Member Info for JaiBabaSwami

Yeah at 16.19 maybe

Winging it! LOL X 10

Here for anyone who didn’t see it.

https://youtu.be/dde9QQemjTk

43 billion dollars generated last year at the box office in 2019. 20 billion dollars of that went to studios, distributors, producers. This is not an amount you throw away overnight. It’s a massive cash cow before the movies get to DVD, TV etc.

Movies have been going straight to TV for 20 years, this is NOT something new. It will keep on happening. More so during covid because the producers did not want to wait for the cash, its business after all.

Cinemas are not going anywhere. There is too much money involved to remove them from the screening process where they are at the top.

STEVE yawn

Ftse to slide a little today. Hopefully a bounce up though

Dow futures jump more than 300 points as Wall Street tries to build on winning week

The late Friday buyers are doing well. Congrats, great move

The FTSE 100 looks set for a rip-roaring start, dragged higher by buoyant Asian markets, which appeared determined to accentuate the positives and ignore the still-potent threat from the coronavirus spread.

Allowing equities to defy gravity was the prospect of further intervention from governments around the world to stave off the threat of a deep and prolonged global recession.

Here at home chancellor Rishi Sunak is expected to unveil a raft of job-saving initiatives, which were heavily trailed at the weekend, while support from other sources globally is expected to come from increased liquidity.

This perhaps explains why when Covid cases hit a daily record, China’s stock market surged 4% higher with the recent batch of economic data from the People’s Republic suggestive of a v-shaped recovery.

Closer to home, this week will provide some granular detail on how lockdown is affecting the economy and the companies worst hit.

The FTSE 100 looks set for a rip-roaring start, dragged higher by buoyant Asian markets, which appeared determined to accentuate the positives and ignore the still-potent threat from the coronavirus spread.

Allowing equities to defy gravity was the prospect of further intervention from governments around the world to stave off the threat of a deep and prolonged global recession.

Here at home chancellor Rishi Sunak is expected to unveil a raft of job-saving initiatives, which were heavily trailed at the weekend, while support from other sources globally is expected to come from increased liquidity.

This perhaps explains why when Covid cases hit a daily record, China’s stock market surged 4% higher with the recent batch of economic data from the People’s Republic suggestive of a v-shaped recovery.

Closer to home, this week will provide some granular detail on how lockdown is affecting the economy and the companies worst hit.

Morning. Yeah maybe a tree shake but let’s see.

FTSE 100 set for rip-roaring start mirroring Asia's strong performance

Simple!

Cineworld confirms that Cineplex has initiated proceedings against Cineworld in relation to Cineworld's termination on 12 June 2020 of the Arrangement Agreement relating to its proposed acquisition of Cineplex (the "Acquisition"). The proceedings allege that Cineworld breached its obligations under the Arrangement Agreement and/or duty of good faith and honest contractual performance and claim damages of up to C$2.18 billion less the value of Cineplex shares retained by Cineplex shareholders. As previously announced, Cineworld did not breach these (or any) obligations or duties and will vigorously defend this claim. In any event, Cineworld believes that Cineplex's claim, if successful, would be limited to its costs and expenses incurred in relation to the Acquisition and would not be assessed by reference to the consideration that was payable under the Acquisition.

Cineworld terminated the Arrangement Agreement because Cineplex breached a number of its covenants under the Arrangement Agreement. Cineplex did not remedy these breaches when given the opportunity to do so. Cineworld is entitled to recover from Cineplex all damages and losses that it has suffered as a result of Cineplex's breaches and the Acquisition not proceeding, including its financing costs, advisory fees and other costs incurred. Cineworld intends to counter-claim against Cineplex for these damages and losses.

Dow Jones futures rose sharply Sunday night, along with S&P 500 futures and Nasdaq futures, signaling a strong open for the coronavirus stock market rally on Monday. While coronavirus cases are soaring in the U.S., Covid-19 deaths have continued to trend lower.

That’s great news. Yeah that was a great move delaying it for now. We should be living in a far safer environment then and people will be much more confident about being out.

I’m much more conservative on the SP predictions though. Hope you are right

Cine goes up when the massive sells go through. Same on both days when the sells have been way above buys.

Haha brilliant

Haha nice one put. They must have plenty of cash if they are in homebase, expensive.

Yeah the MMs could drop it first thing to flush out some more sellers then back to early 60s. Let’s see the ftse and Dow are doing

Hi Davy. Yeah I know what you mean. It feels like we are convincing ourselves that the sp won’t be affected much. I guess the market will decide on Monday. Although the opening delays was taken positively so I just never know these days. As time goes on this share feels more like a long term hold.

I knew you were in Leeds, me too. Nah I think we’ll wait for the summer to return for now.

I think Mooky and BOD will have this all covered. We know they are 28% invested here and will have spoken with their legal advisors before they pulled out. It’s all way above our pay scales tbh. Yeah it could be bumpy but these guys know what they are doing. Enjoy the weekend everyone

Morning All. Some good posts today and nice to see some new people onboard. I liked sharefalls point about NY. They were in the **** and they sorted it out, other states will too. Also wanted to point out something that another poster brought up last week I think. Cine were about to borrow 1.35 billion pounds for the cineplex deal so getting a few extra funds will not be an issue here if needed.

Bluefiesta. Don’t think it will. The US bailed for the weekend yesterday so less funds pulled at the end of today imo