RE: Live stream :: Cineplex Inc. v. Cineworld13 Sep 2021 22:40
I don’t see how Cineplex have got a leg to stand on, passing on debt out of contractual agreement which started accumulating before lockdowns affected Canada, how the hell they going to blag their way out of that?
Hopefully this case won’t drag and more than likely CINE will win this case then that should translate into a 30-40% bounce for the SP.
We all know the results won’t paint a pretty picture tmrw and that’s not just a CINE thing, a lot of businesses are still in recovery mode and that will reflect in their results also.
As I see it and from a pre-pandemic point, there was a consistent demand for cinemas, go back as far as March 2015 and the sp never fell below £2 until around Jan 2020. Sure the pandemic has hit businesses hard and unfortunately that has increased debt levels but is it all as gloomy as it sounds.
Fast forward to Q1-Q2 of 2022 and do we really see the demand for cinema attendance increasing or decreasing… imo we’ll see a boom in demand with the number of films being released and the government/public learning to live with the virus rather than hide from it.
It’s a forward thinking market and CINE has come out of the worst of it… anyone remember hitting below 20p… I do and I also remember massive paper losses, was it easy going, hell no, but it teaches you to be more resilient and play the game rather than jump ship and accept losses.
Let’s see what captain Mooky has to say about a forward looking statement and let the business works towards it, I’m sure Mooky has a rabbit or 2 up his sleeve to add some confidence back into investment in this business!
No one is expecting the results to be great for obvious reasons and I wouldn’t be surprised if it’s already priced in hence why we’re not getting any movement, however what is important is a forward looking statement from Captain Mooky to add confidence for shareholders that the worst is over and we are looking at a strong recovery going forward.
Let’s not forget a lot of business are still in recovery mode, it’s not just CINE, the demand for cinema’s will always be there and we have enough new releases in the pipeline to keep the customers more than happy… hold strong!
Hang in there chaps and chappettes, the CINE ship has been through much rougher seas below 20p when all the shorters were betting on the ship to sink… captain Mooky kept his calm and so should we… it may take longer then expected but anyone with paper losses will see brighter days!
@LPD - I was just reading that before calling it a night and jumped on this board to check if anyone picked up on it… it’s a lucrative government deal which can boost income and importantly increase vaccinations.
Eddie chappy… sounds like you’ve started drinking cans of larger too early and we’ll put your duff comments down to a loss of self control! When you’ve sobered up you can climb back out of your crap hole and apologise to the board!
This is actually a good decision for the 35% of 18 to 30-year-olds who have not had their first jab yet. The key to normality is the vaccine drive and we have clear evidence that it breaks the link between covid and serious cases.
Liu Zaiwang, through his Jangho Group could throw a takeover offer in the mix just to see his stake fly to the moon as we all know at current prices it will most probably get refused by the Mooky gang… point being, if there is indeed manipulation going on to drive this share down for the benefit of institutional shorters then there shouldn’t be any reason why it cannot be influenced (legally) back the other way… I’d be doing that right now if I was running Jangho!
Absolutely agree LPD and good post… bumpy roads ahead are expected especially when letting our guard down, people are still cautious and will not be stupid enough to put themselves in danger so although we are fully open there will be a carful steps forward by most of us which is the right away ahead!
Nobody wants another full on lockdown, we’ve all had enough of that, we just need to get more people double vaccinated and I’m sure that’s the key to mitigating any further adverse impact!