Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Good on you mate.
5p by the end of the week
For me, there’s plenty of reason to be concerned for the company’s future. It’s not just Covid that’s crushing the share price. Streaming services like Disney+ are landing heavy blows on the cinema industry. Streamers are releasing their new films directly on their services, taking away the once exclusive monopoly that cinemas once enjoyed. Another kick in the teeth for Cineworld is that it had until recently been on an acquisition spree, loading up with debt to become one of the largest cinema chains in the world. Now all these cinemas have to close. But the debt can’t be closed with them. That debt is staying.
Cineworld had already announced losses of £1.3bn in the first half of 2020. What next? It doesn’t look pretty. So, when you see the Cineworld share price going further and further down, that might be because the outlook keeps getting bleaker and bleaker. A search for more financing is quite likely.
However, if the company can ever get back to its previous revenue (a big ‘if’, with the trend towards streaming well established) then perhaps it would have been a good idea to get in when things were looking at their worst. That said, it’s hard to find an industry that has been hit harder and one for which the future looks as tough as it does for cinemas
At 10am I put £1000 on TRADING 212. I have shorted 1000 on cineworld. I'm now 300 up. Sweet
Such a shame. I sold everything last week. After seeing Amazon done a deal with Warner bros. On a hunch I sold up. It was always on my mind. I was one of the lucky one that bought them at a low price. I feel bad for the ones who paid top price and have been riding it out hoping it will recover
My first real bad investment. I bought 2k worth at £1.01. I should have waited when it went done further. I really cant see cineworld recovering from covid.
Amazon have now done a deal with Warner bros to release films. The world has changed big time
If this drops again Tomorrow I'm selling.
I have £12000 left to pay. 15years later. I missed out on the 2008 recession for picking up cheap shares.
I just bought £1000 worth. If this goes to 20p in the future that's my house paid off.