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BC. You had 535 shares at £1. So value at .63 share price would be 337k when (for bod) doubt you bought another £115k. So £452k. At .7 that's approx £497k. You sold £400k leaving £97k. £650-£97k = £553k. So that's a massive lose of £153k when you sold. Or of course, it could just be that your full of bs
RE: Is the dual listing really a good idea?13 Aug 2021 14:15
Basically, I think so yes, no obvious disadvantage. I think there's additional friction costs for Cineworld though e.g. regulations to uphold to, admin, FX. But the idea would be the advantages of access to US capital mkt outweighs this.
RE: Is the dual listing really a good idea?13 Aug 2021 11:00
Which part? It wouldn't be like selling off some of the cinemas that weren't profitable. It's selling off a percentage of the whole of regal. Between 1-100% of the whole. So if you're selling off a percentage of regal because it doesn't work then it's because the whole of regal doesn't work.
RE: Is the dual listing really a good idea?13 Aug 2021 10:51
Dragon, some great posts today. Loving the business acumen of some thinking that buying an asset for a load of money, then selling it for a lot less only a few years later to pay of the debt you used to buy the asset in the first place is a good idea. There's some sophisticated investors for you right there!
RE: Is the dual listing really a good idea?13 Aug 2021 08:33
Don't think it warranted that response insider. You look more of an idiot yourself with that.
Jed. If it were the volume of shares in that wouldn't be an issue as you could split the number and double/triple whatever before secondary listing. Each current holder has the same value just more shares. Don't think you can rule out a rights issue/dilution but that's certainly not what was being touted in the reporting. Unless I read it wrong.
RE: Is the dual listing really a good idea?13 Aug 2021 08:17
Lats, why are you addressing your post to me? I don't give a **** what your preferred option is. I was answering questions the question asked about how a company listed on two exchanges sells the same shares on both.
And the value of regal is included in the current market capitalisation (as is all of Cineworld). Let's not go into debt, not currently profit making, etc. You may believe the capital value should be higher but it is included.
I won't reply to you any further because I fear that I give someone as low intelligence as you the belief that you have an equal platform.
RE: Is the dual listing really a good idea?13 Aug 2021 07:21
As Dragon says, the benefit is access to a bigger capital market and hence more liquidity and potentially more people interested in buying and owning Cineworld shares. That's good. Although increased frictional costs as well.
RE: Is the dual listing really a good idea?13 Aug 2021 07:15
If what Cineworld propose is just a simple additional market listing then they wouldn't create new us shares and hence dilution like a rights issue. It would just be the case of making the existing shares available to buy and sell on two different exchanges. In theory the value of the company wouldn't change or there be a stock spilt or anything like that, existing shares would trade at an equivalent price between US/ UK. The share price may increase as investors like the idea but by itself the act of listing on a second exchange doesn't increase or decrease existing value or create additional shares.
Bulktrader, we've had people looking stupid for weeks here. Claims of being able to read the market, all the good news that has been streaming out,, yet still at low 60s. I's laughable. There are a few good balanced posters on here who you'd like to think weigh up their investment decisions based on positive and negative. Cineworld has pretty much followed all the other sectors affected heavily by covid and my opinion is it will continue to do so, hopefully with a decent upside from here. I think revenue will be slightly more than expectations at results (retail spend has been pretty much back to 2019) but doubt there will be a huge lift in SP.
Apologies but can't resist a "facts not twisted opinion" There's been a massive rise in US covid cases in one day! 36k to 235k 600%+ in one day! (Won't respond)