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AMC under 'consideration' of bankruptcy should really spook the studios. Maybe even catch Cuomo's attention in NY (I like the guy btw but I find think he has a cinema blindspot...)
Alas, when it hit 2.7 I had to get the kids so couldn't do a quick in/out for 15%. Guess that's life... ...
For MS to day trade that quantity, there are better ways to do it. Intra-day opportunities much more profitable.
Just buy up the sells as they happen, and this will allow continual purchases without your buy price moving under you.
Just a bit tedious is all. But an automated trading program wouldn't care about that. Out of hours spread are very unpredictable.
Not a lot, by a bank's standards, but an expression of confidence nonetheless.
It's the precedent and setting the pitch for the price for others.
Netflix will haemorrhage cash to stay in the game. Disney+ will bail.
Amazon are trying to protect against breakup over the next 2-5 years (re monopoly) and establish dominance in advance.
Still, streaming and cinema are complementary and so I expect Amazon will appreciate that.
It's a loss maker, possibly by design. But they have the cash to test the waters.
Hurt Netflix, Disney+ et al is probably the bigger game at play.
Amazon may also be trying to force some consolidation in the streaming market. Kill off some of the others when new stuff is scarce/non-existent.
Like when Prime debuted, Amazon are prepared to run at a loss to see how it goes.
But this film is probably a 'B' film at best, and probably shows the max amount streaming would pay for a film, which thus would rule out serious blockbusters.
@Moola
Thanks for the compliment. Always nice to know someone reads what you write.
I think that capitalism is struggling with something it isn't equipped to handle. The dysfunction in otherwise profitable businesses doesn't fit in with leveraged finance.
Times like this, the world should try and treat this period as non-financial time when and where stress points occur.
At the moment, yes. But that is not a given moving forward.
Deferrment means that it doesn't grow. You just extend the term. Optionally adding a small amount to cover inflation on deferred payments based on the risk free rate eg. LIBOR/EURIBOR etc.
Also haircuts can occur. That means they could then reduce.
Now that sounds almost silly.
A few unprofitable places, maybe. But the numbers seem designed to sell a story rather than report facts.
all of which can be deferred with extended maturity.
Of course still need to buy paper for the printer.
There comes a point when banks/debt agents have to stop thinking 'how much can we screw companies for' and think 'economic stability is needed if the goose is going to keep laying golden eggs'
News sells. The best news is always bad news, so make it worse when you can get away with it.
Please, you know, so why the rhetorical question?
Could be anywhere from 50-80p as a stable finish. Spiking anywhere.
Bear in mind where shorters initially sold at as being their pressure point. Some were quite high but not all. Plus they would have 'acquired' initial sells to close at different price points.
Would expect traders flocking in to buy since the assumption would then be survival is a given and thus future profits assured. Race to buy as cheap as possible.
fomo
if finance is agreed, they will be well and truly stuffed.
So you'd expect a quite significant price spike (with profit taking unlikely to undo it all)
Put another way, 20% free shares means shorters need 1 out of every 3 of those.
That may be quite unlikely and may need day traders to give a chance of the required liquidity.
Today being a thin-ash day, trade volume wise.
That it is. Though, unless I'm mistaken, the free shares are around 20% and are now probably in holding hands (or being hovered up by larger players?) since we've had the 18p scare and have moved 60% above that. So free shares actively being traded may be much much lower than 20%.
You forget that the two markets are complimentary more than opposing.
Mulan seems to be proving that, if rumours of poor overall sales are true, inspire of an initial sales boost.
Subscribers have learnt from Disney that they can buy films for keeps at the same price and so not be tied into maintaining a subscription. That decision to sell for the same price was business idiocy or perhaps more likely a realisation that it won't work moving forward.
Plus streaming would only likely give studios a short term boost since peoples habits would be likely to return to watching what they have now and not wanting to pay more when waiting will give them new films effectively no additional cost.
Basically people only stay home when going out is not an option. Lounge lizards are not the majority. Social beings are.
They are probably happy with those profits but now think they are likely to reduce rather than increase, with the ask price more likely to increase than decrease or just avoid a delta spike that could happen at any time (i.e. price goes through the roof on finance agreed with all and sundry by cine)
Can only assume Adelphi, who came in around June selling somewhere between 80 and 100p, think they have room to take their time.
Would expect them to start top slicing and starting a slow buy back in order to avoid pushing their own buy back price higher with their need to eventually acquire 26M shares.
Or they're going for zero.