Member Info for WolfofWarks

Poor - why would CP take on any of CWs debt? They will simply give the lenders CP equity and debt for the stake in the combined entity. If true it’s a merger of CP and Regal not CP and CW.

How does CW fair without the US operation with regards to the recovery plan? I’d assume a fair bit of the debt and maybe the CP appeal fall away if this was to succeed.

Or is this about saving the US business and to hell with the rest?

This is the start of the picking over the carcuss.

I don't see how this will benefit current CW shareholders. The jewel in the crown being offloaded in a merger where the majority of the benefits would accrue to the lenders, that's if the lenders even want to take on more cinema related debt. Just shows you how much power Mooky and Co have now if there is any truth behind this.

The interesting dynamic here is what would happen to the CP appeal. I'd be interested in Quiggers view here. Could CP swipe Regal and then have the appeal be the final nail in the coffin for CW?

Haha I can assure you a complete coincidence, I’m not following you around and pressing my nose against windows.

I’ve not been to Grimsby. I have seen the Baron Sacha Cohen film though.

By buying the shares back though they are returning capital back to the people who sold them, if that makes sense.

I think under the current macro it’s hard to tell whether or not the buy back has had any affect or not.

Looking good for a top up now that’s for sure.

ROW debt is $271m, the rights of which will accrue to the DIP lenders.

“Wolf

Why you mention Grimsby???
Question, not a criticism”

It was the first place that came into my head.

Yeah I thought that was the case. I deal with companies springing back up under a different guise quite regularly in my work. I just know that sometimes when you are dealing with groups thinks can be a little less obvious at times.

Part of his research was visiting the Oxford street store and seeing how busy it was …..

Okay mate but how is the Grimsby store fairing!

I want him back now. He pretty much cured my boredom during my Xmas covid isolation!

What about the legendary £1 six pack of bath bombs and 35p lipstick.

His wife was a lucky lady that’s for sure.

If you look at docket 413 the dip lenders are objecting to Cineplex’s request. I can’t quite get my head around this as to what’s in their best interest.

Quiggers - if the D4E goes down the Newco route what happens to the CP claim? Assuming the old old entity would be wound down and the new company starts afresh?

My favourite post of Kallu's was when he listed all the things that made him so incredible. he was like work two hours a day, tw children in Oxford, paid to teach people to invest, etc, etc.

His beloved ABF didnt come into fruition. He got a few things right here but I would say that's more to do with the macro than him being any kind of genius.

Well when they come to work out the restructured balance sheet and who owns what the existing shareholders will want the highest value and the DIP lenders will want the lowest. The question is who wins out.

With regards to other C11's like anything in life always take the best and worst examples, those that are polarised and ignore them. Have a look at the ones if the middle and in particular what happened to the existing share holders at the time. That is, no point looking at Enron - it was a huge accounting fraud. Same with Lehman brothers - first casualty of the banking crisis. I don't think I have mentioned any of those examples btw. I've mentioned Hertz (because of the meme connection) and Vue because it's in the same situation, industry, etc, - albeit not a chapter 11.

Anyway, like you say been done to death and I'm trying to get a head start on a busy week at week.

That’s works as the Goldman sachs % looks bang up to date.

What % did the Chinese investor have?

If there were signs Newco was undervalued I’d probably have a punt. I’m still not convinced on the story going forward. However with a decent yield it could be a good value stock imo.

No! I’m going to but my second tranche of Watches of Switzerland and think and have a top up on M & G.

My PF is very dull at the moment. Had five dividends come through this month though so every cloud!

Yeah they’ll be screwing you on the spread. IG goes down to £3 after I think it’s £3 a month.

Just transferred some money into my account for my monthly purchase.

Going to see what happens this week and find the best time to strike.

Just thinking with your large value trades you might have some leverage but do they charge the same £12 regardless?

I’m with IG. I’ve seen some coverage on HL about them doing sweetener deals when people with reasonably large portfolios try snd leave - might be worth a go.

https://www.investorschronicle.co.uk/managing-your-money/2022/09/06/is-hargreaves-offering-a-fair-deal/

Poor - the site does look accurate (thanks Jeff). Just cross redefined some of the data - 2.77% for GS agrees to the latest RNS. The 7.67% for HL tallies with the FT insti listing although they could be pulling from the same refinitiv data.

I’m 95% certain that is not a direct holding by HSBC though, purely on the basis that it’s made by their private arm in Luxembourg (tax haven for the beneficial owner), and the FT doesn’t have it listed as an insti holding. Which begs the question who is behind it and why have they not been mentioned in any of the papers, media coverage, etc, etc, so far.