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Https://www.proactiveinvestors.co.uk/companies/news/1018087/cineworld-administrators-expected-to-be-ushered-in-for-friday-matinee-1018087.html

Thanks - it was an interesting article but it also shows the strength of landlords in all of this which I hadn't considered

This article is interesting as it shows that even Landlords are considered to be shareholders. If this action is repeated globally, Cineworld will be in big trouble:

https://www.thearmchairtrader.com/cineworld-finds-flagship-4dx-site-boarded-up-by-landlord-report/

My personal view on this situation is that common sense will prevail

US stock is up 61%

FT Article: https://www.ft.com/content/b2507c4b-fc61-426a-8f55-d68750fed2cf

https://www.screendaily.com/news/curzon-confirms-interest-in-buying-rival-uk-chain-picturehouse-cinemas-exclusive/5180472.article

Can anyone let me know what the level of debt was pre-pandemic but after Regal acquisition?

It seems this will bounce back

Is a debt for equity swap better for shareholders than an outright sale can anyone confirm please? Is there dilution in both scenarios?

https://deadline.com/2023/02/regal-parent-cineworld-lenders-restructure-chapter-11-still-taking-third-party-bids-1235252511/

https://www.thisismoney.co.uk/money/markets/article-11687439/Creditors-call-Vue-buy-Cineworld.html?ito=native_share_article-nativemenubutton

https://www.sharecast.com/news/aim-bulletin/cppgroup-set-to-beat-expectations-as-it-exits-legacy-businesses--12022806.html

There was an impressive RNS last week I see which predicts better than expected profits

Impressive rise today - above 200p for the first time in a long time. Onwards and upwards !

Does anyone know why this is picking up today?

https://www.foxbusiness.com/economy/regal-cinemas-closing-39-us-movie-theaters-cineworld-bankruptcy-filing

Thank you for explaining that @HNS_77. If, however, there is a bidding war for Cineworld then surely that would be a good outcome for shareholders?

Please can someone explain to me how the sale of the group as a whole (excluding Cineworld) would result in a significant share dilution? Surely the point of any sale process is to maximise the valuation for the selling party i.e. Cineworld in this context and therefore shareholders or am I not understanding something here?

My personal view is that they are trying to gauge interest in their assets in order to buy time to get this company back on track. If all cinema's are in the same position as cinrworld financially then they will most likely struggle to find a buyer and will need to find a buyer from outside the theatre business altogether. My personal view is that if they fail to find a buyer then they can demonstrate to the judges that their plans are the best in town and they may get a stay of execution