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Fun the only reason you are being questioned by LPD is simply because you are the author.
If someone else had written your post I can guarantee it would not of recieved the same reaction from him.
He does the same to various others. After all the months of ramping nd refusing to talk about certain subjects I would love to hear his opinion on why we are where we are.
But then I question myself do I really care for his opinion the answer , prob not!!!!
ST - if you say so.
Been plenty comment on here about many things, such as: Covid/infections/measures (I don't request everyone doing so be an epidemoligist).
Company share price - don't request all be a specialist broker
Company finances - again I don't request specialist knowledge from all in that field.
None of us know others backgrounds and it doesn't (or shouldn't) matter. We should all be able to express a view and equally may be challenged on that view from any that have a different view.
The company gave us $60m per month closed
Disenting shareholders cost again provided by company and its worth reading company release on that cost.
I (or anyone else here) don't need to be a financial whizz to know there are additional costs to opening and running business than a closed business so burn rate will be higher until you reach a revenue v costs tipping point.
100 year old business that essentially has done the same thing forever.
Nobody knows every single individual deal, but many reasonable assumptions can be made to give an "idea" of how things are.
Let us hope we can all have reasonable discussion moving forward here and no repercussions from expressing each person's own view.
now a days rarely companies are valued based on their fundamentals and it is more about sentiment.
You are here to dampen that sentiment.
Purely based on sentiment around virus, markets crashed on Monday(Freedom day) and bounced back next day when the sentiment changed!
Barclays have come up with the 115p target based on the fundamentals of the business. Jefferies too have said there is 50% upside for the share prices of the cinemas. Everyone knows that you have to divide the mcap by the number of shares to get the price :-)
I don’t think that is irrationally optimistic. Hoping for a squeeze would be. Hoping for a takeover to boost your investment would be.
Unfortunately, those analyst reports are rarely available to the public - Barclays will charge for that service. Only the price. It will be based on PV of future cash flows based on some growth multiple (based on a number of assumptions) divided by the number of shares outstanding. For Peel Hunt, they have obviously applied more conservative assumptions.
I think 115p is perfectly achievable provided the external environment is favourable. I am more comfortable with valuing equities this way rather than based on pure sentiment.
Barclays came up with 115p target based on their "equity modelling". Since their price target, outlook for CINE has only improved. Now wonder if Barclays will also be classified as "irrational optimists" ?
So by pointing out the contradictions in the wording in your post or asking you what your financial qualifications are which causes you to make sweeping generalisations and assumptions then somebody is "unreasonable".
*If you are not presently practising as an accountant or financial analyst with present and up to date qualifications then your analysis is no different from anyone else on here.
Furthermore as stated there are simply too many unknowns right now to be even hazarding a guess. Then you have outlook statements as well.
Plenty on here that have knowledge of their way round balance sheets and can read RNS's, particularly ones on Liquidity.
You need to be precise in what you are saying otherwise people will pick you up and your posting history is always there to remind you.
I wish you a good weekend.
The lowest of our analyst ratings is presently 75p and that goes up to 115p @Barclays.
FI - <\3
Keep me out of any percieved "bromances"
Chat forum with a bunch of strangers that are likely to always remain that.
LPD it's a mindyer regards my financial qualifications ;-)
August 12 will give us all some of the answers.
The cinemas have less total movies to show, however they are operating same hours as previous and probably around same number of "screenings", just milking some movies more than they would if others were around.
* Note to the reasonable people, yes I do have some qualifications in accounting and it was my form of employment for a number of years. Not that it matters and whether anyone here believes me or not is on them. Not me"
Lapdown for months you have been talking about freedom day, when cineworld goes to 100% capacity, going on those statements, we are in trouble, cause they haven’t changed
Looking at your posting history I can see you've posted on 4 different shares recently, and if I want to look into them...my business
Mindyer...fair enough, but then again I'll decide what's my business not you
Barbershop, I'm talking about prior to Freedom Day mate and the change in status to the voluntary wearing of masks.
As for any of any of my investments it's a mindyer
Mind yer own business.
What I have in any share is of no concern to you or indeed anyone else.
Haha fair play
Was asking if there was anything that elevated this above the roll of the dice for latpulldown...so not sure where you plucked the 100% from....
A roll of the dice is 50/50, hell of a lot of ground between there and a 100 %....
Barbershop - do you only invest when you’re 100% certain? I’d be interested to know why you’re 100% certain here? Other than Fundsmith, I’m not 100% on anything I invest in! But hey, I’m a horrible ‘shorter’ right.
Does beg the question, Why'd you invest here latpulldown?
Is this a roll of the dice for you or do you have something to base your investment on?
Didn't see anyone with a mask on going in, never mind sitting down. Certainly didn't see anyone trying to eat food through the mask....
LPD - probably the most sensible thing you’ve said on this forum so far. You’re acknowledging that we know very little. So it’s impossible to be 100% bullish on Cineworld or anything. We weigh the pros and cons and make a decision. Most of us have invested because we think (emphasis on the think) that it will deliver returns. Sure it will. Doesn’t mean there aren’t potential downsides. Doesn’t make anyone a ‘shorter’ for acknowledging as such.
For the record, doesn’t matter if FI is a financial professional or not (though it often helps). Passionate investors can understand the business and the financial concepts that make them a successful investor without a pretty badge to back it up.
Can we just clear this up Fun Investor for the benefit of all on this bulletin board.
Are you formally trained in or do you possess any formal financial or analytical qualifications enabling you to be making any such financial assumptions or projections on Cineworld?
If so can you screenshot them and add them to the bulletin board so that all can see them.
The truth of the matter is that there are simply too many unknowns for anyone to be even hazarding any form of guess on this.
Here's a few questions for you, just off the top of my head that are potential influencers on either revenues and profits or on the cost side of things.
What cut does Cineworld get off Disney?, Paramount?, Universal? - All unknowns and confidential. How have these changed post pandemic to reflect shortened theatrical windows and day and date release?
What were the ticket prices pre-pandemic compared to now for 2D, 3D, Screen X, Imax, 4DX at all the cinemas - in all 10 countries that we do business in, from the US to the UK and Ireland and in Rest of the World countries we serve. Same for Unlimited pricing across all those countries.
How do food and beverage concession prices compare pre-pandemic to now in all the same 10 countries?
Another - Did the ability to take your mask off whilst eating and drinking - encourage more customers to buy concession items. (I did notice a very high proportion when I went to see Godzilla versus Kong)
Some also mention not the same number of supplementary films out there right now. Keeping the balanced view on this and given a high proportion of staff are on Zero hours or flexible contracts does that then mean we have been able to scale back proportionately on the number of staff required and save on costs?
Hammerson, as a commercial landlord across the Board cut the rent for it's customers to 70%. Who else made any such concessions.
Best to leave these calculations to the Chief Financial Officer.
Ash I agree mate. Should be worth more under the right environment. Your lack of optimism will be discredited though. Shame because we need more level discussion.
Insider - leave myself plenty open to being corrected. I welcome it. But as I have already said, I won’t single out specific numbers for share prices as it’s pointless. The very best stock pickers pick a direction, not a price..
As you can see from the most recent post, my point stands. If you’re not irrationally optimistic, you’re the enemy. Not very fair but hey Ho.
That's the problem with these boards sometimes. The debate is great at times, info useful, but then there's the side of playing who's who. It would be risky to follow what goes on here, because everyone is no one at the end of the day.
As for cine...I'm going to be honest. The sp is not great and not where I hoped it would be. I'd much rather be out of most shares at this stage, but that's just due to circumstances. However I'm lucky that I can still hold and prepared to hope (because that's how I see it) things change quickly. But realistically I don't expect it this year. UK traded stocks are fickle right now. No news, articles, opinion pieces, facts/figures will dramatically improve things during this over dramatic covid situation. It's out of all of our hands. It's really putting a downer on shares that shouldn't be.
Cine is speculative, but as a business, necessary and should be valued higher. However, it's obviously played a lot as a stock. So it's great reading most posts, but deep down I just wish the sp will rise and shut some of us up, or allow us to move on. I would only remain in this stock for divs. So I hope it rises as I doubt I can average down again. Holding until things change. Simple as
I’m pretty sure most of us, even those showing their age like me, would expect £1.20 by December 2022 (a price that was already seen a few months ago).
You’re great and giving facts and reasoning but you don’t exactly push the boat out with personal predictions or leave yourself open to being wrong do you?
£1.20 by December 2022 - pretty sure that’s a figure we can all have faith in.
Mookey needs to pull his finger out and give more people a reason to get into the cinema.
I'm thinking sporting events, Euro's would've been ideal if we'd already removed social distancing.
Has to be other events we can plug into between now and the world cup in 18 months...