Member Info for mountainous

@HNS - agreed!

@Metom - I think if that same 70 year old could bring this company out from a pandemic in one piece (of which many companies in the same situation have become insolvent), then that’s more than good enough for me.

You’re welcome to exercise your right to vote at the next AGM (I believe in May), but as long as the larger shareholders are content with Mooky, he’s here to stay for the foreseeable future.

Hello HNS, apologies for not clarifying. By hybrid release I meant day-and-date release, where the film is shown in the cinema and on streaming at the same time.

Of course, I don’t think streaming is going completely obsolete and indeed the hybrid model will remain. My comments were referring to the day-and-date release model.

Hope that clears things up a bit.

Thank you KickThePuss and HNS for your informative comments. We all know that the cinema business is one that fluctuates widely, but what we also know is that there is certainly a large demand for the cinema again.

This became evidently clear with the 90% pre-pandemic revenue figure we saw in October. Over the pandemic, pirating software and websites have become more and more sophisticated and we are now at a point where you can get a high-quality 4K version of a film for completely free. Movie studios are watching and are observing closely. Everyone knows that it is in their best financial interests to release via theatrical exclusivity in the first instance.

Just a matter of time. 2022 is still jam-packed with high-quality film content. I can’t see movie studios ruining their hard work and spent money with hybrid releases.

I don’t think buying Cineplex was a bad idea. If Mooky knew COVID was coming in full force then he would have ran clear away from Cineplex.

I think Mooky was quite optimistic and really wanted to expand the business. Business expansion is not a bad thing in itself, but when done too quickly it can kill of the company as a whole, as it nearly did with Cineplex.

Overall, I am still of the opinion that Mooky is sufficiently competent to continue as CEO, out of all the major cinema chains he is the one with the most experience and knowledge.

Happy Monday all, hope everyone is good.

Unfortunate to see the drop back to 35p today. However, if it weren’t for additional drops along the way I would have no where near the amount of shares I have now! I will be very glad in a few months/years time I think. Look on the bright side and take the opportunity to top-up if you can (and if you wish).

Nice article from Mooky over the weekend, this is now the second occasion where he was reassured us that the debt is still within manageable parameters.

All’s well that ends well, let’s see what this week brings us :)

@thriller, I definitely don’t think so. I think sometimes people don’t look at the big picture (and with CPX and other things in the mix sometimes it’s easy to not do so).

During the course of the pandemic, we put on about $1bn of debt. That’s about a 10% increase from before (I am using total liabilities in this case). CINE was paying a juicy dividend. The debt pile is high, but in no way does it spell disaster imo. If we can get it reduced a bit, have a decent 2022 and get the COVID uncertainty out of the way, I can foresee a dividend in 2024. Perhaps even 2023 if we are very lucky, but my personal (slightly conservative) estimate is 2024.

Good evening @SriniVaradhanN, I’m all good :)

Just been quite busy recently, but I still try to read through as many posts as I can. Nice to see a good reduction in the number of derampers around here too :)

Hope all is good on your side as well?

Hello all, hope everyone is doing great.

Very happy to see that the sp was up over 5% earlier today (IIRC), but looks like we’ve lost it a bit towards the end. All in a day’s work for CINE LTH’s :)

Looks like the Cineplex situation is beginning to take shape now, appeal has been put in and a week later we get this fantastic FT story. The best part was that they’d gotten some CINE debt-holders to share their thoughts, they seem very comfortable.

Tomorrow is another day! About a month and a bit until FY results, and i’m hoping we’ll get some update on what is happening with the June covenant test. If CINE announces they’ve secured a waiver in the March results, the sp would be absolutely supercharged imo, one big concern would be settled.

I’m still confident and holding like the rest of us! Cheese and wine in the back garden when we reach £1/share ;)

HNS- It might just be a scare tactic. I remember during the court case our lawyer simply mentioned the without-prejudice discussions and Mr Mark stood up and nearly slapped him through the Zoom servers.

My guess is that Cineplex MAY have come very close to getting it settled out of court, hence why Mr Mark snapped so instantaneously. By increasing their request to $2.8bn it raises the stakes for CW, presumably they want CW to cave and make an out of court settlement, because they know the whole case is just a farce.

If the judge that was quite obviously working in your favour awarded you $1.24bn, then what in the world makes you think you can just waltz into court and walk out with $2.8bn? Delusional optimism is an understatement.

There is no way in this world CP is seriously aiming for $2.8bn, they must be having a laugh at this point. The lawyers seriously need to sober up before they file an appeal next time.

This is stupidity on another level. Apparently we ‘diminished’ the value of Cineplex. Unless if Mooky personally went to every Cineplex in Canada and smashed the windows in with a brick I don’t see anyway whatsoever that we diminished the value of that company.

Call it a day and focus on recovering your company for crying out loud.

The fact that Cineplex have asked for such a cross-appeal shows that they too have their doubts that the ridiculous award of £722m will be upheld. It is complete rubbish quite frankly. CP lawyers have effectively asked for another type of award if this one gets overthrown, what kind of stupid request is that? Since day one of the termination, CINE directors have constantly been saying that they strongly believe that nothing will come of this claim and never suggested anything to the contrary. Meanwhile, CP lawyers are preparing a cross-appeal on the basis that they lose their current award. If they felt that it wasn’t going to happen, then they wouldn’t be preparing for it, simple as. The fact that they’ve made it the main component of their cross-appeal shows that they have no other drivel to push forward.

Based on today’s RNS, it appears that CP lawyers will actually be defending their right to an award either way, not necessarily trying to argue against CW about what we are alleging.

All’s well that ends well, let’s see what happens

Let’s face the reality here, the Judge’s decision was a complete nonsense. How can you use a totally new way of calculating the loss to CP by using the synergies? Quite literally has never been heard of before, hence the use of the word ‘novel’.

If you were feeling sick for over a week and the GP diagnosed you with a mild throat infection, how would you feel if they recommended an entire lung and throat transplant (which also carries a risk of failure) as opposed to the standard course of antibiotics they would give?

It’s overkill and exaggeration on another level. The appeal Judges will realise that approving the use of such a calculation sets a crazy precedent for the future.

@onlyonewhufc - IIRC the judgement document stated a specific time period that Cineplex would have to file some sort of cross-appeal. Perhaps they filed a cross-appeal just to be on the safe side.

We all know what that means, more Mr Mark! (ear-defenders at the ready :)

Personally, my main concern was that when Cineworld would try to file for the appeal, the court would tell them to ringfence the funds. That would have been a total catastrophe, because CINE would then need to scramble for the funds (probably from lenders) and would need to have it ringfenced for a number of years, which would have resulted in an increase in our yearly interest payments.

When CINE announced the appeal was in and without the need to ringfence, it was a relief for me. It is an open secret that this will go on for years, so in the meantime CINE will continue to reap the benefits of the improving box office performance, increased concessionary sales and a nice cut in unnecessary spending. In due time, I think we will see profit in the company (and our investments) very soon. Hopefully CINE can enlighten us on their 2022 expectations and outlook in March, I would anticipate that they would go for a break-even result (maybe small bit of profit, but I don’t know if that’s pushing it)

PS: On the bright side, all of this talk about the Boris parties has kept the media busy. I don’t know how many are aware, but they’ve found a new Omicron variant that may be more transmissible. If the media wasn’t busy with Boris, they’d be all over this. Luckily, the new variant doesn’t appear to evade the vaccines

Have a great evening and all the best for tomorrow everyone :)

Really fantastic start today. CINE is usually on the losing side of the market but recently we have been amongst the best performing!

lol if anyone can handle holding CINE during it’s December drop then they can handle just about anything the market has to throw at them imo

Shame I don’t have further funds to top up, CINE was looking very tasty to me today when it was -12%. JNJ and AMZN also looking extremely luscious imo :)

Jesus Christ. I look away for a few hours and see -12.75%. Must have jinxed it this morning when I said I was satisfied with CINE’s performance XD

All in a day’s work for a CINE LTH haha

I, for one, am quite satisfied with CINE’s performance recently. The market is in a situation such that AMZN is down 12% over the past week, and with the current political climate as well.

CINE, even though it fell a few % pts on Friday and today (so far) is acting like a buffer for the rest of my portfolio, I’m down about 3% over the past week, and in profit for the month.

Once the market recovery programs are tapered and the Ukraine situation is out of the way I think we will see a continuation of our upward trend.

Have a good day all :)

Hello everyone!

Happy new year, I haven’t been active on this bb for a while, but I’m back :)

Quite sad drop today in the sp, I haven’t had time to read the full report yet but by the looks of things it appears we are swallowing cash and it is not resulting in profits.

Firstly, TV advertising was a bad idea from the start imo. It is expensive and has a low outreach. CC needs to consider the use of social media/online advertising which has been shown to increase sales.

I echo the opinion of Yanis that we should put our expansion into France on hold for now until UK&I is profitable. The current situation feels very much like James Sturrock (previous CEO), where he was absolutely hellbent on growing the living crap out of the company to the extent that investors nearly rebelled. Growth is nice, but you need to do it carefully.

In my opinion, put France on hold, use a bit of money to expand into online advertising and let the UK&I portion become profitable. Then we can talk about putting money into France to expand there.

I haven’t sold today, I still think that EVE is in with a very good chance in the future. It just needs to rethink it’s approach and take some different decisions. All imo.