Member Info for WolfofWarks

I think you would need to run some analysis on the financials to make that that assessment. It might be a rich person's vanity project.

These space companies burn through cash and don't seem to make any money.

Surely people aren’t forward buying homes as far as 2025. If you buy a home from persimmon they usually knock them up pretty quickly. I was one of the first houses on my persimmon development and from it being a field to moving in was about four months. That was with no mortgage or legal hold ups.

The problem for men is that if you live outside a city centre there isn’t anywhere to shop now. Birmingham is nearest for me but the thought of traipsing round brum on a Saturday afternoon clothes shopping is completely unappealing.

The reported deal was for CP shares plus debt - so they would walk away with a stake in CP, loan notes plus whatever control they will have over the rest of CINE.

Cineplex are an unsecured creditor so they are way down the queue.

I still think they could do a deal with the secured creditors and walk away with regal in a merger between CP and Regal.

Yeah I guess until you get to say the knock out staged or the champions league there is probably not much interest.

I do know one thing though young folk don’t spend all their days in the pub like folk used to when I was in my late teens and 20’s.

Not too sure how effective the seating would be with a boisterous crowd who most likely would want to be drinking.

I’d like to be pointed to this illustrious research. All these secretive hedge funds and high financiers showing all their detailed investment plans with Ian off the internet.

Problem is most of the general public are thick as s hit. Voting for brexit to get rid of all the Eastern Europeans is like closing the stable door after the horse has bolted.

Recruitment is very difficult at the moment as a result.

I’m interested in the showing of sporting events - whether there is a decent take up in the large cities and whether this could be a viable source of revenue going forward.

Any evidence to back up your usual piffle?

It’s the picking over of a carcass.

Strange reaction by the market today.

Melvin capital was a freak occurrence caused by the meme craze, not the norm. Absolutely ridiculous example to back up a point.

I think shorters are probably not day traders and view the long term prospects (or lack of) of a company.

In summary the loans used to finance the company during COVID come with some real strict conditions attached which had stopped CINE being attractive to other lenders. This is called the priming facility.

In order for CINE to have any hope of refinancing he debt the priming facility needs to be repaid which is what $1bn of the DIP loan has been earmarked for. Otherwise they would have only needed the $785m.

It’s all around jostling for liens and rights to repayment in the event of a default.

The article actually suggests they could be potential buyers.

I don't really know what to make of it to be honest. I wouldn't have thought the ROW would be the most profitable part of the business so it would be like grabbing scraps from the table and allow them to slope off into the sunset.

I think it end up in a proper shafting for shareholders though.

That's an interesting development if true.

So if I'm reading this correctly the family could purchase the ROW business debt free.

On the last update I found it unusual that BH has chosen to fully draw down the revolving facility. I've worked with these before and they are quite flexible and you are charged interest on the amount drawn down and then a non-utilisation fee on the reminder. I can't quite understand the logic of drawing it down in full if not needed.

I mentioned a few weeks ago that ASOS had been heavily discounting above the norm - I had 30% off vouchers two weeks in a row. Don't think the signs are that good - once the credit insurers raise questions over suppliers exposure the ultimate result on ASOS will be tighter credit terms, less discount/rebate, and maybe even pro forma payments which will squeeze their cashflow further.

It's the US version of an administration. They both basically give the company breathing space while trying to put together a rescue package. The main difference is that in the UK the directors lose control of the company while in the US the directors have some oversight but under supervision of the courts.

Hi Imulhare - I'm pretty sure if a large hedge fund goes short the fee they pay will be between them and their broker. The website you are using there is monitoring shares to borrow from interactive brokers. It's not representative of what professional investors would pay.

Out of interest where do you receive your data on the quarterly performance of shorters? Most hedgefunds are secretive right so their information is not readily available to Joe Public. A short position is opened by borrowing the shares and selling them? My guess is they probably invest this money elsewhere while the short is playing out so I don't think your theory stacks up in practice.