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Yea, I second that .
Thank you kindly for the summary. Now please go summarise some other shares. Its been very kind of you to take time out if your busy day and post here.
Take care, and thanks again.
Cineworld will still be here and will be £1.30-£1.50 by Christmas... move along now Toidd's and
thanks for your summary but if you are not buying why are you here
Can i ask you for a favour would you mind doing a summary for the following Id be most grateful Tidd
PRIM
HEMO
AVCT
Idiot
The facts are all over the internet and near everybody (except a few disillusioned dreaming rampers) on this board would have you believe. There is zero counter argument and there is a reason it is one of the top shorted companies with those shorts increasing (not decreasing).
UK cinemas began reopening in July, but consumers are still reluctant to return. The months of screen time at home have perhaps taken the shine off paying to watch yet another screen, even if it is in a different location. Worries about hygiene, mask wearing and proximity to strangers are also off-putting.
Streaming services have undoubtedly become commonplace in recent years, and never more so since lockdown. Several of them are now opting to release straight to the small screen, foregoing the traditional cinema route, while other new releases have been postponed or cancelled completely. Disney opted to release its live-action version of Mulan straight to its streaming service Disney+ much to the dismay of British Cinema regulators.
Disney+ has in fact benefited from the pandemic, illustrating the stark difference between the corporate winners and losers of the unfortunate situation. Its timely launch in the UK, a day after lockdown began, led to many more subscribers than expected.
Cineworld’s acquisition anguish
Cineworld’s acquisition of Regal Entertainment two years ago set it up to be the second-largest cinema chain on the planet. It then set its sights on Cineplex, which excited shareholders and could have set up the Cineworld share price for a big boost as it would have brought it into first place as the world’s biggest cinema chain. Unfortunately, the pandemic panic snatched this dream away and Cineworld pulled out of the deal. On one hand, it was unlikely to be able to afford the acquisition, but now it has saddled itself with the threat of a lawsuit, as Cineplex states it had no right to withdraw.
In many ways, I think Cineworld’s ambition should be respected. It was taking a risk in attempting to corner the market. Had it pulled it off, shareholders would have been delighted. Unfortunately, it was not to be.
Cineworld, a £483m company, now has a debt liability approaching $4bn (it reports in dollars), not a figure to be taken lightly. It does have debt and credit facilities in place, but their repayment surely depends on visitors returning to screens as soon as possible.