Interesting to see a bit of a pull back in the share price ahead of results. Gamma are a company that have capitalised on the covid/lockdown situation an I expect those results to be ahead of expectations.
SLA are a terrible asset management company in my experience, and their handling of the Boohoo fallout only lends itself to that belief. Long history of nepotism and ‘jobs for the boys’ in Edinburgh, unfortunately, that has cost the company and shareholders dearly while damaging fund performance.
Interesting day. Imo there's been a large seller, disposing in tranches since the factory news was released. That was the main thing holding suddenly pulling the share price back each time it crept over a certain threshold. Wonder if that seller has gone now...
Wyndrum - there was no hit of smugness in my post and the lack of reply should be interpreted as nothing more than me being at work.
I wasn't suggesting that trading is bad and investing is good, merely that they each have similar objectives, but each has different ways of meeting those investors. I would suggest investing is more of a long term play, where the investor to news rather than short term price fluctuations - hence why I would say it's reasonable to re-assess any investment after the publication of new results. A trader on the other hand, would be more likely to look to take advantage of intra-day market volatility. Both strategies can of course work, but it's likely to be much more manageable for the average retail investor to simply implement a buy and hold strategy, rather than play the zero sum game of trading vs institutional investors behind a Bloomberg terminal.
There are 100+ posts with the #boycottboohoo in instagram. For competitive purposes, there are:
18,800 boycott Starbucks 29,200 boycott China products 50,800 boycott sea world 25,500 boycott Bollywood 147,000 boycott Israel
Anyone thinking that the recent bad press will have a lasting impact on sales figures simply doesn’t understand this industry, or more specifically doesn’t understand Boohoo’s target market.
What we’ve seen in recent weeks, and may well continue to see, is institutions dumping shares. ESG is playing an increasingly important role across all funds, not just those with a sustainable/ethical angle. There are a finite number of shares these institutions can dump obviously.
At some stage, fundamentals will win out, and when they do, the share price will more accurately reflect those fundamentals.
The game - it is worth mentioning that those numbers are reflective of right now. As in, shortly after midday in the US currently.
I had posted about trend slowing over the weekend and towards the beginning of the week which was great to see. Now though, it appears to be gathering pace. I’ve been trying to looking at the same day from the revision week as a comparison.
Hopefully we see a slowdown soon, but with the idiotic orange baby in charge you just never know.
My worry is case rates across the US are continuing to increase, and now we're seeing a corresponding increase in the number of deaths. Not a popular comment I know, but it does give me cause for concern. In all honesty I don't see cinema's opening in the US at the end of this month if that trend continues.
Covid cases are not all equal with regards to how likely they are to lead to hospitalisation. The vast majoroity of people will be asymptomatic or feel very mildly unwell, the cases that lead to deaths (which would end up in hospital) are more likely to be the ones that overwhelm a medical system.
Growth in US cases has already started to slow actually.
The incubation you talk about makes little sense. We know that deaths lag infection by weeks, but cases started increasing rapidly in mud-June. 3 weeks since and actual death rates are beginning to fall.
People actually get caught up with looking solely at the new daily cases, but deaths are arguably more important with regards to reopening. We have to reassess our approach to Covid if it turns out to be significantly less deadly that it appeared to be a couple of months ago.
Data from other markets suggests that there is an appetite for movies from members of the public. In France, cinemas sold more than a million tickets in their first nine days after reopening, even with social distancing. In the UK, cinemas that were planning to open this weekend appear to have sold out some showings – particularly of Oscar-winning movie Parasite, which was enjoying a successful run before lockdown.
RE: FTSE 100 set for rip-roaring start06 Jul 2020 08:13
I think people were either looking for a lower entry point or putting too much importance on a legal case, the details of which none of us are privvy to.
For me, and I assume everyone else who first bought into Cineworld over the past few months, it's a straight up recovery play. Covid seems to be slowing in the UK and showing very early signs of slowing in the US too. That's the main driver for share price growth here. Longer term, cinema tends to do well in recessionary environments.
I'm in the same boat here. Don't see how this changes anything in a material sense.
I disagree that there is now more uncertainty. Everyone knew a legal case against Cineworld was coming and we're expected to return one in due course. Cinemark aren't some penny share business - if they say they're bringing a case against someone, they absolutely will.
I guess the size of the damages claim could be deemed 'new information', but that's about it for me.
Half an hour until we all find out I guess. Futures market looking good.
Surprised at what seems to be some pretty heavy negativity here. There’s nothing in the Cinemark RNS that was particularly unexpected to me. In my experience, lawsuits are almost invariable messy and lengthy disputes, with no clear winner - except the lawyers.
No idea which way this will go tomorrow, but would be surprised to see any movement of the magnitude some are suggesting here.