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You have to bear in mind with these RNS’s that the notification is delayed. Looks like they bought in on Monday so they may actually have sold for a profit by now. They got everyone’s hopes up and just rode the swing last time.

Looks like the Chinese are back in for another swing trade.

I agree with the general sentiment regarding releasing to cinema first before PVOD being optimum for profits. However, I'm not sure the picture is completely clear regarding how much revenue Mulan has generated. I was looking into this the other day and as far as I could gather, Disney haven't officially released the streaming numbers yet.

It's a miracle.

There's no massive trades on the book yet today. The biggest I've seen is £105K @ 8:04 am, so the rise is likely being driven by retail investors.

Could be the IG article which was published at 10:30 am today. The start of the rise seems to coincide with it.

Apologies if this one has already been posted. This is quite a balanced article.

https://www.ig.com/uk/news-and-trade-ideas/cineworld-h1-earnings-preview-can-the-cinema-chain-recover-200922#information-banner-dismiss

I'm expecting them to be decent given the circumstances.

"Approximately 90 per cent of total Group revenues are generated through contracts where there is no direct revenue risk from changes in passenger demand" Go-Ahead said.

https://www.stockmarketwire.com/article/7090404/Go-Ahead-gets-new-contract-to-September-2021-as-UK-government-extends-rail-funding.html

Anyone know what today's RNS's were about and whether it is good or bad news?

50 to 60 p by results day.

It's quite clear that the government are happy to support this company through the crisis because they are providing a vital public service. The price is currently around 1/4 of its pre covid value and in normal times this company is a good growth stock. Happy to hold long term without too much worry.

Sounds like good news to me, but yet the share price is tanking along with the rest of the FTSE this morning. Looks like a massive FTSE sell off.

Fair point well made m00la.

Shame Disney didn't back their exhibition partners like Warner Brothers did.

The trading update looked pretty good considering the current climate. Why didn't this stock bounce on Friday? Looked like there was some unusually high volume into the close.

If only other countries had listened to the mad swedish doctor instead of ridiculing him.

“One source said of Professor Chris Whitty: 'He only has a medical brief so he doesn't really consider economic factors.’”

That sums his position up entirely. Why are we destroying our economy and wrecking people’s livelihoods. The economic damage will kill more than the virus in the long run.

The volume that went through on Friday was remarkably high. 1,130,323 compared to 80,780 the previous day. You have to go back to March, 31st for when a volume anywhere near that was traded - 842,834.

Massive amount of volume in the UT closing auction - 805,602. Plus the two large £1m trades you mentioned, each with a volume of 186,904. Looks like the price dropped to a sufficient level for a lot of pending limit orders to be completed.

Thanks for clearing that up, Hosai. In other words, it’s likely that the Cineworld pre covid market cap was higher than AMC’s because Cineworld had significantly better earnings than AMC in 2019.

I kind of see where you're coming from with the market cap comparison. However, for whatever reason (and I'm not familiar with how profitable and cash generative AMC were pre covid), the market has assigned a relatively higher market cap to Cineworld.

I guess the question we're asking, is why has AMC's market cap returned to near its pre covid level, whereas Cineworld's is currently nearly x4 times less than the pre covid level. That doesn't seem to stack up given that they're similarly placed businesses that both have significant levels of debt to service.