Its irrelevant what you think the headline should read or think Cineworld should pay, if Cineplex want compensation the easiest and fastest option is to agree to a settlement, instead of waiting ages and possibly ending up with nothing.
To paint this as a good thing is ludicrous!
This is a company with a track record of poor management decisions, loaded with debt, involved in major law suits, in a dying industry with no IP or moat. What headline would you suggest for all of that?
This is a company with a track record of poor management decisions, loaded with debt, involved in major law suits, in a dying industry with no IP or moat.
Question is do I sell what I actually have left or wait for shit to happen
I donât know what the stock will do tomorrow, next week or next month but do feel confident in my opinion that bankruptcy will be on the cards in 2024/2025.
I might just sell my ÂŁ5 worth and put it in TM1 or something. Itâs a big decision
Mooky Greidinger: âIâll screen Netflix films in cinemasâ.
If this ever happens, iâll buy shares of this company.
Personally Iâd like to see a statement saying they were building cash reserves, as an industry they donât tend to keep much surplus in the business, and see that they have a plan in place to re-finance the debt, but that is probably dependent on the share price going higher, so itâs a bit of a chicken and egg thing. The sector isnât necessarily in decline, but the business needs to be a bit more dynamic and willing to change focus quicker, as some of their competitors have, and some more ethical decision making would probably add some reassurance too.
I will say this, I love films and i have yet to go to a Picturehouse cinema.
Cineworld probably just need to fold. Billions in debt and negative shareholder equity. Not much hope left! Another James Bond film ainât gunna save them.
If cineworld folds theyâd be able to wipe out their debt, close unprofitable cinemas, clear out poor management and maybe build for the future with smaller footprint.
The concept of cinema isnât going disappear over night, but just screening other peoples films wonât work.
If Cineworld is to survive it needs some serious investment but hey ho if Hertz can do it!!! Then maybe just maybeâŚ
Love Cineworld. Fluked >300% profit on it last year.
Wouldnât touch it now. Or in hindsight to be honest. Roulette wheel stuff.
Should I just admit defeat at 65% down ?
Is it actually worth selling? As youâve already loss money like my self 67% IF and itâs a big if come back up youâll be gutted just to get little bit of money back? Ate we talking ÂŁÂŁÂŁâs or ÂŁÂŁâs
Thatâs a potentially dangerous way to look at it. Familiarise yourself with the concept of sunk costs to help in decision making processes: Sunk Cost Trap Definition.
Youâd have to make 180% return to recover this loss. Cineworld will quite likely be bankrupt over the next 5-10 years since itâs a terrible business model.
Getting out now might be much better than holding onto something out of a false sentiment of loss aversion.
But but but [Insert average movie here] will be out soon!
They made next no money before the pandemic and now theyâve saddled them selves with tonnes of debt which need servicing or re financing. Rising interest rates & covid will be claimed as the cause when poor management decisions will be on the death certificate.
âIfâ CineW goes under, any buyer coming soon to take over?..âŚmaybe DisneyâŚ.long shot, though