IanHarding - ChatSGB
Dont act like you have £15 Cineworld
you go first
yes, perfect time to open short position..
bullsbears - I think they meant Q1 of the financial year
thatdildo - Its only slightly higher APR than some overdrafts, and the companys borrowing rates on debt raised will be anywhere between 7-12% so not that bad for taking on the risk that banks dont want to.. There is a demand for mid cost lending and RewardRate will fill that gap nicely
Shorterguy you are a sick individual, seek help
I think we are way past 'ouch'..
the ouch moment was from 20p to 1.8.. now we are just numb
Kind of annoying how they spent the last year avoiding releasing movies unless straight to streaming platforms, when we needed them on the big screens the most. Tut great that even Netflix have came to their senses. Should put an end to Cinema is dead and streaming will take over nonsense.
"Cineworld filed for voluntary Chapter 11 bankruptcy, which means the company went to the court of their own accord to seek protection from creditors. The creditors did not go to the court and force Cineworld into bankruptcy."
They kinda did force Cine into the chapter 11 because they were refusing to lend more, then as soon as they are in chapter 11 they magic up the best part of $2bn so they either forced cine into this or Mooky made the deal with them and they left it right up to last minute to buy them time until the film slate can bring in some cash. The judge not allowing Cine to take the full amount yet is a blessing, i think he has saved our asses a bit.
are you referring to the 20 cinemas that the rents were extortionate and getting out of those leases saves Cineworld $12,000,000/ month.. those 'closures' I can live with...
no one has a clue, they just seem to be pulling random figures out of thin air and made up scenarios where the outcome is the worst they can possibly think of. People should wait for official RNS before making any hasty moves based on either side of the spectrum
go to your other stock boards jed.. no one wants financial advice from a randomer on here
shazabo you posted off the wrong account
said what?