The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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A general market reminder for those that may have missed what is going on beyond Cimeworld ;-)
As a side note current share price here (and elsewhere) has made it much cheaper for day traders and the like to "play" with the share price.
Yesterday for example had what a 20% swing range and for buttons trading cost.
Cheers Ant,
Yes it is worth taking a step back and looking around from time to time and reminding ourselves.
Clearly we got the hit late last year on the Cineplex case. (That is obviously business specific).
Hard/impossible to measure, but imho far more than not this year's drop is non business direct related.
If we are all still here end of year then it's very likely a happier position.
Hi Fun,
Thanks for the post it actually puts things in perspective for me and gives me confidence that this is not just Cine related. (As most of us knew anyway)
However, the future isn't known and could swing either way due to a few circumstances out of our control.
But for me as long as we have bums on seats and cash ringing through the tills then I will be holding and believe we will get the Cine bounceability once again.
All Imo of course.
Hussart,
Depends on the shorter I guess. Some will have as a hedge so in some ways price irrelevant.
Others will hold as their view is company going to the wall.
Many/most (probably) in all honesty are in a rather more comfortable position currently than is Longs so I personally won't be focusing on their actions.
Unless we have SIGNIFICANT news and see significant movements that is.
I don't consider current recovery path as significant news (yet)
An appeal "significant win" i.e. either complete reversal or very large reduction in award I see as a win and significant news.
A half with profit levels enabling not only covering financing costs but reduction (of note) in debts I consider significant.
Re -financing at far lower costs recent debt I consider significant.
Clearly any major new studio deals, bid for company, US listing (potentially), end of Russia/Ukraine conflict and some other factors could all help also.
FtB,
Thanks for share, its largely an empty update fr Cinemark in reality though.
I know many like Adam Arron at AMC and this sort of "update" and would like similar from Cimeworld.
I don't see anything concrete I e. actual profitability though and it only tells us what we all already know from Box Office MOJO and other sources. i.e. June was highest box office since start pandemic, but still lower than pre pandemic comparables. (getting MUCH closer).
I have quite a few of those stocks listed. Eek!. But even though my started spectacularly bad with easyjet, Tui, RR and CINE. My finish to the day is spectacularly good with my US stocks flying.
Hoping for a UK bounce tomorrow.
From all the figures we’ve seen over the last few months, we know people are going to see movies. Cinemark has recently reported excellent numbers in this recent article.
https://finance.yahoo.com/news/cinemark-announces-june-2022-box-170200861.html
Thanks for this fun - it has indeed been hard to watch. I wonder at what price most of our shorters will close.
I’m trying to remind my self that despite the share price, people are still going to movies. In fact I’m off to see Thor this weekend.
Here’s hoping September 22 will be a good day
Absolutely no point any of us denying or trying to debate it is currently awful and has been on a terrible slide for some time.
That is not to say the company is therefore doomed, that the fall is all company related or that we are unique in this fall.
Company does have its issues and all (almost all anyway) fully realise the obstacles.
Year to date :
Cine - 42% ouch.
Hang on though.
YTD
TUI - 50%
Ryanair - 36%
easyJet - 42%
AMC cinemas - 52%
Aston Martin - 72%
Royal Mail - 48%
eBay - 35%
Amazon - 34%
Apple - 23%
Nike - 37%
Adidas - 36%
M&S - 42%
Next - 24%
Rolls-Royce - 37%
Tesla - 73%
Aviva - 32%
L & G - 23%
B.o.A - 33%
Boohoo - 53%
Few sectors there and range of companies with varying financial strength I would suggest they are not all going bust as is suggested Cineworld must be due to falling share price.
A year and a half ago when we were down at these levels some of us still here endured, I had a few stressful days/nights back then.
This time round personally I am far less so.
Not saying I am ruling possibility of losing the lot this time round, but for whatever reason it isn't ruling my life this time.
If it goes so be it, if we see another strong rise (we had an 8x from these levels in space of 4 months I think it was from Oct/Nov 2020 to March!? 2021).
What goes up can go down it can also go up.
None of us know with certainty the future or the journey between now and then :-)
Wonder if we will cross half billion box office after coming weekend ? :-)
Sure helps that strained cash position :-)