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Is this all a ploy from Cineworld ? to send alarms out in order to force some better films to come fill the gap , the SP is irrelevant to them where it was at 20p or the now 8p everyone is in the red here , This has in fact worked getting on the news, , and all over media , what a game play to push the studios , lets see if some movies get pulled FWD here in the next few weeks :)
Purchase volume growing .
400k share Purchase .
No going bankrupt. Capital restructure, shareholders will be just massively diluted.
From yesterday's RNS quote:
Any deleveraging transaction will likely result in very significant dilution of existing equity interests in Cineworld.
Purchases continue above 10
I don't hold but have been watching this story for a while. Imo the Greidinger brothers need to be investigated.
Feeling for all of the shareholders. I don't see Cineworld surviving as we've known it for much longer.
250 k Purchase .
Excellent volume .
"But kitchens have been around 100s of years,...."
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We are a society driven by experiences - when we have the cash - that is unlikely to change. The structure of those experiences may alter over time. The 'problem' for companies like CINE is the short term.
Weakened by the pandemic if they can survive the short term squeeze on household budgets then surely they have a future. But who is going to lend them the cash to weather the storm on the horizon?....and what will shareholders be left with?
Good volume of purchases .
Shorters will be banking profits now at these levels that is for sure.
But kitchens have been around 100s of years, Netflix has been here ( in the uk) just 10 years, Disney+ just two years.
That makes it a pretty dreadful comparison!
12 - 14p could come IMO. Interesting watch.
Over 10 paid . Can more of move be seen with purchasing volume .
Good sized purchases .Tempted to add holding money if news at GDR .Large volume of purchases .
Love this sentence and very true
"People have kitchens but they still go to restaurants.
Same with people who go to concerts even though they have Spotify, and people still watch footy when they can have now sports. Cinema is far better vfm than footy, concert, and restaurant. Go to a restaurant spend 25 quid and last what an hour, cinema spend 3 hours on a 20 quid budget which includes popcorn and drink.
There are bloomberg estimates for cinema as a whole. Look them up.
Streaming is turning into cable tv. Disney+, netflix and amazon are losing money just to earn market share and spending big on movies to just get pirated day 1. The viewing experience is also sub par compared to cinema.
As Adam Aron puts it "People have kitchens but they still go to restaurants."
Not sure about "getting the video out there". That guy was already a holder. What price did he buy in at, 20p, 30p, 40p, more? He was also recommending "hold" yesterday before it dropped further. His analysis to date hasn't done himself, or his followers, and favours so far.
Also if the debt isn't so bad, why are they looking to reduce it, at shareholders (probably considerable) expense.
For me, the debt - although a massive issue - isn't even the biggest one. The biggest one is whether cinemas as a business are even viable any more. Will they ever get the footfall they enjoyed before 2020 again? It is a dying industry and whether it will ever recover enough for CINE to deliver profits again is the big unknown. This one is for traders only IMO.
Need to get that video out there, should quell a lot of fears from the uninformed around debt servicing
Mixing up earnings and revenue. Sounds awfully familiar. He did say expected interest payment is going to be 240m. Is this accurate?
Showing 11.8p
One thing he gets very wrong in the video (apart from keep using 'earnings' when he means revenue) is that rising interest rates will have a big impact on interest payments. They won't. If interest rates double then the interest paid will rise a lot less than this as the fixed rate element of the interest currently paid is much higher than the part linked to bank rates (LIBOR). A 1% increase in rates would lead to just a £40m p.a. or so increase in interest payments for example.
That's a useful video thanks
That’s quite a helpful video, I didn’t know there sent sheet includes there leases
This is a link for everyone to see what other people opinions are.
https://youtu.be/vfcoPzNXX8U