Member Info for Wellington99

77blackbridge
Is now Number 44.

Bye bye! *waves*

@Bonkers - but he already has #44 in his moniker!

@antmoss44 & @Bonkers0801
Perhaps I should call you #44 & #45? ;-)

@KTP
Just filter them - I have 43 in my filter box and it makes life so much better!

Cineworld's approach reminds me of a wily old accountant called Sunil. When I was working at a company that was going through a hard time and running out of cash we had several winding up orders served against us and the threat of debt collectors turning up at the offices to take some assets to sell.
Sunil's answer? If they turn up just wave your hand at all the equipment and say it's leased! They can't foreclose on something owned by someone else.

That article is spectacularly poor quality.
Gets the whole thing backwards and over counts the "debt pile"
Cineworld's appeal would reduce the damages, Cineplex's cross appeal would seek to increase them!
I agree with the conclusionbut for very different reasons.

Weird - his original post isn't showing up.
IIRC although he got his Cine timing right, I think he took a bath on Harbour Energy, so bear that in mind.

@FunInvestor
I think you'll find that they were right and the Judge was wrong. ;-)

@Bigtrader_CD2021
@FunInvestor
There is so much low grade nonsense on this board, I have to say:
"I salute your courage, your strength your indefatigability"
;-)

@Onlyonewhufc
It's January.
March hasn't happened yet.
The market was looking to see if the language was becoming more Dovish, as it would seem that the Fed is tightening into a slowdown, but it wasn't.

@latpulldown
*Narrator's Voice*
'No one in the industry expected rates to go up at this meeting'

@Fun
It is tedious that people don't understand that it is entirely appropriate to have a mixed capital structure of differing types of debt and equity.
The question here, which has never been sensibly debated on this BB as far as I can remember, is whether the underlying business will return to profitability/ growth fast enough and of sufficient scale to cover losses incurred over the last couple of years and thus get back to a sustainable position whereby the business is adequately capitalised and all suppliers of capital are rewarded for their investment via interest/ dividends and meeting liabilities/ refinancings when they fall due.

People talk about the Cine rocket, which is an appropriate analogy if one considers the underlying business being the thrusters. Will they provide enough fuel and force fast enough for Cineworld to escape the clutches of gravity and thus fly off into outer space or will they be found wanting ending up with it falling back to Earth?

@crumpets
Most of the £2+ club closed out in March/ April 2020
They built their stake when Cineworld were overgearing themselves in advance of the Cineplex transaction, but got very lucky with Covid!
https://shorttracker.co.uk/company/GB00B15FWH70/
There may be a few who didn't, but I can't be bothered to go through line by line to work out the exact positions, but I would guess around 80p is the average.
It's also worth mentioning that their short position may be part of a risk arbitrage for a much larger more complex transaction.

Plunge Protection Team.
It works every time.
Until it doesn't.

Perhaps word has got out that they are planning another Capital Markets Day?

@iTraderx3m
Yup - that's why Joe Rogan keeps his shows to no more than 5 minutes.
Clown.

I would also have added my support to @FunInvestor, but after having read the unfiltered post, I feel that there is no need to, as it would only be in response to some idiocy by @Rusclegg87.
As your mother would have taught you, never argue with fools or drunks.

@OhhAhhCantona
Thanks for trying and for reporting back.
Am sure an analyst at one of the banks would get a response straight away.
Us poor smucks who actually own the company?
We can do one.

@Bonkers0801
I'm afraid I don't know what latitude the Ontario Court of Appeal has on such matters and how enforceable that would be in the English Courts. It's just a very large sum of money with lots of question marks around it! Hence the hope for some more clarity on the Annual Report and Accounts