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H1/F9/H2/HS2/Q3
Too much shorthand going on for my old brain!!
But yes, agreed, should be the last bad batch of results but hoping to see not as bad as forecast.
That and along with an encouraging statement for the future from Mooky will put us on real firm ground to build back up from.
Addition: H2 results announced on 24th September.
That's three months from now to show that we're not only firmly back on the road to recovery but hopefully ahead of projections.
That will be the one to get the £1.50 - £2 shorters club to really start thinking about buying back.
We need F9 to absolutely smash it.
Missed some of this last night but NY confirmed they were lifting all their restrictions immediately along with a fireworks display to commemorate the event.
https://abc7ny.com/ny-covid-vaccine-fireworks-testing/10792105/
We just need to let the numbers do the talking now.
Especially with the H2 results later in the year.
It's only risky if you buy in now.
But If you got in sub $20 or when it was at it's true value of around $2 when NO FEAR was talking about it (God bless his island), it's party time.
Sit, hold and squeeze those short scum until they burst.
I know I'm like a broken record today but this news video from CBS on California's reopening also has a map of the U.S showing all the states that have reopened.
And It's glorious:
https://youtu.be/UObV4q5KB8g
And finally, confirmation.
What a beautiful thing to read on California's Covid Website that's just gone up:
"Thanks to your trust in the vaccine and falling transmission rates, California has fully reopened its economy. This means no more physical distancing, no capacity limits, no county tiers, and relaxed mask guidance."
See it for yourselves here: https://covid19.ca.gov/safely-reopening/
That cinemasafe link is great, LPD.
Basically shows that we're practically at 100% in the U.S now with CA and NY joining that list today / tomorrow.
75% of our estate running at full capacity now.
Brilliant, brilliant stuff.
Sorry (not sorry) to keep banging the drum on this but it really is a hugely significant day for Cine.
CA and NY not being at 100% is primarily what kept the big movies away from the screens.
Hollywood blockbusters may have a global audience and China is a huge source of revenue for them, but it's CA & NY that are still, even today, the key markets for the movie industry to make decisions on. Deadline mentioned this fact often.
If (most likely) F9 smashes it domestically, I expect studios to start re-arranging their release schedules like an F1 team changing their strategy mid-race with some titles brought forward.
I just can't emphasise enough how big this is for us and the detractors can try and argue streaming til the cows come home; as was said on here often last year, going to the movies is much more of a cultural 'thing' in the U.S than over here even.
It's like saying Brits won't go live football because it's on Sky.
Never going to happen.
Because it's part of our/their culture.
I'll shut up now, I need to get a Maccy D's breakfast.
Seriously. This is majorly positive news for us.
Brilliant day.
On the day that California lifts restrictions to 100% capacity, so to does New York.
Masks aren't even required if people have been vaccinated.
This opens up our two biggest markets to 100% and well in time for F9.
Yes, I know we are a UK listed stock but how this hasn't bumped the share price, god only knows.
This is a massive massive day for Cine's fortunes:
https://www.nbcnewyork.com/news/coronavirus/ny-on-brink-of-restriction-eliminating-vaccine-milestone-as-city-rec-centers-reopen/3104806/
If you hold for a year - 18 months.
Even bigger gains if you can wait longer.
That's simply all there is to say on this.
The June 21st date is odd in relation to this share.
Given that 75% of our revenue is generated in the U.S and where our key markets of CA (no capacity restrictions from a week tomorrow) and NY (no capacity restrictions from July 1st) are located, then June 21st should in theory not be that much of a big deal.
But, for whatever reason, as this is a LSE listed stock, UK news sways our fortunes more than what's happening in the U.S.
Ridiculous when you think about it.
I'm starting to think that way too many people think this is a UK only business.
@ ShareFlyer - Somebody tried to do that back in January i think.
Called himself something like reddditcine? Had a twitter page and got a few thousand interested i think and was active on here for a few weeks.
Daft as it sounds, i seem to remember it getting some online news coverage. Not much but if memory serves, the sp went up and shorts reduced?
Happy to stand corrected. I'm old(ish) now so memory is not what it once was.
But it could've been a coincidence and the U.S news simply generated interest / spooked the shorters here.
Either way, I think there's some mileage in drumming up interest here.
It's a very British thing to see the cloud inside every silver lining.
So sod it.
Let's make it happen.
Any ideas?
To be fair to him, he didn't say WHAT would fly at 2.30.
He just said 'this will fly'.
I assumed he was looking out from the departure lounge at an easyjet plane. :)
The hospitalisation data just hasn't been updated since the 25th that's all.
I like to think they're holding it back because it's gone down.
Hopefully the next figures released will show a decline in numbers of people in hospital despite case numbers up over the week which would really put the UK MSM doom machine into a spin.
It shouldn't really matter that much though as the U.S vaccination / covid data is even better than ours.
California just updated for the week:
51.2% of population fully vaccinated
48% of population now in lowest tier
All capacity restrictions lifted two weeks tomorrow.
@Sammy, at my age and weight, I'll take whatever I can whenever I can!
Ah well.
I've just discovered Hot Ones on YouTube and watching Scarlett Johanssen.
Of no relevance to this share whatsoever at all but ya know what? I could drink with her all night!!
"You can almost hear the collective sigh of relief from studio executives across Hollywood."
Really?
This just demonstrates to me the disconnect between the rich (the studios) and the average working man.
How layman investors like us actually have a better grasp on reality.
Any working/middle class man or woman would tell you that going to the 'pictures' was never NOT going to be a go-to option for a day or night out.
Can't believe they actually underestimated the basic human need for shared escapism and social interaction.
Just wait until F9 hits.
. .
b r e n d a y o u v e w o n a b l e n d e r
Case rates here in the UK are only up due to the surge testing in those areas where the population are refusing the vaccines.
Pretty obvious really.
But that won't stop the MSM from baiting clicks through doom mongering.
But It will prove to be a fruitless exercise shortly.
The Covid era is all but over in the UK.
But more importantly in the U.S, masks are getting ditched if movie customers can show they're vaccinated and 100% capacity is just over two weeks away in California.
1 month away in NY.
Our tills will be on fire this summer.
AMC is a complete gamble.
I don't trust the hedge funds to not be laying a honey trap here.
They got burned with GME, can't see them doing same again and they're nasty gits who will want revenge.
I really hope it does turn out to be a Giga Squeeze though. Hoping to profit by destroying a business is reprehensible.
I won't be bitter that I wasn't in but I have a nasty feeling they'll drop it right down at some point leaving loads stuck in the amber.
Hope I'm wrong.