Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
They wrote down the UK good will to make figures look worse than they were imo.
Loss of over 1billion? Get real. More like 300m since lockdown began. I'll take my tin foil hat off now.
Sorry to ask but if any1 is a paying customer of the telegraph can you quote some of the article lol
Yep, was a nice drop to 16p.
Old shorterguy wanted 5p so didn't sell out. What a wise decision.
@zstar
Wow that headline from the article gave me goosebumps.
Historically yes. He said it about a month ago in an interview. Thats not too long ago in history.
Well yeah, you have to figure out how to put a negative spin on it of course.
Sounds like only one creditor is asking for assets as collateral.
Who cares, as long as cine get some cash to keep them going through the next few months.
Even tho mooky has said we arent low on cash, its nice to know he is getting things sorted just incase the vaccines don't come to pass. He is also securing cineworld until they get back to pre covid attendance levels, which he said could be as late as 2023.
Isnt this like super good news?
Not only are they not struggling to get ONE loan, they have creditors battling eachother to secure that they lend the money.
Good management to be fair. Hope it works out for u.
There is the possibility of films getting pushed back further into 2021 though. A risk i dont think mooky will take.
Neither was I. Quite a nice surprise. This share never fails to the the exact opposite of what I expect it to do haha.
It will be too early if we open in December. We will have to go 3 months without a blockbuster. Covid cases are rising and people are still scared of going out. It makes more sense to wait for the first wave of vaccines to be administered and reopen in Spring.
This time next year, if all the dominoes line up without falling, cineworld SP could indeed be over 1.50.
Directly, we arent. But it will make cineworlds business smaller, so inevitably the shares will be worth less. But at this moment in time, with the SP so low, it doesn't really matter. Long term holders are the only ones who need to worry. Maybe change their exit strategy a bit. Or may have to hold longer in order to reach their goals.
I'm no expert on CVAs to be honest, only started researching into it the last few days, but it sounds to me that cineworld are going to lower their long term debt (leases) by closing some cinemas permanently, in order to give the creditors of loans the confidence that they will be paid.
I have, I think you need to re read some of the definitions and what it means to shareholders, companies and their creditors.
"The CVA is to maximise the possible returns for the creditors, when a company is insolvent"
You are drunk.
Yes, it will also reduce cineworlds monthly costs. All adding up to the conclusion that cineworld will be able to afford the new monthly debt costs. All the creditors want is reassurance that cineworld can continue to pay their debt payments.
Thanks for the input.
I think that a cva will give the creditors confidence that cineworld can continue paying their debts in full once cinemas are reopen. I think that will be enough for them to sign off on the waivers.
In my eyes a cva is the lessor of the possible evils. If a possible cva at the very least isn't priced in, id be shocked.
Good luck.
No.
Whats your opinion on it indebt?
Last time cineworld released bad news, it was over the weekend. The "special" thing about this weekend is the potential news confirming their CVA. It has already been taken as negative in the market (god knows why).
People will be getting out and selling cheaper, in order to escape. Yes, people will be buying shares as well as selling, but ultimately the share price will go lower today.
I am just guessing. It could end up staying around 45p, which would be nice.