Member Info for poorinvester

Hi Chaebol, good luck to you also, next few weeks are going to be very interesting. GLA

Wolf, I’ll keep a lookout, hopefully we will find some where they put that information.

Hi chaebol, how much have you got in here?

Hi Wolf, I can’t see many sites closing, most cinemas were profitable pre pandemic. It’s predicted, that they should return to profitability next year. I hope we get info regarding, what was discussed at the lenders meeting, Tuesday morning.

Wolf, only a few sites are going to close. They are getting rid of the sites, that were breaking even or losing money before the pandemic. There will be around 100 sites, not much more. Hardly any Uk sites will be closed.

Debtors meeting Monday, next week should start getting interesting. The question constantly on my mind is, have I bought enough shares. :-)

Wolf, there is no business if you remove the debt!
So I can understand, the maths don’t add up….

…Hypothetically speaking, let’s pu this scenario forward.
Cine bought Regal with a loan of 3.5 billion. (Regal was profit making)
Regal is now making huge losses, let’s say it’s worth 1 billion, I’m being generous there.
So what your saying, is the loan companies, will take Regal, which is worth 1 billion and cancel the debt of 3.5 billion? Lol

You got to remember, the G brothers have been in the business nearly 90 years, their father was the one that started the cinema family business. There is no guarantees, that Regal will become profitable again.
Do you really think the creditors want to carve up Cine?

Wolf, do you think the creditors have a solution, collectively?

I think not, they will never exchange all their debt for credit (if it was possible, I think not), just incase it goes bust in 12 months time.

I already have said, days ago, their isn’t much equity in the business compared to the debt, today’s article I posted, proves my point.

They paid 3.5 billion for Regal, they have closed 20 sites and more are to follow (all the loss making ones). Who in the right mind would give even 2 billion for Regal at the moment.

Only solution, let the G brothers continue, they will turn this company into a profit making business in no time. For G brothers to turn this around, they need their 20 percent stake. They are not Samaritans, like we get on this bb lol.
G brothers will be happy.
Creditors will be happy.
And poor investors will be happy.
Imho DYOR

Lol “strap on” , that made me chuckle. Thank you sammy

Jeff, clearing the 5 billion debt, will need more then a judge. Divine intervention is needed lol.

Jeff, agreed.

Dillyd, it’s great news, it also proves the lot that think there is going to be a newco or a huge dilution wrong.

This is why the sp is low.
https://www.small-screen.co.uk/cineworld-to-close-20-sites-in-the-us/

Thank you BC, this is very interesting.

Bullsbear, the RNS’s regarding dilution are very ambiguous, people are interpreting how they understand. I don’t think this fellas analysis was that bad, I don’t agree with him, however, he gave it a good attempt.

I think Monday or Tuesday, we will start getting a little idea, how the loan companies want to proceed. Let the lenders have their meeting, you will see, they won’t be able to agree on much, which works in mookies favour. It is very hard to establish equity at this stage, the last thing the debt companies want to do is swap most of their debt for equity and still cine goes bankrupt in a couple of years time. I’ve said it from day one, the loan companies are going to try to find a middle ground and not Rock the boat too much.
In my honest opinion. Let wait and see. DYOR

Completely agree Joseph. Hope you are well.

I’ll have this debate with you on a later date, I’m out with family in a restaurant, and my mrs is giving me funny looks. :-)

Hexam, sorry mate, just winding you up a little :-).
I agree with a lot that you say, however my main contention with you is the valuation of the company and how the debtors will move forward with it.

I completely disagree with wolf.

Hexam, Wellington is agreeing with me, I’m agreeing with him, your agreeing with him, his agreeing with you in value of the business, wolf is agreeing with you and your not fully agreeing with him or something like that.
You have already confused everything lol. Welcome Hexam:-)

Wellington, that’s what I like about you, you are open to different possibilities. ATB

No where, stupid phone.

Dillyd, with shares like this anything could happen. This is a high risk and a very very high reward share. You could loose all your money or you could do 10 bags.

This is not the sort of share, you wanna trade for a few percent, either trade it big or hold, dilly dallying won’t get you know where.
Imho DYOR