Member Info for Specialonek

There will be short term opportunity for some here to make money as some have with the rise from below 2p.

The reality is longterm we are in a recession with higher interest rates, higher food prices, higher fuel prices, higher utility prices. The leisure businesses including cinema, restaurants, pubs will simply suffer because families will not have the finances to visit these places as often as before. This is why unless Cineworld can come up with some huge cost saving ideas and make cinema more affordable for their customers they are very unlikely to survive longterm. How will they cope with reduced footfall and reduced sales and increased heating bills whilst trying to pay off debt? I understand renegotiating with landlords will help but doubt that will be enough. Who will want to pump money into this longer term. Some of these sites where likely losing money even before Covid kicked in. This will be no different to Blockbuster a business that was no longer needed. It might be 12-24 months time it might be in next couple of months but it is a dinosaur and will unfortunately become extinct at some point.

Expect all the institutions to have sold down their holdings by COB tomorrow. Expect on Monday for the suspension and filing for Bankruptcy. Those in the know will be clearing their decks. There is less than a 1% chance of any company coming into to take this over. If you want anything back from thid do yourself a favour and sell before COB tomorrow.

Do you mean was predicted to be in profit next year, much higher electrical bills to cover, possibly gas bills to cover, higher staffing costs to cover, very likely reduced customer counts as families are squeezed on entertainment expenditure.

Tegop, total liabilities at end of December 2021 10.7billion dollars equivalent to £9billion. That is the reference I am referring too. I wonder which bank or institution is going to help with restructuring the companies finances based on all of the world economics at present. I am sure there are bean counters trying to come up with solutions that benefit themselves but higher overheads and lower customer counts and a squeeze on nearly every family is only going to reduce the turnover more and more. It is well overweight financially and it in the middle of a heart attack.

Tegop, total liabilities at end of December 2021 10.7billion dollars equivalent to £9billion. That is the reference I am referring too. I wonder which bank or institution is going to help with restructuring the companies finances based on all of the world economics at present. I am sure there are bean counters trying to come up with solutions that benefit themselves but higher overheads and lower customer counts and a squeeze on nearly every family is only going to reduce the turnover more and more. It is well overweight financially and it in the middle of a heart attack.

AJones you won't be here in 18 months time. It won't exit in 1 months time, be honest this is a lost cause unfortunately. There will be no white knight with £9billion pounds to clear the debt and reset the finances. It was going to happen you can not keep juggling finances over and over again. It is out of control due to all the factors mentioned. They might get a Mike Ashley type character offering a £1 for it once it is bankrupt and the debt written off but even those types simply asset strip by selling off any infrastructure they take ownership of. Shareholders would get zero back.

AJones, £4.5billion turnover is not going to cover the increased costs of interest payments, increased electricity and gas as well as staffing costs. They would need to increase what they charge customers by perhaps 20-30% and the reality the customers would not pay that. It is in trouble for all the reasons I stated 2 years ago plus the points made here making the situation even worse.

Specialonek

Posted in: CINE

Posts: 771

Price: 35.86

No Opinion

RE: 3x from here06 Aug 2020 15:11
The market has significantly changed IMHO. The exclusivity has reduced on films from cinema to home viewing. Covid could keep cinemas closed until November onwards even into next year. A lot of families will have now subscribed to Netflix/Amazon/Sky etc. The realisation of how expensive Cinema is to watching at home will have sunk in. Even when cinemas do open capacity will significantly reduce which in turn will make a lot of cinemas no longer viable. The world is changing and habits are changing. The need for cinema has significantly reduced and the same will apply with theatres unfortunately. This could easily go belly up or require a huge fund raise to keep it going in the short term very much like the airlines. This could easily be the next intu. Prediction 2 years ago, unfortunately it is now happening. Even if they can increase turnover back up to previous levels the debt pile and the hugely increased interest rates and over heads takes it back into losing money and no longer viable in its current form, simple economics

There is little opportunity for this to turn into a Phoenix. The debt is simply not manageable with the over heads. Lack of block buster films.
Lack of customers.
Huge rise in running costs especially electricity and gas going into the winter.
Higher interest rate payments.
This business is toast unfortunately.
Most of the same issues as Intu the shopping centres empire had before it folded.
The writing was on the wall during Covid with all the renegotiated debt.
This will go bankrupt and then the portfolio split up with the other limited cinema chains taking some sites but a lot of these cinemas will never reopen.
Some of you need a reality check this was always going to happen and I said as much along time ago.

Looking good

Point 3 happy days ahead.

The Company's focus for the remainder of 2022 will be on four key areas:

1 The growth of i3's Canadian business through the deployment of capital into its large proven undeveloped reserves base, operational excellence to improve uptime and field performance, and strategic upsizing in core areas;

2 Drilling an appraisal well at the Company's Serenity oil discovery in the UK to prove reserves and to guide future development plans;

3 Dividend distributions to its shareholders of up to 30% of free cash flow; and

4 Conducting its operations safely and in an environmentally secure manner.

Unreal RNS

Good to be back in the blue. Average at just over 10p and I hope those with much higher averages at least get their money back plus some more, fingers crossed peace returns.

Seems like you are stealing my name lol

Anything is possible

I have took a punt on this using some of my i3e profits. As noted if this hits home it could easily transform EOG in a similar way as i3e have been transformed over the last 12 months with their Canadian tie up.

This and I3e have done my portfolio a huge favour. I imagine 10p by the weekend and once as noted we should see 15p+ by end of March. 4 weeks to double your money.

I managed to buy through Primary Bid last night, these are going straight in my ISA for a long-term hold. Having bought shares previously through Primary Bid it is a good platform for companies to pretty much crowd fund. If not already registered I would highly recommend. Clearly holders before today will be a little miffed however when you need to raise a few hundred million for a takeover/acquisition you need to offer a decent potential growth and margin to those institutions willing to invest. I imagine this will be sat back over £8 within the next 7-10 days and will soon recover today's discounted share price. That gives those new investors the potential of 15-20% return mid term and likely 10% short term.

Magpies1862, It is very likely that both James and Glen have zero shares now.

Topped up, high risk high reward.