Everyman chief banks on James Bond’s box office appeal

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The purchase of £ 57,448 worth of shares in the movie business Everyman Media by CEO Alex Scrimger was announced shortly before the very late James Bond movie opening weekend. I have no time to die..

The film earned £ 21m more than its predecessor in the first three days at a British cinema. Skyfall When Specter Made on their first weekend. According to industry titles, it has also become the biggest money spinner for British cinemas since the pandemic began just four days later. Screen International..

The UK film industry may have been shaken by the re-emergence of Britain’s most famous spy on the big screen, but it traded only 2p higher than the 130p that Scrimgeour bought shares on September 24th. Everyman’s stock price is not upset.

Everyman Media Group is a chain of 35 cinemas aimed at the premium end of the market, with comfortable sofa seats and a special one-time screening for live events. Its largest shareholder is the long-term Blue Coast Private Equity with a 19% share, but Blackrock and Canaccord Genuity also own significant shares of 9.5% and 9%, respectively.

The company raised £ 17.5 million through a private placement at the start of the pandemic when it became clear that cinemas could have to spend a long time without revenue. They remained closed until May 17, and were still operated with limited capacity. As a result, the loss for the first half of July 31 was £ 9.2m with revenue of £ 7.7m, including £ 3.7m for the Covid-19 support loan. Scrimjor, who joined Everyman in January after previously running a court restaurant, was confident in the company’s outlook when it announced its interim results last month, and attendance by September 19 was already at pre-pandemic levels. Said it reached 80% of the total. The company plans to open six new openings by the end of next year, with the first opening scheduled for December at Borough Market in London.

Board members of Petershill Partners buy shares at listed price

The financial sector does not appear to lack ideas on how to generate fees from itself. Froth flotation The latest example of Petershill Partners. Petersil, which is dominated by a fund managed by investment bank Goldman Sachs, will purchase shares held by private equity firms, hedge funds and general partners of other alternative asset managers.

The company invests in 19 mid-sized companies that manage $ 2 to $ 15 billion in assets. This is a faster growing market sector over the last decade than the mega companies that manage over $ 15 billion. In that outlook. He has invested in hedge funds including venture specialist General Catalyst and Industry Ventures, buyout companies Harvest Partners and Accel-KKR, and Caxton Associates and LMR Partners.

The invested company had $ 187 billion in assets under management, and last year Peterhill’s partner revenue cuts were up 15% to $ 313 million. According to data provider Preqin, the alternative asset industry, including private equity, private credit, hedge funds, infrastructure and real estate funds, has grown at a combined annual rate of over 10% over the last decade. The industry is projected to grow 9.8% annually between 2020 and 25, at which point it will manage approximately $ 17.2 trillion worth of assets.

Growth is driven by institutional investors increasing their allocation to alternative assets in low-yielding markets.

Petershill Partners has raised £ 1.2 billion from the IPO and valued it at £ 4 billion. When the transaction began on October 1, three directors acquired shares of the company at a asking price of £ 3.50 per share, Chairman Naguib Kheraj invested £ 750,000 and with independent non-executive officer Erica Handling. Mark Merson has bought about £ 300,000 worth of shares. £ 400,000 each.

Petershill shares have been traded primarily sideways since the float. The main competitor in the GP stock market is Blue Owl, a US-based company listed on the New York Stock Exchange last December. Since its listing, the company’s share price has risen by more than 50% to $ 15.59.

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The post Everyman chief banks on James Bond’s box office appeal appeared first on California News Times.

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