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Showing up 15% in auction
That’s true but to be honest how much worse can I get apart from the waiver. I think this will bounce around 25-30
What’s everyone’s prediction for tomorrow? Are we gapping up or sliding down
“On Monday, Prime Minister Boris Johnson urged people to return to cinemas. He said would "encourage people to go out to the cinema, enjoy themselves and support" movie theatres.”
https://www.google.co.uk/amp/s/www.bbc.co.uk/news/amp/business-54387856
https://www.google.co.uk/amp/s/www.bbc.co.uk/news/amp/business-54387856
I don’t know if this article has been posted or discussed yet?
This may get bashed on US open
Feel for those who jumped ship at 16p
I was hoping to see a RNS to confirm something today but still nothing as of yet
@john why are you here If you are not invested? Or do you have a short on?
Majority of the news was factored in when the update came hence why the sp slid. It said clearly on there that cinemas may need to be closed if there is tighter restrictions and thats what happened. As for the US they are closing the non profitable sites. Everyone needs to understand that this is plan to save the business and protect shareholders. I’m not saying this won’t go down tomorrow but realistically it shows courage by the board to take action and not just sit on their ass. Mooky is a very tough businessman and harsh negotiator. This will pay off.
Some of you guys are going crazy with 10p and 15p estimates. This is to stop the business burning cash so far. If you look on Cineworlds Facebook they have announce they MAY consider closing and customers are saying it makes sense because when they have visited there has only been less than other people there.
If REVENUE is not GREATER then OPERATING COSTS then it makes sense to close down until there is actual business. I just understand why people are taking it so badly, honestly it’s good for the business to persevere cash and PROTECT its shareholders. People just keep saying “oh no revenue is bad” let me explain something in simple maths.
Business open: revenue is £3, fixed costs £5 , running costs £5 = -£7
Business closed: Fixed cost £5 = -£5
When I initially read the articles last night it seemed as if it was permanent closure of all the cinemas. This does not appear to be the case. I’m guessing we will be down between 20-30% down due to the stigma surrounding the news but in fact the news is not even that bad
10-20% but they are not even achieving that at the moment. Cinemas are operating at like 5% capacity at the moment. Literally there were 6 people in the cinema last week when I went. 6 x 8.50 does not look like it covered the electricity bill to run that film. Yes I understand what people are saying that they were relying on Bond but it’s only been delayed. We will get the money one way or another.
I don’t think you realise we are in a pandemic and that everything has been losing money. They will lose more money by staying open
A lot of people on here trying to highlight the negative but the truth is it’s costing the cinemas more money staying open then it will to just close for 4/5 months until the block busters come in. There’s no big films coming and there nothing to watch so why remain open burn cash. Clearly the REVENUE is not covering the OPERATING COSTS hence why it makes sense to cut costs. I’d be more worried if this hadn’t been done to be quite honest. They are closing cinemas because there’s no movies to show. If there was all the block busters coming out this month and then CINE said close cinemas that’s when you need to be worried. This is a mere precaution to preserve cash.
The market works in a funny way sometimes. I have seen the likes of mothercare and carpet right move up on the news of store closures as it’s seen as a way for the business to protect its shareholders. If they go ahead and close all the cinemas in the UK yes it is a loss of revenue but realistically if you look at the price it looks like a possibility of a second wave has been factored in.....them closing the cinemas will just mean we don’t burn cash as fast because in reality no one is going to the cinema in the UK. The US is a different market and they love going to the cinemas and it looks like some of the US is slowly starting to open up again.
In every scenario in this company so far, before the release of bad news we saw the fall in the SP and that’s because the market finds out before PI’s do. Although this may take a small hit tomorrow I don’t see a massive fall in SP as worse case scenario to some extent had been factored in.
On another angle.....anyone who has been UAE and visited an NMC hospital will tell you it’s a normal functioning hospital with good services. UAE is one of the richest places in the world and some NMC hospitals specialise in things such as fertility issues in a country where having children is a really important thing.
Just my opinion....don’t bite my head off if you don’t agree.
He is the reason why people like me don’t post on chats. Paid derampers?? You really think muddy waters are going to pay us to post on a board??? There’s not enough people on this LSE let alone NMC chat for us to impact the price.