Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Even if no sale materialises in the end - im assuming we would see what kind of offers may have been made and in turn be able to get a better idea of its current valuation? Or would offers be kept private?
I came across some great trailers yesterday. GOTG, Ant man, indiana jones, transformers....even that upcoming Violent Night looks quite good. Looks like a really good line up. I think theres every chance its a really good year for cinema.
They are not gonna get to buy CW at 2-3p. There is only a small number of shares available at the current low prices. They would have to agree a fair value with mooky and co for the majority of the company
I am becoming increasingly optimistic...it seems like they may not come out of C11 until Apr 23, by which time I expect (hope) the BO will be showing much more in terms of normality...If that does happen and they are not losing moeny, then I feel there is every chance Mooky will not be letting his shareholding value erode easily....which in turn shoudl be good for shareholders
The only caveat is - unless there is something underhand at play...which i hope is not the case
I think this is quite significant and im looking forward to seeing some feedback from the cinema operators and Netflix.
Its crazy how Netflix are and have been clearly leaving a mountain of cash on the table. The current business model doesnt seem quite right - no matter how 'prestigious' it may appear for them to make high value movie productions just for their platform.
https://www.joblo.com/box-office-update-black-panther-and-glass-onion-have-lots-to-be-thankful-for-while-strange-world-is-latest-disney-misfire/
I actually went to watch it last night. A few people in - not packed - but it was a very late showing. Enjoyable movie - i'm actually looking forward to watching it again when it comes on Netflix.
Hexam - yes you may be right. Could be due to Netflix. Regardless - the Amazon position re cinema and changes at Disney suggest to me in the medium to longer term streaming companies are going to get much closer to cinema...
I think its interesting that even though CW have agreed with Netflix to show Knives Out 2 - it seems like they have limited the screening to a very small number of cinemas (thats at least the case in London).
This is despite them being in quite strong need for content.
I dont know whether this is because Netflix have restricted where CW can show it - or whether CW may be making a point to Netflix that they are not that desperate and unless teh terms are satisfactory to both parties they wont proceed. Is there something about this agreement that i might have missed?
The Knives Out 2 cast and profile certainly would generate a lot of interest so I certainly dont think its the type of movie which woudl usually only be limited to a handful of cinemas...
Also if they are not as 'desperate' for content at this current time - then does that suggest that teh C11 exit route is laid our fairly clearly in their mind and is not based on short term wins or losses??
https://www.cnbc.com/2022/11/23/amazon-to-spend-1-billion-on-theatrical-releases-boosting-cinema-stocks.html
I think this is proves the strength of cinema VS streaming. Great news for cinema industry.
Eventually all the streamers who spend big on production will put their content into cinema
You must have seen everything on Netflix and Amazon thats why your on here posting on a board for a company you wouldnt invest in....Enjoy your chai. Filtered.
Thanks Elvis. I am going through the PDF too...very interesting
Elvis - just out of curiosity, did you notice anything about any approaches for potential takeover/buy out? (or would that sort of detail not be in here_
In a director led buyout - im assuming they would probably find some private equity as I doubt they would have the funds themselves to appease all the banks etc?
which I think is a possibility.
This is a business going to go back to normal/profitability very soon - so talk of it being culled - just doesnt seem realistic and its very likely there are people who would be interested in investing.
Elvisrocks - Could you please explain in a little more detail what your expectation is with regards to what will happen here based on your reading?
hope so...Netflix have paid an absolute fortune for the rights to the knives out movies - so they must want it too also!
23rd i think
Next week we have another one - Bones and all, in addition to Matilda and the week run of Knives Out 2...
Hopefully this continues and corner has been turned! The past few months were particularly dry - so you can see why they felt the needed c11 (breathing space) urgently.
What I woudl say about the movie releases is though...just looking at that list which I think is taken from teh CW blog - despite some big releases it still looked a bit thin to me to be honest - also considering i think shazam has been moved to 2023. CW need releases now and the rest of this month still seemed a bit thin.
But i was looking at what was on earlier to see if there is anything i could watch today and I was pleased to see there was a couple of movies released this week - The Menu and Confess, Fletch - which although not blockbusters, are needed to keep the tills ringing. For example I am going to watch one of them this evening and its this kind of movie which i feel had started to dry up. So hopefully if movies like this keep getting released then we should get back to normal soon.
I know its been said above no one cares about the releases - but I disagree - it is relevant. The rug has not been pulled from under Mooky's feet yet and if they can get back to a relatively normal level of income (or close to) in quick time (which will be down to what is released), then there will be more options for him and us.
PyschoCurt - I agree, although its looks unimaginable at the moment - if they manage to get the things back in order, I do feel a £1 is achievable. As you said it was well over that before with lots of debt - and even if you factor in the additional debt taken on over Covid - if movies get back to normality as we expect them to in the coming months and there is nothing underhand going on in the background - should the company be worth only a fraction of what it was pre-covid...im not convinced. Also you could argue tehy have not yet opportunity to extract the value from the regal acquisition yet....(im not factoring in the CP judgement for now as its still up in teh air)
but I may be wrong of course - we'll just have to wait and see....
HNS:
'The article is mostly speculatation on what is known - nothing wrong in that but they don't quote any potential new sources that would suggest they know any more then what is in the public domain'
That was my exact thought when i came across the article earlier....