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Again this share reacts to news in the UK but 75% of their stock and market is in the states lets not forget that.
So the government is considering proposing a circuit break of a few weeks to close the hospitality sector should things carry on declining. Do you think this will include cinemas? Also lets not forget 75% of Cineworld is USA and therefore not subject to UK policy. However this share price seems to act more to UK policy than USA policy.
It is good to see the shorts slowly but surely reducing. This will give the SP a more predictable outcome once they are reduced furthermore. this share needs to stop being the victim of trading and be a long term investment. Once that surety comes back the big money will roll in and bounce this share back up comparable with its pre Covid price. It was oversold over played and over shorted.
All markets are down and so and are our competitors just sit tight the fundamentals are this stock was over sold. It is now being played by both shorters and large opportunists. Blue chip money will soon be attracted once we get some good results through. Most importantly our suppliers the big film producers have every faith in the revenue generation of the theatrical release and continue to hold back a fantastic lime up.of film's release. Winter is approaching Christmas will soon be upon us this leisure stock will be at the centre of entertainment over the next 2 quarters
We had this before with a £20m overhang lots of buying but no movement in price
3 Live RNs what has Norges bank done today ?
Great site this for monitoring CINE
https://uk.tradingview.com/symbols/LSE-CINE/technicals/
s over 14000 trades yesterday and down to 3434 trades today, I suspect we are now in a holding pattern until any new news is released - weekend News on capacities and then the long awaiting financials will then shift this back to where it should be. Another week in the world of Covid who knows US might show some stabilised rates and then there the vaccine!
Nice to see this stock performing back in line with the market . All for the financials now . USA need to calm their spikes down and a rally into August should put this back into its trading band of 50p - 70p
So looking at the short tracker site and i have not completed my full anaylsis but 23rd July shorts 3.76% Sp was 246, 14th Oct shorts 9.58% Sp 223 Jan 20 shorts 14.47% SP 220.
No real pattern forming there other than this stock is used to fluctuations in shorting. 8% shorts is not going to rock the market cap that much this is due to lack of big investors returning to this sector. The money is there as the Ftse 250 is 17K and 100 in the 6ks all heathy levels.
As tempted as i am to do one more large investment to fully drive my average down I am with Investroid wait for the financial news on the 6th. Ryanair reported £130m losses the other day and the Sp still went up by 6% albeit its cooled off a bit now this stock also is showing 0% shorts.
The losses will be bad but if an airline can suffer only £130M due to being shut up shop for a few months it just shows how well the governments have propped these businesses up. Pilots demand more salary than Customer service assistants and a planes lease is a hell of alot more than a cinema lease and they had to dish out refunds .Well managed businesses will prevail and that is the key. Supply of new films will be for the Autumn, that potential will be priced in once the financials are released. we know the demand is there whether there is a second wave or not People will go out and do what they want to do albeit in a careful and measured way.
has shorter guy seriously been reporting on the basis of data not updated? Looking here https://www.lse.co.uk/ShareShortPositions.asp?shareprice=CINE&share=Cineworld nothing changed since March 2020! My facts >>>>>> i have been stating are purely from the share performance charts
mark rs where are you getting your short data from ?
So after what appears to be some shorting this morning, what is the percentage now? how do i find this out please ?
It is so annoying to be reading some of these posts. Love or loathe certain individuals on here I have great respect for people who talk about facts. Investroid has been one of those and has also invested and de-invested as it suits his portfolio. I too have invested and have kept a hold position and tentatively bought in when the stock has reached a new low at the time. People who bang on about 20p soon forget this stock hit about 20p for a day on the 17th March. On the 16th March it was 37p on the 18th March the stock was 55p, bounced about a bit for 21 days or so from 55 - 35p and by 9th April was up to 77p. 5 weeks later worked its way to a £1. It has now taken 8 weeks to work its way back down again. The comfortable trading price for this stock at the moment is somewhere between 50 and 70p once it is priced out of these zones for whatever reason that may be as there are so many factors manipulating this price makes it more volatile. For a company that was founded in 1995 5 months of shut up shop with their staff on government backed furlough schemes Rent freezes, a back log of blockbusting films still to be released will trade out of this. Lets face it if you wanted to go to VOD then release now as no one can travel anywhere and everyones desperate to see something new obviously that is not happening Disney released Disney Plus whats been new since they launched it? theres a big PAUSE button if the Sp falls out the 50-70p zone its going to bounce up and down like a yo-yo and thats where we are. Figerty bums on seats from shorters to investers averaging down it is a battle between who has the deepest pockets at the moment. Big investors are seeing this as a playground at the moment for PI and are waiting on the sidelines to see NEW FACTS before real investment and then we will see movement.
Totally agree so therefore why are we worried about lockdowns! A non event when it is a US stock, SP has already reacted to the US this is a market maker driver we are seeing. But what the 25% of UK / European business will prove when we reopen and the booking system gets filled is market sentiment and that is what drives this stock at the moment.
If Disney was making a bigger loss on its parks over in the far East when they reopened they would not of wanted to reopen their western parks but they have . Tokyo opened on the 1st July and Euro on the 15th July the same will happen with the cinemas the capacity will then subtly been increased over the coming weeks in readiness for a 75% capacity for big film releases.
Foreign countries imposing Lockdowns or the UK imposing quarantine measures in my opinion bare no relation to the attendance of your local cinema. With the sky looking grey out there and the school holidays now in full swing a staycation already seems the preferred route of choice for families this year. All of this means more demand for controlled environments such as cinemas to be booked. If you need proof on demand try Booking Eurodisney they have a reduced capacity system at the moment and are fully booked for the next 10 days. As a family we have Infinity passes which means i have unrestricted access 365 days to Eurodisney. Even i cant get to use the park because of the booking system the park is working on 20-30% capacity. I do not know if this is profitable at this level but we do know cinemas do make a profit on low capcity. The metre plus rule applies so the capacity is 30-50%. The drive down here is market forces and not company profitability. Debt is an issue but a long term issue. New film releases is a short term issue which will be fixed once demand is there. Disney pulling their films have a motive. They launched Disney+ it would seem a likely gamble they would wish to promote their VOD to maintain subscriptions in the future. Netflix already announcing the rate of growth is now declining due to people now having watched what they have on Netflix and the content not getting re newed. I am heavily invested here and have had the highs and lows of this stock but see what is going out there. The court case is not the issue priced in already if we were to lose why is Cineplex shares down on their knees too? This is a company that reckon they can make CAD2Bn from a broken deal. No this is about sentiment and providing the footfall is there. As things ease the measures will relax. Subtle changes are taking place everywhere. My local Asda you no longer queue. They have now removed the one way system in the supermarket since the masks have been introduced. The weather is crap holidays are in doubt esp Spain being the biggest destination, these people are willing to sit on a plane they are willing to go to the cinema with the money they would of spent on sangria the people will be ready to fill those seats. The releases now need to come and the scene is set.
I notice Cineplex is up over 7% too so positive sentiment in this sector which has been over sold during this pandemic crisis. Businesses have essentially been moth balled and are now close to reopening in their respective markets .USA stats will be a risk until such time as they are stabilised but as we have been living with this virus for 7 months now our knowledge of controlling outbreaks have gone from countrywide control to localised controls this allowing the countries economy to operate and not shut down wholesale as we previously did.
Its been quiet on here today hopefully not to many licking the wounds or are we testing out those restuarants and mid week deals?
dow is up and futures on AMC is good for tomorrow also found this article.
https://uk.finance.yahoo.com/news/d-listen-warren-buffett-invest-164351981.html
The tree has had a good shake, people have had their fun and now it is time to get serious about investing in what is a very good company. I have a good position in this stock and if the price drops i will continue to add shares. If it goes up i have harvested enough for a good profit to make this investment worthwhile. With just 2 weeks away from opening I am predicting we shall see some large buys in this stock in the coming days. I note that Cineplex is also down ( with a firm so sure they could achieve a CAD 2Bn deal the market doesn't seem so sure! Good luck everyone.
Nice to see CINE growing some legs this morning. Still a bit to go Cineplex was up 8.33% yesterday. With restaurants being offered good concessions and with the school holidays in August luring people back to the retail parks and the chain 2 for 1 restaurants the cinemas are in a good place to attract these bookings so a good order book should be achieved through 7 days a week.
I see that Cineplex shares on opening have not fair well so I guess their investors are not so sure they can win a Billion pound claim because if I was then the share price would be rocketing
Interesting Russell Crowe is being interviewed right now on ITVs this morning regarding the release of Unhinged on the 31st July with particular reference to how there is great sentiment with the cinemas re-opening and they have decided to take the plunge and release this film for the summer as they believe alot of people would have missed the cinema and those big screen movies.