RE: 12th Aug interim13 Jul 2021 20:59
If you look at box office figures for US domestic, for the month of June
Year Cumulative Gross Number of releases
2021 $399,282,324 80
2020 $3,677,627 22
2019 $1,149,119,141 193
So you can see that for half the number of releases compared to 2019, gross amount is almost comparable to 2019.
So just for comparison if you take 90 releases in 2019, which is half the actual number then gross would be $550M and we have $399M for similar number now in June 2021.
You have to consider the number of releases as well when you are comparing with precovid levels.
So anyone saying cinema attendance poor and scaremongering about masks are the trolls desparately trying to talk down the share.
We have a big list of movies lined up in the coming months and with restrictions completely removed for CINE and trading conditions back to precovid levels, we shall see those box office numbers improving. Like I said above, you cannot just compare the gross amounts as you should also consider the number of movie releases and as per the releases CINE is doing really well with trading almost back to precovid levels and this was the reason why Mooky said in the last update that demand is more than they expected for the Peter Rabbit.
Now comes the question then why is the share price is dropping when the trading conditions are back to normal.
We don't have any TR1s about any big funds selling since last 3 months and yet the price is dropping. It is all due to shorts and lot of PIs selling listening to trolls.
I will post more details on how retail investors shares impact the CINE share price.