WSB incoming-To The Moon - Tiger Brokers Online Investing Community - To The Moon

Like
Comment
Favorite

Pbrz
2021-04-28

WSB incoming

AMC to sell up to 43 million fresh shares, but calls off plans to seek approval for 500 million more

AMC stock declines as theater chain plans at-the-market offering, reveals preliminary quarterly loss

AMC to sell up to 43 million fresh shares, but calls off plans to seek approval for 500 million more

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Like

Report

Comment

Top
Latest

empty

No comments yet

Most Discussed

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"magic":2,"id":100961133,"tweetId":"100961133","gmtCreate":1619574866522,"gmtModify":1704726179156,"author":{"id":3582667631352534,"authorId":3582667631352534,"authorIdStr":"3582667631352534","name":"Pbrz","avatar":"https://static.tigerbbs.com/f575448d364119faae878fb78f07c33c","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":0,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"extraTitle":"","html":"<html><head></head><body><p>WSB incoming</p></body></html>","htmlText":"<html><head></head><body><p>WSB incoming</p></body></html>","text":"WSB incoming","highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/100961133","repostId":2130885375,"repostType":4,"repost":{"id":"2130885375","pubTimestamp":1619573383,"share":"https://www.laohu8.com/m/news/2130885375?lang=&edition=full","pubTime":"2021-04-28 09:29","market":"us","language":"en","title":"AMC to sell up to 43 million fresh shares, but calls off plans to seek approval for 500 million more","url":"https://stock-news.laohu8.com/highlight/detail?id=2130885375","media":"MarketWatch","summary":"AMC stock declines as theater chain plans at-the-market offering, reveals preliminary quarterly loss","content":"<p>AMC stock declines as theater chain plans at-the-market offering, reveals preliminary quarterly losses and revenue that fall short of analysts' expectations</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/056c6c845263b971e557957cc1ead041\" tg-width=\"1260\" tg-height=\"840\"><span>AMC Entertainment Holdings Inc. had reopened 585 of its 590 U.S. theaters at limited capacity by the end of March.</span></p>\n<p>AMC Entertainment Holdings Inc. shares dipped in after-hours trading Tuesday, after the theater chain disclosed plans to sell millions of fresh shares while revealing early returns from reopened theaters, but said it would not ask shareholders to approve the potential sale of 500 million more shares.</p>\n<p>In a filing with the Securities and Exchange Commission said it hopes to sell up to 43 million shares in an at-the-market offering. The company said it would use the proceeds for \"general corporate purposes, which may include working capital, the repayment, refinancing, redemption or repurchase of existing indebtedness, capital expenditures and other investments.\"</p>\n<p>However, the company also disclosed that the board of directors decided not to ask shareholders for permission to sell up to 500 million additional shares at its upcoming annual shareholders meeting, a proposal that had caused some upheaval with analysts and investors. Chief Executive Adam Aron had said last week that if investors approved the plan, he would promise not to sell any of those shares in 2021; the 43 million shares that will be sold were approved by shareholders years ago.</p>\n<p>AMC also disclosed preliminary financial results for its quarter ended March 31, as the chain began to reopen more theaters as COVID-19 restrictions eased. AMC said that it expects to lose $567.2 million to $572.2 million on revenue of approximately $148.3 million. In the same quarter a year ago, as the COVID-19 pandemic began to shutter theaters worldwide, AMC reported a loss of more than $2 billion -- mostly due to noncash impairment charges from revaluing its properties -- on sales of $941.5 million.</p>\n<p>Analysts on average were expecting AMC to lose $514.9 million on sales of $158.4 million in the first quarter, according to FactSet.</p>\n<p>AMC has raised more than $2 billion in share sales, debt offerings and other moves since last fall, as theater closures walloped its finances. In the podcast appearance last week in which he promised not to sell any of the 500 million shares if investors approved that plan, Aron noted the authorization to sell 43 million shares was still active, but said \"we haven't made any decisions yet.\"</p>\n<p>\"If we need to raise some cash in the short term, remember we already have 43 million shares that are out there that were authorized in the year 2013 that we could use if we wish to raise some cash, if we decide that's a good idea,\" Aron said in an interview that AMC also disclosed in an SEC filing . \"We have made no decisions yet. We are thinking about it, but we haven't made any decisions yet.\"</p>\n<p>AMC also disclosed in Tuesday's filing that as of March 31, 585 of its 590 U.S. theaters had reopened at limited capacity of 15% to 60%, and 97 of 354 international theaters it leases or runs in partnership with others had reopened at 25% to 50% capacity.</p>\n<p>Shares dipped between 1% and 2% in the extended session following the disclosure Tuesday evening. AMC's stock has not suffered as much as its finances in recent months, as it has been targeted by individual investors who have gathered on Reddit to collectively purchase options and shares in bedraggled stocks like videogame retailer GameStop Corp. <a href=\"https://laohu8.com/S/GME\">$(GME)$</a> and former cellphone giants Nokia Corp. (NOKIA.HE) and BlackBerry Ltd. (BB.T).</p>\n<p>AMC stock has gained more than 300% in the past six months, as the S&amp;P 500 index has increased 23.5%. The company's market capitalization was higher than $5 billion at Tuesday's closing price of $11.46.</p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AMC to sell up to 43 million fresh shares, but calls off plans to seek approval for 500 million more </title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAMC to sell up to 43 million fresh shares, but calls off plans to seek approval for 500 million more \n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-28 09:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/amc-to-sell-up-to-43-million-fresh-shares-but-calls-off-plans-to-seek-approval-for-500-million-more-11619564599?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>AMC stock declines as theater chain plans at-the-market offering, reveals preliminary quarterly losses and revenue that fall short of analysts' expectations\nAMC Entertainment Holdings Inc. had ...</p>\n\n<a href=\"https://www.marketwatch.com/story/amc-to-sell-up-to-43-million-fresh-shares-but-calls-off-plans-to-seek-approval-for-500-million-more-11619564599?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.marketwatch.com/story/amc-to-sell-up-to-43-million-fresh-shares-but-calls-off-plans-to-seek-approval-for-500-million-more-11619564599?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2130885375","content_text":"AMC stock declines as theater chain plans at-the-market offering, reveals preliminary quarterly losses and revenue that fall short of analysts' expectations\nAMC Entertainment Holdings Inc. had reopened 585 of its 590 U.S. theaters at limited capacity by the end of March.\nAMC Entertainment Holdings Inc. shares dipped in after-hours trading Tuesday, after the theater chain disclosed plans to sell millions of fresh shares while revealing early returns from reopened theaters, but said it would not ask shareholders to approve the potential sale of 500 million more shares.\nIn a filing with the Securities and Exchange Commission said it hopes to sell up to 43 million shares in an at-the-market offering. The company said it would use the proceeds for \"general corporate purposes, which may include working capital, the repayment, refinancing, redemption or repurchase of existing indebtedness, capital expenditures and other investments.\"\nHowever, the company also disclosed that the board of directors decided not to ask shareholders for permission to sell up to 500 million additional shares at its upcoming annual shareholders meeting, a proposal that had caused some upheaval with analysts and investors. Chief Executive Adam Aron had said last week that if investors approved the plan, he would promise not to sell any of those shares in 2021; the 43 million shares that will be sold were approved by shareholders years ago.\nAMC also disclosed preliminary financial results for its quarter ended March 31, as the chain began to reopen more theaters as COVID-19 restrictions eased. AMC said that it expects to lose $567.2 million to $572.2 million on revenue of approximately $148.3 million. In the same quarter a year ago, as the COVID-19 pandemic began to shutter theaters worldwide, AMC reported a loss of more than $2 billion -- mostly due to noncash impairment charges from revaluing its properties -- on sales of $941.5 million.\nAnalysts on average were expecting AMC to lose $514.9 million on sales of $158.4 million in the first quarter, according to FactSet.\nAMC has raised more than $2 billion in share sales, debt offerings and other moves since last fall, as theater closures walloped its finances. In the podcast appearance last week in which he promised not to sell any of the 500 million shares if investors approved that plan, Aron noted the authorization to sell 43 million shares was still active, but said \"we haven't made any decisions yet.\"\n\"If we need to raise some cash in the short term, remember we already have 43 million shares that are out there that were authorized in the year 2013 that we could use if we wish to raise some cash, if we decide that's a good idea,\" Aron said in an interview that AMC also disclosed in an SEC filing . \"We have made no decisions yet. We are thinking about it, but we haven't made any decisions yet.\"\nAMC also disclosed in Tuesday's filing that as of March 31, 585 of its 590 U.S. theaters had reopened at limited capacity of 15% to 60%, and 97 of 354 international theaters it leases or runs in partnership with others had reopened at 25% to 50% capacity.\nShares dipped between 1% and 2% in the extended session following the disclosure Tuesday evening. AMC's stock has not suffered as much as its finances in recent months, as it has been targeted by individual investors who have gathered on Reddit to collectively purchase options and shares in bedraggled stocks like videogame retailer GameStop Corp. $(GME)$ and former cellphone giants Nokia Corp. (NOKIA.HE) and BlackBerry Ltd. (BB.T).\nAMC stock has gained more than 300% in the past six months, as the S&P 500 index has increased 23.5%. The company's market capitalization was higher than $5 billion at Tuesday's closing price of $11.46.","news_type":1},"isVote":1,"tweetType":1,"viewCount":199,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":11,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}