Member Info for WolfofWarks

as we were

‘Nobody is saying the company will be saved by merely renegotiating/surrendering leases’

I don’t believe I was suggesting anyone was.

RI - you seem to have misunderstood me.

I'm saying Cinema is a cheap day out.

Jump In as a trampolining place that is very expensive in comparison.

The surrendered leases are marginal savings. Saving $20m here and there isn't going to turnaround the fortunes. The DIP is a lifeline, not an endless pot of money. CW themselves don't expect a return to pre pandemic admissions will 2024.

Hussartbr - I don't see how delay is good. Every day the C11 goes past the current cash projection is unfunded.

Avatar has done well, but it's the decent bread and butter stuff they need day in day out, not just ad hoc blockbusters.

If this C11 took that long they will have long run out of the DIP financing unless it's extended or there is a serious fluctuation from the initial projections.

'Cheap? It damn expensive.'

I took four of us to jump in over Christmas and it cost me £100, that's including a five year old. Then another £20 inside for some drinks.

My local Vue is £4.99 a ticket, even for Avatar, $7.49 for VIP.

The cost of living crisis might actually play into CW’s hands as well as a reasonably cheap form of entertainment for a whole family, especially if you take your own snacks.

Last time I tuned in he valued the company at $20bn ....

Well we know the group is up for sale so in that respect they are correct.

You have no idea if that’s true.

It’s seems to me RA went to great lengths to protect many of his assets but was happy to let Evraz fall by the wayside.

Is that because his position in it and it’s strategic importance to Putin is indefensible?

Re BP - knowing BP have all but written Rosneft off and it’s not really an asset they can keep why has there been no willing offers? After all you would think the Chinese could bag themselves a bargain.

The companies you have mentioned though are not majority controlled by Russian interests, which is the point of the sanctions. So you’re not comparing apples with apples.

As for BP they have all but written off their stake in Rosneft and removed themselves from the board meaning they are exercising no control over the company. They are in a hard place because if there was a willing buyer for the stake they would be accused of cashing in. Not participating is about all they can do.

ROW can still be sold though, it's just that those particular companies are not included in the C11. The DIP loans actually cleared around $300m of ROW debt so that part of the business is actually debt free already.

Hi RI - the retention of ROW is only a theory at this point. Those companies are an asset of CW plc (albeit not included in the C11) but could also be sold.

Do they have a controlling holding? How they got close links with Putin like RA has? Remember Putin sent him in the early stages of the war to broker with the Ukranians?

Evraz cannot decide to pay only some of its shareholders. Shares rank 'parri passu' which basically means equally.

I would be amazon if the holding company will be allowed to declare a dividend while in sanctions and even if it did I would imagine it would be blocked.

If you look to the last trading update it's mentioned that the sanctions are having a major impact on the business so if they are struggling to transact the normal course of business it's highly unlikely they could put a dividend through even if they can afford it.

Remember Evraz still has to play by the rules if they ever want to use the international markets again once this is all over.

Is Polymetal majority controlled by close allies of Putin though?

That’s your problem here.

Isn’t the beauty of Glen is that we have a trading desk trading the futures as well?

Opulentia - Evraz is a Russian owned overseas asset …

Any payment will potentially get flagged by a Uk bank and blocked.

I’ve actually had experience of this recently from a customer in the UK who wasn’t even Russian but somewhere above in their corporate/banking structure was linked by the bank to monies from a sanctioned entity.

The problem I have with Ian if for three months now almost everything he has ever said has been complete boll ocks.

He told us the $1bn DIP loan was illegal, he told us HSBC and Bank of Israel were the biggest lenders, he’s now telling us they have first lien. At one point he was telling the whole company was going to be sold over the course of a weekend.