Member Info for RS2002

Great post.

Fantastic news. Expect to see this rise, tomorrow on the back of this news.

Citadel are still reporting 1.11% short position.

Agree, the shorts remain high. They are really banking on a share dilution.

inclined*

Agree, Ian.

If this was a failing business model a la Debenhams, Thomas Cook, INTU, I would be included to say, creditors should be very worried. The model isn't sustainable. But, with 10 years+ of profits, accounts in the black, ND/EBITDA scoring higher than the required ration, pre-covid, the sensible risk assessment says: "Give them more allowance and in turn ask for more profits, next year".

No other competitor out there will want to take on the real estate.

2021 has enough movies lined-up to generate tremendous footfall; without, this will have a downstream impact on footfall to restaurants and other leisure activities, as well.

I have to say Oliver Dowden, Secretary of State for Digital, Culture, Media and Sport needs to step up. If he doesn't use his position to influence the government, Alok Sharma, Secretary of State for Business, Energy and Industrial Strategy to support Cineworld, they are not just letting Cineworld and their workers down but the public, too. This is all unfolding on their watch and whilst Covid isn't the fault of the government, they have contributed to the demise by introducing lockdowns and denying revenue generation and then, worst, spooked the markets and public confidence again when hospital and mortality rates have remained low.

This is the million dollar question, Jawad.

I don’t see how it would make any sense. A market cap off less than $400m suggests it’s not viable at this price.

I see additional debt or government relief. Trump tweeted this morning there is unused money in the CARES Act. Mooky has tapped this before and with 55,000 jobs on the line, I feel government intervention or additional allowances from creditors should be afforded.

Will they? I don’t know but, Mooky (CEO) suggested his line of dialogue with creditors and banks is going well. That is vague, yes, but it does suggest some positive news is due soon.

@Damo this is something I was going to cite, too.

Viewing habits during lockdown cannot be used to forecast ahead, post covid. When will covid end? I don't have a crystal ball but the suggestion from experts (Bill Gates) is developed countries will resume to "normality" toward the end of 2021, so Q3-Q4 201?

I would argue there isn't enough data to say there has been a paradigm shift in viewing habits to say PVOD will take the crown for initial movie release.

Another point is that theatrical exhibition supports a multi-billion dollar marketing and in the case of franchises like Star Wars, Marvel, Disney support a huge merchandise empire. Theatrical releases, the hype, the red carpet, the advertising and toys thrown in your face don't translate with as much impact as the cinema and the exclusivity it holds, than it would on the living room 40" tv.

I would personally welcome this news.

The 2021 rosta is just too busy with so many movies and we have witness two studios participate in a PVOD approach, already.

Both haven't lived up to expectations.

Universal tried this for Trolls 2 and despite taking ~$100m, it barely covered production costs of ~$90m and from what I have read with Hollywood Reporter, many industry experts believe it "won't make a dime in profit", given costs for marketing and once you have viewed it on the living room, you are reluctant to pay for traditional VOD (cheaper) or be interested in a second viewing on cable/subscription services.

Disney, Mulan is widely reported as a flop with PVOD and in some countries, France for example it was put on free for Disney+. Disney themselves, have stated it was a one-off and won't be entertained for Marvel's Black Widow.

Roll on WW84 to PVOD, I say. Let's see how successful this is for Universal...

Until you spell your username correctly, you cannot be taken as a credible poster.

This is going up. It’s been oversold.

Aviation will tank today, but Cineworld will rise.

His lates tweets now suggest a further u-turn. He wants to split the stimulus, prioritising and approving $1200 cheques and a $25 Billion aviation support package...

What will the market make of this?

“ The House & Senate should IMMEDIATELY Approve 25 Billion Dollars for Airline Payroll Support, & 135 Billion Dollars for Paycheck Protection Program for Small Business. Both of these will be fully paid for with unused funds from the Cares Act. Have this money. I will sign now!”

Cuomo lost out to Seattle for the Amazon HQ. It is for NATO to drive NY and push for legal action if he continues to deny cinemas from opening. I'm surprised the cinema groups aren't looking into "interruption" insurance claims.

Car Dealer were recently given the go, following an appeal to launch a bid against their insurance companies for something similar.

Further reading here: https://www.am-online.com/news/market-insight/2020/09/17/high-court-backs-fca-s-covid-19-business-interruption-insurance-claim-case

Most of its day-traders hoping to make another nice return.
Push the price down, hoover them up and then spit them out.
You're not missing much tbh. Wait for the news from the source (Cineworld)

I'll buy a dictionary when this goes £1.99

His new 1 post account didn't even spell that username right lol

I'll be more conservative and say £1.99. You'll get that Porsche, don't worry.

65p for a short term goal would be very well received.

1. External (that means outside of Cineworld) source suggests "may" only have enough liqudidity until December 2020
2. Internal (that means inside Cineworld) and afforded by RNS, source suggests liqudidity to September 2021 performing as-is. Ergo, hibernate - save more money and extend liqudidity to December 2021?

"The Group’s forecasts and projections, taking account of reasonably possible changes in trading performance, show that the Group should be able to operate within the level of its current facilities for at least 12 months from the approval date of these interim consolidated financial statements,"

Source: https://www.cineworldplc.com/sites/cineworld-plc/files/reports-presentation/2020/interim-results-september-2020-v2.pdf (page 6)

indepthwins
Posted in: CINE
Posts: 2,070
Price: 28.00
No Opinion

RE: indepthloses06 Oct 2020 15:11

No dealing costs, only stamp duty to pay.
I bought at £0.189286
and sold at £0.285184

Many already knew this, he's not out to help anyone other than line his own pockets. That is okay, but don't be dishonest about it and make money yourself then convince others so it tanks only to day-trade it for yourself.

It's almost as bad our resident Bollywood fan, Johnht crying crocadile tears for the zero hour contract staff who are told that work as dried-up. Something a zero hour contract person would understand by the nature of their contract. Johnht also claims to be a successful businessman running multiple companies but not undertanding this funamental point.

@moola - indepth posted earlier he did a short trade. He's a day trader. Nothing wrong with that but I don't see why he would add any value to those with a different trading strategy (i.e medium/long).

I take comfort that Mooky (CEO) was on Sky News yesterday correcting the presenter that they have $4bn, net debt and that they have backing from lenders. Why would he say that on live-tv if that wasn't true?