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I remember in march earnings they said q4 was cash flow positive. This summer dwarfed that revenue.

I was thinking cine was cash flow positive since march.

You sound like a business genius. You should run a cinema chain. Make it sound global.

Like cine-planet.

@squid

Try to read more than the first sentence of the posts.

Not really, im at work.

I'm grasping straws at the moment but I think this can still turn around. There is no mention of earnings report which should have been this month if it was not delayed to september.

They mentioned the previously disclosed methods of cost saving and enhancing liquidity is/was insufficient to relieve liquidity issues for these quieter months. I.e another small loss for h1?

But what are the new deleverageing transactions that could cause significant reduction in equity interest?

What's the gist then? Did they sell on the news knowing ahead of time they will make this kind of trading update? That would be illegal.

The last trading update was on nov 2021. Telling us admissions on october for uk&I are higher than 2019 levels.

After that, there was no other trading update. Even after the stellar boxoffice from march to july.

It looks like cine can decide to hype up or fud their own shares at will without concern for private investors.

Mooky will need majority shareholder vote to dilute or 2/3 for debt to equity swap. Both are not doable with the sp. Or the vote count for that matter. Mooky and israel have 35% ownership combined.

I think mooky has killed the idea of synergies that Barbara flouted to give Plex a cheque worth 1.2B on CINE'S behalf. It is obvious that the proposal for the buyout was not a liability by cine to give plex money, but a plan to make money. The current situation proves that not cine, plex, amc, or anyone else prints money on a quoted amount.

Barbara's judgment of giving synergies as damages should be thrown out the window the first day of the appeal.

Black adam oct 21.

Spiderman was enough to save december. It is not a long shot for cash flow positive q4.

There are bloomberg estimates for cinema as a whole. Look them up.

Streaming is turning into cable tv. Disney+, netflix and amazon are losing money just to earn market share and spending big on movies to just get pirated day 1. The viewing experience is also sub par compared to cinema.

As Adam Aron puts it "People have kitchens but they still go to restaurants."

Mixing up earnings and revenue. Sounds awfully familiar. He did say expected interest payment is going to be 240m. Is this accurate?

It still baffles me how CINE is actively trying to tank the SP of its own stock.

Both their silence and when the release RNS, It is like they are intentionally sending down signals.

There was no trading update, no rns, from mid may up to late july when admissions have risen to near 2019 levels. EMAN, AMC, even VUE set upbeat messages to shareholders to calm them down. Cine was completely silent.

End of june shareholders were expecting rns on covenant test, they refused to send any update. They delayed reporting earnings from aug to sept. They refused to give update on regal dissenting shareholders even if payment is already on an escrow.

They waited for admissions to drop and lineup to thin down before deciding to say "admissions are down and cinema lineup is thin".

And then they spun this RNS into the most scary and ambiguous way they can make it. If they will dilute. Why not dilute at 120p, 60p, or even 30p? Why drop the SP TO 8P THEN DILUTE?

It is as if they are working against shareholders' value and towards a different purpose.

I am down neck deep but i am not worried. I was down more in gamestop and came out with ahead. I will decide next week if my thesis has changed.

For now ** grabs popcorn.

*unmanageable.

Did you not read the RNS?

Just someone bitter who can't let go of taking losses. He probably kept taking losses on his other picks so he comes here to lick his wounds.

I think you missed the joke. But you clearly miss a lot of posts here.
Carry on towards the BB you are invested in please. There is nothing to see here.

Also calm down a bit. If you're losing your shirt so easily you may need to reconsider your risk appetite.

Did you open your short?

Also you still haven't mentioned cine's debt.

There is 2 million volume. Total share count is 1.3B. float is 850M. Nobody wants to buy or sell atm.

Selling the claim means even plex does not expect the full damages to be paid and wants another party to take the risk at the cost of some of the benefit.

The risk includes losing the court case. They might as well tell their legal team they don't trust them.

I don't think we have put enough emphasis on the amount of debt this company has. Can another uninvested poster start a third thread just to make a point?

/S

Big debt is normal for cinema companies. Cine's debt is normal relative to its peers. You are also quoting a misinformed debt figure.