Member Info for Tegop

If you have not bought cineworld before. And you are brought here by the headlines. Will you buy cine shares?

Old news.

You will be hard pressed to find good news on cine. There has been no ounce of good news for the last 100 days at least. You can ask the rest of the lth.

This was my thesis 2 weeks ago. Cine is down 87% from aforementioned date.

Ahhh settlement. I've heard that word before. But unless a joint RNS is issued with a cancelled court date, its just a pipedream.

Within a few weeks? According to wsj. We are 7 days in from the 17 Aug RNS.

Which RNS did they say that, JohnNth?

The market has priced in Bankruptcy and full liquidation. Anything less is a risk premium to anyone who holds/buys.

As these posters have been so kindly spending their time telling us, this stock will be suspended last monday when market opens. Oh wait.

Youtube, amazon prime, and sky, seems to have a Rent service where you pay a price so you can stream a certain movie at home.

In some areas it will be cheaper to buy a cinema ticket than to rent that movie online especially if it is just one person watching the said movie.

That was the plan on Nov 2020 when they got out by borrowing I think 500M. I was thinking the lenders will give waiver and ride this out, while plex case gets to a reasonable conclusion.

But here we are.

Same as you, i have very expensive tickets. Might as well watch the full show.

I meant they would have needed 1/8thr number of shares as today to reach the same cash amount.

Again with the mystery of why cine delayed the earnings which should have been 2nd week Aug. Followed by the absolute lack of updates for 3 full months. Then releasing the RNS on 17 Aug scaring the shareholders into dropping the market cap even further. Hell, if they diluted at 20p they will have had to print 8x fewer shares to dilute.

What about the rest of the II's? Do you speak for them as well?

I am using my phone so i can't open the RNS tab at the same time to get the exact dates. This is like correcting someone for spelling. Did it change number of weeks? No need to be so sour.

Specialonek

You need to separate the lease liabilities(rent) from the debt. They are an ongoing cost, not a debt. There is a variety/yahoo article with a more accurate debt figure.

We will see in the next 2 weeks if anyone is interested on lending to Cine, but that is not your decision to make. Neither is it mine.

Either way, as you were saying, everyone has priced in suspension and full liquidation. If anything slightly less comes up the chain, this will bounce. If not, then it was long overdue.

Why 9Billion?. Please at least get your numbers right. CINE has ~5B debt. 70% of which is the regal purchase. The rest is the pandemic. Another 1B unsecured debt from the plex fiasco.

CINE does not need to remove all debt. only to deleverage and manage the debt without pulling the plug. "Bankruptcy protection"

I have watched 1 movie from netflix in the last 3 months. That's the gray man. Completely mediocre and predictable. Same with red notice. The last thing i watched prior. Inane plot twists and lacklustre writing. I unsubbed from prime.

The problem with streaming is while you are getting everything, you are also paying for everything. Do i enjoy paying 3 months of netflix to watch 1 movie in total? No. I have a library of movies and series I can barely find entertaining.

The first WSJ articles mentioned cine as preparing to declare chapter11 bankruptcy in the next weeks.

We must accept that unless lenders give cine another boost, cine will proceed with it. What the 'deleverageing transaction' that will significantly dilute shareholder equity is still up in the air. Unlike what everyone here is saying there is no mention of full liquidation.

We are 10 days from the 15 Aug RNS which dropped this share from 20p to 12p. And that WSJ article was on 18 Aug. So we are at least a week forward on both dates. Let's not get ahead of ourselves until curtain call.

Time will tell.

You contradicted yourself mid sentence. Bankruptcy is priced in but is not declared. It is an option and and a rumour.

I asked you a simple question and you jumped around it.