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@Cruis, must have been even worse when you were on holiday and you saw that. I never thought we would see even 20p let alone 4p.

To all of us LTH’s, a small milestone (for lack of a better word) that this day exactly a year ago was the day that the $1.2bn verdict was sent out.

I remember that day quite clearly, the stock dropped about 40% on open. I doubled my investment that day, not a very good decision in hindsight.

A year on, we are in just as much uncertainty as we were on the day. Crazy day to say the least, but we win some and we lose some :)

Just look at that. So this news that is so many months old has only just been released through official channels. Is CINE using single-fibre broadband at their HQ?

Maybe in January or February they’ll release an RNS telling us that they were unable to meet the covenant test and pay down the RCF from July…

By this time next month we should almost definitely have a better, clearer picture of whether we get home and dry or get wiped out. Trying to keep the optimism, but whatever happens I think we can all agree that the culmination and end of all of this will bring us a huge relief, even if it is negative (considering many of us are already down so much).

@Hexam, agreed. If this news said shareholders will emerge intact then the matter is settled.

@bullsbears also well said, we just need to wait and see what happens.

Hello Linkop, I understand your doubts. I just wish to express my viewpoint on how I see it. I was previously one of the biggest advocates for Mooky and the company.

I am excited to see CINE is moving up, but the reality is that 3% rise today is a drop in the ocean relative to the 84% I am down to date. We will need to see a full 180 degrees on this and some sort of change in stance via an RNS that shareholders will in fact be safe to see this thing really rise.

I would also point you to the RNS that CINE themselves published. They said in black and white that any deleveraging transaction is going to dilute us.

The RNS on the 22nd August titled ‘Response to Media Speculation’ doesn’t even use the ‘likely’ language, they say it very clearly. ‘As previously announced, any deleveraging transaction would, however, result in very significant dilution of existing equity interests in Cineworld.’

Then on the 7th, they inform us that they are seeking that exact same transaction that they confirmed will dilute us, ‘As part of the Chapter 11 cases, Cineworld, with the expected support of its secured lenders, will seek to implement a de-leveraging transaction that will significantly reduce the Group's debt’

So CINE is seeking to do the precise thing that is going to dilute us. The only way we emerge intact from this is by a miracle from God.

Another reminder that no matter what happens, it was widely anticipated at some point that Mooky (CEO) would likely get a new, fresh stake in any new restructured company, so even though he is the biggest shareholder of them all, he potentially would have an escapeway.

I wish all the best for us, CINE was an uncomfortably large part of my portfolio when this went upside down, but I am already setting my sights on recovering the losses in other places rather than crossing my fingers and waiting for this one.

Hello @Srini, hope you’re doing well.

I sincerely hope we do as well, even if we leave with something instead of everything, I would be happy at this rate. I am hoping for a bit of mercy from the lenders to let us get out of this with something…

I am a CINE shareholder of about 20 months and I have never sold a single share.

I struggle to see how this news confirms we are going to come out of this in one piece? The idea that CINE was going to emerge intact was a matter of consensus amongst us when the C11 started. CINE will be just fine, the real question is what happens to we the shareholders? Do we emerge intact as well? This article doesn’t give us any answers to those questions.

Perhaps if I have missed something, someone could elaborate further.

Agreed @bullsbears, I think Mooky will not allow any low price. If VUE offer something derisory like that, then it is better to take your chances after the restructuring and seeing what happens.

I think Mooky and Co have a higher average than all of us, but none of that would matter to him if he was going to get a stake in any new restructured company.

The issue is the debt, as always. No company in the right mind would swoop in and buy the whole thing with Cineplex and so many other liabilities around.

I think maybe they’re looking to purchase just the UK or European segment of CINE, but only take on a very small portion of the debt with it.

Very interesting that this has emerged from the Times, they were the same people that correctly predicted CINE was going to file for C11 on the day.

Or perhaps VUE is waiting for CINE to be finished with the C11 and then examine to see which scraps they can take.

All imo.

Hello @BlueBuxton, I’m doing ok thank you, hope you are too!

There is no chance that Mooky will allow anyone to buy CINE out for that kind of price.

The fact is that CINE would be worth over 10x where it is now if it was not for the debt, even more than 15x. Mooky believes it’s possible to get it to that value (imo), it’s just a question as to whether we shareholders get to enjoy that restoration or not.

Hello @Hexam, I won’t have the slightest idea XD

Hey ho, what’s to happen will happen. At least we have held onto the majority of the gains today. It will be interesting to see what happens tomorrow and on Friday.

@poorinvester, hope you’re good.

Yes, I think you are right. But presumably a settlement has already been arranged? Is it the case that they just hurried it through and are finishing up the final details now (this could be as the news I was looking at was mentioning that the settlement came literally at the last minute)?

Hello @LTHcine - yup, still holding just as before. Hope you’re doing well.

I also hope so, but I must say that there was a lot of ramping happening yesterday. We still don’t know the exact terms of the settlement they reached, how do we know that the settlement benefits us in any way?

The rise yesterday (although wonderful) was based upon pure speculation. If any RNS came confirming that the settlement means we are out of the deep end, then no doubt we will skyrocket.

We still need to see what happens, but yesterday’s news was very welcome.

@patiencebringsit - ok on my side :)
I’ve gone from about 90% down to 70% down, so it’s an improvement. Yesterday was phenomenal, I was hoping it would continue today, but alas, we are not so lucky ;)

LTHcine, some of the old ones are still around!

I’ve just decided to pop my head in today.

This is CINE. If they can avoid it in any way at all, they will not send out any RNS.

If you went off the RNS, you still wouldn’t know that CINE did not pass the leverage test covenant back in May (if I remember correctly), and to this day they have not sent out any RNS about it. The only way we found out was because the Deputy CEO wrote around 3 lines about it in a court document.

Logged onto LSE and saw front and centre that eve has appointed administrators. EVE was a very small portion of my total portfolio, but nonetheless it is disappointing to hear the news.

This was one board that always had the regulars producing really good, informative content. I know some here have averages in the double digits, and the RNS has unfortunately made it quite clear that we should expect absolute zero. It is a shame.

I was not a very active user here, but I wish everyone the best in their future investments. The stock market always has its risks, you win some and you lose some. Keep your heads held high, and remember that life isn’t just composed of money, money, money. There is more to life than an investment, never forget it :)

Could it be the case that CINE wipes out the US equity only and keeps the UK equity intact?