Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
Shows the greed of people in those positions, they could have closed around or even sub 20p and still didn’t, hopefully they get burned for not closing
Could they deliberately push all the chains into administration and then buy them up for peanuts? Wouldn’t surprise me in this cut throat industry!
Most companies run with debt. Ford has $160b worth of debt, debt is only an issue if it’s badly managed or not generated for the good of the company, a large part of Cine debt is from building the company ie Regal purchase. The situation pre covid couldn’t have been that bad if they were in the process of buying another chain for over $2b. Covid has been the issue here and the selfish production companies that are going to damage their own long term profits by damaging the industry.
Annoying as couldn’t top up below 20p as couldn’t get trades through, have topped up a bit at 20p and taken average right down! Think Cine will survive long term and prosper next year
When it all shut down there’s no way anyone thought this would be over quickly
Looking at when all cinemas worldwide closed for months and there was no light at the end of the tunnel the price actually sat around 60p, yes the finances are an issue due to the deferred income but we are getting close to a vaccine announcement and the outlook for cinemas in 2021 is very good with pent up demand and blockbuster after blockbuster to be released meaning next year could be a very big year income wise. Will the price drop tomorrow? Sure it will, but I think anyone who’s on a loss need to think carefully before bailing as we’ve seen sharp drops and bounces on this stock before. Probably not going to be a pretty week but then maybe Mooky is trying to force the governments hand, they’ve pledged help for indie cinemas so he’s probably hoping the threat will extend that help to chains as well.
OMG! You are absolutely spot on!!! You are the only one that thinks that!!
Backpassage- There’s zero evidence that it spreads more in the winter as we haven’t had a winter of it in full circulation, so stop talking nonsense!
BBC reporting that GP’s in midlands have been told to be ready for mass rollout of vaccine as early as November, think the day a vaccine is confirmed we’ll see a massive jump across the markets especially service sector stocks like Cine.
@Kevc100 IMO there is likely to be a big jump across all markets particularly hospitality and travel on the day that the first covid vaccine is approved, that’s more then likely to be by the end of this year I would say. Cine stock would likely take a big jump with that as it’ll restore some confidence in the future of the business.
Hollywood unions have agreed a deal to reopen the rest of production. Think this is good news for cinemas as it’ll put studios under pressure to not delay films anymore otherwise they’ll face a backlog and massive competition for releases both on cinema and then vod and purchasing.
https://www.google.co.uk/amp/s/www.independent.co.uk/wires/us/hollywood-unions-studios-agree-rules-start-production-b521507.html%3famp
At the end of the day, as things stand if you haven’t sold then you haven’t lost anything unlike Shanus who sold for a big loss in the low 30’s, you still have the same amount of shares and the long term future of Cineworld is still pretty good. I’ve taken the opportunity to average down on a lot of shares, this drop isn’t Cineworld related, it’s market wide and worse for anything that would be effected by lockdowns. In the long run it’s just an opportunity to make more money!
Scottchegg that was believable up to the point that your claimed to have any friends, then it was all clearly lies.
Exactly! The UK only makes up around 15% of Cine income, the US is the by a long way the biggest and is continuing to open up.
I’ll call the village and let them know I’ve found their idiot.
Ashstash if you think the share price is only going to drop in the near term then it would make sense for you to sell and re-buy lower to make far more profit long term, I wonder why if you are so sure that you aren’t willing to do that?
1. You would need to believe the figures which are all guesses.
2. There’s only been one big film out this year so demand for a new blockbuster when there’s minimal on at the cinema should have been much higher.
3. There’s no second bite at the cherry, normally films go cinema then vod meaning two sources of income for the film, this only has the one.
4. If multiple films go to vod then competition means people won’t fork out cash for multiple films.
5. Unlike cinema where people need to plan a time to go, vod can be done straight away so will likely tail off quickly as most who want to pay for it will have done so.
I’m sure it hasn’t been a flop but I’m also sure if they had done a short run in the cinemas followed by vod they would have made more money.
It’s like how every time I see dentist they don’t have any teeth because wearing a mask all day makes their teeth fall out......oh wait maybe they all have good teeth! Congratulations though on posting the dumbest thing on the internet today!!
Pretty much irrelevant how long it takes to give 7.5 billion people two doses, once you have widely vaccinated the most vulnerable which is a fraction of the population then everyone else will just have to suck it up until it’s their turn, by 2023 most people who haven’t been vaccinated will have had it anyway.