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To repeat, Variety says:
After many delays over the course of a year and a half, “F9” opened to a mighty $70 million from 4,179 North American venues. That’s by far the biggest start for a movie at the U.S. box office, not just since the onset of COVID-19, but since 2019’s “Star Wars: The Rise of Skywalker.”
In short, F9 has done better than the last pre-pandemic BB.
And yet still we sink.
I am not asking for ÂŁ1.90 tomorrow but clearly America is ready to put money in Cineworld's coffers - that should mean something even the crazy world of share trading.
Thanks to Bonkers - and other quality posters you know who you are - for taking my concerns seriously.
I have been riding this roller coaster for a long time with a lot of my life involved.
Sorry if I come across as too hungry for tips.
I’ve never been locked so big into a share that’s being so strongly played. Grrrr.
I really thought F9 would at least staunch the bleeding.
If not whatever next?
All the banter and laughs on here is very good for the players but makes it very difficult for those of us seeking some hard information to find the relevant stuff.
Maybe it is time for some posters to switch over to DM and leave we LTH to seek some guidance from less amused minds.
Don't like to be a spoilsport but the best posts are appearing less and less often. Thanks.
That’s how I read it too
Surely will surpass the ÂŁ67m projections.
Yea please.
This is my 3rd time asking this question over the past month?
Went to my local Covent Garden Odeon yesterday to see F9 - place is always lowkey but currently looks like a funeral parlour. No razzmatazz. Not even any signs in front SCREAMING: WE ARE OPEN COME AND SEE F9.
Maybe nobody has any money for promotion but when you see the news coverage of 140,000 going to Silverstone and capacity crowds for Wimbledon - nobody is talking about movies!!!!
Too many people still don't know cinemas are open and that for now F9 is out there.
To finish on a happier note - I was at the 5 pm screening - at least when I came out there was a queue of some 20 people for the next screening.
In the battle between an extraordinary film like The Father and patent nonsense like Nobody, I have had to put my cinema cash on the side of Nobody, which drew a good audience and provoked many a laugh.
Whereas the poor Father, OMG, could you ever pick a worse film to try to remind people that it is good to go to the cinema? It would never appeal to the bulk of the cinema going audience. Indeed, it could easily be "enjoyed" at home.
Meanwhile, Nobody was prefaced by not one but TWO Vin Diesel clips promoting cinema generally, both very effective. Now if they could only put those on Netflix!!!!!
Great post B81.
Except problem is this 90% Delta variant came from India and not on a lorry from France with Camembert.
And it came while Johnson banned India’s neighbours.
That’s what rankles.
I return to this question which I posted a few days ago as I noted that various friends didn't know cinemas were open.
Also people are been commenting about sparsely attended screenings.
I am not going to argue stats but I think CINE and others have to get the message out that cinemas are open.
I think some people assume that cinemas are shut just as theatres and music gigs are - indeed I read more news about the problems of opening theatres than I do about cinemas actually being open.
We need to get buses driving around town blasting out the good news.
I live in the heart of London and circulate among some fairly well-informed people so I have been disappointed to hear this question almost every time I tell someone I have just seen a film:
Are Cinemas Open?
Even if my friends happened to be unusual idiots I begin to think that the chains including CINE have not got the message across clearly enough yet.
I know we have discussed the gap between AMC shares and CINE's but the latest movements leave me baffled again.
Here is one report less than a month ago, yet AMC soars.
Written By Crispus Nyaga on May 07, 2021, 08:12 BST
The Cineworld share price is in the spotlight today as investors digest the latest earnings by AMC Entertainment. CINE shares ended the day at 92.84p, which was 25% below its highest level this year.
What happened: Cineworld and AMC Holdings are the biggest theater companies in the world. The two companies were among the worst-affected stocks by the coronavirus pandemic. In most places, these companies have been forced to close their stores since they are considered non-essential businesses. Still, with the vaccination trend going on strongly, there is a possibility that these companies will have a strong recovery.
In a report on Thursday, AMC said that its net loss for the quarter was more than $567.2 million. This was a bigger loss than most analysts were expecting. The company made a revenue of more than $143 million, a 84% decline from the same quarter in 2020. This revenue came from the fact that the firm has already reopened most of its stores in the United States. It has also started to slowly reopen its European theatres.
London Leicester Square is looking good. Spoilt for choice. So how can this share be worth less than it was when cinemas were closed and before vaccines even started to kick in.
https://www.cineworld.co.uk/cinemas/london-leicester-square/8110#/buy-tickets-by-cinema?in-cinema=8110&at=2021-05-19&view-mode=list
Mooky did not even have a hat let alone produce any rabbits ?? so I guess he doesn’t have any.
No studio deals?
So we must wait for film punters to save us.
That’s a motley fool article. Ho
hum.
Ashes when was this FT article? You seem a bit vague on the content. Bit vague on everything.
Shares of AMC Entertainment Holdings Inc. bounced back Thursday, putting them on track to snap a long losing streak just before the movie theater operator releases quarterly results.
The stock AMC, 0.16% climbed 1.2% in midday trading, reversing an earlier intraday loss of as much as 2.2%. It had tumbled 20.3% amid a seven-session losing streak through Wednesday, the longest such streak since the 11-day stretch of losses ending Jan. 5.
Earlier this week, the company rescheduled its annual shareholder meeting at the last minute, to give its shareholders more time “to have their voices heard.” The new date for the meeting is July 29.
AMC is slated to reveal its first-quarter report after Thursday’s closing bell. The stock has gained on the day after the past five quarterly results, by an average of 7.1%.
The company is expected to report a first-quarter per-share loss that narrows to $1.40 from $19.99 a year ago, according to FactSet, as its theaters have been reopening with limited capacity as COVID-19 related restrictions have eased. The FactSet consensus for revenue is for an 84% decline to $148 million, in line with AMC’s guidance provided in late April.
Top summary, FI, especially the closing lines.
Let's sit back and review next weekend.
Hi FunInv - of course you are right to be cautious in some respects.
But the reality is that the NHS has moved from starting 45 year old to starting 40 year olds in just 2 weeks
So in 2 weeks time perhaps not ALL over 30s will be vaccinated but surely a major tranche.
My suggestion is that the next group they should prioritise is "cinema goers".
:-)
Alas, it collapsed the moment you wrote and lost its minor profit. Damn.
Still seems to be horribly manipulated.
Now to hope for next week - maybe a few boozy punters will stake their houses on CINE.
Thanks for all the excellent response, FI.
As I say, you are invariably good to read.
Indeed, I shall reread these last two now! :-)
Thanks for pitching in, LL. I am all for fun and games - with ladies, please - but I have finding that one threat a little long.
As for time to get out, if you don't want to hold for ÂŁ3 in a year or two - when we were at ÂŁ1.24 I lapsed into thinking for the 2nd or 3rd time that the cat was in the bag and we must go straight up to at least ÂŁ1.50.
Now it seems obvious it would have been better to top slice bit. And I think about doing that if it hits ÂŁ1.20 again this time.
But I am still looking for ÂŁ1.50 at least. If Mooky can hold out for ÂŁ1.90, who am I to quibble?
As for FunInvestor who is always good value, you mention no weekend results but I think it has clearly been a bumper weekend and surely we to presume that CINE took its proper % - perhaps even more than that.