Member Info for RS2002

I just bought in, yesterday at 19p. The fact Yuri is here delights me. He is part of a crew and when he comes attempting to push FUD, it is a sign of desperation from whatever small time fund he and his boiler room buddies operate from, and a great buy signal.

The property estate HMO hold is worth billions and from memory the LTV is 50%, they must have assets worth £4bn, so even looking at a fire sale (Yuri loves this scenario), the share price is disconnected from NAV.

I believe it is far too premature to be discussing payment plans.

The appeal is citing that the majority of the award has incorrectly allocated loss of synergies for the seller (CINEPLEX). They were never recognised as a collaborator with Cineworld, post take over.

Right now, many believe lenders have waived the debt covenant test. We will retrieve confirmation in September. Cineworld right now have 2 x sets of debt maturity tracking their respective dates which is the priority and I believe given the maturity dates and the recovery we are witnessing so far, should be able to pay them. Keep the dividend suspended and use the funds to pay for them when they mature.

- On 30 June 2020 the Group secured a $250.0m private placement debt facility with a maturity of June 2023

- July 2021 the Group agreed the terms of a further term loan facility of $200.0m with a maturity of May 2024

You're here Jtan because you are nursing big losses in aviation right? The crippling cost of fuel, short staff, chaos at the airports and cancellations after cancellations has more looking at domestic stay out of the home experiences. Do you think your de-ramping will have any effect? The share is at the mercy of Market Makers in the mean time, investors are loading up. Keep standing on the sideline attempting to shout this down. It will be futile as resistance at 17p was hit and it has very clearly found a bottom.

There was a very small volume of shares traded today.

# Trades 868
Vol. Sold 3,199,906
Sold Value £587,279.65
Vol. Bought 2,080,564
Bought Value £384,031.40

So consider, 5.2m shares were traded.

We know there are 1,371m shares in issue of which just 27% are retail held. The other 73% are insider and institutional owned. I have not seen any TR1 issued since one fund reduced their holding 8%.

So today, appreciating that retail has access to 370m shares (27% of the total issued), just 1.4% of retail shares were traded.

It really is negligible.

The share price is being driven down by algo trades from Market Makers as the funds continue their sell off.

The patient investor needs to remind themselves, this is a company that has 45,000 employees is essential for the movie industry eco system and needs to service debt which lenders won’t want to surrender and default on when the business model is proving it is very much recovering.

Keep exercising patience and worry not about FUD pushers. If 15p comes, I’ll be buying.

Don’t waste your time here. Stick to ramping and nursing losses against Jet2.

Both concerns are mutually exclusive. If the business model remains intact, demonstrating continued growth, fully recovery and then for 2024, to exceed 2019 box office admissions, why would any lender default on debt which has a maturity of 2024?

Any more illogical and desperate questions?

Great quote and I endorse your comment, Wellington99.

Right now, we are in a bear market but this is not Cineworld's first rodeo.

We can establish there is no existential crisis for the cinema business - the recovery is there to see and it has been stated before, summer months establishes 40% of revenue. June has been stellar and Covid is no longer the principal threat to the business model. It is the unenforced judgement that was formed of synergy losses (in their entirety) to be paid to the seller as an upfront amount. This will be tied up in arbitration so for now, investors need to take a back seat. Exercise good judgement, buy/hold and have re-assurances that 73% of the shares are held by insiders and institutional holders.

Very true, Bonkers. Operating leases do not register on a credit report as a loan/debt.

The global movie business is worth hundreds of billions.

CINE with its $5bn net debt is miniscule when you consider it is fundamental to the entire eco system as the largest exhibitioner.

I liked your earlier post - this is a recovery play. Take a stake, sit back and exercise patience.

Glad no genuine posters are entraining the circle jerk going on between the day traders who were pushing FUD yesterday, now ramping an RNS due today.
What a desperate way to make a living. How these bottom feeders sleep at night, I will never know. I doubt any of them have any sense of self worth.

MF inflating the debt again and factoring future leasing costs which are not requested upfront.

As posted before:

1. Debt stands at $5bn (pre-IRFS16)
2. ~70% of the debt ($3.5bn) was there pre-covid and pre-cineplex
3. CINE was returning profit pre covid YoY
4. Share price has the bad news factored in and as others have posted, recovery is in play

“One aspect of the business that still worries me, though, is the debt pile. This stands at around $9bn and the firm only has a cash balance of $350m. This debt needs to fall if the company is going to perform well over the long term. I’ll be closely watching this figure in the coming months.”

What is $200m between commentators? :-)

17p - I managed to aquire. Did anyone else?

JP Morgan have re-iterated a 40p so there is a potential 235% increase to be had.

That is Canadian dollars. I believe, AllKap was referring to USD.

We need to accept that Cineworld need to play the damsel in distress. They are in arbitration with Cinemark after all (lol) oops, I mean Cineplex. I am continuing to buy and holding a significant amount now, more than my TUI holding which is 50% down at the moment.

Go by your own risk appetite and always remember to only invest what you can afford to lose.

I am subscribing to the tired proverb from Buffett, Be Greedy When Others are Fearful.

The market knows that:

05-Jul-22 JP Morgan Cazenove Neutral 40.00 40.00 Reiteration

The share price does not impact current business performance. So it can drop lower but the cinemas will remain open, the movies will continue playing and the popcorn and drinks will still be selling.

The price drop is extreme but then the BoE has reported that economic outlook has deteriorated for the U.K. This is known. All sectors are down and we are seeing energy inflation and macro market conditions driving us down more than some.

The same posters keep on harping on about debt.

All companies have debt it is ultimately how it is managed.

It has been posted several times, either these posters are forgetful or deliberate in ignoring that Cineworld’s current net debt (pre-IRFS 16) stands at $5bn (this excludes future lease liabilities) as opposed to the often $8bn (post-IRFS 16) that is usually touted by the doom spreaders.

The current debt makeup has 68% of it formed from the acquisition from the 2018 Regal takeover ($3.4b) which was pre Covid and pre Cineplex judgement. Yes, debt has gone up $1.6bn but over a pandemic where business was shut down this was entirely expected.

Investors should ask themselves, why are these doom spreaders wasting their time here pushing FUD?

1. Short positions?
2. Talk down the share hoping their other abysmal investments like Boohoo come good so they can take a position as Q2 is certainly going to be a strong recovery and leading to October where many believe the appeal to be successful entirely or even partially which the market will respond to well. All the time this and other equities await macro conditions to improve, specifically Russia/Ukraine.

Right now, it no longer matters what the share price is.

Reason?

1. It remaining surpressed defeats any prospect of dilution/capital raising to pay off debt or creditors
2. Box office recovery is very clear. Q2 appears to be performing exceptionally and bodes well for a full box office recovery by 2023.
3. Recessions and economic down periods have always done well historically for cinemas - the out of home experience for a family of four at a cost of £9-10 per head is exceptional value. Family Ticket (x4) is £26 and then you for £13.90 you can get a Family Special which includes 2 x Munchboxes, 1 x Regular Popcorn & 2 x Regular Soft Drink. Total outlay £39.90 (per head <£10). Then you consider peak demographics of 15-24 year olds living with their parents and minimal costs, they will have a desire to socialise out of the home and cinemas are a perfect venue which parents are comfortable with having their children attend.

We can peddle the same old replies on this board until the cows come home, the bottom line is, the current share price represents great value for a diversified portfolio.

Squib, you’re deluded.

1. You shill Boohoo all the time. A check at your post history sees this. You ramp it with plenty of hopium. It has dropped 52% year to date.

2. Boohoo’s all time high was 413p, it is now 56p, a drop of 86% from highs.

Stop deluding yourself.

You spend time here because all your capital is tied up in Boohoo and other shares which you won’t acknowledge is due to macro market conditions. You spend time here because you are emotionally attached to Cinrworld as you hope it remains suppressed until a time you can make a stake. A typical day trader who will peddle nonsense on boards.