Member Info for WolfofWarks

The problem is the quality of films. Pimped out franchises with no originality.

I’d love to see some numbers on the rise of box set binging vs movies.

Your broker has to pay you the dividends as you are the beneficial owner.

They cannot decide to keep them for themselves.

Also, in the likelihood the company could pay a dividend it would likely be out of sanctions and trading again anyway.

I very much doubt there UK government will let them pay a dividend while sanctioned.

"That if Cineworld files fchapter 11 they will no longer be on the hook for the 1.2 billion Canadian dollars Cineplex were awarded. "

That's not true is it? Chapter 11 will give Cineworld the chance to restructure their debts, The Cineplex claim is once of those debts.

Chapter 11 doesn't make your debts disappear, you have to come up with a package agreeable by your creditors that will be at the expense of current shareholders.

Penta - Your cash-flow analysis doesn't take into account all the rent deferments.

The answer is to look at all the information available profit and loss, balance sheet, cash flow along with analysing EBITDA, EBITDAl, FCF, etc.

I've looked at them all and am still of the opinion I reached 18 month or so ago that this is still fooked.

Even if you track back three years, etc, cinema has a lot more challenges with competition. Then factor in the current economic conditions regarding firstly the cost of living pressures but also due to macro economic conditions the complete undesirability of lending money to a failed cinema chain where all of the cash flows may appear at some point in the distant future. Stick that into a DCF and the computer will say no at today's more expensive cost of capital.

I’m at a 50% loss at the minute but I’m hoping the enlarged business drives this forward. Since the takeover announcement and all the regulatory heat this has been a disaster for me.

“ GS seemingly also think we will survive
Hence their buys on 24th
Misinformation is to the detriment of genuine holders”

Is this a deliberate oxymoron?

Hexam - at some point you have to make a call and cut and run. I excited all my growth stocks in January and it was the best call I’ve made, saved me a fortune and I’ve managed to turnaround this year’s loss. I took a hit but preserved my capital.

I was in ARB, TED, GGP, BOO as well as Draftkings and Shopify over in the US.

I doubt they could have pulled off a rights issue. It would have took a lot to convince the iis who are also behind the nearly 10% short.

At 10:1 dilution the current SP of 2p would dilute down to 0.18p.

So you would need x25 from there just to get to 4.5p.

Why would Disney buy this when all there investment is in streaming?

The light year film is already in Disney +.

Surely opening a short now would be the equivalent of getting spiked on a rise. You've missed the boat. I would have thought that would be why they are closing.

Look what happened to Vue's shareholders at the time though. The had to exit the company as part of the deal.

"Wolf, there isn’t much investment knowledge to gain here"

You're joking me right.

As for you're over question I've had a look back out of interest and the last time I had a position in Cineworld was a test CFD back in December 2020. Otherwise than that I was dipping in and out in the summer of 2020 with mixed success. My best buy was 46 and sell 56 - think that was on a Disney takeover rumour if I recall correctly.

It's quite interesting seeing how different my approach is now to then, all a learning curve I guess.

It's actually googling CINE how I ended up finding this place.

"Goldman Sachs swapped A listed shares for more B listed shares. Increased there holdings and voting percentages"

I can't see any differing classes of shares. The increase in voting % is following the purchase of a swap looking at the RNS.

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))

Type of financial instrument

Expiration date

Exercise/conversion period

Number of voting rights that may be acquired if the instrument is exercised/converted

% of voting rights

Securities Lending

Open

46535480

3.388271

Sub Total 8.B1

46535480

3.388271%

8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))

Type of financial instrument

Expiration date

Exercise/conversion period

Physical or cash settlement

Number of voting rights

% of voting rights

Swap

27-Oct-2022

Cash

2

0.000000

Sub Total 8.B2

2

0.000000%

"Likewise Wolf but you do seem to be determined to ram home the negatives on this stock at every opportunity (I know thinks are VERY bad). I can appreciate that you may just be using your knowledge and experience to try to warn those people of the seriousness of the situation who may seem a bit too casual about it but it feels a little overkill at times (albeit not quite as much as the tedious trolls that have flooded to the board with whatever motive they have)."

This my passion and I use experiences like this to research and build up my investing knowledge so not to make the same mistakes again. Nothing is more important than recognising and acting on a red flag, especially if you can catch it early and understanding the environment and also the industry a company is operating in. I've been stung a number of times myself and had had a pretty rough ride for the first half of the year, only just overturned by losses in the recent rally.

My current holdings are also quite sensible and safe so the boards are like ghost towns.

That's interesting so Goldmans have virtually sold all their actual holding but taken on a swap position that gives them just under 4% of thew voting rights.

I'm not going to pretend I understand how or why they have done this other than being some sort of hedge or play against the loss they have just crystallised by selling their holding.

When numbers geeks collide.

I’ve got the upmost respect for you mate and enjoy your posts on the boards we mutually frequent.

Poor’s a good chap as well. He just has a chronic gambling addiction!

Hexam - thinks are worse because the liabilities at the end of the last year are now falling due and they have haven’t got the money to pay them.

Net current asssts were £1bn short.

The point is poor there was a rescue plan out in place two years ago based on a post covid recovery which hasn’t materialised.

They could increase borrowing two years ago, I very much doubt that is an option this time hence the D4E swap and dilution.

It doesn’t matter what has happened in other companies as all situations are different.

If you are going to do a quick analysis on anything I would try the profit and loss account, balance sheet and cash flow statement as at 31/12/21 - it’s bad and things have likely got worse. The shorters have called this to perfection.

It’s is not a niche business it is a cinema mate.