Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
https://buyshares.co.uk/cineworld-share-price/
I know it’s not a new article but I just wanted to double check with you if you agree when he said that H2 2021 was cash flow positive for Cine.
Hopefully this will give a good sign to studios.
We need much more movies for theatres only in order to generate more cash.
B.O. Mojo updated again it’s May data. So for June we only need $745m down from $2m from my last post!
We are looking good. Don’t hesitate to visit your local Cineworld as the H2 results will be released the 10th August
Have a good weekend
Without taking into account the inflation on tickets price, the increase of f the consumption per person most of movies this year are well fitted with 4DX (Top Gun, Jurassic World, Avatar,…) with more profit for Cine. I understand now why Bloomberg increased the Gross Margin for Cine from 27% as of 2021 to 30% for 2022
Sorry again Box Office Mojo has updated their May 2022 data. We need only $747M for June to do as good as H2 2021.
Enjoy your Platinum Jubilee long weekend
Unbelievable it’s crystal clear that people want to return to the cinema for the experience even to watch an A rated movie (small budget movie). We saw this with Everything everywhere at all once and they keep saying that cinema is good only for blockbuster but not for all movies… what about pirating what about paying £30 on the top of our monthly fee for the streaming??
https://www.barrons.com/amp/articles/top-gun-movie-business-51654023576
Correction we only need to do $768m not $777m for June to match H2 2021 B.O. for more doable.
If we do more than that the H1 result will be impressive indeed.
I agree with you Hexam - my point here is that if we show a recovery over time (semi annually) of our revenu lenders will help us whatever the outcome of the court case.
Q3 2021 $1,367m
Q4 2021 $2,067m
YtD 2022 $2,657m
To match exactly the B.O. as of H1 2021 we need to have June with $777m which is feasible. If June generates more than $777m it means that we could be in cash flow positive even with a poor Jan and Feb. This will send a strong message to lenders and studios. Imo
My parents are in France they are both over 65 and they saw Top Gun. I am on holidays now in Greece but will watch it once in London ah and in 4DX of course
I didn’t know that Cine is correlated to Tesla.
I am happy tho
I agree with you Bas24 - when I read the financial analysis forecast on Bloomberg the data seems great. They forecast the turnover for Cine as of 2022 from $3,800m to $4,200m which is great (but a bit over estimated in my opinion). They put a probability to loose the litigation case at 60% against Cineplex. The news are not bad imo. But if the SP is so low would it means that they know something we don’t?
Thanks for that I was ready Bloomberg actually did you know that for the UK Box Office on the weekend only for Bond it was at 150% vs 2019 for SpiderMan it was only at 110% for Sing 2 it was at 100% (same level of 2019) and for Batman it was almost at 180%. It’s crazy
As you probably know the biggest shareholder is Jangho Group and then Golden Accumen, HL, Interactive investor Trading and Reach Glory International LtD.
Is it true that Jangho owns Reach Glory International LtD?
Both of them has 18% of Cine
Hi HNS and all LTH do you think that studios can put pressure on the judge in order to decrease the amount due in order to save Cine otherwise if Cine collapse all studios will see their income collapsing. 2nd best market in the US 1st in the UK knowing that the UK contribute lots in the global Box Office if you compare to France and Germany?
Thanks
Thanks Hexam it makes sense. So with my regression comparing the B.O. and the turnover with $7.5bn Cine should reach $830/850m of Adj. EBITDA which is more than the financial expenses. Which is not bad at all.
Hey Hexam can you please breakdown your estimation for the B.O. for 2022? You are very close to Bloomberg but when I calculate on my own I found $6.7bn.
Cheers
Lmil13 I have calculated $6.7bn for the B.O. as of 2022 so very close to yours ($6.8bn) Bloomberg forecast stands at $7.7bn for 2022. I have made a simple regression from the US B.O. to calculate Cine turnover which is 40.25%. So if we reach $6.8bn Cine turnover would stand between $2.7bn/$2.9bn with an EBITDA margin of 27.5% Cine will stand at $750m/$800m which will cover the leases and the financial costs. Again for 2022 I am expected a negative net income which is ok as Cine will receive Tax credit for the next financial years. If in 2023 the B.O. increase by only 20% to only $8.2bn the EBITDA will reach c. $1,000M then we will have cash positive and start to reduce our debt. Even for Airlines they are expecting to reach the same level of 2019 in 2024/2025 I think the same will be for Cinemas. One more thing that is really important if you read the financial reports you will see that the number of IMAX 4DX and VIP and X screens have increased in 2022 which means more profits margin.
Q4 2021 sorry
They paid Regal shareholders for $60.7M in Q4 2022.
The reason why they have postponed to pay Regal shareholders is to keep as much as cash possible to be in the positive territory and we are on the track.
I have invested in Air Lines as well for their Q1 2022 figures are above expectations but still with negative income.
2023 and obviously 2024 would be great for Cine. Even if we are losing $50/80M a year we still have $354M. We can survive until 2025 at least and negotiate with the lenders.
But I will double check on the figures. I am sure that Cine paid partly to Regal Shareholders