An all-out recovery plan is announced for French cinema
The French state commits exceptional resources to all levels of the film sector, whether exhibition, production, distribution, technical industries, internationalisation, future talent or heritage:
Debt gets negotiated and somewhat written off during the buyout as banks would prefer to get paid something then nothing! Also, with the government support, new buyer would get the help to keep employees.
It's not about how much a Cineworld would get in a buyout, it's just the rumour confirmation would be sufficient to get an intraday trader attention and the Sp will spike up until official news. So let's see and good luck.
Once the pendamic risks have been mitigated via vaccine, people would venture out as they would be tired of being inside their homes. One of the business that will benefit from this would be cinemas. It's not so easy to set-up cinema business and infrastructure so quickly. Who else is there to but then Cineworld?
Is AMC Entertainment the Best Stock to Buy Today?29 Sep 2020 14:53
Positive coverage:
Is AMC Entertainment the Best Stock to Buy Today?
AMC Entertainment (NYSE: AMC) was all but left for dead at one time during the coronavirus pandemic, and justifiably so as it danced along the precipice of bankruptcy.
Yet agreements with its lenders have helped shore up its finances, and almost all of its theaters have reopened after being closed for five months. Here's why I think the theater operator could be one of the best stocks to buy today.
Sp has now dropped over 40% since the recent high of 67p this month. Perhaps any small good news or (rather absence of bad news) should tick it up back to retest area 45p-50p. Let's see.