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Good information here !!
Attaboy
Good article posted about Mulan and why it went PVoD. No suprise given the political tensions between US and China.
Source: https://www.cnbc.com/2020/08/06/mulan-went-to-disney-out-of-necessity-wont-become-the-norm.html
Cine will bounce back .... Cinema experience is only getting bigger and better !!
Whatever you think about the chances of survival, without doubt things are taking longer to get towards the new normal, so the road to positive cashflow is being pushed further out. This will exert pressure on the shares near term. Given the 73% capital to debt ratio, any delays to a return to positive cashflow are markedly reflected in the share price.
No chance of bankruptcy. We have enough funds to deal with Covid19 for the next 12 months. I have just added another 18000 shares. Trolls can keep shooting us down I will continue to buy. All good things come to those who are patient.
Current Market Cap circa 450m indicates Incredible risk reward opportunity at these levels IMHO. In for a few
I have to agree with you RS2002, the risk of bankruptcy is small, that thought is an over reaction.
We have seen a number of regional lockdowns.
Cineworld furloughed staff and mostly use flexible staff read: zero hour contract staff so costs are easily scaled.
This has been reported by Cineworld in their RNS.
If you think cineworld will get through this then the rewards are just enormous now. If it turns it could get to £1 just on sentiment alone...
How can everyone complain about short guy he said shares will drop when I was thinking of buying at 46p now there in freefall 32p so he saved me 14p a share so far, all this talk about films coming out, cinemas opening etc means nothing until it does, there could be 2nd lockdown of cinemas in UK, a burning through 50m a week when staff were furloughed is peanuts when they have to start paying wages ni pensions again
I wish i had some more to top up aswell but i m happy with the 10k share i ve got at the moment
I’m topping up. These prices are approaching March lows when liquidity has improved. I never thought such cheap prices could be had.
Good luck, all.
Some goods news for James Bond fans.
No Time to Die's release date is now November 20 in the US. As per usual for a 007 movie, it'll be out prior to that in the UK, where it debuts on November 12.
Studios have reaffirmed their desire to see it on the big screen with a recent tweet.
So are well all skint yet? At least my covid test came back negative but knowing my luck, especially here, I probably got it on the way home.
Have a good day, other shares will fly today, rainbow chasing is dangerous, holding here is hard work.
I'll pop back later to see the tit for tat rubbish that happens very nearly 100% of the time here. I include myself in that.
I emailed them at investors@cineworld.co.uk to ask.
Their website states they have an email notification service, so you can register your email to receive a mail shot when it is announced and published.
Can someone contact Investor relations and ask when interims coming out ?
Good luck, Denis.
Pre-Covid 19 investments would not be looked at daily.
Granted we are seeing volatility, if you’re confident in your investment and aren’t skewed by those with an interest to short, switch off this BB and come back 21 August.
For now we await the H1 results.
Rival AMC have faced a very hard time and restructured and financed.
Investor Hosai mentioned they are now at 54%(?) of their pre-coronavirus share price. We are at 20% do a huge disparity which does suggest we are oversold.
"We have substantially increased our cash reserves, and improved our liquidity in other ways to extend our financial runway into 2021," says CEO Adam Aron. "Now we can focus solely on the all-important task of opening our theatres in the U.S., Europe and the Middle East safely and responsibly, allowing us once again to welcome moviegoers back to our big screens at AMC."
This has demonstrated to the market the survival of cinemas.
Shorterguy begone. You are not worthy to be taken in consideration.
Yes i agree with you @RS2002.... I am in longterm and i am well aware of the volatility and probability for it to go lower into the 30s.
No one knows for sure when the H1 results are due but expect it to be today based on press coverage and the 2019 H1 published around this time, last year.
Today is 2 weeks to US re-open.
That is a big milestone.
It may be manipulated further with tree shakes but long term investors need to accept the volatility. They are not trading it for intra gains.
Each investor has their own strategy including the shorters so I’m not bitter. What I don’t like is manipulation and bullying tactics to scare investors making rash decisions.
Take a balanced view and if Cineworld is of interest, take a take and be patient.
If it doesn’t appeal, good luck with the rest of your portfolio.
thank you for posting this , i was aware of this but it seems silly to post any factual information when you have so many kids trolling on this bb. Shotrerguy has no valid arguments to bring in a debate. Silly of me wasting my time trying to understand his point of view at first.
Why I remain invested?
1. Sufficient liquidity to keep them going to July 2021 in the UNLIKELY case they remain closed for the balance of the year.
2. They have re-open most of their cinemas across their territories and AVOIDED increased debt of $2.3 BILLION when Cineplex (Canadian cinema group) breached the terms of the takeover and was subsequently scrapped.
3. US re-open making up 73% of their estate is set for 21 August, so TWO weeks from today.
4. Big blockbuster Tenet is being released 26 Aug in the UK and 3rd Sep in the US
5. Share price is 80% down from 176p (pre-covid)
6. US cases declining
7. Vaccine trials progressing and approaching end of Phase 3 trials (in the case of Russia, ready for October).
8. Demonstrating resistance to drop below 34p when further bad news is received on movie delays or changes to PVoD strategies for certain studios and movies.
Are we all expecting an RNS....somehow I don't think it'll happen. Prob just more decline. No news, bad sentiment more red. Certainly been an unpleasant few weeks.
Cineworld’s probability of bankruptcy is based on Altman Z-Score and Piotroski F-Score,
Source: https://www.macroaxis.com/invest/ratio/CINE.L/Probability-Of-Bankruptcy
The risk of default of B grade DEBT = 4-10%
Risk of bankruptcy 7%
- negative outlook ~10%
- positive outlook ~90%
Whilst the grade of their debt is B, unless you’re a capital fund which has a desire to trade DEBT SECURITY which is a type of financial asset that is created when one party lends money to another. For example, corporate bonds issued by corporations and sold to investors. Corporate bond investors lend money to corporations in return for a pre-established number of interest payments along with the return of their principal upon the bond's maturity date. Cineworld’s maturity for its debt is 2023, but keep in mind when purchasing stock, you are trading EQUITIES SECURITY.
In short, unless you’re trading debt securities, the B grade is not relative to the performance of the company merely demonstrates the 4-6% risk of default for those who are doing debt securities trading such as institutions.
Cineworld share investors are buying into is a EQUITY SECURITY and are assessing the value of the stock on its ability to operate and perform post coronavirus.
IFRS 16 is a way to incorporate leases into debt.
Cineworld’s net debt is $3.5BN as declared as of March 2020, we will see what it is at H1 soon in terms of cash burn and what contingent funds they have to sustain operations as they approach US (73%) of their estate re-opening on 21 August, this month.
Private investors don’t be manipulated by those pushing negative sentiment, DYOR and consider the company for your portfolio with a balanced view of risk vs reward.
Good luck.