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Agree that it will be intresting to see how a competitor has done when they announce thier results , cinemark haven't had a short squeeze like amc for example. And they do have similar markets, locations etc
However if cinemark produce good results I think its unwise to expect bumper ones from cineworld. Hope and optimism maybe but not expect.
As mentioned they do have more screens , more theatre's and how both followed very similar paths in the share price etc etc, but what comes with that are also more costs and overheads. Both have different ammounts of shares in issue , different debts.
Am I suggesting if cinemark produce good results we won't? Absolutly not
Am I suggesting cineworld will produce bad results if cinemark produce good or bad results , again absolutely not.
I just think it's wise to concentrate on our own house , our own revenue and our own results. Observing others is one thing but is a dangerous game once comparisons start similar to how it was when AMC had their squeeze.
I do hope expecting little surprises in regards to major positive with regards to results are unjust , I would like nothing more then the idea and realism we have bumper results , its exactly what this share needs especially going into the autumn months with some blockbusters.
I do not agree that it is bad for CINE if Cinemark results are good. Precovid Cinemark results were good and so were the CINE results. If Cinemark has same number of theaters as Cine and if they have theater in same location as cine then there may be a "slight" chance that better results of one can impact other but again every Dominos pizza has a local pizza opposite to it but the local ones folded and new ones came whereas Domino's is making money still.
Cinemark has around 500+ sites whereas CINE has nearly double than that and could be double or triple more screens than Cinemark.
If Cinemark results are good then expect bumper results for CINE too.
Popeye
Why do you consider it absurd?
We have all seen the full market box office numbers.
They are a fraction of 2019 levels.
Now with that in mind if Cinemark record better than expected results i.e. higher attendance levels then it must be considered a possibility that it is at the expense of one or more of its competitors.
If there is one pie and we know the overall size of it then for one person to have more pie someone else suffers.
Not sure why you consider that absurd.
Now if the whole market has actually done bigger numbers than what is being reported on the likes of box office mojo then that IS a different matter.
Funinvestor - " it could be argued if their results are better than expected it is to the detriment of us (e.g. they took greater market share leaving less for us) FI. That's absolutely absurd and complete rubbish. If our competitors are busy, and their results reflect this, then it certainly isn't to our detriment!!! There's certainly no argument. FI. You normally post some good content, but that is certainly the biggest load of tosh I've ever read from you. I certainly don't buy into that, and I don't think anyone else would??? We want them to be busy, and we want them to post results better than the markets are expecting. End of. Good luck to you though. Atb.
Got a few £££ to average down after my Robin Hood cfd trades
Good points well made Latpulldown, have to say you’re a contributor on here who I believe talks a lot of sense.
InsiderInfo28,
I think most suspect that since F9 Cineworld may well have gone profitable and last nights article was certainly a surprise and very welcome news.
Nobody is expecting miracles on 12th August and given closures for 2/3 of H1 (until May effectively). Mooky did though stage his reopenings gradually and to coincide with the weekends of further releases. The share price had probably over compensated for things in being dragged down from 125p and halving the shareprice.
Improvement and recovery into the future should be the call of the day you would think and a focus on how things have performed since reopening. I have consecutively listed on here several times how things have constantly improved from Godzilla versus Kong opening weekend right through to QP2, F9, Black Widow and then of course we had that article last night.
https://www.standard.co.uk/business/summer-box-office-bounce-uk-cinema-recovery-ukca-b949162.html
Looking forward to see how The Suicide Squad debuts in the US and Canada this weekend relative to Jungle Cruise.
Plumber95 hopefully that will be Cine tomorrow, fingers crossed.
Cinemark up 7% today
On the 12th we don’t need to see any strong results per say (the market know it wont be great results) but what it does so is give cold hard facts and certainty as one thing markets hate is uncertainty.
When they have the cold hard facts and the forward looking statement of positivity for H2 it will effect the share price as it gives clarity that’s missing.
Naturally if we get any positive information regarding court case, deals for future exclusivity windows or any other good news we weren’t expecting that to will have a positive effect on it.
I’d like to think Mooky has kept a rabbit up his sleeve for this set of results more than any other.
While I'm not expecting any major surprises in a good way with results I have been more energised when I saw rolls royce results today , a company whos had a major impact with travelers and managed to post a profit and better then the expected loss of just under 200m
12th is a big day for the s.p but other then knowing the true finamcials and direction we are going jist another day for the lth here
If Cinemark announce better results than expected we’ll see a rise too!
Insider, it may have an effect but I do not expect their results alone to have a material effect on our SP.
It could be argued if their results are better than expected it is to the detriment of us (e.g. they took greater market share leaving less for us).
I struggle to see how we can have achieved more than 60% of 2019 levels (this being the base case Cineworld noted previously for re-opening) on average since opening to end 1st half year so by that assumption I find it difficult for what others in industry report or ours on 12th to be a serious positive on share price.
As I say other factors and a forward statement with substance behind it may well positively impact SP.
FunInvestor, do you not think if Cinemark announce better than expecting results / projections at 1.30 UK time it’ll have a positive effect on Cineworld share price? Naturally if it’s worse than expected and a gloomy forecast the opposite naturally but either way I feel it will have an effect on Cineworld share price.
I will be pleasantly surprised if we do end tomorrow over 70 and then sustain it.
Think we closed today pretty much where we opened yesterday.
Been in this range for a little bit now and not sure anything (we know off) there to move us out of it prior to 12th.
Unless there is a few key and substantiated positives in the accounts e.g. the big potential court case resolved favourably, strong agreements for number of years with other studios, clear intent of much higher film releases and higher attendance levels in half 2 and onwards then we may well have a period yet without any significant uptick in SP.
First half results I can't see being a reason for shares to surge.
Hoping for some/any real news soon to drive us up up UP!
Hello Bonkers - Pretty Wild is the cool cat ;-)
Hi Deeno :-))))
Love ya Bonkers xx
Deeno pretty wild always deserves a special mention.
I bope ypu are right insider , so many times this drops after rises.
Drops are inevitable, small healthy ones are fine , not the kind we have been seeing here lately.
Cinemarks results will be intresting tomorrow.
Hello all - nice rise so needed it . Helps nurse the loss but I believe in cineworld and in a few months all will be good .
A SPECIAL HELLO TO LATPULLDOWN AND PRETTY WILD
Looks like tomorrow could be the day we finally burst through the 70p resistance point - when we get through that there are a lot of clear blue waters ahead.
This could and should be a very quick sharp rise. Cinemark posting stronger than expected results tomorrow could be the catalyst that starts the fast push up and the inevitable short squeeze.
Roll on tomorrow.
Certainly not content with the price , but the afternoon rise is always going to be welcome here
Let's hope it continues into tomorrow morning.