Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
https://finance.yahoo.com/quote/CNWGY?p=CNWGY&ncid=yahooproperties_peoplealso_km0o32z3jzm
0.01
Completely unsustainable and this is why is going BUST! Very well said - Bloomberg....Barry Norris, capital structure of cineworld is unsustainable, BOD paid themselves millions over the years....
Best case scenario for shareholders is a massive share delusion at 0.5-0.10 per share, billions of new shares and company is owned by lenders?
Cineworld Group plc (CNNWF) in US keeps selling, -22.55%
https://finance.yahoo.com/quote/CNNWF/
Funds, Institutions are selling because they know they will be diluted to oblivion, and it's a fact in RNS , black and white!
UK is holling up better than US Cine!? US Cineworld Group plc (CNNWF) -29.17%
https://finance.yahoo.com/quote/CNNWF/
IT's in black and white! The strategic options through which Cineworld may achieve its restructuring objectives include a possible voluntary Chapter 11 filing in the United States and associated ancillary proceedings in other jurisdictions as part of an orderly implementation process. Cineworld is in discussions with many of its major stakeholders including its secured lenders and their legal and financial advisers.
As previously announced, any deleveraging transaction would, however, result in very significant dilution of existing equity interests in Cineworld.
Aug 22 (Reuters) – Britain's Cineworld said on Monday it was considering options including a possible bankruptcy filing in the United States as the world's second-largest cinema chain operator by number of screens struggles with near term liquidity. ...
Here is a timeline of the company, which operates under the Cinema City, Picturehouse, Regal and Yes Planet brands, and its past and present struggles.
1995 Cineworld founded by Steve Wiener after he left his job as managing director of Warner Bros Europe
July 1996
First multiplex opens in Stevenage, England
October 2004
Private equity firm Blackstone buys Cineworld from consortium of investors including group's management
December 2004
Cineworld buys UGC's cinema operations in Britain and Ireland, becoming the second largest cinema operator in the UK
April 2007
Cineworld lists in London at 170 pence per share, valuing it at 241 million pounds ($285 million)
2009
Blackstone lowers shareholding in Cineworld to 20%
2010
Blackstone sells remaining stake in Cineworld for 205 pence per share
2012
Cineworld buys independent movie theatre operator Picturehouse for 47.3 million pounds
November 2013
Founder Wiener announces plans to step down after 18 years with Cineworld
January 2014
Cineworld becomes second largest cinema chain in Europe after it buys Poland-based Cinema City International's movie theatre business for 272 million pounds in cash. Cinema City holds 24.9% of Cineworld shares
December 2017
Cineworld agrees to buy larger U.S. peer Regal Entertainment for $3.6 billion in cash, creating world's second largest movie theatre operator
2018
Acquisition of Regal completed
December 2019 Cineworld announces plans to buy Canada's Cineplex for $1.65 billion in cash, valuing Cineplex at $2.1 billion including debt. Deal involves Cineworld seeking $2.3 billion in loans
March 2020
Cineworld's then largest shareholder Global City Theatres sells almost a third of its stake on worries over prospects during the COVID-19 pandemic
April 2020
Cineworld shuts all its 787 cinemas across 10 countries due to the pandemic, and starts talks with lenders for liquidity requirements
The Telegraph reports Cineworld lenders were exploring legal challenges to block takeover of Cineplex
June 2020
Cineworld abandons deal to buy Cineplex, citing breaches in the merger agreement
July 2020
Cineplex says it will sue Cineworld, seeking damages after Cineworld "wrongfully" scrapped deal; Cineworld plans counter-claim
Cineworld theatres reopen after virus-related restrictions start to ease
October 2020
Cineworld closes UK and U.S. movie theatres again
May 2021
Cineworld says UK reopening weekend topped expectations as animated comedy "Peter Rabbit 2" drew crowds after months of lockdown
September 2021
Cineworld says it will pay $170 million to Regal shareholders, who were disgruntled with takeover price
Decemb
Short sellers will need to cover, it's moving back up!
-57.08% in US trading morning session and UK -71.62% ???
https://finance.yahoo.com/quote/CNNWF/
Cineworld Group plc (CNNWF)
0.0500-0.0665 (-57.08%)
As of 09:57AM EDT. Market open.
Just shows that media are in bed with Hedge Funds, they will spin off all sort of speculation rubbish, and will take up their arses just for the right amount of $$$
Cineworld did responded: "We don’t have anything to add beyond the statement we made on Wednesday" a spokesperson for the company said.... hmmm
What the hell is going on today CINE and now Revolution Beauty Group PLC - REVB -40% at least they release RNS.
Just go by the official company RNS, media gets paid $$$ to talk things down, they are like a prostitute who pays the moneys they will get in bed with anyone even they will take up their arses for the $$$$
Disney could easily buy CINE at a discount, might see some hostile takeover?
JUST SET YOUR SELL ORDER VERY HIGH, short sellers will have to cover, buy back from you!
Hedge Funds just pay newspapers £100k to talk this down, they need to cover short bets! This has been normal practice for years! Just go with official company news RNS as per recent RNS, not newspaper, skynews "speculating" they got paid good dosh to talk rubbish! Official company RNS recent news is:..........................
In connection with these initiatives, the Group remains in active discussions with various stakeholders and is evaluating various strategic options to both obtain additional liquidity and potentially restructure its balance sheet through a comprehensive deleveraging transaction. Any deleveraging transaction will likely result in very significant dilution of existing equity interests in Cineworld.
The Group's business operations are expected to remain unaffected by these efforts and Cineworld expects to continue to meet its ongoing business counterparty obligations. Cineworld continues to welcome guests to its cinemas across its global markets as normal, without disruption.
A further announcement will be made if and when appropriate.
The Cineworld group operates in 10 countries with 9,500 screens across 787 sites, including 546 in the U.S., 128 in the U.K. and Ireland, 102 in Europe and 11 in Israel.
Cineworld is "considering for filing for bankruptcy" skynews is just got paid nice sum of money from the Hedge Funds to talk this down... Normal practice from the sharks whales etc...
Just set your sell orders very high, so short sellers need to cover, they need to buy the stock back from you!