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I live in South Wales and its been well documented even pre-pandemic that Friars Walk has been very poorly run by some very greedy landlords. You are absolutely right this is Cineworld playing hard ball over rents with a difficult landlord. They are directing all traffic to a retail park just outside of Newport which pre six years ago was the main multiplex Cinema people in Newport used anyway. Friars Walk risks losing its anchor on top of an already growing list of venues set to close.
We are on the verge of reopening, no bad news to justify the recent drop and anyone who has been watching Cine over the past twelve months knows that the sp magically drops right before a big rise. I'm not predicting a specific sp but i wouldn't be surprised to see this bounced back up over £1 in the short term off the back of reopening. How much higher above £1 and if it can stay there will be anyones guess and will be based on the size of the audience.
It looks like we are just the subject of wider volatility that imo is being played by those with an interest. Janet Yellen gaffed by mentioning the possibility of rate increases but has instantly started to walk back her comments. The decision isn't with her, its with the Fed who have already said multiple times that now is not the time to talk about tapering. The market makers are constantly trying to second guess Powell and refuse to take his word for it so we have these moments of the market throwing its rattle out of its pram before a returns to growth. It wont be long, we are reopening soon with 100% capacity on the horizon, vaccine rollouts continuing to go strong, infections and deaths going down along with one of the biggest line ups of films I've seen in a single year not to mention the pent up demand that has been proven by openings in places like China.
"Stock market news live updates: Dow hits record high, tech stocks recover as concerns over higher rates abate."
Seems like you wasted a few pixels there yourself Stonehenge. Unless you have something more useful to contribute than stating the obvious then you run the risk of being considered hypocritical. This is a free forum, if you don't like what certain individuals contribute then either filter then or go to a different forum.
“Not a great deal of movement in other assets but equity futures hit an air pocket,” said an equity sales trader based in London. “Looking at the price action and volume, a sense the machines took over for a second and resulted in a micro flash-crash.”
So in other words they let the algos get too greedy. So stupid.
My thoughts exactly, a shake down. We've seen it before and will likely see it again but what goes down so quickly almost always goes back up just as quick, great buying opportunities for those who have the cash and can time the bottom.
"Covid-19 News - amid doubts over vaccine effectiveness against the new strain of coronavirus in India, commonly known as the double mutant strain, a prelimary study by a team in Cambridge University, UK, has found that vaccines will be effective against this variant. The study has found the combination of the two mutations do not help it evade antibodies. This could be good news for vaccines and how effective they will be at containing the strain."
You would like to think that the Mayor of NYC wouldn't made a statement like that without there being a decent chance of it happening. If we can get 100% capacity in both the UK and US then that would be a huge leap forward.
"New York City Mayor Bill de Blasio on Thursday announced plans to fully reopen the city on July 1, meaning movie theaters and most other businesses would be able to operate at 100% capacity. That would be a notable milestone, especially for small business owners who have been struggling to make ends meet for the nearly year-and-a-half that COVID-19 restrictions have been in place. Yet the decision to fully reopen isn’t his to make. It’s up to the state and its Gov. Andrew Cuomo."
"The social distancing rule will be scrapped but masks will remain under government plans for the final easing of restrictions on June 21, it has been claimed.
People will no longer have to stick to 'one metre-plus' while indoors as part of plans to allow all restaurants, pubs, theatres and cinemas to finally reopen at full capacity."
What will it take to achieve herd immunity with SARS-CoV-2?
As with any other infection, there are two ways to achieve herd immunity: A large proportion of the population either gets infected or gets a protective vaccine. What we know about coronavirus so far suggests that, if we were really to go back to a pre-pandemic lifestyle, we would need at least 70% of the population to be immune to keep the rate of infection down (“achieve herd immunity”) without restrictions on activities. But this level depends on many factors, including the infectiousness of the virus (variants can evolve that are more infectious) and how people interact with each other.
For example, when the population reduces their level of interaction (through distancing, wearing masks, etc.), infection rates slow down. But as society opens up more broadly and the virus mutates to become more contagious, infection rates will go up again. Since we are not currently at a level of protection that can allow life to return to normal without seeing another spike in cases and deaths, it is now a race between infection and injection.
Cheers Bonkers, the baby and wife are doing well. As well as any of us are during these times. Not that it has any baring of the vaccine progress on a national scale but I'm 35 and my wife is 32, not on any priority list or signed up to any reserve list and I had my first vaccine last Wednesday and she's had a letter for her first vaccine to be had on May 12th. So in my opinion things are moving ahead of schedule or at least on schedule.
"AstraZeneca is on track to deliver 200 million vaccine doses a month, Chief Executive Pascal Soriot has said.
Soriot, speaking during a results briefing which showed the Anglo-Swedish drugmaker delivered almost £200 million in first quarter sales of the vaccine, said “shipments are increasing as manufacturing improves”.
It comes as people aged 40-and-over in England are now being invited to book their first coronavirus vaccine appointment.
The latest rollout extension comes as figures showed that more than 34 million people across the UK have now received one dose of a vaccine. More than 14 million people are already fully vaccinated."
I've always kept one eye on Cine but i needed the money so I sold out at around 1.19 here (I always miss the very top) and made a very nice profit, used the money to pay for what i originally intended for and then put what I had left into Hammerson about a month ago because it was more bang for my buck at the time as it were. Have made a bit of profit there already but have decided to also buy back in here for the next leg up. Seeing them take it down to below 96p was just too tempting when the UK and US vaccine and reopening is going so well. Good luck everyone.
"More than 200,000 free cinema tickets are to be made available in the UK, as venues prepare to reopen following months of closures as a result of the pandemic."
Good day today, sp is finally moving up and I've had my first dose of AstraZenneca with so far no side effects. This lockdown as you've said is permanent and irreversible. I read something the other day which also said Novavax approval in the UK was imminent so keep an eye out for that news over the next few weeks.