Member Info for thegame316

The interest ws only around $162M. The rest was lease interest which was moved from depreciation to finanical bit. If you look closely EBITDAX went from $1bn to $1.5bn as a result so this cancelled out the additonal interest expense. Bottom line is $3.6bn debt and around $200m per year interest on that

Demand for tickets is strong. We are 2 days away from 31st and already many shows have sold over 20 tickets which can only go up. The only issue is when the US cinemas will open as they have already delayed it twice so until the opening day is confirmed the sp will suffer. But this is still a business that can make money even in these times and the sp will eventually reflect this. Just need to have nreves of steel and wait it out

Pre Covid, free cash flow was well over $1bn a year, interest on bank loans was under $200M. Net debt was being reduced and around $500M a year was being paid out in dividends.
Even with reduced capacity CINE will easily be able to cover the interest payments just from 100% openings in UK and ROW and a fraction of the US market. Fair enough there is not enough going around for a dividend but no one is buying in for that. There is no issue of CINE defaulting on debt short term unless they remain closed until well into 2021 which is not going to happen

Indepthwins- I cant be bothered to explain it, its already been said by RS2002, do you even listen to what anyone else says or are you one of those people who think they have all the answers. Just a simple request from me and everyone else. You have said what you have wanted to say, so unless you have anythng new to add can you stop clogging up this board. It is getting beyond a joke now.

Grimrip44- Never try to get a rational explanation from someone who keeps repeating the same thing despite being called out on it. Just imagine having this sort of convrsation with someone face to face. You would either bang your head on the wall in frustration or end up taking a swing lol. Better to just ignore. The fact is what it is. Net debt is 3.6bn, a nobody on a BB forum cant change this

Just go on to Odeon and Showcase website, check for your local cinema or any random one that is open and see how many tickets have been sold for each show. That will show you there is no fear in the general public and that people will continue to go watch movies on the big screen....end of story

Ive got figure of 56,130 and 451 deaths for 26 July. Either way it is around 20% drop in cases over the last 2 week average and 50% drop in daily deaths over the same time peroid. As long as the trend continues going down then its all to play for. Back in June when the sp hit £1 the daily cases were under 30K but deaths were anything from 300-1000. So obviously its the daily cases number that will have an effect on the sp and this is looking like it will now go down as it has been on a plateau for the last 2 weeks.
This has been a rollercoaster ride for sure but the only way now is up.

This week will be the last week of uncertainty. From tomorrow we will be able to see how much demand there is in the UK market for Cineworld cinemas. Based on what Showcase and Odeon ticket sales are on old movies I think shareholders will be in for a pleasant surprise as there is strong demand for cinema even in the current climate.
Secondly the US situation is as bad as it can get. Daily cases are around 60-80k and have been around this number for the last 2 weeks so can only go down from this barring a catastrophe. There is still another 2 weeks to go until US cinemas open. At worst some of the key states may still be closed but even if half of CINE cinemas in the US are open for business by mid-aug, this along with UK and the ROW cinemas will be enough to push the sp up. The current sp is now way the correct value for CINE. Even running at half capacity the sp should be around £1.50.
on average a cinema needs to sell 16% each show to breakeven so even at 50% capacity there is still potential to generate positive cash flow and in the current climate that is all that is needed

As is the ROW for CINE. So they will still have some cash flow coming in. And the delay for US isn't months its only 2 weeks so the drop today is just a knee jerk reaction. Medium term this is still on course to hit £1.50-£2 as long as the pandemic does not get worse. US cases have plateaued around the 60k-70k daily rate so once this figure starts to go down then the sp will react positively. More importantly its not the whole of the US that is witnessing this surge in the second wave. A lot of states are stable so as long as they remain infection free then around 60-70% of cinemas in america will be open for business in mid-aug, Just need to wait this out and not panic. CINE are fully funded to the end of the year so there are no issues regarding further fund raises.

May even see a 3-5% rise today at this rate....

Sp seems to be regaing losses and rapidly too I hasten to add. May even finish in the blue today at this rate. Seems like the people who wanted to get out have now done so and its onwards and upwards once again. I am certain it will now go back to the daily 3-5% rises that was the norm a week ago.
The market is irrational but it cannot be irrational for too long. If all the financial indicators are positive then this will eventually be recognised via the mcap.

"As we look to the coming financial year, we anticipate making further progress, with increased consumer marketing investment planned. Revenues in the first quarter of FY20/21 are expected to be approximately 20% ahead of the same quarter a year ago reflecting continued strong demand for the Group's product ranges, particularly in our Grocery business. Consequently, we expect to exceed current expectations for FY20/21 Revenue and Trading profit despite incurring some additional operating costs in our supply chain. Our options for cash deployment and capital allocation will improve as a result of expected further Net debt reduction in FY20/21."

If the next trading update expected at the end of the month confirms growth of 20% then it will transform the sp. Will easily go over £1 and from there the skys the limit.

This is the main reason why the sp has gone down in the last 48 hours. The sp has risen considerably over the last few weeks hence people that have been in for a long time are now deciding that they would rather bank profits this time around. Fair enough but the fundamentals have not changed here. Compared to 6 years ago when sales and profits were falling and debt was increasing it is now the opposite.
Sales are increasing and have been for the last 11 quarters especially Mr Kiplings which alone has been phenomenal. Profits are at on all time high and debt is being reduced rapidly which means considerbly less interest to pay which means higher profits later on. Alongside this the pensions agreement that has just been signed means less funding will be required for the pension scheme which agains means more bottom line profit later.
The future here looks good. If people are going to get spooked by a 10% fall over 2 days when previously the sp has doubled in about 2 months then they need to sit back and do their research and make a decision on whetever the current sp is the correct value or if it will eventually correct itself to £2 which is achievable by the end of the year if not sooner.

retrace was to be expected. The sp can't keep rising everyday. Most of the people invested here including long timers are in profit so expect some to sell out or top slice. BUT the basic fundamentals have not changed. This is still going to go up in the medium term (1-3 months) and should be £2 by the end of the year.

Just had a quick check and the last 3 ratings done by Berenberg (CEY, PHP and AVON) have all hit their targets. The ratings were released in April so obviously this broker knows more than the common investor. It's the oldest merchant bank in the world. You don't last that long unless you are good at what you do. Plus the news today is excellent. 3 tests mean 3 times the revenue.

Just had a quick check and the last 3 ratings done by Berenberg (CEY, PHP and AVON) have all hit their targets. The ratings were released in April so obviously this broker knows more than the conman investor. It's the oldest merchant bank in the world. You don't last that long unless you are good at what you do. Plus the news today is excellent. 3 tests mean 3 times the revenue.

It's not start of production that will cause the sp to multibag but news of funding and that is not affected by the weather. As per the last rns funding should be secured soon. This can mean 2 days or 3 months but highly doubt it will take 7 months.

Even if the US market doesn't fully reopen. You have to remember that this second covid wave isn't affecting the whole of the US. Fair enough the places that have been affected are major markets but there even if half the cinemas open in america on 31/07 that is good enough. Couple that with the UK market which is definitely on course to open then the future doesn't look too bad. Tenet will cause demand to go up significantly from present levels and CINE will benefit from this. Imagine in August if an RNS is released saying they have had better footfall then expected or better yet if they have sold out x amount of shows. The sp is about as low as it can get. Just need to keep hold of nerves and wait this out.

Definitely can pass 20p when mining starts if what is stated on the DFS is even half true. The only thing stopping the sp from rising is news of funding and what kind of terms the bod agree to. If the terms are favourable then the skys the limit as far as the sp goes

because it is seriously undervalued. annual profits of around £130M and growing but mcap of only £700M. Do the maths lol