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There is a risk of stagflation. But anyway just to let you know that the market won’t respond in a good way for few days
This will give a pressure to the market. Especially to Cine and Airlines that have taken lots of debt. But anyway we don’t need more debt for the moment so all good.
Just for you to keep in mind that all investors are focus on fed’s decision as of today
Is it why the sp dropped suddenly from 3pm?
Insider you missed something important in my opinion. If the entertainment sectors as a whole would have reached the same level as 2019 except Cineworld I would agree on everything you said. I mean look at the price of Air France KLM EasyJet Lufthansa they are all down. I am investing in Air France saying that the level of trafic of 2019 would reach in 2024 and same as for the B.O. everybody know that we will reach 2019 level in 2024 so do you think Investors would let Cine into bankruptcy? Just to save 10 or 15% of their investments? I am working with sales and they start travelling again in Europe to meet some potential clients. During Lockdown time analysts were saying that Airlines will suffer because everybody will use Zoom or Teams that’s not true. They still want to meet face to face. And same for the cinema. People will return and the number of B.O. of 2019 will be reached in 2024. Don’t panic with some news think over the long term. Our companies want us back to the office 4/5 days a week go in the City you won’t find a free seat in the tube. Studios will realise that the best way for them to win money is a theatrical window and we will have more movies soon. Look at how much the UK invested in the production of movies to compete Hollywood? In billions I think 7 or 8bn$. Do you think that the sector is dead with this kind of investment?
We also have this from 19/04/2022
https://www.screendaily.com/news/gower-street-analytics-downgrades-2022-global-box-office-forecast-from-initial-predictions/5169608.article
Hey Tommy hope you are well.
I meant both B.O. and concessions. Knowing that concessions per person is higher than 2019 and with inflation we only need 70% of 2019’s EBITDA. I am on Bloomberg now according to them they forecast 2022 B.O. at $7,730m vs. $11,300m as of 2019. It means c. $645m per month which is not bad because remember in October 2021 the B.O. stood at $622m and Mooky said we had positive cash. Still on Bloomberg they forecast the 2022 turnover for Cine at $3,800bn with an EBITDA at $1,300m. Even if we stress these data to $3,400 and $1,200m we should be in a good position. And they forecast for 2023 $4,300m
Are you serious KTP?
Mate I have been investing in the stock for 2 years now as all of you. Going to Cineworld every weekend watched Batman 3 times Morbius twice took weigh because of extra popcorn but honestly we are far behind in the B.O.
regarding the income statement it’s a fact a simple calculation how much EBITDA we need. I haven’t mentioned the appeal yet.
We need to make $1,278m Adj. EBITDA for 2022 compared to $1,580m in 2019. So 80% of 2019 to have a 0 profit after tax. We need to make $9bn of domestic B.O. we are toooo far to doing it. We haven’t reached $2bn and 4 months passed.
Do you mean the end of shareholders as Mooky is already rich now
Thanks for the precision
Just one thing that I have noticed is the financial cost of Cineworld. $766M for 2021 knowing that the I retest rate increased this could reach more than $800m in 2022. Do you think it’s sustainable?
I like your analysis Fun but bear in mind that with inflation and the increase of customer consumption the turnover increased by 14.7% (as per my calculation) meaning that if we reached the exact same B.O. as of 2019 our turnover would stand at $5.4bn instead of $4.6bn. This will help to reduce massively our debt
Eurobulk of you can wait 40 why don’t you wait 58?
If you can’t hold 10 years a stock don’t even hold it 10 minutes.
WB
Number 2 cinema (CGR) in France is on sale…
We couldn’t reach $800M for Batman I have seen it 3 times at the cinema. In terms of Box Office I am a bit disappointed. But hopefully we will get there one day
It’s like Heat in 1995 with Al and De Niro
We can feel a back to a normal life in London. Too many people outside that trains are delayed again. We are force to go to the office at least 3 days a week. This will allow people to stay outside after work and watch movies to the cinemas more often now. I have a feeling that it would be positive
I saw the X horror movie it was more fun than scary but the movie was really nice. Such a good vibe and atmosphere in the theatre that you can’t have it at home…