Russian oil
* Western sanctions are biting and Russia is not getting the component parts it needs to replenish its missile stocks. Not hearing of so many of these and Western briefings are saying they are running out and having to revert to cold war stock
* More western weaponry pledged and arriving.
This is Russian spin off the mouthpieces because the Russian losses senior command losses have amounted to more than that. Partly I suspect because they have been stupid enough to actually have them all in the same place at the same time. Sourse is probably the same one that said there were only a couple of deaths in the sinking of the Moskva, The Pride of the Black Sea Fleet.
Pop him in the filter bin and then he talks to himself.
*116p prior to the approaches (multiple).
*Belerion indicating they are willing to pay 170p
*2 further bids from Candy across the back (funded btw) and working on a third.
*Not high enough to unlock the door to due diligence.
*76p sp due to pandemonia, that seems to have at least calmed down.
Just sit back and wait for either the next bid to come along or the Q2 Trading statement about 14th July which
*Might put the record straight on numbers
*Might Include Mr Allen's input on things going forward.
Was 116p prior to the first bid being levelled.
shazabo you need to learn to stop posting on its threads or even wasting your time responding. They have won if you do.
I'm happy to go for the
*$900M NA Box Office
* No covenant RNS at the end of the month (as its an internal test)
* Distinct possibility if Nisan Cohen pulls all the right levers that they might satisfy on the RCF.
* And if Paramount have any sense they might just bring forward Mission Impossible 7 and giving Warren Buffet a good start to his investment.
Given we are only at the 19th June (and the proper numbers need to filter through for the 4 day weekend) it should be good for circa $900M plus at the North American Box Office.
What everyone's thoughts?
I hope they do extend the window for although I am going to see it again next week as a group of 3 its had to give way on Imax and 4DX to Jurassic and Lightyear atm so its 2D this time. Would like to see them bring it back on at least one of the weekend showings as an Imax or 4DX as it was specifically made for Imax with 6 Imax cameras in the planes. Taking an "Ok I'll endure it" along next week and I'm interesting to see what their reaction will be at the end.
Seems a fair enough comment on things. Nothing new other than commentating on last weeks events. If anything it should spur Charles Allen (and MM) into action.
I urge you to spend a little time and sit and look through the end April presentation for the vast global business that THG performs and ask yourself if it is cheap. Market Cap at just over £1.059B.
I think that there's very good reason why people are knocking at the door at £1.70 and upwards. Shouldn't be too long until the next approach appears with it now sitting at 76p.
Looks like we are due a Q2 Trading update popping up around mid July so probably not a bad time to be buying imho.
https://thgcom.s3.eu-west-1.amazonaws.com/wp-content/uploads/2022/04/FY%202021%20Preliminary%20Results%20Presentation
If reliant solely on using US figures and omitting any contribution from the UK and the RoW cinemas (and all the ancilliary revenues) its probably better to wait until what is the end of a 4 day holiday in the US - and the add up all the attendance figures.
It's still estimates right now but it looks like a very good 2nd weekend off Jurassic World Dominion (Good film btw)
https://deadline.com/2022/06/lightyear-box-office-2-1235047729/
Incidentally I am still seeing Topgun still selling out showings on a barometer cinema I follow and in the UK Elvis is doing a good number on pre-sales. Either 4 or 6 the Lats will be adding
Interesting resume that Holy1.
Only a matter of time before the next bid appears or it gets taken private.
"Pre-sale ticket revenues"
The reply from IR on the covenant test does not surprise as I am certain this was mentioned by Nisan Cohen CFO during questioning in the previous CPlex trial. From recollection he stated that CINE / he runs the test and it is at a later date that it gets discussed with banks. I thought it was a month but IR are clearly stating 3. So I would not be surprised if you do not hear an iota around the end of the month on the covenant test. So no RNS expected.
Now the one big plus point at the moment is that the Box Office has picked up markedly since Dr Strange and there have been vastly improved ticket sales which will (has) attracted more advertisements in the cinemas and also a further big rise in increased food and beverage concession spend.
Now again reflect back to that court case and that infamouse toolbox of levers that good old Gord Nelson utilised to magically keep the debt under $725M as per the arrangement agreement. Examples being delaying payments to studios, landlords, suppliers, restricting or stopping Capex sending - and whilst doing the previous 4 paying down banking on his banking facilities where you can etc. Same toolbox is there for all CFO's
So if the test as such is run on a given key date then with the fortuitous vastly improved box office it might be feasibly possible to have the RCF where it needs to be on the specific date to avoid covenant tests altogether (and the banks will be able to check it) Don't forget you also have [re-sale ticket revenues coming in as well and anything extra from promotions (Cineworld Days, Fathers Day for instance)
The payments are then prioritised and made thereafter the test date by drawing down on the RCF.
Personally if it were me then any excess profits made last month and this month would be directed to paying off any remaining balance with the dissenting shareholders, that being for two reasons.
* Firstly people see that with profitability they are visibly paying off liabilities and reducing those.
* Secondly it saves having to issue RNS's saying that you are having to consult with the dissenting shareholders re liquidity.
Everyone can of course have their two penniesworth on here and guess, speculate and scratch their heads but ultimately what is prioritised financially is decided by Nisan Cohen, Mooky and the Executive Team and you can't read their minds.
All you can do, is do your bit by visiting the cinemas with family and friends and putting money through the tills.
Given its the weekend it probably best just to note that the market cap of THG presently thanks to last week is just over £1.059B.
Then I would suggest taking some time to maybe look at the last results presentation or the Annual Report to see the full scale of the operations globally, the different parts of the business, the metrics involved and the cash and liquidity available.
I have to admit it does look exceedingly cheap at 76p and remember those bidding at 170p and higher were looking to acquire a healthy business and make a healthy return on top.
https://thgcom.s3.eu-west-1.amazonaws.com/wp-content/uploads/2022/04/FY%202021%20Preliminary%20Results%20Presentation
Well Done PaddyBoy if you did venture into Halfords with spare funds. Up circa 9%.
Mrs Lat wants to go and see TopGun Maverick for a 3rd time this weekend. Anything for an easy life.
Enjoy the movies and enjoy the popcorn.