Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Well,
That was an anti climax to say the least.
1 measly percent as i speak. Don't think anyone called 1% yesterday. Weren't we up 5% last Thursday when the Brexit deal news was postponed? The FTSE 100 is up 1.81% and flying, and even the 250 is up 1%.
On the bright side, they say we are going to get the Oxford/Astra vaccine approval imminently/this week.
Lets hope that's today or tomorrow, and not Thursday when the market closes at 12.30pm.
Ok Fun,
No worries. I had half an hours to kill, so no skin off my nose.
But thanks for the simple explanation.
I knew there was a simple reason Mooky hadn't already done it.
Looking forward to two boosts this week; Tomorrow a Brexit deal boost on opening, and then hopefully after some time tomorrow or before Wednesday opening another boost with the Oxford/Astra vaccine approval.
Some good news to affect the upward trajectory of the SP seems like a welcome change.
Guys,
If you want to see something i consider crazy. Read this.
Firstly fun fact, we're the second largest Cinema chain in the world, AMC is No1, and Cinemark is No.3.
Ours and Cinemark's financial stats in Feb 20, Pre Pandemic were very similar, in fact eerily similar Market cap wise, Revenue wise, and Profit wise to Cinemark. We were ahead by a few hundred thousand dollars. The only big difference was our stock/share price.
Over in the US today, Cinemark is trading at over $18.00, call it £13.50 in our money! Yes, that is over 20 x the current CINE SP!! To add more, Cinemark were trading at $32.00 in Feb 2020, when our SP was trading at £1.80!
Incredibly Cinemark only trade on average $11 million of stock per day on the massive NYSE, compared to our average £30 million daily trades on the smaller FTSE 250.
Imagine, if next year when we're back to normal and the SP is hovering around 130p, Mooky said we're going to move our company and get listed on the New York Stock Exchange as Regal Cinemas (our US Sister brand name) at $15.00 per share. The new listing would be pounced upon as it would be seen for what it is a absolute bargain compared to what Cinemark's SP will be next year. For argument's sake, lets say the our Stock price rises to $20.00 (£15.00), after a month of being listed on the NYSE. That means as our £1.30 UK listed shares got moved over to NYSE listed US stocks, us current CINE shareholders would make a whopping 1100% profit!!! Yes, that is 11 times your CINE share holding! I'm pretty sure we'd be making some folks on here US $ millionaires!
It sounds fantastical, but it's not. It's so easy for Mooky because the vast bulk (nearly 70%) of our Cinema's are in the US, and Regal Cinemas already have a US HQ in Knoxville, Tennessee. We easily reach the Market Cap status and we operate a profitable and respectable business with 40,000 employees in the USA. We easily fit the criteria for listing on the NYSE. All we would need is Price Waterhouse Cooper to file accounts for the NYSE (which they do for us here for the LSE anyway), and J P Morgan and Goldman Sachs (other investment banks are available) to handle the listing for us.
I love England, but i love profit too, and i for one can't see why Mooky sticks with the FTSE when his main US competitor's stock price is worth so much more than my his own, and has so much more growth potential.
Call me a mad man, but that's why UK companies like Arrival and soon to be Paysafe are going to turn into instant Multi Billion dollar companies once their Listings/IPO's take place.
To me, it's a no brainer, Cineworld still stay as it is in the rest of the world, no need to rebrand, Regal stays as it is in the USA. To the employees, there's little difference unless Mooky decide to reward them with some Regal stocks. The only effect is on Mooky's net worth, the institutional holders net worth, the current Shareholders holdings and the company value.
Win, Win, Win!!
True points re: Jangho.
What we have to remember about these guys is that they don't need to money. They can quite happily hold their stake or accumulate, with a view to either selling and profiting when the SP hits treble figures, IMO in Spring time, or they can hold their position for later in the year when the SP rises further.
Alternatively they could accumulative further to profit even more as the SP rises, or with a view to a possible takeover, which is less likely in my opinion. This is made more unlikely with normalcy on the horizon, one might ask (unless a really bonanza takeover bid is put on the table) why Mooky would sell what is going to be a thriving business from the end of Q1 2021. It's all speculative obviously.
Interesting points on the Short positions @Funinvestor. Yes indeed, probably why those creatures are sticking to their positions. I'll echo your sentiments regarding the Vaccine rollout from next week. lets pray that the Government get their best (outside sourced) team on the case to ensure a smooth rollout.
Morning Guys,
I can see the SP initially, briefly, spiking to 76p tomorrow, up 17.5%, then settling down to 71p, up around 10% at close, with another 5% rise on Wednesday. I fully expect a well overdue rerate based on the fact that many other shares rallied after the big drop on 3rd December, when the whole market dropped hard as news came out that Brexit negotiations were going very badly and a No Deal Brexit was likely. Unfortunately CINE didn't really recover. All bar the 20% drop of 21st December (news of new Virus strain), she stayed within the 60-65p range.
There is a unknown factor for me, as Jm4tw touched on, the Shorters, somewhere along the line they've got to want to get out of their positions. Heaven knows, they've had enough opportunities, most recently Monday 21st Dec when the SP got dropped on opening at auction down to the sub 50p, before recovering . At some point they are going to get squeezed, and i can't believe that they can afford to wait until the reopening RNS (probably in March), when IMO the SP will hit treble figures.
Very interesting day tomorrow, Good luck all.
Great post @Jm4tw,
Hope you and all our fellow posters had a good, if different, Xmas.
What fantastic news since the markets closed on Xmas eve.
I’m going to add one more positive point to your list;
The Europe wide role of (from today) of the Pfizer Covid Vaccine.
I know we’re a Global company, but we’re listed on the FTSE 250 and as we know UK centric news affects us dramatically.
I’d love to see the auction hammer show up on Tuesday am (providing the Oxford/Astra vaccine is approved), this time to control the price rise!
They dropped us on 3rd Dec in an instant, massive 22% drop on simply the possibility of a No Brexit Deal.
Well now we’ve got a decent deal and you’re going to have a top Vaccine approved with a much, much improved efficacy.
Like Latpulldown says goodbye 60’s hello again 70’s. It’s been a while, we’ve missed you. Looking forward to meeting your cousin the 80’s early in the new year!
Good luck all
True enough Sammy & Fun,
It would have been nice to have the announement pre Market opening or at Market opening. We could have had a boost today, then another next week when (hopefully) the Oxford/Astra approval is given. Anyway, it'll happen, at some time today.
But, yes, the LSE does close at 12.30pm today and won't reopen until Tuesday 29th Dec (as this Monday is a Bank Holiday because Boxing Day falls on a Saturday).
Best laid plans, and all! Anyway, i'll echo the Seasons Greetings to all the fine posters on here who have been in CINE for a few months or more. You know who you are. Enjoy your Xmas, wherever you are, whatever you're doing. Stay well.
True enough Zstarz,
I'm not sure that they would be able to mount a takeover even if they wanted to, as we must remember Mooky, and many of the institutional investors hold their shares at £2 +. This coupled with the fact that its Mooky's family legacy, the takeover offer would have to be absolutely stellar for him to sell out IMO. But i'm down with any journo printing the speculative story!
Irrespective of that though, it's great to see Jangho's continued accumulation of shares, it shows confidence in the company/investment.
Agree with all other posters, Brexit deal look signed, sealed and delivered though it shouldn't technically, it will have a positive effect on the SP, as it will the whole of the FTSE. It brings some level of certainty back to the market.
Oxford / Astra approval and US Stimulus news should be out next week ready for when the London Stock Exchange reopens on Tuesday 29th Dec or thereabouts, after trading shuts down tomorrow at 12.30pm for a 4 day Xmas break.
Funny that i came in at 49p in August this year, enduring like many huge highs and lows (SP wise;
No financing secured post July Covenants
Brexit still outstanding,
Covid still rife,
Annual Financial Results yet to be released.
Movie dates rescheduled
I haven't even got onto to Cinemas being shut down temporarily after Bond's pushed to 2021! All that, and a wonderful investor could have come into this today at 64p, with all the above sorted, just ready to ride the CINE train to 120p and above once Bond's -No Time to Die - opens in April, and the world returns to some form of normalcy. It just doesn't seem fair!! Bet hey ho, thems the breaks!
Should be, hopefully, a good end (SP wise) to a difficult year.
Good luck all
Yes guys,
That was nearly what i wished for for Xmas yesterday!
I wanted 10% but 9.39% is good enough in a global pandemic
Now, Johnson justs needs to get the Brexit deal sealed and we should see some movement.
I'd love to see an article in the papers over the weekend about the mysterious Chinese billion dollar company that have taken nearly a 10% stake in the company, and some spurrious claims of a takeover, just to put the cat amongst the pigeons!
Good luck all
Nice one Crumpets,
That's what we were hoping for. Someone competent is obviously overseeing that roll out.
Once these (and hopefully more) site are active, and we are given the green light for the Oxford/Astra vaccine, we should be able to ramp up the vaccination program, and get on top of the virus.
Good to hear there's forward progress on this front.
Still looking forward to watching Bond on CINE screen on April 4th:)
Good point Fun,
Hadn't thought of it like that. Thanks, Indeed, there weren't the number of shares available at that low price.
Being as you're from Scotland, i can imagine you've got a framed Boris portrait in your front room! I live down in Canterbury, about as far away as you can travel south, and the only pictures of Johnson i've got are on the target that i use for target practice when shooting my Air Rifle!
Yes @zstarz i heard that song this morning. It was number in the UK I Tunes chart at the time. Wow. I'm a man of the world, but wow, i believe it's even straight into the actual BBC Top 20 Charts at No 19. Makes the Sex Pistols seem very tame indeed:) I won't share the link for fear of causing offence.
Copy that Fun Investor. I've thrown the letter away!
Shame.
I, personally, think Jangho missed a trick then. But there again, i'm a clown, and they're a multi billion dollar corporation!
Yes, indeed days for Johnson to do a deal are indeed running down. It's like a Mexican stand off now, neither the EU or us ty wants to be the first one to call negotiations off, but unfortunately times definitely not on our side, as we have less than 8 days until we actually leave, and many less before he has to address the nation with the decision. As you may have gathered i have very little faith in him.
Anyway tis the season and all that, and i have great faith that with various vaccines, what will be the military's involvement in rolling out the next stage of the vaccination program for the masses, and continued sensible restrictions, we will get a hold on the virus and by Spring....us and the world will be approaching something we can call a new normal, which will be a considerable improvement on where we are today.
Good luck all.
Hi Guys,
For Christmas this year (apart from peace, prosperity and good health to all mankind), i want something a bit different.
I want to see an RNS on Thursday showing that Jangho has bought up another substanial stake in CINE yesterday taking them well over a 10% holding. I refuse to believe that they didn't have brokers orders to buy up more CINE if it ever dropped below 50p, which to the MM's (ergo to Jangho) it did yesterday morning.
Oh yeah, and since i'm being greedy, i want a Brexit deal too before Xmas. I know you're a bumbling baffoon 99% of the time, but just prove me wrong once. Be like the proverbial broken clock.
Good luck all
Some good news here;
The European Medical Agency ( EMA) say the Pfizer vaccine (one would assume the others too) . Emar Cooke, head of the EMA said;
"At this moment there is no evidence to suggest this vaccine will not work against the new variant,"
Hopefully, the Media cover this story, not just the doom and gloom analysis.
https://www.wionews.com/world/it-works-against-new-variant-too-eu-approves-pfizer-biontech-coronavirus-vaccine-351418
Funny to note how little the news of the evil new strain of the virus from the UK has affected US Stocks;
AMC - down 4%
Cinemark - down 1.5%
We got battered by 22% this morning!
For those of you who wonder whether the MM's can control and play with our SP, there was another object lesson.
Spot on @Winniworld.
Excellent post.
Nothing to add to that.
You might forward this to Matt Hanc**k, that fella is so far out of his depth he needs a life jacket!
Once the over 70's and vulnerable people have been vaccinated
Morning Guys,
To be dropped to 48.33 (-22%) by the MM's was outrageous. The auction on open doesn't help! I didn't see another share that had two auctions this morning! One for the MM's to sell off, and one for them to buy back cheap. Shocking!
The fact we got instantly smashed more than the IAG, EASYJET, NEX and SAGA....again shocking.
Unfortunately, as i have said before, I believe that's a small taste of what the instant hit that will happen to the FTSE 250 in the event that a No Deal Brexit is called during the period that London Stock Market is closed between midday on 24th Dec and it reopening to the news on 29th Dec.
Today, though, i'd be surprised if we finish the day more than 5% down.
Good luck all
Spot on Steve,
NOFEAR has always nailed his colours to his long term CINE position. Never in any doubt. He's consistently gone out of his way to provide interesting information regarding this company to members, definitely over and above anything i would have found, or indeed had the time to find. He plays the role of informative information service. You can take it on board or not, your choice.
With the new virus strain getting the media hysterical again, and no good news on a Brexit deal, any good news notably the forthcoming, imminent US Stimulus bill, Moderna approval on Friday in the US and the imminent Oxford/Astra approval, won't get the boost to the SP that they would have in better times. We all know how the MM's can choose to move the SP if they wish. It's no secret, and it's definitely not unique to this share (although it is one of their favourites).
The coming ten days or so are going to be interesting, notwithstanding the Stock market break from midday on 24th December right through to the reopen on 29th December, by which time we should have confirmation on the Brexit deal (or not), and the Oxford/Astra approval. It's going to be an interesting opening on 29th December, whatever the case, after 5 days non trading.
Good luck all.
Good post Latpulldown,
You asked a question in the final paragraph.....
“The more pertinent question from an investment perspective has to be where will the share price be at the end of March or April having reopened again into the new Bond film.”
In my humble opinion, at the end of April 21, with CINE having been open worldwide for 6 weeks (since mid March 21) and after Bond will have been running for 3 weeks or so, I forsee the SP at 120p, and rising from there. I’m not saying there won’t be bumps in the road reaching that price, but that’s what I see for the end of April 21.
Good luck all.
Good Afternoon Guys,
The US stimulus breakthrough is great news this weekend, as was Moderna’s full FDA Emergency Use Approval. I do wish it had come without the new strain of the virus though.
Now, I for one am waiting with great interest to see NOFEAR’s reveal this afternoon regarding his views on what’s going to happen short term to our SP.
Most interestingly, because as many of us know, he spends a huge amount of his time properly researching and sharing this (and other shares) and also because he was absolutely, uncannily spot on regarding Capita SP last week.
Over to you NOFEAR.