Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Really good news and good day. Hopefully the trend changes after few really difficult days. Bought some more just over 60 yesterday to bring my avg down.
As it just shown, this one could recoup all the losses in a day.
Hope my other stock AML does the same recovery.
If you have a ‘Plus’ account, the membership duration has just been added on. If you have an unlimited membership and pay monthly, the payments stopped on 17th April. They’re resuming again inline with the opening date this month. Effectively, Cineworld has lost a little less than 3 months of revenue from Unlimited members. That’s in the UK. I’m not sure how it was was handled in the US as each state has been handled individually.
You're correct, it does appear to be a 2018 T&C document however this is one that is referenced on Cineworld's site when they cite clause 15.2:
15.2 Cineworld will not be liable or responsible for any failure to perform, or delay in performance, that is caused by events outside its reasonable control (Force Majeure Event), including any act, event,non-happening, omission or accident which may be due to the following: (iii) Fire, explosion, adverse weather, snow fall, ice, storm, flood, earthquake, subsidence, epidemic or other natural disaster
Their site themselves state that they will continue to take annual membership fees and will seek to credit an extension of time. Thus it is reasonsable (as you say without knowing the actual membership numbers in the state of CA) to accept they will still be in receipt of membership fees.
Cineworld have published their FAQ here: https://www.cineworld.co.uk/static/en/uk/blog/cineworld-cinemas-closure-faq-coronavirus-covid-19
RS2002, thanks for your references, but I don't think terms from 2018 address the current position. Cineworld never anticipated a full closure across the chain.
HeresHopin's comment looks right and supports my view that memberships will be suspended in states until they open. Therefore, there is no additional revenue from closed states. That said, without knowing what those memberships amount to ($$) we're probably splitting hairs. But I'm guessing you could figure that out ;-)
Correct @HeresHopin. Annual memberships will continue to be taken and additional time afforded to extend the period.
Regal Cinema Source Here: https://www.regmovies.com/static/en/us/theatre-list
Cineworld T&Cs on Unlimited Here: https://www.cineworld.co.uk/xmedia-cw/repo/unlimited-card-terms-and-conditions-valid-from-12-12-2017-until-23-05-2018-inclusive.pdf
Until such time that cinemas are open again in each state, membership is suspended.
RS2002, a good breakdown (assuming your source is valid), and 80% is a decent level of opening. However, how the CV plays out in the US over the coming weeks will be key.
But you say, "California, Texas and Arizona also part of the Unlimited card membership scheme, they will still bring in revenue whilst their cinemas remain closed." Memberships have been suspended while the cinemas have been closed. I doubt that memberships in those 3 states will be restarted until they reopen. Or do you have information that suggests otherwise?
That post gave investroid a heart attack
Thank you, great post. I was trying to work it out the other day but you've just laid it out perfectly. Spot on.
Yes, excellent post RS2002 - recommended.
@RS2002 That is a great in-depth analysis of the current Cineworld operating forecast. Thanks
Good, informative post RS2002 - much appreciated.
- Regal owned by Cineworld operates 564 movie theatres in the US
- 46 of the 50 US states have a Rega/Cineworld presence
So what's the percentage split? See below for yourself.
Discounting California, Texas and Arizona who have extended their shutdown to reduce their new infections - 80% of Regal Cineworld cinemas are still set to OPEN.
When you consider that California, Texas and Arizona also part of the Unlimited card membership scheme, they will still bring in revenue whilst their cinemas remain closed. This puts Cineworld in a very favourable position of reducing operating costs and still brining in revenue.
Florida has made it clear, it is not going back to lock-down.
California's governor, Gavin Newsom has set his eyes on re-opening towards the end of this month and are working hard to bring their new infection numbers down.
Ask yourself, given death counts continue to decline; the former epicentre, New York is doing so well with their re-opening and low infection and mortality numbers, do you want to be out before the inevitble news that the other states are resuming their re-opening?
State Count Percetage
California 87 15.85%
Florida 46 8.38%
New York 46 8.38%
Virginia 29 5.28%
Texas 27 4.92%
Washington 27 4.92%
Pennsylvania 23 4.19%
Georgia 19 3.46%
Oregon 19 3.46%
North Carolina 18 3.28%
Ohio 17 3.10%
South Carolina 16 2.91%
Colorado 13 2.37%
Maryland 13 2.37%
Tennessee 12 2.19%
Indiana 11 2.00%
Nevada 11 2.00%
New Jersey 11 2.00%
Massachusetts 10 1.82%
Illinois 9 1.64%
Hawaii 8 1.46%
Missouri 8 1.46%
Kansas 7 1.28%
Idaho 6 1.09%
Louisiana 5 0.91%
New Mexico 5 0.91%
Oklahoma 5 0.91%
Alaska 4 0.73%
Connecticut 4 0.73%
Kentucky 4 0.73%
Alabama 3 0.55%
Mississippi 3 0.55%
New Hampshire 3 0.55%
West Virginia 3 0.55%
Arkansas 2 0.36%
Delaware 2 0.36%
Maine 2 0.36%
Michigan 2 0.36%
American Samoa 1 0.18%
Arizona 1 0.18%
District of Columbia 1 0.18%
Guam 1 0.18%
Montana 1 0.18%
Nebraska 1 0.18%
Northern Mariana Islands 1 0.18%
Utah 1 0.18%
Wyoming 1 0.18%