The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
The ************* 22 tips of the year for 2022 – No 2 is a SELL from Evil Banksta
My first tip for 2022 is to short Cineworld (CINE). At pixel the share price is 31.9p, giving a market cap of £438 million. My target price is 2p, implying a c94% fall. The core of the thesis is that Cineworld’s debts are so large that it will never be able to repay them and hence it needs a debt for equity swap to restore the balance sheet.
Https://www.*************.com/views/59839/the-*************-22-tips-of-the-year-for-2022-no-2-is-a-sell-from-evil-banksta
The stock has been depressed while shareholders waited for the court case decision.......now they have to wait to see if the appeal which could take 12 months to sort itself out......is successful.......does that mean the share will struggle to find upward movement with a billion dollar payment hanging over it ????
More restrictions ??
Yahoo
Analysts think AMC is at least three years away from posting profits on an annual basis. Those same Wall Street pros see it taking that long to get revenue back to where it was before the pandemic.
The timeline can be shaved if things improve dramatically in the coming quarters, and AMC is doing a few things right to increase its chances to gain market share. It's galvanizing its shareholders. It's milking more out of its shrinking audiences by pushing premium-priced screen rentals and boosting concession stand sales through mobile ordering.
The other side of the coin is that those same Wall Street targets can be extended, if not upended. If folks spoiled by the convenience of streaming from home show no intention of returning to theaters, movie studios will continue to work on shorter windows of theatrical exclusivity or remove them entirely. Everybody is going to follow the money.
AMC is the top dog among movie theater stocks, and the ending has yet to be written. Do I see dread people? Or is it dead presidents? The stock is out of favor now, but Shyamalan has yet to offer up a signature twist.
Yahoo
The $42.7 million in estimated domestic ticket sales this past weekend isn't just the multiplex industry's second worst performance over the past five months. This is a sobering 64% below the box office receipts collected from the same weekend in 2019. Steven Spielberg's West Side Story was a jarring dud, but we've seen too many well-reviewed flicks fall flat in their theatrical screenings.
One person in the UK has died with the Omicron variant of coronavirus, the prime minister has said.
Boris Johnson said the new variant was also resulting in hospital admissions and the "best thing" people could do was get their booster jab.
Speaking during a visit to a vaccination clinic in west London, he said people should set aside the idea Omicron was a milder version of the virus.
Well I thought a takeover was the only positive outcome for the stock....carlisle walked away probably because of the onerous lease payments on expensive branches in the city centre where the footfall has fallen due to people working from home.....Sentieo the data company has put losses over the next 2 years at over £300m before tax.....no quick recovery here I am afraid....
Mon, 1 November 2021, 11:45 am
In this article:
AMC
+1.95%
Read more on this topic
LEAWOOD, Kan., November 01, 2021--(BUSINESS WIRE)--AMC Entertainment Holdings, Inc. (NYSE: AMC) ("AMC" or "the Company"), the largest theatrical exhibition company in the world, announced today that it will report its results for the third quarter ended September 30, 2021, after the market closes on Monday, November 8, 2021.
Passports needed to enter cinemas in wales from the middle of November.....also new covid variant detected.....
I just think Dan will not sell out at this level......he will wait until the company is back in profit in order to get top dollar.....it wasnt long ago the Coop was loss making and subjected to a bid of 200m from hedge funds.......now they are offering a billion to take over TSB........
Sure.....but it is unlikely a company is going to pay top dollar for an unprofitable company undergoing an FCA enquiry.....but you never know...??
TSB is profitable posting a profit of 45m in its first 6 months.......hence the valuation of a billion.....
Ignore the fear of covid.....the death rate is still low compared to last year and half of the current daily infection rates are children who thank god do not suffer the same symptoms......the UK cinema box office is currently doing well and even if further restrictions are brought in ie wearing of masks .......will not make any difference imo.The main point for CW is the US market who have mask wearing and proof of of vaccine as mandatory in most states for cinema goers are running at an average of 84% attendance for October......
There is no chance of further lockdowns imo .....as shown by the end of furlough and booster shots programme.....shows the gov intention to fight covid with vaccinations!!!
They are reliant on ratesetter growing with its higher yield based products to replace the profit lost through the sale of the natwest mortgage book and the extra profit needed to put the company back on a profitable basis.....they stated a while back that there target revenue for ratesetter was £2billion over a couple of years....should see in the final results the progress of ratesetter and how it is growing....not sure why they did not give an update on how it is doing in the last results?? draw your own conclusions.....they are still spending on opening new stores so I assume other than closing the headquarters there cost cutting is minimal.....in other words they are trying to grow themselves out of trouble not easy in this environment....
Personally I wouldn,t invest in this company until they give a clearer picture on the growth of ratesetter......imo
Your welcome LPD......
Report taken off Yahoo finance 4 days ago.....still relevant to CW....
"Find someone who looks at you the way AMC Entertainment Holdings (NYSE:AMC) CEO Adam Aron looks at box office receipts. The colorful helmsman of the country's leading multiplex operator woke up with cheerleader pompoms on Monday, tweeting that domestic ticket sales for the industry are coming off their best 14-day tally since February of last year.
We are approaching pre-pandemic audiences again. The $109.1 million in box office tallies over the weekend for the top 10 films is just 16% behind where it was for the same October weekend in 2019. Softening COVID-19 case counts are helping, but the real catalyst here is that Hollywood is ready to trust the local multiplex"
The present valuation of rolls royce more than factors in the the lost revenue from long haul travel....pre covid valuation was well over £2.......the debt will be greatly reduced by the disposal programme......good value at these levels....imho