The problem Wannabee1 is that the Governments stance seemingly leaked yesterday of National "circuit breaker" 2 week lockdowns until Spring next year is just not the environment to be releasing new films into.
Whereas Covid19 commentary in the media had almost ceased whilst things were under control the commentary is just everywhere. That will dent people's appetite for key sectors such as leisure, hospitality and travel.
With these circuit breakers who is going to advance book a flight or a hotel or indeed cinema tickets.
It may be gucci think tank terminology but it is totally impracticable. For instance who pays for the staffs wages whilst they are on a 2 week lockdown. Will they be unemployed or are companies expected to pick up the tab.
I just think we are back into a mode of creating fear so that more will observe social distancing and that is not conducive with running any business that is dependant on footfall.
Cineworld have cinemas in Israel.
Full lockdown there and people cannot go beyond 500 metres of their home residence.
Heading should only be "Anecdotally"
The reason I parked up Thursday was firstly the 50p breach but also the fact that two children in my own childs school have confirmed positive tests for Covid19. That plus knowing how they interact outside the school corridors and with little if any regard for social distancing. They then take those interactions home with them and that starts the multiplication of the R value.It will in my view only get worse before it gets better.
Probably the most sensible thing you can do is adopt this method for making money and preserving your capital.
When it starts to approach 1 then you park up and bank what you have.
When it is clear measures are working and you can see that it is either less than 1 or you foresee it is heading that way (Brave !!) then you reinvest.
Hindsight they say is the best sight of all. What cannot be denied though is that it is informed sight
The thing you should be aware of and it was mentioned yesterday by several business leaders in interview is that all this now increasing talk of 2nd National lockdowns and tougher phased restrictions including the closure of hospitality venues like cinemas is that it will only serve to reduce footfall and consumer confidence further as people revert to bunker and siege mentality to protect themselves and their families. It is the last thing Cine needs.
The press only serve to magnify this for it appears everywhere again and invokes a cycle of sensationalism and fear. Your shorters then revel in this.
I was a reluctant seller on Thursday and given timings think that the Bond film which I had been pinning my hope's on, will now undoubtedly get postponed and adding further pressure on the share price.
The timing of all of this is completely Naff I know but preservation of your capital is what you should be concentrating on.
https://www.dailymail.co.uk/news/article-8747257/Is-England-heading-HALF-TERM-lockdown.html
Has got Matt Han**** and the possibility of National lockdown. It also has extensive coverage of Israel's full lockdown where citizens are banned from moving beyond 500metres from their home address.
The press are like a dog with a bone
I have just managed to sell some of my holding on the rise. I am justifiably concerned that the new Bond film will get delayed again and that full lockdown will come in again.
I'm just thinking the news of the Oxford vaccine trial recommencing will be good for our share price tomorrow.
Fantastic news on the Oxford vaccine trial restarting. I had thought it would be a month or two delay but it has restarted in less than a week.
I don't know a lot about Cineworld but I know it looks really cheap and that they don't have any cinemas in France, Spain or Germany. Most are in the United States with a greatly improving situation there.
If the US part of the trial is positive I think Donald Trump will authorise by Executive order the early purchase so that what will be the electorate can access it under the Right to Try scheme. Trailing Joe Biden in the polls by 10 points he needs a vote winner.
The restart of the Oxford trial might just have handed him that olive branch.
Hi nacho2
I actually cannot believe my eyes with that RNS that you have just drawn our attention to. A holdings increase of 1.45% is good but this is just simply astonishing.
Words do not even start to describe the contempt I have for their actions. There is not an ounce of integrity here at all.
They should surely be reported to the authorities for this.
Just viewed the interview and he charmed the interviewer. Sound performance and some good content.
I can realistically see the Cine share price at 70p prior to results update on the 24th. Should be a good weekend with several new releases.
Perhaps it was just me but after all that time waiting I thought there would be more content and specifically re SNG001.
I thought things were meant to be moving fast yet several months on the what we have is only a patent application at this time.
SNG if they are not careful will be beaten in the race by vaccines, of which some seem very close.
On the government 1PM announcement. If I hadn't benefited from the decline I'd be pushing that post forward to the FCA. Some have unscrupulously and blatantly been deprived of their shares.
Ruddy predictive text.
I'm just watching the 1PM news and there is no Government announcement mentioned, just Matt Han**** saying we must be careful. Has someone sought to deliberately mislead and should they be reported..
We should return to 60p or the 61p it was yesterday.
Robert Jenricks comments about the younger generation not only staying at home but going out to work and going out to enjoy themselves at pubs and restaurants I'm afraid doesn't point to a second lockdown. That fear was the reason for the fall. Nothing more, nothing left. Non impactice 1PM statement or if it is a hoax then back up we go.
https://www.bbc.co.uk/news/uk-54066831
A non impactive government announcement and we could even finish blue. Panickers buying back the stock they sold earlier and the shorters have been gifted an easy buy back opportunity.
I expect more to do the same in what has been a complete overreaction.