Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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I would love to see NY re-open as well - it would make studios consider bringing forward some movies.
Something man analysts called out including the BOD in their recent H1 report was that big cities in the US, LA, SanFran NYC were not open and forced the studios hand. If they can open this side of Xmas, we could be in for a surprise to see some titles with their 2021 placeholder brought back to late 2020.
Sorry John I just don’t see it...
They have millions coming back from landlords for the refurb costs they have Outlaid and they were very positive when they were mentioning the way to boost liquidity and Rights issue was a last resort if cinemas close again
I was very pleased with how
It’s all come out today, I was expecting a larger drop
And defiantly not how it’s held at this level
Great news and certainly within the 6-9 months (considered a ramp by the unhinged) timeframe.
To be fair it actually looks good from here and cannot get any worse that it already is.
1. Movies are lined up from nov 2020 through to most of 2021
2. Good cash flow expected over the coming months to cover any debt related issues for sept 2021
3. Cinemas are OPEN for business NOW and lockdown does not seem like a possibility so far
4. Share dilution will not happen at such a low SP
5. 25 to 30 % remaining cinemas in US will open within 2 to 6 weeks
CINE should be able to cover most losses in 2021 now that they are OPEN for business. I think it may be a good time to top up at any dips for long term holders.
It looks like both LA and San Francisco could open on Oct the 6th aslong as their cases don't increase over the next couple of weeks so would be a big day in terms of number of cinemas reopening.
Rampant spinning of the facts and covid-19 denial doesn't give a real idea of recovery it just adds to uncertainty.
I would say it's a fair assessment to state within 3-6 months those will complete. That would then afford Cineworld, 6-9 months to see admissions INCREASE, ride the very lucrative backlog catalogue of movies available for 2021 and importantly firm-up the cash flow and the balance sheet well ahead of September 2021.
1. NY and California movie theatres reopen - IMMINENT
2. Vaccine approval - IMMINENT
3. Takeover news - HIGHLY LIKELY
Liquidity to Sept 2021 - by then all 3 of the above most likely will have occurred !!