Member Info for NOFEAR

Cineworld Group Plc closed tonight in the USA at $0.87usd equivalent to aprox. Gbp 69.64p
htxxs://www.nasdaq.com/market-activity/stocks/cnnwf

@Hindy86
Thank You So Much Hindy86 - Great Video Share - Much Appreciated

@indepthwins

Sorry indepthwins, just like you I don't quite understand thri true net assets position. They may well have a few £billions ready to pump out in a worst case scenario

That's correct, day trading in shares require great amount of liquidity available on the fly with speed and forward knowledge to be gaining succesfully all the times. Currently the stocks AMC Networks Inc and AMC Entertainment Holdings Inc are trying their best to regain into positive grounds. I don't understand why the Wall Street has a hard time at these stocks every trading day.

The Cinemas shares that are getting again sold off today in the USA are: Amc networks and AMC Entertainment Holdings Inc.
These Cinemas are getting regular hammering. Maybe Cineworld should bagged them all on the cheap and end all the misery and rumors.

Published 6/July/2020
"We expect the legal actions to take some time, but in the end, once the relative strength of each side's legal position has been tested, we expect Cineworld to acquire Cineplex on revised terms," Peel Hunt analysts said.
"Cineplex appeared unable to find another buyer prepared to make a superior offer when it had the chance to, pre-Covid-19, and seems unlikely to do so now," the Peel Hunt analysts said.

Cineworld said last month it had secured a $250 million debt facility from a group of investors as it was gearing up to reopen theatres following the easing of coronavirus-led lockdowns globally.
The Regal cinema owner operates about 9,500 screens globally, with more than 7,000 in the United States.
htxxs://ca.finance.yahoo.com/news/cineworld-intends-counter-claim-against-070404682.html

Broker Peel Hunt on Buy Cineworld with target price 180.00 [Reiterates] 6-July-2020
htxxs://investing.thisismoney.co.uk/broker-views/CINE/Cineworld-Group.html

@indepthwins
You ALWAYS mention all the debt Cineworld has to carry to which to date we don't clearly know, but you never mention that their net assets as of January 2019 were around £3.4 billions

@M00la

You're spot on M00la. The Cineworld BOD has Cineplex BOD perfectly cornered. Perhaps they knew the proposed acquisition was turning into a very expensive takeover and waited for the perfect storm of unknown to us covenants breaches to be legally sure that by pulling out will not had resorted with not more of the £28millions fee plus costs to settle the matter if and when came knocking on the BOD doors. The share price has pulled back from today high just like the rest of the Footsie 100 shares have. Nothing new other than the retail share holders dumping their mini portfolios in fear of the worst. NOFEAR

Cineworld financial complete breakdown including up to date Cineworld major shareholders named in the pdf file.
Cineworld has a very strong Bod.
hxxps://www.cineworldplc.com/sites/cineworld-plc/files/2020-03/cineworld-ar2019.pdf

Okay, maybe Cineworld can't get any further government help like business loans but many others art venues will now.
The government has unveiled a £1.57bn support package to help protect the futures of UK theatres, galleries, museums and other cultural venues.
It follows several weeks of pressure, with industry leaders warning that many venues were on the brink of collapse.
Independent cinemas, heritage sites and music venues will also be eligible for the new emergency grants and loans.
htxxs://www.bbc.co.uk/news/entertainment-arts-53302415

@Nick88
Thanks for the extended list of major shareholders. Much clearer now who has our back with deep pockets

This is all I can find on the latest major shareholders dealing [Published Mar 9, 2020 4:22AM EDT]
htxxs://www.nasdaq.com/articles/chief-cineworld-shareholder-sells-partial-stake-as-stock-slumps-2020-03-09

htxxs://www.marketscreener.com/CINEWORLD-GROUP-PLC-9590220/company/
Shareholders
Name Equities Percentage %
Global City Holdings NV 275,720,505 [20.1%]
Harris Associates LP 101,000,000 [7.36%]
Artemis Investment Management LLP 75,317,592 [5.49%]
Aviva Investors Global Services Ltd. 75,317,592 [5.49%]
Norges Bank Investment Management 70,465,228 [5.14%]
Polaris Capital Management LLC 69,046,847 [5.03%]
Standard Life Investments Ltd. 61,583,595 [4.49%]
GIC Pte Ltd. (Investment Management) 41,021,894 [2.99%]
Morgan Stanley Securities Ltd. (Market-Maker) 41,021,314 [2.99%]
Goldman Sachs International 38,269,570 [2.79%]

On the 1st July 2020 The named directors as expected got their performance bonus worth at least 60p x share.
------------------------------------------------Directors Deals for Cineworld (CINE)----------------------------------------------------------------
Trade Date Action Notifier Price Currency Amount Holding
01-Jul-20 Exercise of option Renana Teperberg 0.00 61,319 79,960
01-Jul-20 Exercise of option Nisan Cohen 0.00 61,319 89,762
01-Jul-20 Exercise of option Israel Greidinger 0.00 203,184 707,071
01-Jul-20 Exercise of option Moshe (Mooky) Greidinger 0.00 298,005 836,157

---------------------Investment Canada Act thresholds--------------------
Perhaps the reason why that the Investment Canada Act was not able to pass their approval by 1/June/2020 was
because the Investment Canada Act threshold for merger takeover of a Canadian business was lesss than amount
required by the investment act due to the fact the Cineplex share capital valuation had vastly dropped in value by the time
the Investment Canada Act approval could be passed and therefore they needed to extend it further to allow a more thorough consideration of Cineplex business net valuation as the Covid 19 continue to hammer their operations.
htxxs://www.nortonrosefulbright.com/en/knowledge/publications/eba27ba8/2020-merger-review-thresholds-for-competition-act-and-investment-canada-act

Published on the 07th April, 2020 - Going back to the reasons why Cineworld has terminated the deal
Cineplex said the deal was still awaiting a green light under the Investment Canada Act,
and [warned that prolonged closures could hurt its ability to live up to the terms of debt
conditions in the takeover agreement.]
htxxs://www.bnnbloomberg.ca/cineplex-deal-under-microscope-as-cineworld-halts-dividends-1.1418413

The Legal Teams for both sides behind the original signing of the now failed takeoever agreement between Cineplex & Cineworld on the 16th December 2019
htxxs://www.lexpert.ca/article/cineplex-inc-signs-definitive-agreement-to-be-acquired-by-cineworld-group-plc/?p=13|55|145&sitecode=DIR

The Cineworld 16th December 2019 proposed acquisiton of Cineplex..
htxxs://www.cineworldplc.com/sites/cineworld-plc/files/cineplex-inc-acquisition/cineworld-group-plc-class-1-circular.pdf

@Hindy86
Great help with your link to the bnn bloomberg video. What I'm trying to understand if the Canadian government extended
their approval decision date from the end of March 2020 to the 15 of June 2020, was Cineworld at all happy with that further extension and why did they then pulled out three days before the 15th June 2020 Deadline. I guess they will have all the proof as evidence to counter sue them in due time.

Published Thursday, March 5, 2020 11:39AM EST.
Cineplex shares fall after short seller raises concerns about Cineworld deal. Someone must have had known that the deal it will never had gone through as this short seller must have had inside knowledge to bet against the Cineplex-Cineword deal.
htxxs://www.ctvnews.ca/business/cineplex-shares-fall-after-short-seller-raises-concerns-about-cineworld-deal-1.4840173

On the 1st June 2020, The Investment Canada review of Cineplex takeover by Cineworld had been extended to June 15.
TORONTO -- Cineplex Inc. says the Investment Canada Act review of its deal to be acquired by Cineworld Group has been extended to June 15. The review period had been set to end today.
The deadline to complete the $2.8-billion sale of the company to Cineworld is June 30.
htxxs://www.ctvnews.ca/business/investment-canada-review-of-cineplex-takeover-by-cineworld-extended-to-june-15-1.4963189