RE: Monday9 May 2021 13:22
smalltrader you make a number of perfectly valid points.
However I am divergent with your interpretation of why we are where we are and any AGM notions are a side show. I've just watched the same with Aviva and a major shareholder and it has meant absolutely nothing to the share price. The CINE bonuses are already approved. This is just about an institution flexing its rights to try and shuffle the deck chairs.
The share price was deliberately dropped and pre a very pertinent time for CINE and nothing to do with AGM. Further, and unless I am mistaken it started to turn again on Friday afternoon. there is nothing wrong with being complacent but perhaps you may be guilty of trying to find reasons after the event to try and justify things once the drop has happened.
We know from RNS that CINE is covered financially till year end in all eventualities. They have told us so. There won't be any RI until imho the SP is at least multiples of todays level. Bonds are the better and less dilutive route. Pay them back and take out the interest payments when things have recovered would be a sound thing to do.
By the way, by the time the UK reopens on the 17th May (and hopefully we find out at either midday or 5p.m. tomorrow) then CINE will already have have 408 multiplexes reopened in the US. They have circa 255 reopened as of Friday just past and there are another 153 opening in the US on May 14th. UK reopening should then add a further circa 128 multriplexes and then on 21 May the last 128 reopen in the US. So those cash registers, popcorn machines and the advertising credits have already started rolling.
The main focus next week should be on reopenings. It is not just about UK cinemas reopenins. It is also about all those "feeder" establishments of nearby pubs, restaurants and bars being given the green light for reopening at the same time. it helps make an "evening out" and one fuels the others demand and vice versa.
Reopenings will be great. Reopenings with increased capacity will be even better. Reopenings without capacity restrictions (as has been inferred) would be sublime. Great for our multiplexes but doubly so if your Pizza Expresses, Nando's, Wagamama's and Wetherspoons etc will also have increased capacity "feeding" demand.
I flagged before an HMSO property at Silverburn that has a top notch Cineworld cinema up an escalator on the first level. Directly beneath are most of the above restaurants plus many others. The dine with us link lets you see those "feeder" establishments.
Vaccine backed reopenings are where we want to be and going into a decision with Mortality having been in single figures and the teens surpasses what many had ever imagined at this point in time with schools and retail and al fresco already reopened
https://www.shopsilverburn.com/