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Fun the only reason you are being questioned by LPD is simply because you are the author.
If someone else had written your post I can guarantee it would not of recieved the same reaction from him.
He does the same to various others. After all the months of ramping nd refusing to talk about certain subjects I would love to hear his opinion on why we are where we are.
But then I question myself do I really care for his opinion the answer , prob not!!!!
Been plenty comment on here about many things, such as: Covid/infections/measures (I don't request everyone doing so be an epidemoligist).
Company share price - don't request all be a specialist broker
Company finances - again I don't request specialist knowledge from all in that field.
None of us know others backgrounds and it doesn't (or shouldn't) matter. We should all be able to express a view and equally may be challenged on that view from any that have a different view.
The company gave us $60m per month closed
Disenting shareholders cost again provided by company and its worth reading company release on that cost.
I (or anyone else here) don't need to be a financial whizz to know there are additional costs to opening and running business than a closed business so burn rate will be higher until you reach a revenue v costs tipping point.
100 year old business that essentially has done the same thing forever.
Nobody knows every single individual deal, but many reasonable assumptions can be made to give an "idea" of how things are.
Let us hope we can all have reasonable discussion moving forward here and no repercussions from expressing each person's own view.
now a days rarely companies are valued based on their fundamentals and it is more about sentiment.
You are here to dampen that sentiment.
Purely based on sentiment around virus, markets crashed on Monday(Freedom day) and bounced back next day when the sentiment changed!
Barclays have come up with the 115p target based on the fundamentals of the business. Jefferies too have said there is 50% upside for the share prices of the cinemas. Everyone knows that you have to divide the mcap by the number of shares to get the price :-)
Barclays came up with 115p target based on their "equity modelling". Since their price target, outlook for CINE has only improved. Now wonder if Barclays will also be classified as "irrational optimists" ?
So by pointing out the contradictions in the wording in your post or asking you what your financial qualifications are which causes you to make sweeping generalisations and assumptions then somebody is "unreasonable".
*If you are not presently practising as an accountant or financial analyst with present and up to date qualifications then your analysis is no different from anyone else on here.
Furthermore as stated there are simply too many unknowns right now to be even hazarding a guess. Then you have outlook statements as well.
Plenty on here that have knowledge of their way round balance sheets and can read RNS's, particularly ones on Liquidity.
You need to be precise in what you are saying otherwise people will pick you up and your posting history is always there to remind you.
I wish you a good weekend.
The lowest of our analyst ratings is presently 75p and that goes up to 115p @Barclays.
Keep me out of any percieved "bromances"
Chat forum with a bunch of strangers that are likely to always remain that.
LPD it's a mindyer regards my financial qualifications ;-)
August 12 will give us all some of the answers.
The cinemas have less total movies to show, however they are operating same hours as previous and probably around same number of "screenings", just milking some movies more than they would if others were around.
* Note to the reasonable people, yes I do have some qualifications in accounting and it was my form of employment for a number of years. Not that it matters and whether anyone here believes me or not is on them. Not me"
Lapdown for months you have been talking about freedom day, when cineworld goes to 100% capacity, going on those statements, we are in trouble, cause they haven’t changed
Looking at your posting history I can see you've posted on 4 different shares recently, and if I want to look into them...my business
Mindyer...fair enough, but then again I'll decide what's my business not you
Barbershop, I'm talking about prior to Freedom Day mate and the change in status to the voluntary wearing of masks.
As for any of any of my investments it's a mindyer
Mind yer own business.
What I have in any share is of no concern to you or indeed anyone else.
Was asking if there was anything that elevated this above the roll of the dice for latpulldown...so not sure where you plucked the 100% from....
A roll of the dice is 50/50, hell of a lot of ground between there and a 100 %....
Does beg the question, Why'd you invest here latpulldown?
Is this a roll of the dice for you or do you have something to base your investment on?
Didn't see anyone with a mask on going in, never mind sitting down. Certainly didn't see anyone trying to eat food through the mask....
Can we just clear this up Fun Investor for the benefit of all on this bulletin board.
Are you formally trained in or do you possess any formal financial or analytical qualifications enabling you to be making any such financial assumptions or projections on Cineworld?
If so can you screenshot them and add them to the bulletin board so that all can see them.
The truth of the matter is that there are simply too many unknowns for anyone to be even hazarding any form of guess on this.
Here's a few questions for you, just off the top of my head that are potential influencers on either revenues and profits or on the cost side of things.
What cut does Cineworld get off Disney?, Paramount?, Universal? - All unknowns and confidential. How have these changed post pandemic to reflect shortened theatrical windows and day and date release?
What were the ticket prices pre-pandemic compared to now for 2D, 3D, Screen X, Imax, 4DX at all the cinemas - in all 10 countries that we do business in, from the US to the UK and Ireland and in Rest of the World countries we serve. Same for Unlimited pricing across all those countries.
How do food and beverage concession prices compare pre-pandemic to now in all the same 10 countries?
Another - Did the ability to take your mask off whilst eating and drinking - encourage more customers to buy concession items. (I did notice a very high proportion when I went to see Godzilla versus Kong)
Some also mention not the same number of supplementary films out there right now. Keeping the balanced view on this and given a high proportion of staff are on Zero hours or flexible contracts does that then mean we have been able to scale back proportionately on the number of staff required and save on costs?
Hammerson, as a commercial landlord across the Board cut the rent for it's customers to 70%. Who else made any such concessions.
Best to leave these calculations to the Chief Financial Officer.
That's the problem with these boards sometimes. The debate is great at times, info useful, but then there's the side of playing who's who. It would be risky to follow what goes on here, because everyone is no one at the end of the day.
As for cine...I'm going to be honest. The sp is not great and not where I hoped it would be. I'd much rather be out of most shares at this stage, but that's just due to circumstances. However I'm lucky that I can still hold and prepared to hope (because that's how I see it) things change quickly. But realistically I don't expect it this year. UK traded stocks are fickle right now. No news, articles, opinion pieces, facts/figures will dramatically improve things during this over dramatic covid situation. It's out of all of our hands. It's really putting a downer on shares that shouldn't be.
Cine is speculative, but as a business, necessary and should be valued higher. However, it's obviously played a lot as a stock. So it's great reading most posts, but deep down I just wish the sp will rise and shut some of us up, or allow us to move on. I would only remain in this stock for divs. So I hope it rises as I doubt I can average down again. Holding until things change. Simple as
I’m pretty sure most of us, even those showing their age like me, would expect £1.20 by December 2022 (a price that was already seen a few months ago).
You’re great and giving facts and reasoning but you don’t exactly push the boat out with personal predictions or leave yourself open to being wrong do you?
£1.20 by December 2022 - pretty sure that’s a figure we can all have faith in.
Mookey needs to pull his finger out and give more people a reason to get into the cinema.
I'm thinking sporting events, Euro's would've been ideal if we'd already removed social distancing.
Has to be other events we can plug into between now and the world cup in 18 months...
Dragon,
You may be surprised at my age.
I’d be intrigued though, no need for a bold statement, but based on the facts you have available to you and your own conclusions on the share thus far (albeit I appreciate these may change subject to information and details) where do you see this share price being one month from now?
No need for a long winded answer a politician would be proud of, just a rough guess of where you see it being one month from today? Only a figure, not an excuse as to why you won’t make a prediction.
60p? £1? 80p?
I’m sure I’m not the only person to hear your prediction.
Remember Dragon, just a price you feel we will be at one month from now after results, not a long winded excuse.
Go on prove me wrong.
I’m loving the Fun Investor and Dragon Bromance!
Fun tends to look on the glass is half empty side of things but his heart is in the right place, Dragon is a fancy words man that doesn’t ever give specific predictions but has fantastic terminology that makes us all read what he says whether we love him or hate him he has great understands of markets and how they work but never ever gives any bold predictions despite his understanding. His short stats and opinion alone is worth reading, great post.
Gotta love this BB, Dragon and Fun Investor, in real life I doubt they would ever be in same circles but on here they just click - beautiful.
I pay £9:70 on a Saturday morning at showcase cinema Dudley, it would be £8.00 on a Friday morning.
Watched Black Widow, ticket was £9.75 (10.75 Inc booking fee). Reel cinema had prices at £3.50 same time if day, Vue would be £5.99.
* Enjoy your weekend*
I never stated it as FACT the attendance was not high enough as we don't have Cineworld specific numbers.
What we do know is industry wide they are some way from prevcovid levels.
It is a FACT that "IF" (as I state) attendances are not at a particular level then cash burn will be faster.
We know Jan - March is c. $60m burn
April mostly closed add some reopening costs and with many restrictions would probably be a good result of April was no worse than the previous 3 months.
May first half mostly closed, by end of month pretty much all open.
There will have been some costs in re-opening over and above your regular open running costs.
June fully open
As we have both stated we don't know the attendance levels for Cineworld.
We know it's less than 2019.
Most people when looking at forecasts and finances would look at data they have and post covid to pre covid is on balance (IMHO) unlikely to have a dramatically different split in box office to concessions take.
That is my opinion and not as yet FACT.
IF concessions are significantly greater proportion I will stand corrected (I don't view a few percentage points move significant in this).
We both want Cineworld to thrive going forward.
"Remaining closed is less costly than being open so cash burn is faster if open and not achieving high enough attendances (none of us know Cineworld's attendances for the period open as yet)."
No that is not the case at all and you well know that.
The first part of that statement is correct "Remaining closed is less costly than being open" Correct as you have staff costs, electricity consumption, cleaning etc to pay for. FACT.
The second part though "so cash burn is faster if open and not achieving high enough attendances" That is NOT FACT but your OPINION.
You have made the statement and then tried to instantly row back after making it. "(none of us know Cineworld's attendances for the period open as yet)."
So if you don't know Cineworld's attendances for the period open then you cannot say
""so cash burn is faster if open and not achieving high enough attendances"
For all you know they could be making good money.
Everyone knows that it is not just ticket sales that make up revenues and profitability and similarly you have no current knowledge whatsoever or concrete facts on say licensing agreements, whether there have been any cost savings etc.
Stick to facts and you rarely go wrong.
Night out time and a weekend of enjoyment.
Being open gives you the opportunity to make money to cover your costs.
Also how much did you pay ?