George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
What a great low budget film, Antlev even got his ear pulled clean off his head. Quality :)
The panic well and truly set in for Antlev and he started speaking gibberish
Myoh - dont forget advertising revenue
I didnt invest in the 2nd largest cinema chain to be left with a crumb of a week old digestive biscuit
Hexam lets just hope for no interest and force creditors to accept a continuation of business as usual
I think what they should do is accept 500,000,000 shares to knock off a third of the debt and then let Cine carry on.
Apparently Hussart but if no one comes along with a big offer i cant see the creditors taking a big haircut especially after lending almost another $2bn. I think its possible there wont be acceptable offer and creditors will decide to just allow Cine to continue after seeing box office figures on recovery.
Little topup @3.39.. probably should have set a buy order at 3p or something to clear it in the UT.. but couldnt resist
Rog - what exactly is the judge right about? Because he certainly didn't say MoOky can't be trusted out of his sight.
Hexam - see, this is where id probably get myself arrested as id just shove it in the accounts as a loss and lower the amount of profit showing
Wolf - i meant 'straight to streaming' for release of high value production movies (sorry not with it today)
Hexam - tbh i may be wrong in my thinking, but you could surely offset the whole debt pile as a loss on the books against profits for next few years? And also have a business that shows alot of promise for this year or next returning to pre pandemic revenues. And perhaps profits in the next few years when they can re float the business on the NYSE when in better position and make billions from the shares?
Metom - the guy is wrong, streaming has proven to be a massive failure. Also new cinematic window in place and everyone reverting back to cinematic release being the most profitable.
Hexam - "other than by just offsetting the interest payable against profits each year to reduce the annual tax bill."
This is what i was trying to say.
Hexam, a big studio could purchase the debt to use it to lower their tax bill for instance making it effectively free for them to take over
The shares are for sale too.
I just dont see why they would be looking to sell their cinemas with the lineup thats due this year should be well on way to recovery. Still dont think thats fiest option, maybe something else comes first.
Gets more confusing every time they talk, maybe its best if they just stick to NOT writing RNS's
This is where it gets confusing, Cineworld have now said no such talks have took place, and if they were to have, they wouldnt be for parts of Cine but the company as a whole. Now they say this..
"Cineworld has not initiated and does not intend to initiate a separate marketing process for the sale of any of its assets on an individual basis. Furthermore, any sale transaction for the Group as a whole would not include the sale of Cineworld itself and would therefore not be subject to the rules of the Takeover Code."
Things that make you go hmmm indeed.