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22 at the close !!!! Go CINE !!!
Can we hold?
Cinema is a revenue-making sector, just not during covid lockdowns. Cineworld are set to make 2-3billion this year. They have double the cash they need to pay their short-term debt at current.
The capital lease debt is 2.6b, this is land that practically speaking they own, its what they will technically pay for the land over 100 or so years which legally must go on the balance sheet.
The 3.8billion is for regal cinema, a sensible price considering it brought cineworlds revenue to 3b in 2019 pre covid.
Tired of people saying cineworld are going bankrupt because they are just looking at the share price and not the financials.
There may be stuff not shown on the balance sheet, but based on the info we know, cineworld are currently fine.
Cineplex vs. Cineworld, Cineworld represents the best earnings to price.
Also, they have sold pretty much 0 shares during the pandemic, that also suggests they don't need outside cash
https://www.fxstreet.com/news/amc-entertainment-is-on-track-for-blockbuster-results-202207190512
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RS I also wanna know why.
This is a smaller cinema operator that is set to make a profit. Bodes well for AMC and CINE.
Other analysts have also recently issued reports about the stock. National Bankshares decreased their price objective on shares of Cineplex from C$19.00 to C$15.50 and set an “outperform” rating on the stock in a research note on Tuesday. Canaccord Genuity Group upped their price objective on shares of Cineplex from C$17.00 to C$18.00 in a research note on Monday, May 16th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$17.29.
Cineplex Inc. (TSE:CGX – Get Rating) – National Bank Financial issued their Q2 2022 earnings estimates for Cineplex in a note issued to investors on Monday, July 18th. National Bank Financial analyst A. Shine anticipates that the company will post earnings of $0.17 per share for the quarter. The consensus estimate for Cineplex’s current full-year earnings is $1.07 per share.
Watch motley fool spring into action- I have a theory they are paid to deramp this share
yeah we have had rises, but never held at the close, so I think this is different. Something happened today - Im hoping its a deal with CP.
£1 - id cry. with tears of joy.
Why are we up 12% today? rest of market isnt that high??
Yeah I cant wait for this. Dont forget black panther 2 - this will be another big winner
https://www.asktraders.com/analysis/is-there-any-hope-for-cineworld-shares/
thanks tegop, i didnt know this.
Yeah, but its best to just ignore them. replying to their B*****T posts just keeps their posts at the top.
Until we have some actual numbers to talk about from CINE, we dont have much to say back.
I think that the AMC results will help with that though.
Well heres hoping !! GLA LTHs
I'm not saying buy AMC, I just think that CINE is undervalued. We will only KNOW in the September results, but I think the AMC results will be a good guide... its gonna surprise a few people here even.
To offer some more color on where things stand right now, AMC's revenues reached 65% of pre-pandemic levels during its last quarter. That Q1 represented AMC’s best quarter in the last two years. Revenue, meanwhile increased fivefold, and adjusted EBITDA grew 80%, compared to last year.