Member Info for oxygen

The Company will avoid C11, if at all possible as there best option would be a Debt for Equity swap which they seem to be guiding in their recent comment “ would result in very significant dilution of existing equity interests in Cineworld “. Not that the Greidinger brothers will be too concerned about that, having offloaded quite a few bundles of vested stock at circa 675p some years ago. How times change !

Well if you’re sitting in a major Private Equity house with funds available to secure its immediate future, then your ‘remote’ Dealing teams would be heavily buying into this Market, pending such an announcement …..currently not a game for amateurs, but helps the rich get even richer !

Not sure why you’d thinking C11, wipes out existing creditors…the legislature details plans for their protection against existing assets !.That said the Company will vigorously fight against such moves as it takes away their control. Think ‘lobster pot ‘ , you think you’re safe whilst within it, but external dangers await !

…for extracting info out the Company which they should have declared 5 days earlier, but of absolutely no surprise given the Management in place.

Creditors merely take the assets against which loans are usually guaranteed !

“hopes & expectation” . Hmm, well their options are now somewhat limited other than in their words, of the 17/8, to undertake “a comprehensive deleveraging transaction” (and we know what that means ) which basically wipes out existing Shareholder valve, not that those currently granting the covenant waivers to keep this bloated debt laden vessel afloat, will be remotely worried about . Someone should make a film about it !

Perhaps the only good news here is that the Mooky Greidinger no longer holds the reigns, they’ll already have passed to the creditors who collectively should have better business acumen. Yes he can still tinker around the edges but his input will matter little until others decide his fate !

Would be best if they now sought Suspension of Trading until clarity on fresh funding and an ability to continue trading is made clear, as until then there won’t be an orderly share market. Even seeking funds for Bankruptcy Proceedings, is being questioned and who knows what pressure some Lenders are now exerting on them. In the end though suspect this will be yet another name lost to history.

Strange haven’t yet seen a response from the Company to refute the WSJ comments. That said most Shareholders should hopefully have escaped already given the inevitable restructuring & dilution thats needed to survive under their mountain of debt and Lease obligations. Not looking good.

As a holder of Next I feel (and hope) that Simon will have more sense than to offer an equity investment into this dog.

Presume you feel any ‘restructuring ‘ to deal with $4.8bn of debt won’t affect shareholders….good luck with that !

Thankfully I relinquished my UK Residency long ago for numerous reasons, one being Gov’t / Treasury ineptitude which not surprisingly has sunk even lower. Can’t be long either before AB wishes to cash his chips in, and leave the sinking ship !

Also helps, if like II’s, you can be totally impassionate about your shareholding(s) and personally suffer little if circumstances dictate a cleansing of the portfolio !

Strong results albeit suspect inflationary pressures will pull back their COR at 94%, but shouldn’t dampen overall continued progress. A long term hold for me.

“ Best just sell and move on if you can’t wait a couple of years.” Absolutely as no point leaving money in the Market not earning its keep….plenty of other Sectors less exposed to current headwinds which look likely to last for sometime yet !

Probably the most widely used phrases ‘ad nauseam’ by those who’ve gone onto lose money …..”hold onto your Golden tickets”, “this time next year Rodney”, “the Trains about to leave the Station”, “snap them up whilst they’re this cheap”, “ load up at these giveaway prices” ……
Doesn’t take much to spot who’s suddenly realised they may be on the wrong side of the trade, having done zero research other than tune into LSE

The contrarian view of going ‘short’ on every popular share that tops the LSE Board, is proving a winner ( BOO/ THG / EUA ) provided you can spot once it’s fallen thro the ‘trap door’ . Failing that maybe just follow what the likes of Marshall Wace do !

Chill out guys, not my problem your angst is probably in proportion to your losses here, take it up with the BoD

Seems the AGM at least achieved one aim of leading some into still thinking a deal is close with multiple parties having expressed interest but none formalised yet and even believing a ‘bidding war’ could break out anytime soon.

Don’t think many are doubting a Sale won’t be concluded, the real question is at what price ? Post 24/2, if you were a potential buyer of stranded assets held in Russia by a Foreign Owner whose own Government remains a hostile State, I hardly think you’d be offering anything like it’s prior commercial value. Pitch a painfully low, time restricted offer, knowing it will likely be initially rejected and then sit and wait knowing time is on your side. And don’t discount any quiet lobbying campaign, knowing State corruption by those with influence is fairly rife, and allow greed to do its work. Holders of wealth have few scruples and success of the deal is measured by some on how far the losing side falls. The waiting period here is beginning to tell a tail !

Re. ATH…..yes correct, should have referred to the 52 week high circa 495p which I remain confident we’ll revisit , but not this year !
PS. Thankfully bought in after it collapsed from its ATH, when it was pennies I recall.

Can understand many reluctant to crystallise their losses here BUT the SP. suggests few others now believe in the story that the Directors are spinning out whilst being handsomely rewarded. Living on mere ‘Hope’ ain’t the best investment strategy.

@pearls. Admire your openness given your holding. Hope it returns your support. GL

Not sure one’s necessary, the last FY video presentation showed what the underlying issues were that the Mkt identified, and won’t get fixed quickly !