Cineworld Chief Executive Mooky Greidinger is eyeing the meme-stock bandwagon, writes Unmack1
Cineworld has reasons to keep its options open: the company owes $7.6 billion, roughly 16 times this year’s forecast EBITDA, and may need more capital if Covid-19 variants close cinemas again.
Greidinger could pocket a 33 million pound bonus if his company’s stock price trebles to 190 pence. AMC’s market capitalisation is 13 times Cineworld’s $1.2 billion, even though analysts only expect it to generate 20% more revenue next year, according to Refinitiv. Greidinger could use some of that sparkle. Surprise bidding war engulfs UK engineer
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