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Lightyear is still contributing but being surpassed by 3 overperformers (TGM, The Black Phone and Elvis) and Jurassic Park is also doing really well also. Should have opened Lightyear into the school holidays imho as Disney normally do to good success. Minions the Rise of GRU times its opening much better.
If the NA Box Office gets to $950M for the month then that would be a cracker of a month.
UK, RoW ticket sales on top, US, UK and RoW food and beverage concessions, Unlimited or equivalent recurring revenues, online booking fees, advertising revenues...
Far better to be going into deadlines flush with cash
Perfect revenue scenario from both May and June heading into the 30th June dissenting share holders timeline - and the RCF covenant test (thanks for the reminder mountainous).
Great month this and it's going to easily surpass the $900M. Already at $895M NA Box Office with 4 more days to go and late reporting dribs and drabs to filter through as well.
Elvis seems to have piggy backed well off the main Maverick Demographics and landed top end of its estimates and the Black Phone has outperformed. Lightyear also contributing but not mentioned.
https://deadline.com/2022/06/box-office-elvis-top-gun-maverick-black-phone-1235052035/
https://www.boxofficemojo.com/month/?ref_=bo_nb_hm_secondarytab
Perfect revenue scenario from both May and June heading into the 30th June dissenting share holders timeline.
How nice would that be if we were able to fully discharge any outstanding amounts?
Apologies for the repeat but you get the gist. Absolutely no idea how that came about.
Should know by the end of this weekend if $900M is nailed on for the best month in many. That's only the NA Box Office and ticket sales only. Should be indicative of other ticket sales.
Looks like it should be closing in on a $900M for this month after the weekend and with still a few more days to go. Best in many a while and surpassing last month. That's just the North American Box Office mind you. Good timing.
https://www.boxofficemojo.com/month/?ref_=bo_nb_hm_secondarytab
Well it looks like it is going to clear a $Billion in the next week or so and South Korea should be adding starting Thursday. Don't forget this is without any contribution from China and Russia. I have to say I actually thought it was better watching it for the second time.
Tonight at the request of Mrs Lat I am in to see the film for the 3rd time with another family member who hasn't seen it yet. Having just checked the cinema it is already about half full on pre-bookings on a Tuesday evening. It also looks like I am going to get persuaded into going to see the film in Screen X - a format I have skipped to date.
They could easily extend the window and put it in a smaller cinema and it would still be taking more than some of the lower budget films.
Then you have to factor in streaming revenues on top then you can pick it up in DVD sales in the shops. Just picked up the newest Batman film on DVD the other day for £8.00. Good film / Bargain price.
Massive, massive money spinner TGM when you take in all the merchandise as well so yes they could easily do another.
I was wondering, with the massive success of the new Top Gun film, and the new cast added, what the possibility of the next film COULD be. Do you think that is it for Top Gun, or will they carry it along (hopefully not another 36 years later). Lots of possible storylines to follow on with, and it's done great at the B.O.
Alex
Time to get the cheque book out to pay the dissenting shareholders and pay down the rcf :-)
It's kissing $700M at the moment with 10 days still to go. No doubt dribs and drabs still to filter through with late reporting after the 4 day weekend. Then it's through the week sales then the weekend with
*Elvis opening
*The Black Phone opening
And the cumulative audiences from Jurassic World Dominion, TopGun Maverick, Lightyear and all others on top.
Then some more through the week.
Should surpass $900M this month for a very good month indeed. That's only the North American Box Office / Ticket sales
https://www.boxofficemojo.com/month/?ref_=bo_nb_hm_secondarytab
Top gun maverick still raking it in, fri/sat/sun bringing in healthy revenue. No sign of letting up. Good job as lightyear hasn't borne fruit but could be a slow starter
Exactly that @lpd
Alright guys, posting the below as it's relevant to the discussion; a couple of weeks back I'd queried with IR as to why they're so poor at communicating with shareholders, and got the below after a week's waiting (and a chaser). I'm unsurprised by the lack of staff at the moment, but am still unimpressed with their general approach to comms:
Dear
We very limited on resources and staffing at the moment.
We are happy to answer questions on financials /investment case / clarify information in our reports like we do with all our shareholders/debt investor on a daily basis.
However we will not comment or respond to questions we cannot answer such as if and when we will issue an RNS and why we did not, requests to issue statement/press release to reassure the market.
All material updates on the Company or the Cineplex case are always released as soon as possible via RNS (this is a regulatory requirement)
I hope this answers your question
IR can do their job better.
I year between these openings but see if you can find anything from Cineworld on either
I rest my case - these are two seperate cinemas and it looks like a new one has opened at Hounslow and the other at Feltham has had a revamp. Not a dickie bird to shareholders.
Great offers out there on that Feltham cinema as well.
You can change cinema and find both.
https://www.cineworld.co.uk/cinemas/london-hounslow/118#/buy-tickets-by-cinema?in-cinema=118&at=2022-06-20&view-mode=list
Mountainous what the company is absolute pants at, and its IR's responsibility as much as anyones is that they do not make good use of the RNS facility. I am not talking the mandatory updating the market RNS's. I am talking about RNS Reach.
These are non-regulatory RNS, informative ones.
I highlighted recently that they had just opened a very large new 10 screen cinema at Hounslow. Something that you think shareholders and aspiring shareholders might like to hear and which might prompt other interest. Opened just at the right time around Dr Strange and TopGun Maverick. Not a dickie bird on it from the company. These positive events should be being reported as such.
https://www.mylondon.news/whats-on/whats-on-news/cinema-hounslow-new-cineworld-opening-23659341
https://www.mylondon.news/news/west-london-news/hounslow-cinema-reopening-week-after-20617404
At this rate, I just want to hear something good, whether if it’s that they’ve paid the 65% for the RCF, or something else.
This silence is just killing investor confidence. Please put the RNS function to good use and keep your investors well informed.
Income into the bank to reduce the RCF - just as good old Gord Nelson did @Plex. Levers there. Then pass the test on the given date. Then prioritise and discharge your obligations. No1 should be to pay off the dissenting shareholders as the RNS on it is what caused the
recent fall. Hopefully that's the way it all pans out and we head back to the 30's.
Fortuitous that the Box Office and any associated revenues have picked up handsomely.
The RCF have shorts tied to them as leverage. If some of them gets paid off , the shorts can then be closed right? It will not hurt to see the stock be priced more in-line with revenue.
I think it was mentioned recently that there's a good possibility CINE may use any recent cash income to pay down the RCF on a given date and report this to all relevant parties. There is nothing stopping them from then drawing back a percentage of the RCF if needed to finally settle the balance owed to Regal shareholders (2 birds with 1 stone). No sign of the ****passage or squid**** today. What a surprise.
@BlueBuxton lol, reminds me of how Cineplex owns some recreational businesses as well
I expect an RNS on that as well but it probably won't come in the month of June. More likely July and hopefully recent strengths in Box Office enables them to have paid it off and discharged it. But we shall see.
What do you mean it’s an “internal test”? It’s a test that they have to pass to meet the requirements of external lenders.
If they pass the RCF covenant test then I wouldn’t necessarily expect an RNS saying so. Any of the other possible outcomes though (refinancing or paying down 65% to avoid the test - or a successful waiver or failure of the test and an unsuccessful waiver) will certainly merit an RNS.
Still expect an RNS in short term as we have the Regal Dissenting shareholders balance of payment due before end of month (company in discussions to further extend that deadline which already come at a financial cost).
Would be nice to have an RNs update like last July prior to the interim results which headlined
'Further Liquidity and Covenant Flexibility Secured' so that investors and markets are more at ease with their current position..
Oh well If it happens it happens, SP is doing OK...ish last couple of trading days in any case