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@Ianharding
Well said. Think well back to the 2008 credit crunch when the rating agencies had been accused of taking
bribes in exchange that the credit rating agencies would give a positive outlook for the said company.
In 2008, at the height of the global financial crisis, rating agencies were accused of misrepresenting the
risks associated with mortgage-related securities.
Critics argue that the ratings agencies failed to take into account the potential for a decline in housing
prices and its effect on loan defaults.
hxxps:// eu.usatoday.com/story/money/business/2013/09/13/credit-rating-agencies-2008-financial-crisis-lehman/2759025/
Everyone on this board, US or UK, are here because they know they can get a good chunk of profit from this share. I got 105% rise few months back and 60% last two weeks ago when it rose to 60+. But saying something like what will happen next week on speculation alone should be counted into SP seems a bit ridiculous. That’s just desperation.
Dude watch the Big Short. Rating agencies get paid by companies to give good ratings. Ratings companies are in a battle for business from other ratings agencies..you have to take what each one states with a massive hand of salt ( like pinch, only far less reliable).
You’re right. Most openings haven’t affected SP. market sentiment has. I’m not one to chase SP fluctuations, you’re buying into the company - not sp. unless you’re a trader.
However, cine is different in that their opening has been delayed again & again - if it (hopefully) goes ahead this time - market could see it as a positive!! It may not be priced in simply because nobody knows whether or not it is going ahead. Could change the night before!
Seems like UK traders are not seeing the woods from the trees, unlike the American traders. I expect positive movement next week. Although Jangho buying spree might influence over companies looking to buy Cineworld buying a stake in the business, rather than see Jangho snap Cineworld up unchallenged
Why would US opening next week count into SP this week? I can’t understand smth this simple can become a question. No share price went up based on speculation alone. New about opening doesn’t guarantee audience. The data can only be collected on the openin day itself and then the company can start to speculate what the earning might be using these statistics.
Every single business requires enough customers to operate pre and post covid.
Shares in EVERY single business can at any point in time both go up or down.
Everyone does or should know this so zero need for further mention of Cineworld specifically on these fronts.
I don't think anybody here is oblivious to the high risk with this stock.
But that's why we're here. High risk, high reward.
The only sensible bit is to only pump in what you are comfortable to lose.
Analogy time but I don't go to bungee jumping sites to tell them that the rope MIGHT break sometimes. Constantly.
If this is too risky for anyone, go and invest in Coca Cola or even better - a 0.1% ISA, otherwise you're just shouting at bus stops.
@indepth....
And other days on here with multiple derampers and idiots spouting.... 35p finish with no logic at all... where is shorty btw... at the cinema with his mum i guess!
@indepthwins
All those spread betting companies like the IG Index and CMC Markets analysts, are trying to get
punters to place short selling positions knowing very well that the Cineworld shares will be the
ones that will have the biggest rise and therefore the biggest return for them as punters would
place massive bets shorting Cine shares at a massive loss with no return back to the lows.
Spread betting firms are rotten to the core.
In-depth you say you traded because you had confidence the sp would rise
People are investing because they have the same confidence the s.p will rise
They know the risks/debt etc
You’ve told them over 1000 times
Now stop trying to put people of their investment if they want a punt that’s entirely upto them
@Tog91
Exactly well said. They're not going to be a strict as like the legislation passed for wearing a seat belt
at all times unless you're exempt which is now the same as we're seeing people saying that are exempt
to wear a mask on medical grounds or whatever. 'There is many ways to skin a cat'
Retail sales will be more than ever. Due to new legislation requiring everyone to wear masks in the cinema the only loop hole is that whilst seated you may remove your mask so long as you are eating or drinking. Think about everyone buying enough popcorn and drinks to ensure they don’t have the discomfort of wearing masks throughout a film.
I found that all very interesting and well written. Thank you. The names of the films where particularly good Unhinged onward and American pickle. But I still don't understand what is your agenda. Thanks for reply. Onward unhinged American pickle.
Was the court case delay announced whilst the market was open on Friday? Or may we see a share price jump on Monday from this?
Cineworld has no immediate refinancing risk with its current RCF maturing in 2023 and its first term loan maturing in 2025.
I and many other like minded investors believe attendance will be restored comfortably before this time, given the progress of global vaccine programmes.
Movie attendance over 10 years.
Fluctuations over the years and 6-10% difference.
Year Ticket Sales Total Box Office Inflation Adjust Ticket Price
2019 1,235,481,028 $11,255,234,925 $11,255,235,020 $9.11
2018 1,311,323,185 $11,946,156,764 $11,946,156,940 $9.11
2017 1,225,639,761 $10,993,991,460 $11,165,578,252 $8.97
2016 1,301,658,904 $11,259,352,764 $11,858,112,611 $8.65
2015 1,323,266,320 $11,155,138,079 $12,054,956,180 $8.43
2014 1,257,400,618 $10,272,966,196 $11,454,919,630 $8.17
2013 1,339,168,926 $10,887,446,341 $12,199,828,924 $8.13
2012 1,381,106,440 $10,993,610,207 $12,581,879,666 $7.96
2011 1,282,891,759 $10,173,334,063 $11,687,143,934 $7.93
2010 1,328,549,023 $10,482,254,025 $12,103,081,605 $7.89
Streaming is an established technology and bandwidth has opened it to the masses, both legally and illegally.
Yet, cinema attendance remains much the same and Marvel “comic” movie blockbusters have most recently enticed audiences back.
Speaking of which, Marvel Black Widow remains set free theatrical release, 6th November 2020.
Cheers for the responses on this! Hopefully the US opening & and increased revenue will reflect on the SP next week and the coming weeks after. This is a punt for me and hopefully pays off. Good luck all
I have an agenda on here! I have shares and actually I would like this company to do well so every so often I read what more knowledgeable people than me have to say. Indepthwins when I do read what's been said you are always on I mean always and you seem to be very negative may I ask do you have an agenda or do you just not like the company. Or maybe I just read unfortunate input. If that's so sorry.
@indepth, I hope you don’t mind me changing the wording of your statement.
I’d like you review it and then assess its merit.
As I keep saying, the key to ANY LEISURE INDUSTRY’s future survival and suceess or failure, is obviously the future ANY LEISURE INDUSTRY’s attendance levels and retail spend. Will they be enough ?
This is the big question, this is the big unknown. This we cannot predict accurately in the current coronavirus environment. Only time will tell.
It’s rather academic, isn’t it?
You’re debating the viability of virtually ALL industries.
As Bsinkers states, it’s about risk vs reward and appreciating the fundamentals and as an informed investor making a call of your portfolio is open to the risk and the reward.
Risk and reward stacks up
In-depth that is why the price is what it is and people
Like those on here are taking the punt that they will manage to recover. It’s that simple. We are taking the punt.
Yes I would RS2002. I’m in at 58p avg and don’t care what happens between then and now. I might buy more if I have funds available and the price is right. But I’m just holding this for the long term
I’m not privy to the details of the lease negotiations. I will review financials in a September when I get my hands on the H1 report as will analysts. Thus, any investment must take the worst case scenario, my opinion is this has been factored in the share price amongst be artificially suppressed by short positions, capitalising on uncertainty.
What I do know is Cineworld have, directly and indirectly revealed how they are conducting themselves to remain solvent and hold enough cash to see them through this pandemic.
SIX days to 73% of Cineworld, it’s US Regal estate reopening. I look forward to that and further developments.
For now a huge element of uncertainty has been deferred to September 2021 (13 months) concerning litigation concerns. That meets my investment strategy.
Apt statement that: “ Simple. It will recover when normality can resume for its business, that could be travel, cinema or other leisure.”
Would you agree, if a company is lined up to see 73% of its estate reopen, generate income, support an enticing movie slate, as reason to support a share price increase?
I do.