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What film did you watch ?
Went in today around 2.00 pm to watch a movie.
Have to say the ticket prices are high compared to competition, really should try some 2 for 1's to get people in buying food and drinks.
Also I'm the only one wearing a mask going in, had thought Cine were still insisting but sign on door only says they recommend face masks.
Only 9 people in the screening, have to try something to get more through the doors.
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).
The additional liquidity raised is more than wiped out by settlement to the dissenting shareholders.
None of us know exactly or for sure, but I would expect there to be rather less liquidity at the end of first half 2021 than there was at start.
I am not saying by any means the business has or is almost about to run out of money at any moment, but it's fair to say I am sure they would like more liquidity while the business and the world still has levels of uncertainty.
Start year c. $732 - less $60 per closed month, less c. $235m for dissenting shareholders.
Debt repayments alone are sizeable every month.
We have all seen the industry wide box office numbers.
Less than 3 weeks we shall see if Cineworld are swimming in cash or not.
"Still relatively early days, but Cineworld liquidity makes it difficult to wait a lot longer for this additional supply."
Mooky sorted out Liquidity till year end - had cinemas remained closed.
But they have haven't remined closed. They have stayed open.
There is an RNS in the RNS tab above that accompanied the raising of that additional liquidity.
smalltrader having a fraction of the total revenue is NOT back to 2019 levels.
Not sure I said numbers back (fully) to 2019 levels for what has been released, but decent numbers for a limited release so far.
That's not enough, we need more MUCH more supply on regular basis.
Still relatively early days, but Cineworld liquidity makes it difficult to wait a lot longer for this additional supply.
FI, you agreed other day that demand is back to precovid levels when we did the numbers for box office revenue.
Even HSN(poster here) provided the numbers. It is just the number of movies that are less than 2019.
The finanicials since the last results will be poor relatively when compared to 2019 but what market needs is whether the outlook is improving or not and it surely is.
Its a good thread to start, its an important day,
As you say You would like to think its all priced in already being shut part way but I'm not convinced , financials in March everyone knew we were shut but that still didn't stop us dropping of a cliff to the low 90s at the time once announced.
There will be expected earnings/losses and if mooky can provide better them expected we should see a rise , if worse then expected a drop.
Financials are clearly very important , however I personally feel the forward looking statements attached will be just as important , if financials are worse then expected these statements give mooky a great opportunity to convince the markets what we all believe here , that cineworld has a bright future.
The following financials will be the big one , hopefully this will be a nice stepping stone in the right direction
Like many things open to interpretation smallT.
Some may reasonably argue that the F9 and BW figures are some of the worst seen for both franchises.
Actual financials will be poor for the accounts, much will depend on the spin the company can put on them and how second half year is shaping up.
Just started a new thread to discuss.
Like I said, Interim results are for the period till June 30th. Market already knows that cinemas have not fully opened until June so that info is priced in already.
We also have seen that F9 and BW numbers are good and they matched with some of the movies released in 2013, 2014 and 2016!
Expect Mooky to say demand for movies is more than expected. Read the Mooky's interview on Deadline.
So interims should be upbeat from Mooky.