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https://covidtracking.com/data/charts/us-currently-hospitalized

If we were at cinemarks equivalent would be at 70.49p.

Prob sounding like a broken record but we if were at the equivlent ratio to our pre-covid share price as AMC we'd currently be at 101.12p.

The Harry Potters aren't doing too bad, atleast in my nearest cineworld in Ely has 46 seats sold for the 7pm showing of the first film tonight.

According to worldometer looks like Cali is slightly down on cases for Sat against the previous Sat but only by a small margin...overall looks to have passed the peak though https://www.worldometers.info/coronavirus/usa/california/

Yesterday was the lowest number of new cases since July 5th - definitely moving in the right direction.

The yank investors also seem to be more optimistic about their cinemas.
Cinemark is the third biggest cinema chain, had a profit in 2019 of 194 million dollars, only slightly higher than cineworlds of 180 million. Yet Cinemark is at 36.21% of it's pre covid value, if cineworld was at this it would be at 68.8p. Cinemark does have less debt, at 2.2 billion, but only 2 thirds of the number of cinemas cineworld has. The two cinemas seemed to make a similar amount of revenue in 2019.
AMC is the bigger mystery, it has 5.8 billion in debt so more than cineworld and in 2019 I believe made a loss of 149 million if I'm understanding this right - https://www.marketwatch.com/investing/stock/amc/financials
Cineworld has about 85% of the number of screens AMC has. AMC's share price is 52.06% of it's pre-covid price, if cineworld was at this ratio the sp would be 98.92p.

Pboughton, I was encouraged by the German protests, even more so that the media admitted it wasn't just "anti-vaxers" in the crowd - the group the media seem to use as a kind of strawman to represent anyone opposed to lockdown, but also was made up of a lot of "normal" people who simply question the necessity of lockdowns and whether they were the right thing to be doing.
I still don't understand why we seem to view covid deaths as more special or aberrant than other deaths. Elder and vulnerable people have died from infectious diseases since the dawn of time.

Seems unlikely to me, the housing minister today dismissed the previous reports that pubs might be closed to keep numbers down for opening schools.

If it was disclosed but not recognized would that mean they are only remote liablities, as in less than 20% or so likely?

I was basing it on the fact that a few companies I have looked at have had losses sometimes twice in a row but have are still going okay, often they actually have a decent EBITA. The only change I could see is their retained earnings went down each year which made me think they were utilizing that.

Hmm maybe I did misunderstand retained earnings indepth, it says you need to see their statement of cash flows for their cash position which HL doesn't show me.

Indepth this is the definition of retained earnings I get on google: "The retained earnings of a corporation is the accumulated net income of the corporation that is retained by the corporation at a particular point of time, such as at the end of the reporting period." It says that has been retained, not that has been spent.
Also says this - "Retained earnings (RE) is the amount of net income left over for the business after it has paid out dividends to its shareholders. ... Often this profit is paid out to shareholders, but it can also be re-invested back into the company for growth purposes."

Do they need to turn a profit? Would be interesting to know how much they can utilize retained earnings. People invest in companies that have had successive losses if they feel it will turn good in the future.

Each day that US cases drop is a factor in applying upward pressure on the sp imo. Over the next few weeks I feel we will see more headlines regarding "US cases dropping" and then "US cases dropping in all states" and eventually "US deaths dropping". As the US drives stock market sentiment this will boost markets in general aswell as specifically in cineworlds case. Ofcourse there may also be other factors applying downward pressure at times.

Investeroid might this be influenced by the fact that a lot of people have temp left the capital since covid and are staying more with parents etc in towns and villages around the UK.

Purchase why would the rights issue have to be enormous? Surely if for example by Jan the sp was around £1.20 and in the worst case scenario they needed to do a rights issue and they offered say 2 shares for every 5 held at 75p. This would raise a lot and likely take out a sufficient chunk of the debt, if you didn't subscribe you might lose out because the target share price would go down due to diluted dividends. However at the same time a chunk of the debt is paid off which applies upward pressure back on the sp so you might end up without much difference.

If results are bad the sp won't move, if they are terrible it will go down, if they are only quite bad it will rise.

Is losing all our investment a realistic worst case? Surely a realistic worst case would be a rights issue to ensure we met the interest payments sometime in the new year, assuming they couldn't take on anther short term loan to pay it off while cinema recovers from corona. A rights issue isn't ideal due to dilution but is better than losing all your investement, I think it would taken up by most investors because most believe in the future of cinema.

Hint of a downward curve in cases now - https://www.worldometers.info/coronavirus/country/us/
Florida/Texas and California also looking better, especially California.
https://www.worldometers.info/coronavirus/usa/florida/
https://www.worldometers.info/coronavirus/usa/texas/
https://www.worldometers.info/coronavirus/usa/california/

This is despite the fact that that they are testing more than ever and still having these drops, the positive cases per test ratio is also dropping.