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280 points up currently....
Can anyone see how the Dow will open?
I can't see a buyout of Regal happening Timmy, it just doesn't make sense for Cine to sell the majority of their business at current valuation based on what they recently paid for the Regal chain.
You can see from the proposed Cineplex deal this is an empire building exercise and I don't think the current pandemic changes that objective (current challenges around plex acqusition aside). Strategic partnerships with studios yes, bring it on, selling out, no chance.
@HeresHoping - Of course, only you can choose what you want to invest in. I've had a few learning curves which I'll admit but I've only lost out on one share so far - FJET. Others I ave done okay in.
Tall_chap, we couldn't possibly say. If we make figures up, we are no better than those who have spent the last 2 months deramping and shouting out stupidly low prices like 19p.
As somebody else has said many times on here, if cineworld was at AMC levels of precovid levels, we would be around 1.17p.
Personally, I think cineworld will be over 60p by Friday, but thats hopeful thinking and pure guess work. Like others say, do your own research, best way.
Why everyone is after Cine now, why sudden raise in Sp with no official news?
possible leak or is this pure speculation?
@PrayFor - Thank you. I wish you all Good Luck, I wouldn't wish anyone to lose money in anyway shape or form. I'm on the scout for a new share as FJet has screwed me/others over big time and setting to look like it's going to delist. I'll still be keeping an eye out on CINE. GLA
DM has a valid point. However, as we all know by now, cine make profit at 25-30% occupancy. This gives them huge scope to social distance. They can show the big hitters in their bigger screens while using the smaller ones for the less popular movies. They are in a really good position to socially distance, unlike say swimming baths and casinos.
So what price should this be at now? Feel undervalued imo
@timmycoles - Never had shares in this, so your comment is invalid. I do however keep a close eye on shares. So there's no need to be rude. granted you're entitled to your opinion as am I. GL
Debt worries have been MITIGATED.
Per point 4 = Debt may be Grade B but that is it - it's debt. Investors aren't trading debt securities so the grade B (like Rolls Royce btw) has a default risk of 4-6%, so 94-96% positive outlook for their debt, again from a private investor who is trading equities securities by way of stock purchase is not fazed by this.
Cineworld will PASS their debt covenant test this December 2020 with ample room to spare.
The next test will be July 2021 at 5.5x and given the progress of a global vaccine and the V recovery that global markets are prediciting, Cineworld is projected to meet this covenant test and pass it too.
If you want to sit on the sidelines and wait for a 18p entry you are free to do so.
Savvy investors are getting onboard to ride this back up to £1+ in the near future.
Don’t listen to Dmaggie he obviously got scared and sold solid potential, top up Now
Read the news Cineworlds American arm potential buy out, due to paramount court case.
I’ve bought in sold all the other junks shares such as Amigo, I can see this being a pound soon.
very risky to me personally, sales will be down even if covid is lifted because people will still be cautious about being in large crowds. social distancing won't be a shadow of the past, I think people will be more aware and will stick to being distanced now they know it works. DYOR and GLA
Great summary. So what do you 3xp3xt the so should be in a month?
Thinking of investing. Been burnt going in at the top, but this looks under priced and once out of covid will be well above £1 I expect? Any financial worries....
The market has realised that CINEWORLD has been OVERSOLD.
The fundamentals are being realised.
1. Cineworld cinemas operate a profit at as little as 20-25% capacity and are on course to open all their territories before the close of this month.
2. Face masks worn is encouraging as it promotes the government's message and mitigates the risk of further closure.
In line with government guidelines, all customers will be required to wear face coverings whilst visiting our cinemas from Saturday August 8. They can however be REMOVED to consume food and drink (a great upsale for concession sales, you will agree). Source: https://www.cineworld.co.uk/static/en/uk/blog/cineworld-cinemas-reopening-FAQ-frequently-asked-questions-coronavirus-covid-19
3. Schools re-open next month September, millions of children sitting for 6 hours+, side by side, no social distance or masks and frequent touch points vs cinema viewing in staggered, static seating with frequent cleaning and controls is a lot safer.
4. Debt may be B grade but that is it - it's debt. Investors aren't trading debt securities so the grade B (like Rolls Royce btw) has a default risk of 4-6%, so 94-96% positive outlook for their debt, again from a private investor who is trading equities securities by way of stock purchase is not fazed by this. Cineworld will PASS their debt covenant test this December with ample room to spare.
5. Shorts are nothing new, in Jan 2020 this year shorts were 14% and share price was 164p (4 x the current SP).
6. Tenet the BIG Blockbuster of 2020 is to screen in ~2 weeks
7. Cineworld US (73% of their estate) is to open in ~2 weeks and will ACTIVATE 300,000+ subscriptions, each paying upwards of $23/month
So if not it's expected to fall back to.....40p awaiting further speculation?
Undervalued but why up today? And what are expectations here?