Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
I regret not buying more, my order at 2.2 was not filled yesterday. Knew I had to raise the bar but was influenced by ocean who promised 0p. Just joking. :D
Hello Wolf,
you seem to be quite convinced that d4e is the only outcome of C11. However, the d4e amount is not so easy to estimate as it depends whether or not the lenders want equity. Think about it, if you were after interest % on a huge loan, in the event of d4e you would be able to get your investment back at best and no interest would be paid. Then you're in a very high risk stock so I can't see them holding on to their shares. Wouldn't it be better for the lenders to let CW carry on and get the loan paid + interest, say in 5 years or so.
Well, I'm hoping it's not that unrealistic considering the pace at which the SP came down. Say, the full year guidance would be met and with new permits at hand - £1 is still a bargain.
@Jtan and @jedclampit you don't understand what dilution means in the rns. This has been discussed many times on this forum and should be viewed in terms of the valuation of the new company. It has nothing to do with the rights issue and adding more shares to the existing cine stock.
Great! Bring it on. The ratio wouldn't be anywhere near as pessimistic as when the SP is factoring in a complete wipe-out. It can only go up on dilution.
10% rise is good to see but we're still somewhere around a "fire sale" price. I hope those permits will lift the SP to at least £1 given the current recession. It would then open the road to 1.40 - 1.50.
what's so special about 2.36 level? It seems to be holding like a rock.
"Could see this sub a quid."
Never.
"Any of these will deliver substantial increase to SP"
Intuition tells me that a U-turn is only possible if the SP becomes 80+ which would result in Capricorn IIs getting their target 300p after the merger. My issue is that I don't trust the Capricorn BoD and I don't want their executives nowhere near Tullow.
Rahul needs to do something quickly before the SP is in the 20s.
@Andy111, "I do not have full information but the article suggests that it is possible for the founders to take out some parts of the group because the lenders to those parts have consented. "
At the beginning of the process Cineworld planned to repay ROW debt in full utilising the DIP facility. Maybe they've already done it. Eastern European cinemas have never been part of Ch.11 and the shareholders own this part too!
I don't see why lenders would be interested in Cineworld's liquidation. Over the last couple of years Cineworld had to make a massive pay out every 3 months and it was hurting the business. They've realised that there's no way forward and started this restructuring to improve the balance sheet such that the lenders will get their money back following a predictable and systematic schedule that won't hurt the cash flow required for operating the business. By the looks of it, our creditors are not interested in equity at all but only care about interest rates and that loans can be paid back.
@Tegop, meaning there's a time factor but at 110% it's costing shorters 0.23p/month. One has to be very confident that the current shares will become worthless and they can hardly afford to keep the short position until February (C11 exit).
it's unclear whether or not the shareholders would be asked to vote (even though the CNE board no longer recommends the merger). I don't see any other reason why we're still getting bombarded by rns forms.
why would someone borrow when the fee exceeds 100%? Say, you've borrowed cineworld stock and sold it at 2.5 (let's round it up for simplicity), the borrowing fee is 110% which translates into 2.75p and even if the current shares become completely worthless you won't need to return any shares but the borrowing fee is still there so what's in it for you?
https://twitter.com/AmericanLawyer/status/1580306103560130561?s=20&t=q0ePO2T-MBGhcmMHsKKcaA
that deal had to be done to save TLW, all imv. Plus there's a "country factor" with Uganda so no hard feelings.
The SP performance was disappointing when it couldn't hold on to 60p in April and now we're in a fire sale territory. You could blame it on low confidence among investors and economic recession but TLW's strategy has to be questioned. I don't remember the last time we had good news that lifted the SP, probably the Uganda deal with Total. Back then it was obvious that we'll need to up the production when oil prices recover. Two years later the oil price is in the region of $100 and TLW is unable to capitalise on that.
overreaction, there's absolutely nothing in the trading update to support this 20% drop.
"What are your thoughts?" - I really feel sorry for the IR team that they have to deal with emails such as that one.