Member Info for FunInvestor

Appreciate efforts going to and reporting back from AGM mountainous.

Hope you enjoy the experience overall.
Always good to get in the flesh eyeball to eyeball with directors of company invested in.

Metom : knew nothing of court case until the result of the case having invested prior to this.

Nobody needs read any further your posts hold ZERO value having confirmed you are a not even an astute gambler (they do their homework prior to bets)

After an hour so far seems non reaction to RNS by market (as said it's "news" we all should have already known essentially).

SP moving within range of FTSE movements.

Another nothing day either drawing us closer to as was always case in history profitable company, OR for those of differing view towards the end.

Time will provide the answers :-)

iP, you can check back if you wish. I was ALWAYS one that NEVER said such.
I very much said it could go either way.
Only surprise for me and where I was "wrong" was the size of award and the "banner" it came under i.e. lost synergies.
Many from legal circles have since the ruling expressed their surprise by that element also.

So NO I am not one that said Cineworld could never loss original case.

The coffers are low, very low and debt tests are fast approaching.
Very stringent cashflow management is required.
This is a measure they can take to negotiate this particular difficult period.
Running on the proverbial orange light , but with some belief that petrol station is finally just about in sight.

It's NOT good news, but also NOT surprising to see business is very strapped for cash.
However it IS good news and again NOT that surprising that they seem to continue to have a largely supportive group of lenders. Should we need it then it's not that unreasonable (IMHO) to expect to get debt waivers which are reasonably likely required for June.

Meanwhile what should be strongest 3 month period to date May - July truly gets underway in a couple days time.

iParsnip if you know the exact result of the appeal long before it has even taken place then that is quite something.

Nothing unexpected, unless you were ignoring numbers we all had at our diposal.

Buying the time required until we hopefully see numbers nearer those required I e. US Much nearer our base case.
May - July looks like it has decent chance of delivering that.

Another AMC piece that covers some of the subjects we have discussed here previously and relevant to Cineworld too.

https://variety.com/2022/film/news/adam-aron-batman-doctor-strange-price-increase-meme-stock-1235255473/

The language from Mooky/Cineworld has repeatedly suggested the appeal will be a rather lengthy timescale.
I am certainly not pinning any hopes on anything in coming weeks or low number months even.

All of which suits Cineworld as it buys time to turn finances around some.

Also keep in mind how long the original case took to one get to court and then two the case time in court.

Mountainous,
It would be news if first night Dr Strange wasn't full/near full for most showings.
We all know these sort of films are as near as industry gets to guaranteed sell outs and strong box office for number of weeks.

We also know UK recovery is WAY ahead of our "by far" biggest market (USA).

If May isnt more than "just" cashflow positive it would be VERY bad news.

This is start of what we hope and what should be a strong 3 months.
While we may or may not get to c. that very good guide figure of 85% if we are not at least MUCH closer than we have been then it will be a surprise and also very bad news.
Avatar re-release for September is good news as we were looking at a pretty weak period for couple months around then.

Full opening night for Marvel isn't our guide (they are/should be a given)
It's getting double or more current releases and them not being empty.
It's week in week on month on month overall box office.
Those are our keys.

Yes I can relate to that reaction from it Cruis.
Expecting to have a few more I clearly enjoy in coming weeks/months now.
Some I am even starting to feel excited about.

I was looking forward to it from the trailers, but was on the whole rather disappointed.
It just wasn't what I was expecting.

https://thedirect.com/article/doctor-strange-2-box-office-prediction

More "casual" visitors to cinemas last month giving some added cause for cautious optimism as we head into big summer period.

https://www.marketwatch.com/story/amc-ceo-adam-arons-total-compensation-in-2-years-during-the-pandemic-was-more-than-the-4-previous-years-11651248490

No question May should/will be a stronger month.
Second best month since re-opening I would say is a banker. Can it get close to or top December ?

Dr Strange upper estimate seems to creep up $5m everytime they revise estimates.

Top Gun looks pretty strong too.
https://www.boxofficepro.com/long-range-box-office-forecast-top-gun-maverick-and-bobs-burgers/

Bonkers, you flying Robin's plane? ;-)

I agree with Hexam that the Cineworld board and in particular their CFO and his finance team will have done a thorough analysis and I also don't think it unreasonable to suggest they will have a far better idea of all of these than any of us here.

Am I pinning their base case to the single percentage point?
Off course not, as indeed some other revenue streams may out perform even the companies expectations (based on a lot of data and analysis).

So if we were hitting say 75 - 80% range for US box office then I would not have even considered drawing attention to the companies own data.

However as we can all see "so far" we are well short of that, so I find it relevant to refer to factual information from the company.

LPD , I may well go to cinema tonight or over weekend but there is only Downton Abbey released this week and I have seen the previous week's releases.
From my numerous visits, from this of others here, from box office sites and from Cineworld themselves I know all to well the UK is performing pretty strongly.

Again that won't change their US target by more than a few single percentage points at best.

Have a good one all :-)

LPD, which part of THE COMPANY'S statements do you find hard to read and accept?

Or more likely why do you feel need to continue your petty behaviour to any and all that don't crawl up your ....

Nobody is missing these things, least of all the company when it laid out its base case scenario.

You know, the one I have directly quoted.

Hexam, I tend to agree though it's certainly not a dome deal yet.
Whatever I am looking forward to next c. 3 months of big releases to watch. Hail the Unlimited card :-)