Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
The statement from Halifax also states:
"Following completion of the move to Frankfurt, you will be subject to our International Trading Model. All details, including Dealing Charges, FX Charges and TradePlans Policy, can be found on our website. "
This suggests, investors will CONTINUE to see their listing on Halifax, just traded via international and currency conversion etc as you do when you buy US or other foreign stocks and shares.
I personally think the approach is good and takes care of the process well for investors on Halifax.
I have been holding TUI for sometime and now they have returned to profit, need to see a re-rate at some point.
Thank you so much!
Since the pandemic drop of ~66p, has there been any further dilution?
Thank you in advance.
Didn't have a clue what C11 entailed? There is a plethora of information available for reading on it.
Again, as stated, I didn't ramp or entice others to invest, that was their decision, equally those who may have bought into BOO at heights of 400p to find it down 90% at ~40p - this is the inherent risk of investing and facing macro conditions, those that are prevelant for BOO, given utilities, shipping and manufacturing has gone up and their clothes are tat and they face stiff competition from rivals like Shein who offer free returns, unlike BOO, who have seen large returns decimate their margins.
I have no interest in trying to belittle you, Wolf, you consider yourself far more important than you actually are - you are an anonymous BB poster, much like myself. I stated before and I state again, you turned up when CH11 was announced, then stating that the company was doomed, does not make you Nostradamus when you state that the company is going to face difficulty, regurgitating the contents of the RNS issued by the company, ad nauseam etc.
As for being outraged, that is embellishing the truth when I stated, there could be the opportunity for future arbitration and that many LTHs let down by the BoD will likely look to give their business to competitors like VUE.
Hexem, you more than anyone, given your equally astronomical post count to Wolf, know that these BBs are going to attract those wanting to invest in a company and if they want to take a positive look, that is no bad thing - many had invested when the company hit lows of 20s at the start of the pandemic and it is impossible to know how many exit when this returned to 100-120p. NOFEAR was one such poster who did this and exit.
I have and had no interest in engaging either of you - I posted a reply to Poor who was receiving trolling; but Wolf, your emotional attachment to this BB and your desperate need to be admired (again, when you turned up when the C11 announcement was published) keeps you lingering here like a bad smell.
There is little point turning up at the 11th hour, when the company issues RNS itself and the share price has retreated to 20p to then say "I told you so", "I warned you". You should have been present at 120p to say that.
As stated before by multiple posters, many LTHs were locked in with high averages that either stayed put or awaiting the decision of the judge's ruling on the restructuring plan.
I don't need to hang my head in shame, I was well aware of the risks in investing/trading. My portfolio is diverse and I hope the same for many other LTHs but don't feign that you were some godly market analyst, you came up here when this share price was beaten and it had advertised it was entering CH11.
The share is now de-listed, your efforts are better spent on BOO where you are seem too blind to see fast fashion is declining and the BoD are just as inept as the CINE BoD.
Poor, pay no attention to the trolls. You appear to be living in their heads rent-free, particularly when the company is now de-listed from LSE.
You have made significant gains in ARGO and CINE on a number of occasions, as your earlier posts confirm with entries and exits
What you are witnessing is a number of failed day traders, trying to come across as if they had a great insight when the company itself advertised the going concern and headwinds it was facing.
Many LTHs invested on the premise of supporting a company with ~50k employees and one that returned a profit YoY, pre-pandemic, albeit the small margins (5% of turn-over - i.e. $200m profit against a $4bn turn-over).
Streaming did not kill off cinema and both CINE and VUE are reporting strong attendance now; July 2023 has exceeded July 2019 US domestic.
Streaming fatigue has set in and Disney themselves are seeing dwindling viewing figures and will continue to see billions of dollars of losses before they see a profit.
CINE going into administration was the product of bad management; the BOD as another poster stated, provided assurances that they had a good relationship with creditors and studios but failed to navigate the headwinds and importantly failed to capital raise when the share price recovered to 100p+ on multiple occasions.
Good luck with your future trades and investments and I'll keep an eye out for your posts on other BBs.
Wish the same for all other LTHs, don't be disheartened - most of you invested to support the recovery of a company and many pre 2020. You all deserve some good karma :-)
Dean/CWWX tend to forget at times which profile they are logged in with.
Small time day trader who spams this board and others where there is no dialogue in the hope of making small movements in trades. Needy and pathetic? Absolutely but also futile.
The LTH have either exit or left whatever is left in their account and will see if arbitration comes about.
I visited Vue today and watched Barbie with the family. Like others, I won’t give my money to CINE, irrespective of how little that makes a difference. Clearly not as they have posted this and appear to be doing much better now:
https://twitter.com/cineworld/status/1684915410041274368?s=46
Good luck, Poor.
I’m also holding MARA but RIOT, too.
Vanguard, the second biggest asset manager, after Blackrock hold 10% in MARA and RIOT.
BTC will climb again at the next bull run so I’m loading up.
I’m holding 100k CINE stock, if there is future arbitration, I will want to provide evidence of my holding.
I would encourage you to ignore the trolls. We already know it is just a handful of posters with multiple alias who have you living rent free in their heads.
Thieves and hopefully karma finds its way to the BoD. I won’t be averaging down as the writing on the wall is quiet clear.
*group litigation even haha
I have decided to leave my holding which is not worth much. In the event there is a groin litigation, I want to be able to share evidence of my holding (suspended).
The only value in holding CINE shares now for existing holders is future Group Litigation; a recovery firm who will need to be funded or propose a no win no fee payment structure to attempt to claw something back. How? I don’t know the details of such, but it will be either during the administration process in the U.K. or post.
Good luck everyone and please be mindful of CWXW and Dean. They are likely the same poster playing the deramp and ramp angle to day trade and help persuade a spike in the share price. We have had ProfitJock and Sharabel in the past, it would not surprise me if this small time boiler room is at it again.
HNS_77 you should contact Patiencebringsit and let him know you would be prepared to give a formal statement about your interaction with the BoD. I wonder what Patience and his collaborators next step is as they put a lot of effort in.
Good luck, HNS_77, I hope your other investments are a success and you make up your losses.
I imagine many have written off whatever is left and decided to leave their stock as-is or they will buy a small holding to put away on the off chance it recovers more in the next days/weeks.
Perhaps they will keep their shares in the small hope that if a Group Litigation petition is raised, they can submit evidence of shares they held?
It is entirely up to them, whatever is invested has been accepted as a write-off now.
HNS_77, if I recall, you saw the whites of the eyes of the BoD when you and another investor attended a prior AGM/GM, so it must feel a little personal in the betrayal when Mooky and Scott (secretary) gave you assurances?
Here is hoping those who have lost out make their money back on other investments.
Karma will find the Cineworld BoD.
All the best to the investors who invested in good faith and lost out.
Penta, you and many other shareholders should keep your head held high.
You invested in a company to support its recovery. It is often quoted, you invest in the board and the people and Mooky and Israel Greidinger gave assurances to shareholders they would see a recovery.
Yes, it was a going concern and the headwinds were strong but what we have witness was poor management and disregard to investors who supported them and their grandfathers legacy.
They chose to capitulate to creditors and have supported a low ball valuation to the detriment of creditors and shareholders.
Karma will find them and it remains to see how the company will perform as the new entity.
Good luck to you and others and remember, you have ample time to recover your losses and make them up.
Life is too short to live with regrets and I personally feel it is not one to have with Cineworld.
The effort from Patience and his team is incredibly admirable.
https://cases.ra.kroll.com/cineworld/Home-DownloadPDF?id1=MjQzNDAxMw==&id2=-1
“The AdHoc Group respectfully requests that the Court does not take the Valuation Analysis included in the Disclosure Statement into consideration when deciding on a Restructuring Plan, given the susceptibility that PJT Partners and their valuation methodology do not meet the Daubert Standard, mandatory in order to be acceptable to Federal Courts.”
Quiet a revelation and oversight from the courts that they did not challenge this.
Shareholders are a lower class but looking up that statement, it reveals:
Section 1129(a)(8) of the Bankruptcy Code requires that, for a chapter 11 plan to be confirmable, each class of claims or interests must either accept the plan or not be "impaired." However, "cramdown" confirmation is possible in the absence of plan acceptance by impaired classes under section 1129(b)(1), which provides as follows:
Notwithstanding section 510(a) of this title, if all of the applicable requirements of subsection (a) of this section other than paragraph (8) are met with respect to a plan, the court, on request of the proponent under the plan, shall confirm the plan notwithstanding the requirements of such paragraph if the plan does not discriminate unfairly, and is fair and equitable, with respect to each class of claims or interests that is impaired under, and has not accepted, the plan.
Let's see what the judge says.
@Patiencebringsit, is there any more update from you legal team appointed?
Alan, re-read what you wrote and you will find it is you who is dense.
Those who have sold on news are gone, those who remain are likely prepared to go down with the ship as their remaining shares and value is significantly down.
There is a reason this BB is quiet and most valuable commentators have gone to discord or telegram groups.
This is now an eco chamber.
No one is ramping only those left are altruistic investors wanting to warn others lol
Of course you are here for humour value. Most if not all retail investors who were going have gone. Those remaining have written the stock off, or waiting for the balance of the process to follow through.