RE: Why is next weeks US opening not already priced in?15 Aug 2020 16:55
Hi Scmoky, yeah AMC was at 7.76 on 20th Feb, after hours price is at 5.6 therefore are at 5.6/7.76 = 72.16% of precovid, cineworld was at 189.5p at 20th Feb, so equivlent ratio to pre-covid as AMC would put it at 136.75p.
Cinemark sp is at a lower ratio to pre-covid however of 39%, with their ratio cineworld would be at 73.49p.
I did some calcs before and AMC had around 32% more debt pre-covid than cineworld and 25% more screens.
Cineworld had 59% more debt than cinemark pre covid, but also has 59% more screens than cinemark.