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...on whether it was possible. I asked if they had released their plans like other cinemas have.
I did not ask a question.
You've answered your own question. Pretty easy to space people apart in a cinema as has been mentioned on this message board. Maintaining social distancing seems a bit futile anyway, visit any supermarket; people still quickly sidestepping past one another.
They've pressed forward with step 2 because they needed young children to go back to school so care givers can go back to work and slowly reduce strain on the furlough scheme.
Step 3 is starkly different from step 2 and comes with many more risks. I think they will tread carefully with opening up bars, restaurants and gyms. They may view cinemas as a lower risk due to the ability to space everyone far apart.
I just dont see it staying at that level without some form of confirmation they're opening. They've not even shared any plans on how they will maintain social distancing have they?
Cineworld closed up 11% on the day. IMO I expect another attack into the 80-90p range tomorrow.
So that’s about 26% up this week, heading back to a fair price. Any thoughts on where next? Rampy or Dampy?
Do the opposite? They've got that bit covered, which is why there are contradictory articles!
The give-away with Motley fool is their website, absolute rubbish posted and generally do the opposite, check out Anton Kreil on YouTube... private investors just provide liquidity for others.
Streaming services killed video/dvd rental. I don't believe they've had any effect cinema revenues.
Feels like a bit of a false equivalence.
Offer them up then, play devils advocate.
Don't expect others to do that for you. I'm bullish as you can tell. It's no secret. Sorry if that hurts your feelings. Sorry that you haven't been able to buy back in at your buy price of 62p. Nothing I've seen so far is going to change how I feel about this stock or what I decide to post.
It's quite pleasant at the minute! I've got a few windows open and there's a decent cross breeze coming through my home office.
I take your point however some varying views would benefit the board more than just one-sided BUY NOW QUICK ones.
So what should we talk about nightyard? the weather?
People don't need you to Google articles and post a select few to suit your goals here.
People know how to Google "cineworld" and then click on the news results tab.
Because I fundamentally disagree with the majority of what's written. Why would I promote things I don't believe?
The article states "Why go to the trouble of travelling to a cinema and sitting among strangers when you can replicate at least some of the experience in your own living room?"
I would argue that the cinema experience cannot be replicated so this statement itself is dumb. The fact that cinema viewership has gone up year on year from 2016 to 2019 regardless of the rise of streaming popularity and also the fact that movies such as Avengers Endgame can make $2.8 billion alone at the box office and that that the box office itself is worth $50 billion annually is a testament to that fact.
This board is for discussion, if you feel the article has valid points, let's discuss them. But don't expect punters to post articles they don't believe in. That's for people who believe in them to do. More than happy to have a discussion\debate with whomever wishes to bat for the losing team
This share is a corona crash 'get me up'. With changing habits I think investors may be wary of it in the real long term.
I'm with you on that dreammachine. I definitely see it going up to 99p+ before July, however, there will be retraces along the way.
and just 7 days ago, another author on Fool posts this:
"Steering clear of Cineworld
Cineworld was, of course, forced to close all its sites back in March in an effort to reduce the spread of Covid-19. While there’s now hope that restrictions will be lifted, things are very unlikely to return to normal soon. Indeed, the continuation of social distancing may even lead studios to postpone blockbuster releases until they can be sure of making a decent profit. They could even bypass the silver screen completely.
The huge reduction in ticket sales isn’t the only problem Cineworld has. Thanks to a questionable acquisition strategy, the company has an absolute shedload of debt on the balance sheet. Reducing this burden could prove very difficult.
What’s more, the relentless rise in the popularity of streaming services, such as Amazon Prime and Netflix, and the quality of home entertainment systems these days makes me wonder whether cinemas will ever be as popular as they once were. Why go to the trouble of travelling to a cinema and sitting among strangers when you can replicate at least some of the experience in your own living room?
Taking all this into account, I just can’t see the road ahead being anything but rough for Cineworld and its shareholders. A valuation of just 4 times earnings may be enticing but feels fairly meaningless as things stand.
For me, another part of the leisure sector looks a far safer bet, albeit at far higher valuations. "
I do wonder why you didn't feel the need to share this article along with all the other articles you've recently shared?!
https://www.fool.co.uk/investing/2020/05/20/forget-cineworld-shares-this-top-growth-stock-looks-a-far-better-buy-to-me/
Cineworld Group (LSE: CINE) shareholders have reason for optimism this week. Moves to reopen cinemas in the US were already underway. And planned further relaxation of the UK’s strict lockdown rules give hope for the business opening again here.
Before we get excited about what might seem like a rapid growth stock, let’s look back. So far in 2020, the Cineworld share price is still down 63%. The shares had been struggling even before the Covid-19 crisis struck, losing 74% from a peak in April 2019.
Had the total lockdown continued for a year, or even six months, I could have seen the end of Cineworld. And a lot of other companies too. But it looks like it’s going to be a lot shorter than that.
And when such a company defies the pessimism and shows sparks of life, the share price can quickly shoot back up again. It’s too hard to put an accurate long-term valuation on the Cineworld share price. But I think a fair valuation would be a good bit higher than today’s price. I’d buy.
https://www.fool.co.uk/investing/2020/05/27/the-cineworld-share-price-is-still-surging-after-the-crash-and-id-buy/