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The thing that makes me laugh is some of knowledge in this chat room. Week after week I come on here and I see lots of people selling at losses or knocking the board of directors for this that and the other, the thing that gets me the most about this, is that I would bet any money that the RR board must see at least some of these posts and think to themselves what a bunch of******.
I'm pleased to say although a little jaded and sometimes quick with the sarcasm, I have held on to all my shares and bought at any price when I had spare cash because anywhere around ÂŁ1 is a joke.
Whatever caused the drop is madness, you would need your head seeing too if you sell this share after todays report.
Only RR would do this on such a report :)
I'm in Cineworld, RR, IAG, At&T and Disney and they are all SH*T. ITV and Greggs are the only shares that saved me from having to sell. I shouldn't have gotten into cinema because I now think the studios have turned on it for their own ends; where as travel will always be needed and you can't download a hot beach or family into your front room. I wont sell my RR or IAG but I'm really close to binning the rest and taking the 40 % loss for sanity.
One things for sure after all the comments I read on here comparing cinema to football or McDonald's etc. no one on this chat room has to worry about being accused of insider trading.
I think that some in here are trying to convince themselves that they are in the right share, a little like the Luddites when the loom was invented or the Poleroid share holder when digital cameras came along. We all have to adapt with the times and cinema as a concept is under attack on all fronts. Sure i will rock back and forth in my chair but only because I've balanced this share with the studio stocks to keep my losses down. Just because I didn't see the future coming doesn't mean I can't adapt to it. Stop averaging down on this share and balance it with something that's attacking it.
oops sorry for the double post.
Cineworld is being attacked on two fronts, Covid and the Studios. Covid is not really the problem as it will eventually be in the rear view mirror of life but the Studios have taken the pandemic as a chance to promote their own services and make more money from streaming. HBO Max with Space Jam, Suicide Squad, Dune, Matrix 4 etc. and Disney Plus with Black Widow, Jungle Cruise, Mulan etc. People have to understand that the Cinema may never be the same after Covid. There is one unexpected savior to what the Studios are trying to do and that is Pirating. If the studios see that pirating is having a significant effect on their profits then they will have no choice other than to go back to the three month rule where the cinema had control of the movie. People on this board say that it’s not the same experience watching a movie at home but I think they’re wrong. Today the average TV size in the UK is 55 inches so in relation to the room size, this is as big or bigger than a cinema and now with 65, 75 and 80 plus screens becoming the norm and with prices dropping at an alarming rate I can see that Cinema is in a very dangerous place, far more so than at any time in its past. I shouldn’t say this as an investor but I actually prefer to watch a movie in the safety of my home with the lights off and the Dolby stereo turned up,, it sounds anti social but I have an agreement with the neighbors for movie nights. Sure I miss the expensive snacks, the anti social behavior, the phones, the smells, the bursting to go to the toilet feeling the escape to the car park etc. but sacrifices have to be made.
Cinewords dept is huge and will take an awful lot of popcorn to clear and I’m not so sure they will do it unless the studios start helping but it might not be in their vested interests to do so. I’m down more than I’m comfortable with so I hope everything I have said in my rant is total BS.
Cineworld is being attacked on two fronts, Covid and the Studios. Covid is not really the problem as it will eventually be in the rear view mirror of life but the Studios have taken the pandemic as a chance to promote their own services and make more money from streaming. HBO Max with Space Jam, Suicide Squad, Dune, Matrix 4 etc. and Disney Plus with Black Widow, Jungle Cruise, Mulan etc. People have to understand that the Cinema may never be the same after Covid. There is one unexpected savior to what the Studios are trying to do and that is Pirating. If the studios see that pirating is having a significant effect on their profits then they will have no choice other than to go back to the three month rule where the cinema had control of the movie. People on this board say that it’s not the same experience watching a movie at home but I think they’re wrong. Today the average TV size in the UK is 55 inches so in relation to the room size this is as big or bigger than a cinema and now with 65, 75 and 80 plus screens becoming the norm and with prices dropping at an alarming rate, I can see that Cinema is in a very dangerous place, far more so than at any time in its past. I shouldn’t say this as an investor but I actually prefer to watch a movie in the safety of my home with the lights off and the Dolby stereo turned up,, it sounds anti social but I have an agreement with the neighbors for movie nights. Sure I miss the expensive snacks, the anti social behavior, the phones, the smells, the bursting to go to the toilet feeling, the escape to the car park etc. but sacrifices have to be made.
Cinewords dept is huge and will take an awful lot of popcorn to clear and I’m not so sure they will do it unless the studios start helping but it might not be in their vested interests to do so. I’m down more than I’m comfortable with so I hope everything I have said in my rant is total BS.
Hi BotBot
I hope they haven’t sold for 50mil either, although I don’t see the sale pulling the share above 110 as we would need to be dealing in hundreds of millions for it to do that.
The only real way to get this share upwards and away from the 100 start line is for people to get vaccinated; I know that sounds old hat but at the moment anything can push this share down but if Covid becomes the new Flu then nothing can stop RR going up.
Because its going for gold :)
because we live in a global economy and any one anywhere can suck the life out of any share.
RR Should enter a team in the diving. Today's Google chart currently looks like they slowly made their way up the steps then done an amazing dive into the pool.
It's fifty million or thereabouts, that's canteen money to the RR board and won't make any real difference to the price. UNLESS the sales doesn't go through, then it will have a massive impact on the share price. That's the one sure thing about RR; it always over reacts to bad news no matter how small.
Qantas.
The incentive is to avoid your lungs being full of mucus to an extent that some doctors have said it’s like they’re made of Velcro with no room for oxygen, you basically suffocate to death while wishing you had taken your ticket and had your vaccine. There is no alternative. Ban the unvaccinated who have no medical reason to refuse the jab from everything, cinemas, flying, swimming, night clubs, pubs etc. I know it’s a human right to choose and we fought wars for democracy but Corona has rewritten everything, so a temporary halt to saying no, to save millions isn’t unreasonable.
300% against what figure? If its one, it's not going to help much.
Thanks PrettyWild. Selling is not an option at these prices; somehow the shares went so low that selling them now would almost be like giving them away. I seen an opportunity for recovery after the virus but I just never expected the studios to do what they are now doing. I think cinema will survive because it’s a good safe night out and compared to a lot of things such as bowling or theme parks it’s still relatively cheap. Disney must see a loss somewhere by streaming as the figures I am seeing are not just one or two people downloading but many thousands. Just a quick look today on one of the many websites and I could see 18795 people downloading Jungle Cruise, that’s crazy for a movie that came out only days ago and worse still is that the downloads are at a very high quality file size which is entirely different to what we used to see before Covid.
I’m not saying that watching a movie at home is a better experience than going to the cinema; I’m saying that is a massively cheaper albeit poorer experience that a lot of people will take. So why are Disney giving people this alternative? No one is answering this question. I have said that I think its to break the cinemas but I only think this way because no one is helping me understand the reasons why this is happening. All I am hearing is analogies about burgers etc.
I dont want to sell my shares because I got in at over ÂŁ1 so I'm sitting here like everyone else, hoping for a change and looking for answers.
Yes they have been available but not on the same day as it’s released in the Cinema.
I knew about pirate downloads before I invested in Cineworld but I also knew that people got up and walked across the camera etc. for the first months of pirating uploads, right up until the movie hit the DVD market or went online via streaming . I knew these problems and I was happy with my investment because there was a nice three month window for Cinemas to make money. However with Disney now releasing directly to their own channel and cinema simultaneously, I feel the goalposts have moved and if I knew then what I know now I don’t think I would be in this chat room discussing why any large family will always go for the free download over the hit on family finances a cinema visit entails. Most people who invest in shares with enough money to matter to them, don’t worry about the price of a ticket but unfortunately the majority of the population s are not in this position and they will go for the free movie with takeaway every time.