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Peaked*
Covid cases seem to have picked in the US. Today’s figure is basically exactly the same as it was 7 days ago, with yesterday’s figure also being marginally lower than Thursdays according to worldometer.
They are paying interest on the debt for buying Regal. Do not know where you got the $4 billion from. They did not borrow the money in the end to buy cineplex. The borrowing of the $2 billion plus was only on the acquisition of cineplex. Hence why they have subsequently borrowed $250 million. So they are not servicing the debt you think are. Cineplex are trying to go for the biggest figure they can, in the hope of a settlement at a lower figure. But i fully expect Cineworld to counter sue. Then it will be a matter of who can survive the longest wins.
If you feel so negatively about Cineworld and think they will go bankrupt. Short them to the max and back your judgement with cash. If you are right, you will increase your wealth substantially.
Hosai shhh! You’re leaking all the secrets matey! ;)
The way the sp works is if the release dates were brought forward and a vaccine found the sp would tank to 30p, if an RNS came out about going concern we'd hit £1.75
Nope it doesn't.
The market works in ways none of us know, hence the reason we are
here it is a gamble, long, short, day whatever sometimes we are lucky
sometimes not.
I want Cine to blast off all the way to the moon 1,2 years who cares
but until they open it is not going to happen.
Cine goes up when the massive sells go through. Same on both days when the sells have been way above buys.
We are all invested in the same company opinions differ I truly hope that I am
wrong & you are right. Because it is all about the cash.
Cine on good news went down, so on bad news it might well go up ( hopefully )
Haha brilliant
Hi JBS - when I saw them I blurted out about you running films in the back garden, sorry. They seemed very interested and said their people would be in touch.
Haha nice one put. They must have plenty of cash if they are in homebase, expensive.
Yeah the MMs could drop it first thing to flush out some more sellers then back to early 60s. Let’s see the ftse and Dow are doing
Cheers lol, mine are already in.
Thanks for letting us know about what you saw in homebase putmeonlist, I'm now gonna put my life savings on cine on mon as I now feel confident in the business especially as I'm sure they have good diy skills
I just saw Mooky & Israel in Homebase - Perspex sheets, wood, new drill bits, the lot. And they paid cash. This leads me to believe that everythings in hand and cash flow is adequate to ride the pandemic until things normalise. Cheers.
I reckon 2 days to fully open a cinema from a standing start.
Who cares that the sign has been removed from your local Cineworld. I put my washing line away when I'm not using it.
Could be having a revamp, so the lights are bright and ready for 31 Jul.
I still live the fact the news (bad) is snook out after close in a Friday. There was me thinking the Canadians were decent A
Joking Canada - we all know it's not a real country....haha...
The entire cinema workforce is likely to be furloughed, cine will be smart enough to keep them there to save costs until very close to reopen. Apart from screens around tills, hand cleaning stations, staff training and signage, very little will need to be done to make them covid secure until earliest a week before IMO.
Cineworld will be making sure all their cinemas are up to scratch on social distancing and Coronavirus safety measures, such as screens at the counters. They might open a handful of cinemas before July 31st as test cases to opening open the whole chain.
They will not be going bankrupt, like a lot of big high street stores. They have probably paid zero rent over the last few months to Intu and other landlords. They have good cash reserves now due to their borrowing and debt restructuring. Enough to see them through till 2021, even if they do not open any cinemas. Come Christmas, the champagne corks will be flying and the ones celebrating will be the fund managers who will plow money into Cineworld as soon as they open up and cash flow returns to the sector.
Thank you for saving me the trouble of having to break it down for the chap! (Or chappette)
Vue and Cine have delayed, Odeon is a staged reopen, so let's see the figures coming into Odeon and it could give us an indication of what to expect. Acknowledging they're not showing new films.
If sentiment is good for Odeon then it should transpose across all brands....hopefully.
Below, you genuinly haven't got a clue have you? Only reason Odeon are open is because they opened ticket sales before Tenet and Mulan were delayed so decided to honour that instead of cancelling. And there doesn't need to be any activity at a site until maximum of a week before to get them ready to open, probably even less than that to be honest.
10 is only better if i'm making money...
I can sell you a £10 toaster for a £5, but if i pay £6 to buy it I'd be better off sitting on my hands.
10 is better than 0
So you have checked?
Odeon, currently, only has 10 locations open.