Member Info for latpulldown

Indeed sharefall,

Far better than expected and imho far better than AMC and in I fact I got all that I had wished for, Mooky's comments a bonus on that.

*Considerable narrowing of losses - $208.9m (H1 2020: loss of $1,340.9m)
*Indeed when you take into account the Cares Act monies the total period cash burn is only $66 Million.
* So good cost management (and considering they have also opened 4 cinemas and are refurbishing 6 since the previous numbers I had)
* Supported by strong retail sales mentioned
* Recovering and in a strong position to benefit from a Q4 film slate.

Yes interesting comments also off Mooky and if the share price is not being recognised in the UK for the progress being made, then why not. It will be interesting to see if it is a dual listing or a decision to switch, or if they do the splits and list Regal seperately.

"The Board is therefore considering options to maximise shareholder value now and into the future by accessing this liquidity through a listing of Cineworld or a partial listing of Regal in the US.

I will make no further comments during market hours today just to simply gauge market reaction.

You are completely wrong and I'd be obliged if you could post where over any of the last 3 months where I have said that Cineworld will be cash flow positive for the first half of the year as you have inferred. (or since reopening)

Here's my earlier post, condensed to try and fit it in. Where in there have I said anything like what you have inferred.

"With that in mind I will walk from this BB if tomorrow shows first half results better than c.$240m cash outflow (i.e. meaning the business has been running cash flow positive since re-opening as LPD and smalltrader tells us)".

My post.

"latpulldown

Posts: 3,349

Price: 61.26

No Opinion

RE: There could be overreaction tomorrowWed 17:27
I think there are a lot of bits getting missed out here in supposed "balance" posting or debate.

Firstly the Vue CEO said they were at 75% to 80% capacity at just a week or so ago and there were 3 years worth of films to show in 12 to 18 months. {Thats outside the reporting period)

https://www.dailymail.co.uk/money/markets/article-9871787/Vues-boss-Bond-sights-plans-opera-video-games.html

Secondly AMC beat it's analysts forecasts irrespective of whatever set of numbers were used, with lower than forecast losses. Both sets were provided and the second set of metrics actually provided the capacity numbers with less showings and therefore with associated cost savings. Not just different but actually the BETTER indicator in terms of efficiency imho.

I also noted from the AMC transcript that
*Ticket prices at AMC had actually risen 15% on 2019 already and that there was a further 5% rise is sanctioned. These rises positively impact on revenues
*Concession spends also up 44% on 2019. Same.

Shut for 4 months out of 6

SHUT FOR 4 MONTHS OUT OF 6, AND THEN WITH STAGED REOPENINGS, NOBODY IS EXPECTING MIRACLES.

Folks should be more interested in
*how things have fared since reopening, for the first 2 months (May, June)?
*Trading since then and any forward looking statements?
*"Trading" not solely focussing on ticket sales but the wider mix of items that make up the constituents of the P+L account. Food and Beverage concession sales where there are good profit margins? Unlimited numbers? Advertising revenues from trailers and business advertising. etc and on the Cost management side? etc etc.

The pandemic has not been the easiest of major and protracted black hawk events to steer a way through for a lot more companies other than CINE and many are sat far more reflective of 2019 share price levels."

I'm off to bed.

FI, The results tomorrow refer to the first 6 months of this year and when CINE movie theatres were closed for about 2/3 of that time period and only getting back to full reopening of it's estate from around May time onwards. I have posted on that many times (even earlier tonight) and with all the dates and only recently in the last few days when comparing with AMC for they opened fully on the 19th March whilst we staged our reopenings.

You are completely wrong and I'd be obliged if you could post where over any of the last 3 months where I have said that Cineworld will be cash flow positive for the first half of the year as you have inferred.

You are going to struggle. The most I think (know) you will find is that I have committed to saying in recent weeks is that in all probability from the opening weekend of F9 they may have gone profitable. F9 actually released on June 25th in the US which is outwith tomorrows reporting period, and when stating that it was based on the other films around it, Black Widow released the next week or so afterwards and concession sales etc etc.

The most I am after (and I posted it earlier) is along the same lines as AMC, with reduced losses, good cost management, improving revenues (from all sources) and a recovering stock. Focus being on any forward statement tomorrow. I'll copy you my earlier post and feel free to delve my history I am consistent.

Incidentally not one comment or discussion on here tonight is going to change what Mooky will already have put pen to paper on.

I'll have a look in the morning.

Nor will I comment initially either, just to see how the market interprets it by itself.

Enjoy your evenings.

I think there are a lot of bits getting missed out here in supposed "balance" posting or debate.

Firstly the Vue CEO said they were at 75% to 80% capacity at just a week or so ago and there were 3 years worth of films to show in 12 to 18 months.

https://www.dailymail.co.uk/money/markets/article-9871787/Vues-boss-Bond-sights-plans-opera-video-games.html

Secondly AMC beat it's analysts forecasts irrespective of whatever set of numbers were used, with lower than forecast losses. Both sets were provided and the second set of metrics actually provided the capacity numbers with less showings and therefore with associated cost savings. Not just different but actually the BETTER indicator in terms of efficiency imho.

I also noted from the AMC transcript that
*Ticket prices at AMC had actually risen 15% on 2019 already and that there was a further 5% rise is sanctioned. These rises positively impact on revenues
*Concession spends also up 44% on 2019. Same.

Shut for 4 months out of 6, and then with staged reopenings, nobody is or has been expecting miracles.

Folks should be more interested in
*how things have fared since reopening, for the first 2 months (May, June)?
*Trading since then and any forward looking statements?
*"Trading" not solely focussing on ticket sales but the wider mix of items that make up the constituents of the P+L account. Food and Beverage concession sales where there are good profit margins? Unlimited numbers? Advertising revenues from trailers and business advertising. etc and on the Cost management side? etc etc.

The pandemic has not been the easiest of major and protracted black hawk events to steer a way through for a lot more companies other than CINE and many are sat far more reflective of 2019 share price levels.

Plenty powder dry to top up if the opportunity presents itself, but given the share price has halfed already from 124p to be where it is for results and what with the strong second half slate of films and if it is on a recovery trajectory (as AMC clearly indicated), then it might present limited scope.

The AMC earnings call transcript in full is available in an earlier post and worth a read. Over to Mooky.

I have to agree with you Pearls. Big MA stepping back for me is not a good thing. Well done to his replacement but I am not sure how the City will react to the nepotism in the replacement and the relative inexperience. Frasers (and Sports Direct) and all the licensing brands are big global concerns and there are many capable CEO's out there with many years of corporate expereince and contacts. I am surprised the appointment got past governance.

I don't think anyone will argue with 92p entry points on Metro Bank

Never going to argue with them giving us 92p entry points on Metro Bank

https://www.fool.com/earnings/call-transcripts/2021/08/10/amc-entertainment-holdings-amc-q2-2021-earnings-ca/

I don't normally trade shares but TLW is turning out to be a good trading share for a buy in every time they drop the sp. For an oil price as high as it is and generating good free cash flow it should imho be a lot higher.

No prizing out many sellers either despite the falls.

Seemed to have fallen about 10% in no great amount of volume and thus making it appealing again.

On the conversion to flats was set to have a decision date of the 8th August (A Sunday??).

Now changed to 24/9 for info.

Would that be the same Cineworld bulletin board where you felt compelled to post an extended post on the contents of the AMC update last night. Then all your other AMc related posts last night. Not the first nor last of your double standards. You may have fooled some but not I.

Same industry and with direct read across.

Lets see if we managed our Q2 costs better than AMC and then we can get on with the next leg of our recovery.

Last enagagement.

I am sorry to disagree with you FI but in the context things are written that is new news.

It might not be for CINE who have the 45 day agreement with WB already but a) it is for AMC who have just extended their window to 45 days and b) so is the follow on fact that they are in discussions with EVERY major studio on the same.

We'll be hearing more on other such agreements over the coming weeks.

https://variety.com/2021/film/news/amc-theatres-theatrical-window-bitcoin-1235037677/

and accompanied thus far by the lowest volume that I think I have ever known on Cine for the first 3 hours of any trading day. Just crept over the 1M traded mark.

Better than expected update off our main competitor in the US markets after hours last night, following on from a good interview off the Vue CEO and it's as if the algo's have been virtually switched off today. 11p also under our lowest broker rating.

To some its a trade, to some its an investment, to others its a game.

Far easier just to post facts and let others have their say. Not lace things with twisted opinion based on whether you are holding or not. More balance in an Olympic gymnast who has just fallen off the 6 inch balance beam imho.

Nothing wrong with a rise in ticket prices at all to cover any rising costs. In fact I even suggested it was something Cineworld should do. I go to my dentists these days and I have to pay a Covid surcharge that equates to about 10 times any such AMC rise and covers PPE and an enhanced cleaning regime.

So a raise of about $1 leaves it still one of the cheapest value entertainments out there, and there will always be discounts to be had.

The share will move properly when the market makers allow it to do so and when there is some institutional support. Failing that I am happy to wait for the consolidation and further takeovers that the Vue Chief thinks will come.

I caught that also off the update. Anybody catch how much the rise was?

Never a bad thing for covering the costs to be fair and it should enable CINE to do the same, if not already done or under consideration.

Oh it is new for firstly it is Mr Aron that has made the statement, not Mooky.

Secondly it's all about the timing of this statement and this has come when studios have been shooting themselves in the foot by trying to experiment with day and date release. It's not working and the likes of Scarlett Johanssen suing for a lot of money in lost Box office success earnings and plenty waiting in the wings for that outcome are putting the nail in the coffin.

Thirdly its all about the context in which the statement has been made. Any previous discussions to which you refer were previously in the context of shortening the theatrical window to allow studios to realise monies from streaming and for revised contractual arrangements to reflect this. In tonight's earnings call the context is completely different. The statement is made alongside AMC having just lengthened their theatrical window with Warner Bros to 45 days. Aron then in that same context mentions engaging in discusssions with EVERY major studio and them realising the importance of the theatrical window.

Don't be surprised if AMC catches another meme stock wind and run on its share price over the coming days and weeks. Neither would it surprise if we start to see a succession of statements on lengthening back of theatrical windows back to pre-pandemic time frames as the respective "cuts" for cinemas and studios would need to be recalculated and contracts redrafted.

I might join you both with a top up in the morning. AMC after all did beat forecasts for Q2 and I think CINE may have managed their costs slightly better than AMC in Q2.