when added to the rising prospect of a 2and lockdown and the fear the media is stirring up will only serve to dampen fragile attendances and the outlook part of any results statement will not be as rosy as some think. 3 rule of thumbs in investing are to make profit, limit losses and the preservation of capital.
Infection rate and death rate are rising. Be careful.
https://www.dailymail.co.uk/news/article-8759231/Weekly-coronavirus-deaths-RISE-England-Wales-time-five-months.html
This share price hasn't hit bottom yet as you will see when the Bond film gets further delayed.
It is funny watching this being ramped for results which I think will not read well. Cinemas were closed for 5 months and the audiences are not what all are wishing for.
Find yourself a Cineworld tomorrow for yourself and visit around showing times and head count. It might save you losing money.
I tried to point out the possibility of this and if we get the first National 2 week circuit break lockdown then it will get delayed as it is not the environment to be releasing films into. I already think that due to poor attendances that more funds will have to be raised.
https://www.express.co.uk/entertainment/films/1338556/No-Time-To-Die-release-date-delay-James-Bond-Daniel-Craig-Tenet
These are not good numbers and box office numbers are posted here regularly.
https://www.dailymail.co.uk/tvshowbiz/article-8753357/Tenets-domestic-haul-rises-paltry-36M-box-office-continues-disappoint.html
Is that if both UK and US sales are failing to cut the mustard then this could surprise to the downside.
That is what Superdry did just yesterday.
There have been plenty of warnings in recent weeks that confidence has not returned enough to cinemas.
They had enough money to survive when all cinemas were closed but having the open and back to paying fixed and variable costs like staffing is an entirely different matter.
Be wary of what you are investing in right now.
Raising the Covid19 level from 3 to 4 has dressed the stage.
If we get "circuit breaker lockdowns the expect the new Bond film No time to die to postpone release till next year and possibly alongside Ww84 and Black Widow.
The audiences are not there as it is without further scaremongering by politicians and media. Dent confidence further and cinemas will probably be better off closed than trading uneconomically.
There you go.
I was but am no longer optimistic for Thursday. The advantage of viewing the RNS forst and then the decision on opening price is firmly in the hands of the Mm's. All in effect you are doing is taking a blind gamble that could severely bite you on the bum.
https://www.dailymail.co.uk/tvshowbiz/article-8753357/Tenets-domestic-haul-rises-paltry-36M-box-office-continues-disappoint.html
Not wrong to reduce your position and hedge your bets Damodubya and particularly if others have presented better opportunity. Preservation of capital is paramount. Those thinking that Regal cinemas has offset poor attendances elsewhere I think are in for a shock. I'll find that Tenet article from last night.
That is how it is being described.
Johnnygadar be careful what you wish for on Thursday as US ticket sales are very weak and are not offsetting low UK ticket sales. UK markets have also just turned volatile again what with all the uncertainty.
Has just been raised by the JBC to Level 4. That means it is expected to rise exponentially.
If they are trying to create a climate of fear then it is working.
All eyes on COBR tomorrow and the PMs statement.
dyor
Things will get considerably worse again before they get better. It looks like it is back to the Scientists and SAGE making the calls as opposed to MP's.
https://www.dailymail.co.uk/news/article-8755321/Professor-Chris-Whitty-warns-UK-heading-wrong-direction.html
johnykipper blame nobody else except yourself as you decide to buy and have had ample opportunities to sell at a profit or to limit your losses.
What gets me most is that in only a few days Matt Han**** has transformed from local lockdowns to circuit breaker lockdowns and not ruling out full National lockdowns.
If it is to induce fear it is working as the markets are a sea of red this morning and the leisure, airlines and hospitality sectors are taking a hammering. This all destroys not only market sentiment but footfall for each of these sectors.
Rising Sunak or the Governor of the Bank of England would not have made more calculated comment.
Max Los Angeles reopening would be good but if it mirrors Californian states the maximum capacity will be 25%.
Even with openings what you need to do is get people back into the cinemas. Even films that were expected to gross large amounts, like Tenet, are not pulling in the crowds. If what the Mail is saying is correct regarding the weekends viewing figures then your lesser films are showing to virtually empty cinemas.
I don't think it will be too long before we get news of further postponement and think the James Bond film will delay to next year.
Hopefully those preserving capital banked on the rise back up to 44p.
It is hard to see where the next good news is coming from
If u5% of cinemas are in the US that larger part of the business is not bringing in the money that was anticipated. 2and full lockdown in the UK will not be helping footfall either.
https://www-dailymail-co-uk.cdn.ampproject.org/v/s/www.dailymail.co.uk/tvshowbiz/article-8753357/amp/Tenets-domestic-haul-rises-paltry-36M-box-office-continues-disappoint.html?amp_js_v=a2&_gsa=1&usqp=mq331AQIKAGwASDIAQE%3D#aoh=16006367847742&csi=1&referrer=https%3A%2F%2Fwww.google.com&_tf=From%20%251%24s&share=https%3A%2F%2Fwww.dailymail.co.uk%2Ftvshowbiz%2Farticle-8753357%2FTenets-domestic-haul-rises-paltry-36M-box-office-continues-disappoint.html
Expect an announcement on London tonight or tomorrow and Matt Han**** seems to be intensifying his rhetoric and not ruling out Total lockdown.
https://www.dailymail.co.uk/news/article-8752471/Matt-Han****-says-Britons-grass-neighbours-break-new-self-isolation-laws.html
Super God they may be opening but quite a few of the US states are only allowing 25% capacity limits. That is the case with recent openings in California.
Just for clarity I was a reluctant seller on Thursday on the 50 pence breach and the outlook has got worse since then. I sold to protect my capital from further erosion.
Just be careful for if a second wave is coming, and the PM says its inevitable, then things will get worse before they get better.