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Wadz I had a similar scenario I actually first bought in the 90s over 12 months ago and due to the huge drop off was able to lower my average. I have a nice profit as things stand if it drops to mid 70s I will top up again but not much as like you I am a little uncomfortable with the amount I have in Cine and the risks.
AllKap 20 to 30 people was often the number for a screening at my local cineworld pre pandemic to be honest so don’t think that’s a specific worry linked to the current climate. Obviously for peak times and bigger films those numbers need to be higher though.
https://www.boxofficemojo.com/month/?ref_=bo_nb_yl_secondarytab
Box office takings ticking up with FF9 to provide a real boost the final week with as said above California moving to 100% capacity on Monday. It’s clearly going to fall short of previous years but could still be a healthy number with current capacity restrictions.
Sadly I think this is going lower yet but America seems to be in a real good place with Covid with California increasing to 100% capacity on 15th June. 75% of Cineworld operations are in America surely this should be just as relevant if not more relevant than a potential suspension of the next stop of the road map???
I’d be genuinely interested to hear from share holders about there local cineworlds. I have only had the opportunity to go once since reopening to take little uns to watch Peter Rabbit 2 during half term but I have been checking Leeds and Bradford bookings regular and have to say if it’s 20% capacity needed to make profit then the vast majority of viewings are falling short. Anybody shed any light on there locals?
Where the SP is now compared to March when we were closed and the SP hit £1.22 is inexcusable. We have dropped 30% nearly, the majority of which is since reopening. Is this game playing or is there genuine reason to worry that bad news is on the way. If still closed I could understand the drop and would have seen as an opportunity to top up but I really don’t look at this at the moment and think this is a good time to top up my holding.
The uncertainty of whether Boris will press on with the next stage of the roadmap is likely the main reason this share continues to slowly tumble. I am worried though as to how far the price has dropped since hitting £1.22 in March when we were all shut up and don’t know what it’s going to take to get back to that price if indeed it ever will. I can’t see the green for the next stage of the road map having a significant influence on the share price but no doubt if the next stage is delayed it will drop like a stone.
95p close today and think we may be around that mark week end also.
A really frustrating period this trying to remain positive and the low volumes will do nothing for the SP. Thinking relatively short term what will help the SP? The good news for now seems to have been and gone and even on generally good days for the FTSE we seem to have red days. This is all about footfall and cash in the till now is it not and we won’t really know how good and profitable that is for some time. With the line up of films and hopefully the end of social distancing it should be as good as it has ever been.
I sincerely hope your prediction is right regarding SP at the end of year. The line up of films is there it’s now all about footfall and cash in the tills. It could be several months before we see this go up much.
Sadly in the the past year the anticipated RNS giving good news has had little or no impact on the SP. Opening tomorrow is likely to be priced in IMO but an RNS certainly wouldn’t harm and obviously I hope if an RNS will have a real impact on the SP.
Ashtash89 I respect your views as I know your a LTH like me and like you I have had a couple of replies to my posts in the past questioning whether I am indeed a holder. In respect of good news doesn’t always play into our hands and why don’t investors get that. I do get that but equally I think for myself and others it’s the frustration that the roadmap was in place, the data was all good for that roadmap to be followed. As such we have known for several weeks that in and around the 17th May was going to be doors reopen time yet we have seen a drop of over 30% during those weeks from when we hit £1.22. Surely as in investor you hope that good news will help the SP rise again and I’m sure it will a little next week but I’m also realistic it ain’t gonna rise nearly 50% from its current price to take us back where we were any time soon.
I think the big frustration with this is where we are now from where we were sat only 7/8 weeks ago. A 15% rise takes us to late 90s which is still some 30% where we were when we reached £1.20 which I appreciate may have been a little high at that point. I personally though we would see under £1 again at that point but we have dropped over 30% for no other reason than it seeming to be playing games.
Dropping again could end up been a red day again it’s absolutely scandalous what’s going on based on what we know.
Donotpanic I agree this should regain most of yesterday’s loss if not all of it with it looking like a good day for the FTSE. I hope it will close at 88p minimum.
I looked at Cineworld Leeds who are also taking bookings and literally a few booked in but plenty of time.
Struggling to put a positive spin on this right now the increase to £1.20 in March was maybe too high but it’s now dropped nearly 35% In a matter of 7 weeks. It’s an absolute pounding and again today the FTSE rebounds from this morning yet we look like to be over 5% down. This could go a lot lower yet.
The FTSE has significantly recovered this afternoon yet we look like remaining significantly down for the day. I still believe this share will eventually provide good reward but the games being played makes you think this could go lower yet and the rewards could be a fair way down the line.
Momentum is down I think it will drop below 80p but hope not much below. As much as the markets are down when that’s the case Cineworld is often hit harder than most.
hsn123 I think your right I’m still positive regarding this stock and will look to top up but think there could be an opportunity to do that another 5-10% lower than what the SP is now.