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Good post Johnny, also whatever quarter 2 loss is, 19% of it can be claimed back immediately as a tax credit.
The big news on Thursday wil be if the (proper) analysts can determine if Cine can see things through to spring 2021 at least.
If you're years long on this, that should be your only concern.
My own opnion is that if they need to take on more debt, they'll find it because it's a licence to print money as soon as the first vaccine injections start. It's not like traditional high street retail which was on it's backside for years. Anything social like pubs, restaurants, bars, cinema will never go out of fashion.
It's also a MUCH bigger part of U.S culture than it even is on our shores.
If you need the cash back soon though, I'll admit that's a different story.
It's a gamble up to November / December when vaccine approvals are expecetd.
And I'll actually give some caution (see, it can be done without coming across like a complete arse) as I have a feeling that even Bond will get pushed back to 2021.
Was at Cine last night watching Bill & Ted and the Bond trailer that previously said 'Coming November' has changed to 'Coming Soon.'
Make of that what you will. Might be an old reel. But I want to give a bit of measured caution to those who need to see a fast return on their investment.
However, with something obviously big bubbling away behind the scenes, there could also be some major positive news brewing as well.
Short term, this is a gamble.
Long term if the results show they can ride it out, a solid buy. And I'm talking 2-3 years at least.
Just offering up some genuine opinion and a smidge of news from the trailer last night.
As always, Do Your Own Research and Good Luck All.
Estimated figures are based upon past year performance in year 2019
Cineworld was operational from January to March so all calculations based upon that
Revenue from January 2020 to March 2020 = (4.369 billion/365)* 91 days = 1.09 billion (although revenue was higher than 2019 as per RNS but still taking lower figure)
Operating profit from January to March = (724 million/365)* 91 = 181 million
Net interest = (540 million/365)*91 = 134 million ( Although net debt was decreased from last year as per RNS still taking the higher figure)
Net profit from January to March = 47 million
Estimated cash burn from April to June assuming 40 million per month = 120 million
Net loss upto June 2020 = 73 million (Not much is lost and Business will be booming soon)