Member Info for mountainous

@Robin292, according to @Ianharding Mooky is hoping to repurchase 8% back. I just don’t see why he wouldn’t have done it by now, or do we believe he is waiting until the court case is settled and then may he buy back?

@Reppyr, I hold Mooky in high esteem because the fact that we have gotten through all of the COVID situation with no bankruptcy and no stock dilution is a testament.

Yes, the company is in a highly leveraged state, but nobody knew COVID was coming. If COVID never materialised in the way that it did, we would have seen vast deleveraging in 2020 and 2021, and we would have seen a return to much better levels of debt.

In a way, the Cineplex acquisition couldn’t have been signed off at a much worser time. So taking that all into account, I’m fairly ok with Mooky.

His silence over the court case is making me itchy, but I’m just hoping that he’s using the debt situation to his advantage with the ‘we have no means to pay’.

@Ianharding, I sure do hope so! Either one would result in a fantastic rise for us!

Those two locations would have certainly been ideal.

Right now, my intention is to go via an overnight coach (if I do end up going).

It’s significantly cheaper and you would be able to likely arrive there with plenty of time in the morning. Of course, it depends on your responsibilities and plans and whether or not you’d be willing to spend 6-7+ hours in a coach :)

Absolutely, I’m hoping the AGM will give a bit more clarity. I’d love to hear a bit more from Mooky than the standard ‘we accept no liability and we’re awaiting the results of the appeal’

@TimeShifted - hear hear

Thank you BlueBuxton, hope you’re keeping well over there :)

Been a particularly rough day today, CINE got it quite harsh :)

Mooky^

Moody said the same thing in another Deadline interview back last month, that we need to see more months like what we saw in Q4 2021. Fingers crossed that we will see them with time.

Fantastic find FunInvestor, thanks for sharing

I have had a gut feeling for sometime now that something is emerging. There have been very few public appearances from Mooky for quite some time now, suggesting that he must be quite busy at work with something.

Remember that it is in the best interests of both Cineplex and Cineworld to negotiate some sort of ‘out of court’ settlement; both sides save on legal costs and Cineplex is much more likely to get something out of this.

With Mooky’s holding still there, as well as no selling at all from institutional investors, I still feel like not everything is completely and totally lost here. Remember Polaris increased even after the judgement was announced.

All imo.

Personally expecting a green day tomorrow hopefully, let’s see what tomorrow holds for us.

I hope the company is writing up the out of court settlement RNS right now as we speak and setting it to publish for 7am tomorrow :)

@KTP, sad to hear of your departure. It is paramount that you take care of yourself first, money is expendable, your mental health is not.

All the best :)

Not invested in MCLS and never spoken on this board before, but your BOD is behaving in a reprehensible manner.

It was just a few weeks ago where they released the ‘we know no reason’ RNS which was completely and utterly unnecessary.

BOD are up to something quite strange, I don’t see why they are releasing such statements which will inevitably bring the price down.

Might take a small punt and see what happens, MCLS has a relatively decent business model of convenience, so I can’t see the whole thing going upside down. Either Morrisons or Amazon must be interested at this point, Amazon have a good opportunity here to expand their Amazon Fresh offering which is already in existence in London and appears to be doing extremely well.

All imo, all the best to shareholders and I hope you manage to get out of this with at least some value, I may join you soon!

If an out of court settlement is forthcoming, I might go all out and get myself one of those large Victoria assortments!

Perhaps if CINE actually manages to pay off the RCF ahead of the leverage test in June, that may reinvigorate some trust in investors and would hopefully lead to an increase in the sp.

Cineworld could make such a documentary/movie as well, I would watch it!

They could also adapt it for 4DX and make the seats plummet to show our sp when Judge Barbara released her judgement! Also include heavy, turbulent wind and rain at that same point too!

I hope the documentary has a fantastic ending, perhaps large pastures of green with Mooky and Ellis Jacob shaking hands and playing golf; shareholders scoffing down a family pack of their favourite biscuits after receiving their dividend, and 4DX could pump out the smell of fresh flowers :)

Good morning lpd, and you’re spot on. If Netflix were to put some of their product through cinemas, it would be fantastic for both us and them, and they know it. I think the issue is that if they did that, they would be contradicting their entire business model, and I don’t know how their shareholders would take that :)

Plenty of options available, but cinema isn’t going anywhere anytime soon.

@Cruis1, I heard about a million.

Indeed you can explain the first quarter with Russia, but they’re forecasting a further 2 million subscriber loss, so there are non-Russian forces at play here too.

Well well well, what do we have here…

Today’s bb conversation has been dominated by streaming and people talking about how streaming is still going to keep going even during high inflation etc etc.

Just a few moment ago, Netflix announced their earnings report. They have lost over 200,000 subscribers in just the first quarter alone, the first time they have lost customers since 2011.

It gets even worse, Netflix have estimated a further loss of over 2,000,000 (yes, 2 million) subscribers in just the second quarter of 2022.

If Netflix is experiencing such loss, it’s fair to say that the streaming boom caused by COVID is well and truly finished. Roll on theatrical window and big movie releases, now is the time for the cinema industry to boom and CINE is here to benefit big time!