Bill1703
05 Feb 2018
Re: Todays Drop in SP "Don't panic ... the shares went ex-rights today . There has been no real collapse in the value of your total holding (shares + rights)" Quick sums - 4 for 1 rights @170p. So based on a closing pre-rights price of 518p, I make the equivalent price around 240p. So we are really down 3-4p currently...
axolotl
05 Feb 2018
Re: Todays Drop in SP Don't panic ... the shares went ex-rights today . There has been no real collapse in the value of your total holding (shares + rights)
Grand Cru
05 Feb 2018
Todays Drop in SP What is going on - iii shows a 55% fall today - WHY?
valeite
31 Jan 2018
not just a rights offer... ....but a flippin'big un .i don't want to double my holding so i will take up partial rights but we have a couple of weeks to think about it so i'll leave it till i have to pay or walk away . what we can't know is wether Regal is cheap /fair /expensive but the balance of probability is it will be ok .
Poleaxe
31 Jan 2018
Re: What to do? You are correct to assess it on the basis of whether or not the company can make a success of the acquisition, because the rights themselves don't really give much in the way of a preferencial deal to existing holders.Perhaps one thing to consider is how the US profits will be affected by the future exchange rate. The Fed seem to be on a mission to devalue the USD, and the UKP might strengthen once the Brexit uncertainty is out of the way, which would reduce the US profits when declared in sterling.Also, UK companies have a fairly dismal track record when it comes to moving into the US. Is CINE up to it?
tejo
31 Jan 2018
What to do? Decision time is near as to whether to hold and subscribe, sell all, partially sell etc. What I have failed to spot anywhere, is an objective assessment of the benefits of the deal and/or why the sp fell so sharply if it is such an attractive proposition. Questor has just repeated its buy recommendation but without explaining why.. I think it comes down to an absolute bet on the ability or otherwise of the management/effective owners to make it work and that it is not simply the lure of Hollywood influence that has led plenty of others on to the rocks. The legal and underwriting costs all by themselves will be huge and it will be at least two years before the "exceptional items" are out of the way and we will know where we are. Of course, investing is all about risk and reward. In horse racing, it often pays to back a previous course and distance winner and on that flimsy basis alone, I have decided to take up the rights!
Poleaxe
19 Jan 2018
Re: cgt My recollection is if you don't take up your rights (and instead receive payment for them) it's treated as a disposal and the acquisition date for the rights is conisdered to be the date you purchased the qualifying shares.
valeite
17 Jan 2018
Re: cgt either you sell the rights or at the final acceptance date the rights not taken up are sold in the market and you will get your share .can't help you on CGT.... not that wealthy
axolotl
17 Jan 2018
cgt if I don't take up my rights do they get sold? if so, how is cgt calculated?
valeite
17 Jan 2018
Re: Rights Issue Details Announced corr ! that's a lot of brass we're raising ....not sure I want to double my investment here....we're being asked to take on some faith here .will leave my decision 'till the last but most likely i'll take up some rights and sell the rest to maintain my position .quick glance over trading update looks good .
Grill Bimsie
17 Jan 2018
Rights Issue Details Announced 4 for 1 Rights Issue at 157p. Record date 31st Jan.As held in my ISA, will need to sell something to raise the cash.Cheers,
smilingmickey1
21 Dec 2017
Re: Wondering Alos wondering how the benefit of the reduction in tax payments in the USA will affect the "deal."Regal accrued $130 million in 2016 to pay its annual tax bill.
smilingmickey1
19 Dec 2017
Wondering Cineworld would become quite a different animal following the takeover being very higly indebted and maybe more of a dividend play than before. But it will be no2 in the world of cinema, with a very wide geographical coverage. What value a cinema chain with widespread coverage could be to be to a third party? Would other folks who produce content be interested in controlling its distribution? Could there be a takeover bid from "above" before the takeover becomes into effect (or shortly after?)
valeite
15 Dec 2017
berenberg slices..... ......a cool £1 off of the target price from £8 to £7 but still remains a buyer . sentiment towards the deal seems to be improving so it's a case of wait and see .
nk1999
06 Dec 2017
Telegraph- Questor "Plans on the part of FTSE 250 leisure group Cineworld to acquire America’s second largest cinema chain, Regal Entertainment, have hit the shares hard, as the deal is likely to be funded in part by a rights issue. This leaves us sitting on a book loss of just over 20% and with a tricky decision to make. However, Cineworld’s solid record of generating organic and acquisitive growth suggests that investors should be patient and stick with the stock. Its last sizeable acquisition was Cinema City International in 2014, which took Cineworld into Eastern Europe and Israel. The shares fell by more than a quarter as investors digested the £110 million rights issue that funded that deal but anyone who got involved did well as the shares subsequently soared. A weak summer slate for film releases has weighed on Regal’s share price and Cineworld may have spotted a chance to bag a bargain. Questor says “Hold”." ~ 545p
