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AMC, Cinemark, Cineworld and Cineplex all having decent days today across the pond.

Have you got a link?

Price to Book Value Ratio of 0.22. Strong value buy indicator.

Five star movie. Tech heavy NASDAQ also seems to be in a downtrend this week. Investors gradually beginning to come out of big tech and back into value plays ahead of the recovery?

This is f****** unbelievable.

I’ve gone from £25K down to £6K up in the space of 48 hours. Special thank you to all the doom and gloom merchants who told me the business was at risk of imminent bankruptcy and encouraged me to sell at a £25K loss.

Putin's vaccine has arrived. He's even tested it on his daughter apparently! Big news.

https://www.cnbc.com/2020/08/11/russia-claims-to-have-registered-first-coronavirus-vaccine.html

pmsl. I love how you’ve gone from an arch deramper to one of the most prolific rampers on the board in the space of 48 hours, Casper. Bravo.

The Times, 10th August 2020

Cineworld a must-see as takeover tale grips City

“Cineworld shares enjoyed their best day in more than two months after a court ruling in the United States sparked renewed takeover speculation.”

“Late on Friday, a judge in New York agreed to terminate the Paramount Decrees — a set of competition rules introduced in the late 1940s that were designed to end Hollywood’s grip on the production, distribution and exhibition of blockbuster movies. The move means that, in theory, one of the big production houses could look to buy up cinemas. Cineworld runs more than 500 sites in the United States under the Regal brand, which it bought for £2.7 billion two years ago”

https://www.thetimes.co.uk/article/cineworld-a-must-see-as-takeover-tale-grips-city-zd9plv2hh

Sounds like another game changer.

I think it gets updated based on a FCA report that is generated every day. However, I think there is a few days delay in the short position disclosure process, so it might be later this week before any changes that took place today show up in the report.

£60K @ 56 p average. My current strategy is to take half out if it reaches £1.00. Might just leave it all in if things are looking good though. Don't mind staying in for a few years really if the company looks like it is going in the right direction. Despite the uncomfortable level of debt, the more I've learnt about Cineworld, the more I like it.

Agreed. Hosai has made that point a number of times over the past few weeks. It highlights how undervalued CINE currently is when compared to a very similar company in a very similar position. Massive amount of upside potential.

It is real it's in the Financial Calendar on the official Cineworld Investor Relations website.

https://www.cineworldplc.com/en/investors/financial-calendar

Interim Results now scheduled for 24th September. See Cineworld Financial Calendar.

https://www.cineworldplc.com/en/investors/financial-calendar

shorterguy is a software maker isn't he? Perhaps he developed the indepthwins negativity bot!

If that proves to be correct then it’s brilliant news. Hopefully shouldn’t be too long before the same starts to be observed across the pond in America.

US New Cases 7 Day Moving Average
-------------------------------------------------
25/07/2020: 69,190 Peak
05/08/2020: 55,490 Current -19.80%
---------------------------------
01/08/2020: 63,861
02/08/2020: 62,868 -1.55%
03/08/2020: 60,987 -2.99%
04/08/2020: 59,477 -2.48%
05/08/2020: 58,024 -2.44%
06/08/2020: 56,613 -2.43%
07/08/2020: 55,490 -1.98%

UK New Cases 7 Day Moving Average
-------------------------------------------------
16/04/2020: 4,919 Peak
05/08/2020: 832 Current -83.07%
-------------------------------
01/08/2020: 753
02/08/2020: 753 +0.00%
03/08/2020: 787 +4.52%
04/08/2020: 801 +1.78%
05/08/2020: 818 +2.12%
06/08/2020: 833 +1.83%
07/08/2020: 832 -0.12%

Attendance for the second quarter was only 100,000 because most of their cinemas were closed bud. A lot of the European sites are now open and most of their US sites are reopening in the coming weeks.

The same applies to Cineworld. It’s been tough over the past couple of weeks, but the recovery play is now on!

Very interesting. As others on here have previously mentioned, some of Cineworld’s lease liabilities are variable - if the cinema isn’t open and trading, the liability automatically reduces as per the contract. Additionally, I think we can expect to find that Mooky has taken similar measures to AMC and arranged for second quarter lease payments to be deferred. Sensible lenders and landlords know that the current situation is completely unprecedented and are likely to have been accommodating.

I don’t know that much about AMC but having listened to the earnings call and read through the transcript, I think they are in a similar position to Cineworld. It was mentioned that like CINE, they have sufficient cashflow to potentially remain closed into 2021, but then noted that a significant number of their sites are now open and generating revenue. I think we will see a similar interim results from Cineworld in the coming weeks and a similarly positive market reaction.

https://finanz.dk/amc-entertainment-holdings-amc-ceo-adam-aron-on-q2-2020-results-earnings-call-transcript/