Member Info for RS2002

Squib is absolutely correct.

The current Cineworld share price discounted by 90% does not reflect the Cineplex judgement which is under appeal.

It doesn’t take into account that 70% of the debt Cineworld holds was there pre covid and inherited as part of the Regal acquisition and it has already taken into consideration the significant recovery over 2021.

If you believe that you will believe anything.

1. It seems Squib has logged into the wrong account. He has used his FUD account to promote Cineworld and the cinema experience

2. The costs argument has been visited a number of times. Cast aside that peak demographics are 15-24 year olds who live rent free with their parents and have disposable income. The cost of a family outing is cheap for an “out of home” experience. Cineworld operates 75% in the USA, where a larger middle class exists but let’s entertain the U.K. family cost argument for Barbershop.

Cineworld offer a family ticket deal for £23 for a family of 4. For these Family Ticket holders a concession deal exists, a Family Special includes 2 x Munchboxes, 1 x Regular Popcorn & 2 x Regular Soft Drink for only £13.90. That’s a saving of over 30%. Total spend for family of 4: £ 36.90. Per head £9.22.

Where else can you go for 2-3 hours, be entertained and fed for less than £10 per person.

The summer will add an alternative venue in a dry air conditioned theater which will appeal to many when the summer heat comes and equally when the summer rain makes a show.

I feel we need a sticky thread for these same old arguments.

Cine is at risk of dilution?

It has a market cap of £360m.

That would not touch the sides of any creditor least of all Cineple.

This BB is having the same old posts and threads. Like a perpetual roundabout at a fair. Nauseating at times.

Huss why are you even entertaining oceans posts? This was one of his posts, note the irony. He is here merely to seek a shift in a few percentage as is the case for most traders who frequent this BB shifting sentiment depending on their entry and exit.

oceanpassage
Posted in: BOO
Posts: 1,389
Price: 77.34
No Opinion
RE: I'm worried24 May 2022 20:45
you are obviously a trader with that timeframe in mind.
if so, yeah it could go lower to say 70p. wouldn't be surprised. would that be a problem for you?
I have a 2 year timeframe in mind minimum, have added & will continue to add if it goes lower.
can't see any reason to even consider selling' equally i dont base my decisions on what other peeple have to say.

Read that last sentence: “equally i dont base my decisions on what other peeple have to say.”

He is shilling BOO blissfully unaware fast fashion has met it’s day and the bubble has burst. It’s earlier valuation of 400p/share is a distant memory and one that won’t repeat. I hold BOO at 102p/share, if it gets to 200p it will be a miracle.

The US Over The Counter (OTC) trade volume is typically 75-150,000 shares traded a day. This is minuscule.

Total Cine shares in issue is 1.3 billion. So you are looking and over reading into a 0.000000109215719% allocation of shares being traded in the US over OTC.

I believe the allocation shorted over OTC is 6 million, so over the 1.3bn allocation, 0.0048% shorted.

This makes no difference and in fact the US OTC price closed up 6% and works out to be about 29p when converted from USD to GBP.

Keep in mind shorts were 14-16% back in Feb 2020 when the share price was 200p+

Right now, it is all eyes on admissions and general box office performance. As expected Top Gun Maverick has introduced a wider demographic back to cinema going. This is really encouraging and bodes well for the rest of summer/the year.

Good job popcorn kernels can last for 2-3 years in airtight containers. Most cinemas have plenty from their down periods during lockdown and will have a supplier relationship. The popcorn machines are already in situ and have maintenance contracts.

The NY Post says “Shortages of the snack could be felt LATER THIS YEAR, when the holiday movie season rolls around”

Source: https://nypost.com/2022/05/31/movie-theaters-have-popcorn-candy-shortages-over-inflation/

The bottom feeders chasing beer money we’re always going to come out after a 14-17% rise yesterday.

Let them trade and make their £100.

Hold for gold, long term.

https://youtube.com/shorts/E5gHQcf05Is?feature=share

Cineworld’s net debt stands at $5bn (pre-IRFS 16). It acquired $3.4bn of that debt (~70%) back in 2018 following the acquisition of Regal theaters.

Between 2018 and 2020, Cineworld’s share price was ~300p and it made profit every year up until covid and the global pandemic, which, contrary to the popular FUD message from derampers and shorters was something Mooky did not bring about, saw it lose 85% of its market capital.

Right now, the market is getting very positive signals that a shift is and a return to theatrical is taking. This is not about one movie this summer, rather about consumer habits returning to pre-pandemic. Currently polls are seeing that 90% of pre-pandemic movie-goers are feeling confident to return. The market is forward thinking and with streaming now deflating and Netflix observing $54bn wiped off its market capital, investors are now looking at cinemas and studios (read Warren Buffet and Paramount) as viable investment opportunities for recovery and growth.

Mooky is very pleased with the performance of admissions for Top Gun Maverick and importantly noted that premium formats like IMAX and 4DX are doing very well.

Mooky stands to be awarded a £33m bonus when, not if, the cineworld share price returns to 190p. That is a great incentive to work to achieve that.

The market is waking up to the fact that the existential crisis cinema was facing over the pandemic is well and truly over.

In the United States, concerns about the coronavirus seem to have faded. About 85 percent of prepandemic ticket buyers (those attending at least four movies a year) currently feel safe going to theaters, according to polling by National Research Group, a film industry consultancy. In January, about 65 percent felt safe. N.R.G. data shows that consumers in general view movie theaters as safer than gyms, bars and restaurants.

“This is the real turnaround,” said Mooky Greidinger, the chief executive of Cineworld, which owns Regal Cinemas, the No. 2 multiplex chain in the United States. “We are very, very optimistic for the rest of the year.” He noted that a large percentage of “Top Gun: Maverick” ticket buyers opted for premium-priced screenings in large-format theaters such as IMAX. “Give us every weekend a movie like ‘Top Gun!’” he said.

Source: https://www.nytimes.com/2022/05/29/movies/top-gun-maverick-box-office.html

Tegop, I did the same and holding an average of 30p. The bear market is the right time to load up in equities and Cineworld is a great recovery play for a diversified portfolio.

Squib saying “most big money investors won't touch it” ignorant to the fact that 72% of stock is insider and institutional owned.

Don’t bother wiping the egg off your face, there is plenty more to come.

Morning Mountainous and LPD, the share is still oversold so I’m not too carried away right now.

Berkshire Hathaway have taken a $2.6bn stake in Paramount as they have recognised the value of studios who in turn are fast doing a u-turn on “streaming first” valuing theatrical.

Paramount have awarded Top Gun a 120 day theatrical window according to GQ.

The summer slate looks good and as expected, Top Gun Maverick has rekindled movie going with millions across demographics who were initially reluctant.

I am expecting Netflix to sign up for a 45 day theatrical window for their big movies which will cement the longevity of cinemas and et us not forget we retail investors are small fry. Insiders and institutional owners make up 72% of the share holders. Mooky and the Board of directors are incentivised to get this share price back to 190p at a minimum if they want £33m from a £208m bonus pot that will reward directors and staff.

At 28p the patient investor can expect to see a 578% increase to 190p if positive box office performance, concessions and a successful appeal come through.

I would say that is a worthy risk to take for some significant gains.

Approval in place and orders to come. The market will rerate this. Great news.

“Top Gun: Maverick offers exactly the kind of air-punching spectacle that reminds people why a trip to the cinema beats staying at home and watching Netflix.”

Pleased this has brought cross demographics back to the cinema and with this news we should expect more investment from studios to produce more movies to continue bringing this demographic in. That said, it is widely accepted that under 45 year olds make up 80% of attendance.

Source: https://www.theguardian.com/film/2022/may/29/top-gun-maverick-review-tom-cruise-joseph-kosinski

Cruise and Paramount are already on target for a big weekend, with the film making $19.2 million in its preview showings. Paramount said that represents its highest-grossing preview in the company's history and the highest-grossing Memorial Day weekend preview ever.

This movie is about to reacquaint cross generations back to cinema going. This is a big event and one that will hopefully put to bed any notion cinema is just superhero’s and 15-24 year olds.

The importance and significance of this movie should not be underestimated.

Source: https://www.cnn.com/2022/05/27/media/top-gun-maverick-opening-tom-cruise-box-office/index.html

Morning LPD, I did exactly the same.

Went with some friends to watch the 2000 showing last night and really enjoyed a great piece of cinema.

The nostalgia factor was expected but I was pleasantly surprised the story telling and chemistry from the entire cast held up and delivered a captivating performance.

The music, cinematography and aerial combat scenes were thrilling. It really is a throw back to the early days of enjoyable, immersive cinema.

The best thing was you forget this is a movie and just enjoy the pace of the story telling, always the best sign that you are not checking your watch or pondering the end just soaking it all up.

I would say my screening was about 50% occupied and it was late but the 4DX screenings were 75-80-% booked.

This film will do very well and importantly entice wider demographics to return to the cinema which is exactly what we as investors want.

Tom Cruise is all about the long game and has never really seen high first week takings which the MCU is notorious for. Let us see what the takings will be for the first memorial 3 day weekend in the US. They need escapism more than ever right now.

Cinema as a family outing is incredibly good value for money.

Cineworld offer family ticket deal for £23 for a family of 4. For these Family Ticket holders a concession deal exists, a Family Special includes 2 x Munchboxes, 1 x Regular Popcorn & 2 x Regular Soft Drink for only £13.90. That’s a saving of over 30%. Total spend for family of 4: £ 36.90. Per head £9.22.

Where else can you go for 2-3 hours, be entertained and fed for less than £10 per person.

The summer will add an alternative venue in a dry air conditioned theater which will appeal to many when the summer heat comes and equally when the summer rain makes a show.

Back in 2017, Polaris Capital submitted an appeal to a bankruptcy order. It filed a business-rehabilitation petition and was able to restructure and recover.

An 8% reduction in their holding was likely to free up capital as global equities have seen a sell off.

Source: https://www.reuters.com/article/brief-polaris-capital-submits-appeal-of-idINFWN1MS10E

Polaris reduced their own allocation by just 8%.
I would imagine they wanted to diversify their portfolio.

I am curious if the shorters who loaned out the shares will need to settle back to Polaris.

The overall split of the shares is still 73% insider and institutional owned and 27% private retail investor held.

I am hopeful to make some gains elsewhere to increase my holding here in CINE.

According to the Russia Foreign Ministry cited by Sky News Arabia:
• Russia is studying the peace plan proposed by Italy regarding the Ukraine crisis

Needless to say a peace plan would be positive for the markets.