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What are you basing this 800-900m figure needed on? Not disagreeing, but would like to know.
everyone been doing so well, ,but you are gunna give the game away. :)
giantsquid - you spend an awful lot of time here for someone who is waiting for AFTER the restructuring. Leave us all alone and come back after to gloat.
Hussart - dont beat yourself up about 35p average, its a lot better than some people. I still kick myself that i had a gut feeling about why MoOky may not have bought back his 8% at a much reduced rate to where he sold.. should have listened to my gut. But here we are, best we can do is average as best we can and ride the waves :) the tide has been more of a waterfall as of late lol
If for instance they were to list part of Regal in the US to clear some of the debt, it might make sense that its only $1,6/share.. but if they were to say give up the whole of Regal for $1.6/share they would essentially be losing a further $600m from what they purchased Regal at just a couple years ago.
This just sounds like you had an imaginary conversation with random posters on this board. Not anyone from Investec :) Stick to doctoring.
You call it a magical business plan and act as if Cineworld haven't already been given the funding they need to come up with this business plan and try to achieve best possible outcome for all stakeholders? Why is that? If there are no willing buyers for Cineworld as a whole, do you think there is a possibility of emerging from Chapter 11 following a plan for recovery? Or do you think Creditors are just pushing to get their money back as quick as possible now?? why not chapter 7 if this was the case?
Wolf - How can you say MoOky has no access to capital? Are you his financial advisor? If i remember correctly he sold 8% of Cineworld shares above £1.25? thats probably not his whole wealth but he definitely has access to some capital?
Funny though that you still sit on your ass at the cinema :)
As this gets dragged lower and lower, the dilution gets more painful every time Oracle needs to raise a few quid to get by. Not a single project has managed to get past the 'all talk' phase and the projects that are being planned are huge in scale. Where will the money come from? If we end up with less than 20 billion shares in circulation (adjusted for any consolidation) it will be a miracle. Just can't see anything good any time soon, guess the market agrees with me that it all sounds like a pipedream. Oracle may just be a lifestyle company to pay for Naheeds expensive choice of shoes and handbags.
Hope im wrong.
Well said HNS... and this is why I still believe the journey is not over for us. But we shall see what they have in store for us. Hopefully its not just simple action for them to get rid of us.
RI - why do you hope for a buyout? its worst case from where im standing, we are bound to get screwed in any such scenario. I prefer to continue as going concern and then have a blowup few years where Cinema breaks new consecutive viewing records
What i see wrong is that its not Cineworld related, there is a BB just for ARB too.. check it out. To get there use the search bar on the top left of the page, then type "ARB" into it and you see the little magnifying glass? Click that and it will take you straight there.
Yes, and as we found out, studios still wanted to fook around with straight to streaming and strangled the cinema line-up by not agreeing to the cinematic window at first. Luckily they have came around now and realised where they went wrong, but is it too little too late?
This feels almost wrong, too polite for this BB. :O)
Hussart - might be worth looking at your current average and weighing up the benefits of averaging down ever so slightly. Few K can really bring down a high average at these levels. Not financial advice but it's just what I have found best option for me, as, if I am going to stick around, I may aswell benefit from the recovery on the way up :) IF it goes to pot then whatever I have averaged down with pales in comparison to original stake.
In my eyes, it seems stupid for all these lenders to lend all these billions of dollars, and then refuse to lend the last little bit to get the company through a rough period and back to profitable years. At what sort of mark down would the judge say they need to accept if there are no satisfactory buyers? If no-one comes forward for a decent price surely the lenders should just suck it up and change the terms of the loan to make it affordable? In return they atleast get all their money back rather than just giving it to someone else to reap all the rewards.
im quite happy with my 3.39 topup slightly lower than "mate rate" maidit :P
Getting out of the NCM contract will save £50,000,000 a year, no brainer.