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All i'm saying is that it's down to Powell and how if the Bond market believes him or acts irrationally again. There has been some selling off in the Bond market today in anticipation so it's all about perception. Whatever happens the long term trajectory is up for Cine and we are in a fantastic position.
I know that zstarz but last week despite Powell saying that the Bond market didn't believe him, pushed back and sold due to their own fears that they didn't believe he wouldn't be forced to raise interest rates due to inflation.
I honestly believe tomorrow will be dictated by how the bond market reacts to the Federal reserve statement tonight, it's the very reason we closed even today. The interest in Cineworld is there but there is hesitance incase the bond market becomes rattled by the fear that the fed might increase interest rates sooner rather than later and prompt another bond market sell off which could temporarily stall momentum in the stock market.
On the other hand if Powell can navigate his position well and reassure that Bond market that he isn't changing his tactics any time soon then that leaves the door open for the rally to continue.
"More than 25 million people in the UK have now had their first dose of a coronavirus vaccine.
Figures from the Department of Health show almost 50% of all British adults have received a jab - increasing to 90% of those who are clinically extremely vulnerable, and 95% of over-65s.
The latest data shows that 5,758 new COVID-19 cases have been reported on Wednesday, compared with 5,294 on Tuesday. Meanwhile, 141 people have died within 28 days of a positive test - slightly higher than Tuesday's total of 110.
A total of 25,273,226 people have had their first Pfizer or Oxford/AstraZeneca vaccine, while 1,759,445 have had their second dose.
Prime Minister Boris Johnson said: "This latest milestone is an incredible achievement - representing 25 million reasons to be confident for the future as we cautiously reopen society. Thank you once again to the brilliant NHS, scientists, Armed Forces, volunteers, and all those who've helped our rollout."
The milestone means the government is well on its way to meeting a target of offering a jab to all 32 million people in the top nine priority groups by 15 April.
Health Secretary Matt Han**** confirmed the rollout is ahead of schedule - and urged everyone who is eligible for a jab to come forward.
He added: "This is an extraordinary feat, coming exactly 100 days after Margaret Keenan received the first authorised jab in the whole world.
"It has been a national mission, one of the one of the biggest logistical exercises since the war and I'd like to thank everyone who played their part."
And vaccines minister Nadhim Zahawi said this "moves us one step closer to safely seeing our friends and family again"."
https://news.sky.com/story/covid-19-more-than-25-million-people-in-the-uk-have-now-had-their-first-dose-of-a-coronavirus-vaccine-12248798
If Mooky was going to dilute the share price or thought it was likely he wouldn't have negotiated a bonus package for him and his family that was based around share price recovery.
I don't know why I said pay a close eye lol the sayings are either keep a close eye or pay attention.
Pay a close eye on the bond markets and todays Fed meeting, will likely have an impact one way or the other like it did last week.
Assuming a reopening announcement is forthcoming with the results where do we think this might end up? Do people think there will be a sell off at £1.20 or could there be a gap filled back up to around £1.50?
I dread to think what you do when Cine goes down a penny. lol
Ian why do you think the sp will go up from our results? Is it a matter of just getting the obvious negative out of the way or are you expecting a good surprise? I'm just curious, I hope thats the case as well.
Even though it's crawling back down now it was nice to see a bit of upward pressure.
What do we think? Americans spending their stimulus cheques?
That would be nice Saihaj, I think it all depends on the context of the announcement. If it's being used to counter negative results then I suppose it depends on how negative the results are and if the results show something unexpected. On the other hand it could be that the results show better than expected savings/cash burn and then couple that with a positive reopening announcement and you could be right on the money.
This is me assuming he announces it with the results, it's obviously not guaranteed it just seems to make sense in my head to announce it with the forward looking statement.
Deliveroo like a lot of digital service companies are betting on the environment being permanently changed by the pandemic. What I mean by that is that being locked down, more people out of necessity have had the opportunity to use their app, try their product as it were and so with a combination of brand loyalty and hopefully a good product/service they have built a larger customer base, combine that with an older generation figuring out and getting used to using an app to order restaurant style meals and they are betting on their business having expanded permanently even if it takes an initial knock with the reopening trade.
Let's not forget Deliveroo is an app and the UK doesn't have many "tech" companies on it's books so there may be some initial excitement from that. Imo though you just have to look at Just Eats share price to get an idea of what Deliveroo might do and you're right, their timing may not be ideal.
Haha Bonkers, imagine if you landed that by accident. People would lose their minds and you could set up shop as a guru.
"The UK coronavirus reproduction rate is now estimated to be between 0.6 and 0.8, latest estimates by Government scientists showed today.
It is a slight fall on last week’s figures, when the R rate was thought to be between 0.7 and 0.9.
It comes as a late stage trial of the Novavax’s Covid-19 vaccine, that will be made in Stockton on Tees, found it 96 per cent effective in preventing cases caused by the original version of the coronavirus, and 86 per cent effective against the Kent variant.
While it has been revealed the number of people testing positive for Covid-19 using lateral flow tests jumped by nearly 600 on the day schools returned this week."
https://www.standard.co.uk/news/uk/uk-coronavirus-live-latest-updates-covid-vaccine-furlough-holidays-b923696.html
It's a little bit back to the Chicken and the Egg argument. If studios are willing to bring release dates forward they are unlikely to do so while Regal/Cineworld remain closed with no set date to reopen and on the other side of the coin Mooky is holding off to see if release dates are brought forward or at the very least secured. Thats why key to our reopening Black Widow confirming its date and theatrical release was big and the few films edging their release dates forward like Quiet Place 2 is also pretty big.
*capacity
*run of it
Sorry just waking up lol
I was going to write the exact same thing zstarz, caoacity can be fixed by playing block busters over multiple screens where needed. It's having the big content and a rum of it thats key to reopening. Great news though, everything is falling into place.
They don't want to end up being the cause of their own short squeeze so they'll gradually buy until they have no choice.