Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
WoW, I agree with you that the company will not emerge unscathed. It has already suffered that as it has dropped from a high of 300p to 5p (98% drop).
If there is dilution on a re-structure, let us see what that is or could the creditors propose a convertible debenture which matures to stock options at a later time and importantly a later price point?
Time will tell but I'm content sitting on an average of 3.2p and maintaining my long position.
All I read in that further embarrassing reply from you, Wellington was one big IF.
You have proposed ONE scenario of IFs but conveniently side-stepped other scenarios which you have no knowledge of.
RoW is cleared valued more than the current market cap of £70m but the bidding process does not discount a bidder purchasing the entire Group and taking on the legality and appeal process of Cineplex and disputing the absurd synergies element which was the bulk of the unsecured claim.
Once the deadline of 16/02 is up for bidders to cast their offers, it should be public soon enough where Cineworld stands.
Current market cap of £70m or $88m I mean.
Debt is nothing to be afraid of as long as it can be serviced.
Cineworld has a huge US and European presence and offers an attractive proposition.
The debt figure of $8bn factors on-going lease when lease excluded it is actually $5bn. Remember, $4bn of that or 70-80% of that debt was taken on buying Regal. If Regal is sold, it is only natural that the debt is sold on as well.
Others have posted, if Rest of World (RoW) remains and debt free, it should be worth considerably more than $72bn which is the current market cap. I would like to see RoW valued at $300-400m which would translate into a share price north of 20p and some believe it can go more if a bidding war takes place.
Embarrassing reply from Wellington.
For someone who likes to mock others, I would expect better from you.
Cineplex is an unsecured claim and under appeal. Further more, it was done with 1232743 B.C. LTD., a corporation existing under the laws of the Province of British Columbia. An
By equal measure, what is to say that the claim is dismissed and the market cap for ROW is £300m, 5x the current market cap and takes the share price to 25p?
The market is waiting for more firm data and news to come in. We don't see sight of the bids but if these are in the double digits, it will translate into a bidding war.
Don't forget an outright deal being agreed before the deadline.
Agree Steward1
"In PARALLEL with developing a Plan to restructure the Group's capital structure, the company will ALSO run a marketing process in pursuit of a value maximizing transaction for the Group's assets, focused on proposals for the Group as a whole."
Yes, there is a C11 restructure with a number of proposals that need to be agreed with creditors but it is not withstanding a sale of the entire Group and one that can absolutely achieve a high bid and subsequently translate into a higher market cap of the current one which is just ~£60m.
The current market cap is £60m. One of the options is indeed D4E but that is not exclusive and certain.
If multiple bids come in, this stands a good chance of emerging from C11 if favourable terms can be agreed.
Not one of us on this BB has the foresight and certainty to call out what those terms will be.
For me, I stand by my position, this is a risky play but worth of an investment across a diverse portfolio and I believe many will be buying in, this week before they miss the boat.
This idea that many have that the debt has to be paid off right away if a takeover occurs is illogical.
The successful bidder will negotiate the debt, likely receive a discount and have it set over a period of time to pay until debt maturity.
If Vue have the backing of big funds and those with exposure to pensions or large capital, it is entirely possible we can see 50p/share.
Totally agree, LTHamigo.
There are some nasty individuals who post here.
We had Bonkers go on a tirade, yesterday and now Wellington has his knickers in a twist over a poster rightfully calling our they stocks do rally when interest of a buy out occurs.
Those who cast aspersions on others have just as much a motive as those they critique.
If investors want to keep optimistic, so be it.
Many will be acquiring shares even a small amount of 100,000 and deem this as a high risk investment but offset it with more low risk investments. What is it to them how others manage their risk exposure?
It bothers them because when this does rally, the shorters will be scrambling to acquire stock and a squeeze will take place.
I’m holding in my isa at a little over 3p and keeping my long open.
That is my prerogative and I don’t need a white knight to come along and offer help to dissuade me.
The 2023 movie line up looks amazing.
The superbowl ads showcased these alone.
https://youtu.be/PPYjsKLnLzg
These pound shop edgelords are so needy.
Does this mean GDR are going to be come incumbent supplier to the NHS?
What kind of value will the orders be?
Hundreds of millions?
“ Amazon has not formally announced the opening for the six-screen theater. CoStar News first reported in July that Amazon Studios had inked a 10-year lease at the property for a high-end motion picture theater, restaurant and bar and offices for its film production purposes.”
Could they be waiting for further announcements on their cinema strategy?
Speculative, but worth considering.
https://www.costar.com/article/884404192/streaming-giant-amazon-goes-back-to-the-future-with-its-first-traditional-movie-theater
Will Cine the same?
https://www.bloomberg.com/news/articles/2023-02-06/bed-bath-beyond-plans-share-sale-in-effort-to-avoid-bankruptcy
You are here, Deano beause you are exhibiting FOMO. At 45 years old, you should be man enough to admit that. So until you Boohoo or whatever other stock you are shilling comes good, you will pop in from time to time to remind everyone why this is a bad investment. Sound about right?
Giantsquid should stick to ramping Boohoo. If he doesn't see any value here, why is hanging around like a bad smell?
*Insert obligatory rocket emoji*
Both parties are mutual benefactors, further highlighting the importance of Cineworld's survival.
We must remind ourselves that Amazon have pledged to invest $1bn in theatrical releases this year starting with Affleck and Damon’s Air movie about the rise of Michael Jordan and the Nike collaboration.
Also streamers are losing massive amounts.
Disney $1.5bn last quarter
Universal Pea**** $1bn last quarter and forecast for $3bn loss this year
https://www.hollywoodreporter.com/business/business-news/comcast-earnings-nbcuniversal-pea****-loss-2022-1235309786/
Bids are coming and it will could become a bidding war.
I believe Amazon have an opportunity to be a serious bidder. As others have posted, Amazon plays all manner of movies. Their own Amazon Studios even showcases a cinema for their logo. They can use the locations for collection hubs and returns, too. Maybe a much needed physical retail presence as well, which has been lacking?
As for the sluggish recovery, domestic box office is 70% of 2019, I would say that is a positive sign and a step in the right direction. More so the news reported streaming numbers are declining and the honeymoon period is over.
2023: $570k
2019: $812k