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Moving on from the Xmas antics. This is an interesting article from Variety magazine today.
It sums up George Clooney’s view on the future of Cinema amongst other things.
Aside from being, IMO, one of the best actors of his generation, He’s a very sensible guy.
https://variety.com/2020/film/news/george-clooney-movie-industry-theaters-coronavirus-pandemic-1234854154/
Crumpets - so funny
NO FEAR - that guy had the right expression but was way too smart for our two boys. They’re attire is old, tatty, filthy hand me downs:)
I’ve got them down like this......
https://ibb.co/71Lx83j
Thanks NoFear,
It’s a modern day Christmas classic for sure.
I hope these two boys realise how much effort we’re all putting in to get them into the Christmas Spirit. Goodwill to all men and women, at this time of year and all.
I know their idol is Ebenezer Scrooge, but I’d like to think these Xmas tunes could, this year, even put a smile on their little faces:)
‘Last Christmas I gave Shorter my heart, but the very next day he gave it away, this year to save me from Tears I’ll give it to Insi baby’
Morning Guys,
Love the modified Christmas tunes......Jangho bells(!) Class.
The visual that Abrooking provided of IDW watching torrented pirate movies on his 20" 2009 screen is brilliant:)
Now, it's a little known secret that Intoodeeptwins and Shorterboy's favourite recording artists are Wham. As an homage to their favourite band and indeed their favourite track - 'Last Christmas' - Intoodeeptwins wrote a remixed version of this Wham classic especially for his Best Friend Forever Shorterboy. We've managed to obtain a snippet of the lyrics that were posted on the bulletin board of the YMCA in Norwood, South London, where they're both currently residing after being evicted from their bedsits. Here's a snippet;
Last Christmas I gave you my heart
But the very next day you gave it away
This year, Shorter, to save me from tears
I'll give it to someone special
Last Christmas I gave you my heart
But the very next day you gave it away (you gave it away)
This year, to save me from tears
I'll give it to someone special (special)
Once bitten by CINE and twice shy
I keep my distance, but you still catch my eye
Tell me Shorter, do you recognize me?
Well, it's been a year, it doesn't surprise me
"Merry Christmas" I wrapped it up and sent it
With a note saying "I love you", I meant it
Now I know what a fool I've been
But if you kissed me now, I know you'd fool me again
Last Christmas I gave you my heart
But the very next day you gave it away (you gave it away)
This year, to save me from tears Shorter,
I'll give it to someone special
Jangho increasing their holdings to 8.16% is great. I remember their previous highest holding was 8.58% in September this year.
I'm with Funinvestor. If they get their position to over 10% (which isn't much to them) then we're cooking with gas!
It's funny because while one majority Chinese owned Cinema chain - AMC - and the Wanda Group is failing, another might come to the fore. What prestige that would be for Jangho Group, along the same lines as Abramovich buying Chelsea back in 2003.
Good Morning Guys,
Well, looks another quiet day. Be nice to stay positive today. In all the doom and gloom, i'd nearly forgotten Wonder Woman 1984 opens today every where (that can open) outside of the USA.
It's got good reviews. I'll be fascinated to see how little it brings in through HBO Max. In all honesty, HBO Max aside, they couldn't have released a blockbuster movie to Cinema audiences at a worse time (Covid infections/Lockdowns/Cinema closures).
I bet Warner Media will be wishing they'd released it on 2nd October this year as planned, just after Tenet, when all the Cinemas Chains were open and when more and more venues were opening up (though not LA or NY) If Tenet got $350m worldwide, WW1984 would have easily got $500m due to a much, much wider audience, better weather in October, less infections/deaths and less 'fear'.
Anyway, i know what i'll be watching on Friday night:)
https://variety.com/2020/film/reviews/wonder-woman-1984-review-sequel-1234853844/
Hi Funinvestor,
That’s what I thought from ‘researching’ last week, until I came across this news. The reason I’m more than hopeful is that the news comes from a Baron, Baron Prior - Chairman of NHS England. For some reason I trust a Baron more than a politician.
We’ll see.
Good luck all
Good Morning Guys,
I was interested to know when we're going to get approval here in the UK on the Oxford Astrazeneca vaccine.
Google being my friend took me all the way to India this morning, and the below attached articles.
Baron David Prior, the Chairman of NHS England was in India on Saturday 13th Dec addressing the FICCI - the Federation of Indian Chamber of Commerce and Industry (no doubt to try and get some sort of post brexit deal sewn up). Anyway, Baron Prior is quoted as saying the he hopes to see the Oxford Vaccine approved here 'within a matter of days'. That was last Saturday, so by my rudimentary calculations that suggests, that approval is coming this week.
Anyone got anything that further verifies this? It wouldn't surprise me, as the PM needs a win, and the Oxford/Astra vaccine approval is what the UK in particular has been pinning its hope too. This isn't why the SP's going up, but rest assured it will when this news gets officially released.
Good luck all.
Here's two links;
https://www.businesstoday.in/coronavirus/hope-astrazeneca-vaccine-will-be-approved-in-a-matter-of-days-says-uk-nhs-chief/story/424752.html
https://www.business-standard.com/article/current-affairs/expect-astrazeneca-vaccine-will-be-approved-within-days-uk-nhs-chief-120121200559_1.html
Hi Newbie2020,
Cinemark has no link to Disney, no allegiance to any studio. It runs the same as Regal Cinemas (Cineworld US brand).
The only reason it's stock has been going up is because it's doing its correction work after the drop from the Warner news last week. AMC was doing the same on a lesser scale.
Cinemark fell from $17.04 to $13.30 instantly on the Warner news last week, now its recovering.
Add in a bit of FDA board of experts positive news yesterday, and on a down day over in the US (You know it's a bad day when Tesla's down!), it's down very well.
I've said it before we would have been on the same upward recovery path but for the political/economic uncertainty that's tainting the market.
@Economist they get the same movies as us. We're the 2nd biggest Cinema chain behind AMC. Following close behind us is Cinemark.
We'll get there.
Good luck
Latpulldown, So funny. I swear i didn't see your post, as i was composing mine at the time.
I trade a lot on the US markets, and i'm often stunned by them.
The Air b n b IPO yesterday was insane, so was Door Dash (think Deliveroo).
People are instantly bidding twice what the company lists the stock price at.
I've been in Tesla for a while. It's the maddest stock in the world.
It goes up, Elon Musk, does a stock split, it goes up again, he dump millions of shares, mark my words, when it hits $1000 again, he'll do another stock split.
Our American cousins don't really invest doing fundamentals in anyway, shape or form as much as we Brits do!
I think Mooky should do it.....in 2022!
Hi Guys,
I was wondering.
We have 536 Regal Cinemas in the US, and 127 elsewhere in the 127 in the UK (with a few others sprinkled around Eastern Europe).
My question is why aren't we registered on the NYSE, like Cinemark and AMC, or for that matter, any number of foreign owned and registered NYSE listed companies?
I know the Cineworld registered office is here in Brentford, Middlesex and Mooky lives here, but we fit all the relevant criteria - market cap, number of shares, shareholders, US and Global business's - for listing in the US, and we have Regal Corporate offices in Knoxville, Tennessee.
Our stats with over £4 billion revenue and £1.6b profit in 2019 are better, but very similar to Cinemarks, who are currently trading at $15 at the moment, half of their Feb 20 pre covid price of $30. So we're trading at 60p and they're up at $15, and we both trade on average 29 million shares, with very similar revenues and profits.
All we would need to list would be a minimum share price of $4, which if you look at the recent Initial Public Offerings over there, would be ridiculously cheap.
I'd love for someone to tell me why this wouldn't be a good move for Mooky to make in 2022 when the world's fully recovered, and CINE's SP is back near 200p. I can't see any downside with that. Can you?
Exactly @MarkRS,
The only saving grace vis a vis CINE, is that this all happens whilst we are temporarily closed.
Mooky was never going to open before Feb/March 21 anyway without the necessary chain of blockbusters.
It's annoying, have no doubt, but there are other companies out there that stand the possibilities of getting absolutely smashed and not make the very quick recovery that, i believe, CINE will do, if Johnson waits to announce the news on Sunday.
Good luck all
Guys,
This is nothing to do with Disney. That was fine. You only have to look at Cinemark and AMC in the US. They're flying pre market. The Disney news was fine for Cinema.
We should have been up in the 70's this week easily.
This is simply the market getting very jittery over bungling Boris's efforts to try and get a deal (or not).
All the signals given out by him and Raab since his dinner with Ursula Von de Leyen on Wednesday point one way.
The market is only just picking up on that. The whole market is down.
It's going to be bumpy for a bit, but as long term holders, it isn't really an issue.
We've all seen it before.
I'm more annoyed at the clown that calls himself a PM. He knew he was going to call this months ago, and proper preparation could have been effected, instead of leaving it to the last minute.
Good luck all.
Hi Guys,
This the latest news i could find re: Disney's intentions.
These journos don't believe that Disney will follow Warner/HBO Max's lead on simultaneous streaming, in anything but the shortest of terms. They've done Mulan and they've already stated they will put Soul on Disney +, but i very much doubt Black Widow will find it's way to Disney + on it's release date. They want $750m, close to what the first Wonderwoman made for that movie.
In a nutshell, it's alleged, that it is not financially viable for Disney to charge the extra money in order to obtain the same revenue that they would from a theatrical release.
The Disney Investor meeting starts at 9.30pm UK time, coincidentally 15 mins after the FDA Expert Panel vote on the Pfizer Vaccine approval. Interesting night.
Oh, and @pistachiorich, you're right AMC aren't going to go bankrupt, but it's a tricky share to get into now because though it's been rising recently, they are going to drop 200m stocks onto the market once their Stock price reaches above $4.22, in order to try and raise $800m dollars. The market won't like that in the short term. Besides all that you've said that it's a bargain, but it was trading at $7.76 in Feb 20, and is now $4.05 now. Cineworld was 180p at the same time in Feb 20, and is now 61p. Now, we've got our financing in place, ready to open when its safe. By my rudimentary arithmetic we're the bargain.
Good luck all
https://www.cnbc.com/2020/12/10/disney-nbcuniversal-viacomcbs-unlikely-to-follow-warnermedias-2021-movie-plan.html?__source=twitter%7Cmain
https://markets.businessinsider.com/news/stocks/amc-stock-sale-cash-burn-movie-theaters-bankruptcy-coronavirus-vaccine-2020-12-1029865737
It's Disney's Investor day tomorrow.
It starts at 4.30pm (NY time) - 9.30pm UK time, and goes on for five hours!
The take away i took from this article was this ;
"The company, per usual, is playing its cards close to the vest. But Disney largely isn’t expected to send the bulk of next year’s box office entries to Disney Plus. For one, it doesn’t have the same urgency as HBO Max to build up subscribers; Disney’s streaming service already boasts 73.3 million paying subscribers, exceeding most analysts’ wildest expectations."
https://variety.com/2020/tv/news/disney-investor-day-2020-streaming-theatrical-disneyland-1234849168/
Please, pretty please, Disney. Stick to the theatrical windows, and don't do a Warner.
On a seperate note, very true Bladey. I drive past a Cineworld twice a week - always make me sad to see it shuttered up. Can't wait for the day she reopens:)
https://variety.com/2020/tv/news/disney-investor-day-2020-streaming-theatrical-disneyland-1234849168/
Exactly right Bladey,
The FDA panel of experts meet tomorrow , and they spend time discussing the findings, thereafter coming to a conclusion, yes or no for Approval of Pfizer's vaccine.
We all know the answer, but the Federal Government's approval greenlights it for distribution.
Couple this with Biden's 100 day mask mandate from Jan 21, and we'll be in a very good position (compared to today) for the good folks over the pond to enjoy many a movie at a Regal Movie Theater (other cinemas are available, but we want you to go to a Regal!
Good luck all.
https://www.wsj.com/articles/head-of-fda-advisory-panel-predicts-approval-for-pfizers-covid-19-vaccine-11607515201
What a day Thursday is going to be;
The FDA expert panel are meeting to decide whether to approve the Pfizer/Biontech vaccine.
Final Brexit talks are taking place in Brussels between the PM and Ursula Von de Leyen.
Disney's Investor Day after 4.30pm (NY time) 9.30 UK time.
I know what i'm hoping for on all three of those!
Hi,
When you read/view this interview/story with Warner's CEO Ann Sarnoff, it makes Warner sound like something out of The Sopranos!
It's incredible that a major Studio would behave like this. Here's a snippet.
"Warner Bros. did not consult the actors, agents or directors of the 17 films that make up its 2021 movie slate and it didn’t make distribution deals with cinemas, which have traditionally been against day-and-date releases.
In fact, a number of media reports suggest that filmmakers and cinema owners were only told about the announcement less than two hours before it was made public."
Don't worry they'll get their comeuppance when their revenue figures come in for the Warner movies run simultaneously in Cinemas and on HBO max!
https://www.cnbc.com/2020/12/08/warner-bros-ceo-defends-2021-film-release-model-in-talks-with-talent.html?__source=twitter%7Cmain
It's true both AMC and Cinemark are up over in the US this afternoon - 8.80% and 7.2%, as i write.
A couple of reasons; US Stimulus talks, FDA vaccine hopes for this week, and more than all that a correction from the massive drop of 3rd Dec (the Warner/HBO Max news). Also for Cinemark as you can see from the attached, today before opening, a 12 month Analysts rating was released; the average 12 month price objective is $16.10, and the ratings 5 Hold, 6 Buy, 1 Strong buy.
The Americans seem to have got over the Warner Bros/HBO Max, flash in the pan news.
Have no doubt, if Brexit wasn't in our way, CINE would be making the very same type of recovery play. The 5% that we were up at Midday yesterday would have continued into today. But, with that monkey on our backs, we're going to be in a holding pattern until the powers that be decide what will be.
https://www.marketbeat.com/instant-alerts/nyse-cnk-consensus-analyst-rating-2020-12/
Good luck all
Good Morning,
I've read many of the posts today.
The later ones ponder a Brexit Deal or No Deal. Truth be told, at this very late stage. I believe that the two sides are too far apart on matters that neither side are willing to give any quarter on.
The PM will head off to Brussels to meet Ursula Von De Leyen on Thursday. IMO it's just a act for the cameras, so as both parties can say to their respective people they tried their best, but unfortunately the other side made it impossible to get a deal.
Half the country will go fine, the other half won't.
But for us here, it's naive to think that if, as i believe, a No deal gets called, that the market won't go down. You only have to see what a sensationalist Sky News 'Story' (see 22nd October 20) can do to our SP to realize that. I don't see 40p as some doom mongers have suggested, but definitely expect a temporary drop into the low 50's. That being said, for long termers - though annoying - it's just a number on the screen.
No Deal or not, CINE will still open up before the end of March 2021, and accordingly, the SP will rise accordingly toward this date. No deal makes nigh on no difference to UK Citizens, Eastern European Citizen or US Citizens going to the Cineworld sites to watch movies when they reopen
I'll stand by this, the SP will reach £1 by 1st April 2021, and will increase accordingly as more and more revenue is earned around the world as CINE/REGAL site open up to a more normal world.
Good luck all CINE long term holders