Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
You can check ticket sales by simply trying to book seats at any Cine online, I’ve just checked Leeds, I do not live anywhere near Leeds but I heard they were fully booked for Unhinged on Friday (opening day) and it’s true I cannot get a ticket for two of showings!
I did just that bought another 15k @ 35.6p to average down, now got 37k shares at 61p Avg, in for the long, let’s face it, it opens in 2 days in most locations and being the 2nd largest chain out there I’m sure there will be more movie studios looking to do VoD deals, they won’t wanna put there eggs in one basket surely, plus the bulk of the new blockbuster trade is in the first 3 weeks anyway, just IMO GLA
My local Cine has sold 22 seats for 1 screening of Unhinged on opening night, not too bad only went live about midday! If you check any seating sales be careful when you count them as there I are some naturally blocked out but you can work out which ones by changing the viewing times, it creates a matching pattern :-)
Surely the opening of 100+ sites In the UK in just under a weeks time will assist with some cash burn coverage? The Gyms opened today and a close friend who now runs classes at bannatynes was shocked how busy it was, I work in direct customer facing sales and it’s been relentless since the 1st of June with people not really giving a damn about Covid, I appreciate some of the blockbusters have been pushed back but I’m feeling confident with all the other great films available and some timeless classics they will be busy! People want to get out there and spend! I have read many posts on here also saying people are getting tired of VoD and the big movies cannot make the cash there as they are shared by numerous people for 1 purchase if that makes sense. Looking forward to a good month or two ahead! GLA
Just had an email from showcase cinemas as they’ve reopened where I live already, didn’t know tbh but they have put a safety vid out and have to say it looks really good, if Cine follows this method I feel we are all good! Check it out! https://youtu.be/0riajho6v7Y
@indepthwins already dabbled with AML, I’m no noob to the scene I just like to watch from the sidelines where everyone baits each other, it’s quite entertaining sometimes, i’ve hit the boards as my day job is very similar to Cine with regard to the public pulse, I hope it came as a fresh view for you all, yeah I’ve won and lost on AML and will poss go again on a one day window around the 30th after Q2 results (if not already factured into the SP) and Moers twirling the spanners on the 1st August, we shall see!
I’ve had to read up on BBL, we mostly deal with joe public as the Bounce back loans are for businesses it suggests, I’m saying the public (95% of my customer base) are spending their own cash out the bank, only approx 45% of customers are taking out finance supported by a deposit from you guessed it their bank account, this is also setup as a direct debit with no payment holiday... Money is out there and I feel if the so called recession is inevitable people will hit the cinema hard as it’s good, cheap (compared with other outlets) entertainment, the bit that amazes me the most is the 100’s of customers coming out to just have a look around and don’t even commit to buy! You can’t really do that at big screen, I hear what others are saying tho, it’s the US side that’s going to stall things, the UK will have no issue getting out there as long as the doors open on time!
Just wanted to share my experience as a direct customer facing sales executive in the current climate, it’s busy! very busy! I’m not trying to ramp as I know it’s all tosh on the boards bear or bull and doesn’t affect the SP to my knowledge anyway, I do however edge on the positive and have to be as I’m in deep here for my budget with 25k shares @ 72p avg so naturally want this to fly when the doors finally open and it will! How do I know, well, I work in a large uk city (not London) and have been back since June the 1st after furlough in a 50/50 indoor outdoor environment selling the next big thing to buying a house, I’m not trying to be cryptic simply keeping myself off the radar for any employment fallout, we are looking out for the customer with PPE wherever possible and our own colleagues which is more of a challenge naturally but nobody has moaned or been ill (that’s visually obvious) in the last 7 weeks together, our team is twice the size of an average shift at a Cineworld, I’ll cut to the chase, our lovely customers who have come in droves (most) do not give a flying **** about Covid, I don’t mean they want to hug you or fight you, they respect it but want to spend their cash! Yes there are some people who are more freaked out but they are either more at risk or older and we handle it well for them, it’s all very simple and should be even easier in a cinema as generally people don’t move about much, coming back to them spending cash, I have all but boxed off 2/3 of my monthly target in the first week of July! June wasn’t bad either we were just finding our feet and I missed my target by a whisker which was a pre lockdown target I hasten to add! If all is ok with the new WHO airborne BS which I have to debunk as I mostly work inside with approx 30 people with a/c on and nobody, not a single person has shown symptoms, been ill or gone home sick!! It’s just about Cine winning the court case which they’re confident they will and the US sorting themselves out and we all get what we want in making a few or for some a lot of cash to go and spend just like one of my customers! C’mon Cine I have faith! If anyone has good news on the Plex case, the US or the WHO I’m all ears! GLA
The 50% off food will also drive people outside too and the cinemas will definitely benefit from this footfall upside as well, bring it on!
Hi all, I’m new to this and I’m at 72p avg so
A chunk down but know this is the market so staying calm and feel it’ll come back next year, with this side bid going on are my shares safe to still go up and down etc, they won’t be lost in this Transaction?!?