Member Info for FunInvestor

Not entirely convinced on the authenticity of the letter being quoted as Mooky's letter to PM.
However I am sure he will be making pleas to government here in UK and USA. Also sure both governments will be all too aware of importance of massive industry.

https://deadline.com/2020/10/cineworld-mooky-greidinger-letter-to-uk-prime-minister-boris-johnson-save-cinemas-job-losses-support-plan-1234595447/

Jhango will need rather more than current holding before they are the influencer of how cineworld goes forward.
Look at the shareholdings registrar.

I personally hope we are not solely basing chances of survival and recovery for Cineworld, cinema and other industries on a vaccine.
This may well take years or never actually happen.
It's a very thin piece of string to pin so much on.

"If it requires continued subscription, then it might no be as good a deal. It depends on what the subscription cost is. But the cost will come down over time."
Try telling that to every single individual that bought in previous years. They have all tended to go one direction and that is UP!!

Indeed it is a terrible situation the world finds itself in. We need to find solutions.

https://www.thesun.co.uk/news/12899574/tens-thousands-jobs-threat-closure-cineworld/

https://www.ft.com/content/ad6caa58-1549-40b3-afba-ecc2a113408a
More evidence that Cineworld competitors are facing the same issues and in some circumstances in a worse position.
Cine CEO seems to largely speaking be taking the best actions possible when possible to see through temporary troubled times.

https://www.empireonline.com/movies/features/cinemas-arent-dead-theyre-hibernating/

I had a quick look and counted about a dozen RNS since early September involving MS.
Started 2.66/3.93/6.59%
Today sees 2.56/3.55/6.1%
And has tended to move around in this range with some lower and some higher points of holdings.

Morgan Stanley account for maybe half or more of all RNS on Cineworld last couple months and it largely seems noise with nothing clear at all. Not convinced even they know how to play it.
Their percentages have moved back and forward with ultimately little change of note.

I need say no more. Actions speak louder (even louder than your shall I stay or should I go drama dance) :-)
Happy weekend all.

So you are full of **** then!?
Person of any substance does what they say they will and others actions have no influence on that.
Oh well at least we now know more about you.

What time today was it you are leaving johnht?
Wouldn't want to miss the goodbyes.

P.p.s. the VAST majority of her piece in that link is positive about cinema and also contrary to previous drivel she states her movie is NOT destined for straight to PVOD!!
Oh dear own goal sharing that link!!

In less than 4 full trading days.
Once again this share has shown rewards are still on the table for those timing trading it well.
It has also partly shown that there is still appetite on some quarters to own shares in the company and the future is still very much to be decided.

"Shorters lifting it for a dump."
What price will it be lifted to, when and what price will it fall to on taking a dump?

Between 7am and 5pm

Yuri.F,
Yes I agree it's not the strongest balance sheet.
However, as you said by closing outlets for now this can/will prolong the burn rate of what money is available to Cineworld and may well be part of requirements for debt covenants to be waivered, extended , improved terms.
Clearly without blockbuster films cinema struggles/is not viable be that currently or on regular times.
I think Mooky and other cinemas had to take a chance to open allowing studios to start releasing their movies, but they chose not to.
So it's the only smart business option currently to temporarily close until clarity of movie releases changes.

As at every moment to date during pandemic the board of Cineworld seem to be doing their utmost to do the right things by the business, it's shareholders, staff and paying public.
All about the studios taking that leap of faith at some point and releasing massive backlog of blockbusters.
Survive until that time and long holders will be ok, share dilution hopefully not required but we can't currently guarantee that so fingers crossed.
I personally bought into this as feel strongly cinema will thrive for decades to come, however there is no hiding current difficulties and the debt which in normal times would be fine as used to expand business (in time increase profits) is a real issue when not in "normal" times.
I didn't forsee the prolonged media/governments frenzy (maybe I should have).
Invested far heavier than maybe I should so time will tell either very expensive lesson or a patient wait longer than first anticipated for some decent returns.
Either still possible no matter what some others will say.

"We will continue to monitor the situation closely and will communicate our future plans to resume operations once film studios are able to bring their pipeline of major movie releases back to the big screen. We can assure you that once a line-up of movie releases is confirmed, we will be ready to re-open our cinemas, as we did in July, with the same safety levels you have already seen while at the same time keeping the great experience that you are used to getting from us."

In the event of a takeover you dont get to choose the price, so you may receive less than £2/share depending on timing of any future takeover.
IF one ever happens.