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Maybe a tree shake?

Let’s not forget about the €45bn of debt.

I could not agree more with you. This has damaged greatly India's credibility as an international investment destination for businesses. Modi has realised that. His government plans to reverse this controversial and unfair company tax regime, but this may be too little too late. In the Q1 transcripts, Nick Read was very clear that Vodafone Group is not putting any capital into the Vodafone-Idea JV, no matter what. If they collapse, so be it. India will find itself with a duopoly in Mobile (also the primary way to access internet for most of the population) and live with the consequences that come with it.

@Noddi, I agree. There is a lot of wishful thinking at times (positive or negative opinions). The reality is that CINE is a risky multibagger. Risky because of the COVID uncertainty and the cash-burn until box-office resumes to high levels. Multibagger because this business is greatly under-valued.

If only this forum supported GIF like Stocktwits.com or discord servers, then we'd could be creatively and extravagantly bullish about CINE. In the meantime, CINE to the MOOON!
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This is big news for us! Now Cine has a release agreement with all 3 major studios in the US at least.
https://deadline.com/2021/05/regal-cineworld-disney-theatrical-deal-us-uk-1234756230/

110,568 shares in VOD.L
This is a yield stock with a reliable 6-7% dividend with some potential for share price growth (down to revenue growth, cash generation levels and debt reduction). It is not a capital growth stock. As such buying to hope it will x2 or 3x is a doomed investment.

cash on BS worth $12 a share, net cash $5 a share
debt reduction (bond repurchase)
cost reduction (poor performing store closure and a smaller group function)
rising e-commerce play
rev share agreement with Microsoft Xbox (cash rich)
next gen game consoles
Market cap is just x 0.2-0.3 revenue, norm is 0.5-0.7

Gamestop GME in the US. Grossly under-valued business as a result of COVID19. My holding in GME is a large as in CINE.

the voice of wisdom.

This can only help sentiments for PFD
https://www.cityam.com/piece-of-cake-lockdown-treats-boost-revenue-30-per-cent-at-cake-box/?utm_source=dlvr.it&utm_medium=twitter

Taking into account CINE's trading environment and financials, why would I sell now when target price is 180p, Morgan Stanley keeps on raising their stake (RNS) and we are just 10 days from Q1 trading update! I am not going to hand over my hard earned shares to someone else and let them profit from it. At worse this is a long term hold. At best it is a multi-bagger in the next 3-6 months, possibly sooner. Vaccines are on their way. Cinemas are re-opening albeit slowly and gradually. Blockbusters can't be delayed indefinitely.

Patient investors will be winners.

the voice of wisdom.

Consumer spending is coming back to US cinemas. US box office has been on the up for the last 5 weeks and the momentum will continue with the Labour Day weekend. Still some way to go to the $100m per week, but we are getting there steadily.

Week commencing:
31 Jul: $0.72m
7 Aug: $1.14m
14 Aug: $3.10m
21 Aug: $8.14m
28 Aug: $14.66m
4 Sep: (my forecast $25m+)
Source: box office Mojo

UK WEEKEND is not material to CINE. US is.
US WEEKEND gros has doubled or tripled each week for the last 4 weekends and just passed the $10m ($12.5m to be precise) last weekend. Labour day weekend is coming and this trend will improve.

Americans have started to go back to cinemas ahead of the official reopening today. The following data is an encouraging leading indicator (Source boxofficemojo) in addition to Covid cases and daily deaths starting to trend down. Tenet, the glut of blockbusters to be released and positive reports from Asia demonstrating pent-up demand make for a positive outlook.

Week commencing, US box office in $m
17July, 0.43
24 July, 0.97
31 July, 0.72
7 August, 1.14
14 August, 2.46
21 August, 5.58 (first 4 days including Friday to Sunday weekend)

For reference a typical week pre-Covid was between $100m - $200m.

@RS2002, I dont see movie goers rushing yet to cinemas in the US. Weekly US box office still below $1m when it used to be between $100m-$200m a week. That is right now the most inportant data point to monitor imho, short of CINE being takeover by a new entrant like a Streamer.
https://www.boxofficemojo.com/weekly/?ref_=bo_nb_ml_secondarytab

I am disappointed by how the SP has dropped since the Q1 results. However I dont understand why there is a perception of VOD selling the towers. My understanding is different. They are regrouping all in-country tower assets under one company, adding the shared assets too (UK and Greece) and then putting 20% of the new TowerCo equity for IPO in order to get the valuation benefit into the SP and lower debt. They have stated numerous times they will retain 80% ownership. Have I missed something?

I just looked at the marketcap / screen ratio of AMC vs Cineworld.
AMC (11K screens): $38K
Cineworld (9.5K screens): £76K
Relative to AMC, CINE looks still high.

I am a big believer in CINE but for now this is a risky investment. It think SP will drop further because it picks up again:
- US weekly box office is still below 5% of previous levels with no signs of improvements. US is 73% of CINE revenue.
- US management of COVID19 is chaotic with poor results. Many states are having their first wave and a bad one too.
- US macro-economics is worrying: $600 weekly unemployment support stops this week. CMBS defaults are rising worryingly fast https://www.visualcapitalist.com/mortgage-delinquencies/