Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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I don’t think the lawsuit is doing it any favours either, that needs sorting ASAP
https://www.statista.com/statistics/1082239/cineworld-screens-and-sites-worldwide-by-brand/
Rick,
I don't remember the numbers, but some months back I did some sums on attendance levels required.
I would simply look at 2018 and 2019 financials.
See the box office figures and divide by number of screens in company. Then by the average ticket price which are all available from company reports.
I "think" I got to around 70 odds per screen every single day.
That's not per screening remember as most sites will use most or all screens more than once per day.
Recent years trends have seen week days with very very low attendance (single figures) also weekday evenings.
Friday/Saturday generally the big hitters then Sunday.
Onto if this numbers heavily weighted to full or near full screenings first night (week) of the likes of Marvel stuff.
Oh yeah thanks. What do you think is reasonable level of customers per screen a year?
I bought some cine yesterday. Waiting for my lloyds and natwest div in Sept to top-up more cine. So running some numbers.
Rick , if you divide 9500 by 10 , you maybe a lot nearer
Rick, no that's nearer the number of screens they have.
They have 9500 cinemas right. If they get just 100 customers a day per site, that's 950,000 customers a day.
Let's say they spend £8 each, that's £7.6m revenue a day. Over say 300 days = £2.28bn revenue.
Don't know what the margin is after costs though.
Surely this firm is worth more than £860m market cap.
"Getting back" therefore below currently.
How many films are in the pipeline? The main ones we know, but we also know those alone are nowhere near enough.
Future potential performance is not recent past or current performance which we know are still considerably below required levels for this business.
Where the share price is is down to a number of factors as is usual the case with any share.
It is shorted due to factors such as: debt level, pandemic , recent attendance levels, concerns over studios direction and many other factors I am sure.
Yes in the UK many of us are evidencing progress, but until we are constantly at or very very near to 2019 levels this is open to difficult share price times.
Remember USA is what we need focus mostly on, not where a small percentage of business is.
I spoke to a Cineworld manager yesterday who said the cinema's are getting back to pre pandemic attendance and with each new release the audiences are growing.
With a lot in the pipeline the future looks very promising.
this share price manipulation has nothing to do with how the company is actually performing.
Eventually the shorters will give up and this will rocket when they do.