have both tested positive for Covid19.
Leader of the free world and advocate of all things opening up again and getting back to normal in the USA.
Just goes to show how anyone can catch it.
Might make your Governors in California and NY rethink on wider reopenings.
Enthusiasm for Cine is waning and not helped by MS trying to trade the stock one way or the other.
Things are not being helped this morning by the fact that Donald Trump plus the First Lady have both
All eyes will be on the PM and those two professors nicknamed by the media as Doom and Gloom for what they have to say about 5p.m or shortly afterwards.
I wouldn't worry too much about not being able to buy in the 130's. There will be plenty other opportunities. Best to let things settle. GlaxoSmithKline or Atra Zenica was what the market wanted. Not Clinigen.
Just don't go forgetting that later today, amidst rising infection rates and death rates that the PM is addressing the nation today accompanied by Chris Witty and Patrick Valance, whom the press have dubbed doom and gloom. Personally I don't think it will be good news.
The PM, Chris Witty and Patrick Vallance are set to address the nation again tomorrow as the Covid19 infection and death rate are hitting new highs tonight. Dyor
For the 30's again.
It's a shame as Mookybis an excellent CEO. It is wider circumstances such as delayed releases that are to blame.
LTHcine
If it usually goes one way or the other I think the probability is more on the downside risk right now. More stringent Covid19 measures coming in across the UK by the day, with Newcastle last night. It is only a matter of time before you get a Circuit breaker or lengthier National lockdown.
Sadly with it will come a James Bond deferred release date which will spell trouble for the industry.
I don't think you need a crystal ball imo to see things are sat on a knife edge at the moment.
With news voids comes a constancy of selling and it gathers pace the longer that news void lasts.
You need a CEO that can provide constancy of news and progress as opposed to very little to keep people tuned in.
Otherwise people lose their enthusiasm levels and particularly so if their profits are diminishing as well.
Sadly I think it is down to the fact everything was supposedly happening so fast and SNG001 has gone into slow motion. That plus the CEO may be good with science but maybe distant in updating and publicising SNG.
Given SNG001's initial results I think all thought this would be fast tracked. In reality though it is having to prove its efficacy the same as all other vaccines and therapies.
On that it is some way behind others timeframe wise and as it stands there will be a vaccine first.
SNG needed to steal a lead on the opposition rather than just falling into the vast pile of other therapies and vaccines undergoing trials.
Just waiting for the James Bond film to defer release to next year.
Some cinemas to then get into difficulty.
More finance having to be raised.
It is not an investable environment right now.
https://www.dailymail.co.uk/money/markets/article-8767783/Cineworld-warns-lockdown-future-risk.html
For a £1.3 billion loss, covenant tests and what will be a need to secure further funding.
The next news here will be bad news and a delay to the Bond movie. That I don't think is far off..
Far better to sit back and spectate right now and let the Institutional investors that have been messing with the share price recently pick up any future discounted fundraising. You can then buy back in when the next Covid19 wave is coming to an end and with a more visible path to profitability.
It's not investable at the moment. It might be in the New Year.
They opened their doors on the vast majority of cinemas and gave it a try but the audiences are just not there.
Staffing costs, rent bill's, electricity, sanitation products however are all there and will have to be paid.
If the bigger films are not being released until next year then they will require more funding to cover things until better times.
It's not inevitable at the moment. It might be come the New Year.
If not today then over the next few days..
There won't be many rushing to buy and the share price is artificially inflated for the news and short to middle term prospects.
The preservation of your capital is what is most important.
The pushing back of Black Widow until May 2021 is extremely bad news for cinemas.
If Bond delays, and I posted an Express article on that yesterday, then it is hard to see what is going to appeal and draw people into cinemas to keep the tills ringing.
I think it will be a Red day tomorrow as it is now getting hard to see a positive outlook to the year end.