Ster Kinekor successfully exits business rescue after R250-million capital raise

[Jan]

Ster Kinekor raises R250 million and exits business rescue

Ster Kinekor has exited business rescue after receiving a R250 million parachute from two investment firms.

Investments from UK-based asset manager Blantyre Capital, and South African asset manager Greenpoint Capital, formed the basis of the business rescue plan.

 

[borro]

 

[spit]

Will they now please re-open Kimberley's Ster Kinekor?

 

[surface]

Good to hear. Son likes watching on big screen so occasionally we have to bear with 50/100 rand popcorn stuff.

 

[PaulMurkin]

Man that's a lot of money flushed down the crapper

 

[SilverCode]

Ster Kinekor raises R250 million

... by selling a few boxes of popcorn

 

[Nerfherder]

Ster Kinekor raises R250 million and exits business rescue

Ster Kinekor has exited business rescue after receiving a R250 million parachute from two investment firms.

Investments from UK-based asset manager Blantyre Capital, and South African asset manager Greenpoint Capital, formed the basis of the business rescue plan.

That's crazy - not sure why anyone would invest in this industry.

 

[Pegasus]

That's crazy - not sure why anyone would invest in this industry.

Because business is on the up again in and there is limited competition here.

Exhibitors Report Smaller Losses, Rising Revenue During Second Quarter of 2022 - Celluloid Junkie

During the second quarter of 2022 financial and attendance trend lines head in the right direction for motion picture exhibitors.

celluloidjunkie.com

 

[retromodcoza]

I sat in a Ster Kinkeor theatre at Gateway in Durban and watched SMILE on a Wednesday evening. We were the only people there.

 

[surface]

I sat in a Ster Kinkeor theatre at Gateway in Durban and watched SMILE on a Wednesday evening. We were the only people there.

Most of us have to go to work on Thursday and have things to do for kids & family on evenings

 

[Deadmanza]

What is that like a family of 4 - tickets, popcorn and a drink?

 

[My_King]

Yoh, they must have a different set of lawyers for BR

 

[FiestaST]

Was pretty lekker back in the day, it gave off some "feels".

 

[6spdmanual]

 

[Pegasus]

 

[TedLasso]

I would pay to see an updated version of this in the cinema with proper sound

 

[Polymathic]

@bwana maybe a poll asking people how many times they have been to the cinema since 2020/lockdown would be interesting

 

[epah]

@bwana maybe a poll asking people how many times they have been to the cinema since 2020/lockdown would be interesting

He is going to freak out for tagging him. Might even ban you.

 

[surface]

What is that like a family of 4 - tickets, popcorn and a drink?

We are family of 3. Cost us about R250 last month if I recall. This is after discount of edgars club.

 

[Mampara]

That's a lot of money. Hope it's for upgrading to 4K and smaller 100 seater cinemas