Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Taken from The Times it states. Seems like a reprint of last weeks nonsense
Announcement is expected early afternoon in the commons and then an afternoon/evening announcement repeating the info
Anyone got ahold of their earnings report today? The SP is up 5% so assuming better than expected.
Seems a reporting error. Showing at £1.30 now
Regardless of the decision on Monday whether April open or later, he fact we will have a road map out of lockdown will confirm clear progress and an ending in sight to get the business back up and running. Onwards and upwards imo
New York Gov. Andrew Cuomo Wednesday set reopening dates for amusement parks, indoor family recreation centers and summer camps — the latest venues to get a nod as movie theaters in the city remain shuttered. That’s despite Manhattan having the lowest Covid-19 infection rate in New York — 2.5%, confirmed at the governor’s press briefing today — and the fact that zero cases of the virus have been reported from theaters in the rest of the state or anywhere else they’ve been open with strict health and safety protocols.
Cuomo said the the state’s seven-day average positivity rate was down for the 40th straight day on Wednesday at 3.66%.
Dr Anthony Fauci, America's top infectious disease expert, said he believes the public may be able to get back to below capacity cinemas and indoor dining "somewhere between the fall and the end of the year".
Something much closer to life before the pandemic would likely be "by the end of the year, by Christmas," he said, noting that people may still have to wear masks.
But he added that highly contagious variants could increase cases and interfere with the timeline.
Earlier this week, President Joe Biden set a Christmas target for a possible return to normal life.
Amazon I believe will buy AMC for central distribution centres and not for the initial reasoning people think. Prime locations. Could leave cine as the main movie theatre chain
We will go up also on this news. France forbes business is reporting this
Individuals who cannot master their emotions are ill-suited to profit from the investment process
Personally feel this is more in line with economy expectations. Furlough ends in April, New financial year, cases expected to be less than 1k per day by early April. Now vaccinations groups are being completed death rates are expected to drop significantly. Just my opinion...
Internal plans in Whitehall suggest a rapid reopening of the economy in the weeks after pupils return to classrooms on 8 March, Sky News understands.
Whitehall officials have drawn up a timetable to help work out internal plans to roll out the government's planned mass COVID testing regime.
This suggests a desire to reopen rapidly in the weeks after schools readmit most children next month.
The blueprint suggests that students in higher education and further education could be back in mid-April, and non-essential shops will reopen at the same time.
Then, in late April, hospitality venues, hotels, leisure facilities and some sporting venues will open their doors.
Entertainment venues and sporting facilities would follow in early May.
https://www.investorschronicle.co.uk/news/2021/02/17/the-phantom-of-the-cinema/
The boss of cinema technology firm IMAX Corp (NYSE:IMAX), Rich Gelfond, has said a record performance for its business at the Chinese box office over the Lunar New Year holiday foreshadows pent-up demand for films by movie-goers across the world. Gelfond told CNBC that people are “going to run to go to the movies” once lockdown restrictions are lifted across various countries. READ: AMC rockets as it becomes latest beneficiary of GameStop short squeeze The CEO’s assessment came after IMAX reported its best-ever opening weekend for the Chinese New Year holiday, grossing US$25mln through to February 14, 45% higher than the same period a year ago. The record figure also came despite ongoing cinema capacity limitations of at least 75% across China, with last Friday marking the first time IMAX recorded more than 1mln admissions in a single day in any of its markets. "Given our recent success at the Chinese box office we suspected our fans would turn out for Chinese New Year in a big way, but these early returns have blown away even our most optimistic projections. With record-breaking box office, strong market share, and multiple releases Filmed In IMAX, this is an important milestone on our road to recovery at the global box office and our long, successful history in China", Gelfond said in the announcement on Sunday. The boom in cinema attendance in China, which has rolled back most of its restrictions to contain the coronavirus (COVID-19), may bring some hope to other large cinema chains such as Cineworld Group PLC (LON:CINE) and AMC Entertainment Holdings Inc (NYSE:AMC), which are currently struggling for survival as most of their theatres across the UK and the US remained closed due to the pandemic. Shares in IMAX were flat at US$19.85 in pre-market trading in New York on Wednesday.
Across the pond, President Joe Biden has set expectations for when he hopes all adults will have been offered a jab.
He expects everyone who wants a jab to have had one before August, by which time his administration will have secured enough shots to inoculate all Americans.
But Mr Biden also warned that the recovery from the pandemic that has killed more than 485,000 people in the United States would still take many months and urged people to wear masks, maintain social distance and wash hands for the foreseeable future.
Asked when things will return to some form of normality, Mr Biden said: "By next Christmas, we'll be in a very different circumstance."
Mr Biden also voiced his hopes for teachers to be moved up the priority list.
U.K. Prime Minister Boris Johnson’s hopes of entertainment venues benefiting from rapid testing when the country begins to reopen after coronavirus lockdown is not practical, at least for cinemas, says U.K. Cinema Association chief executive Phil Clapp.
On Monday, during a coronavirus briefing, Johnson had suggested the rapid lateral flow tests, in combination with the ongoing vaccination process, could reach “those parts of the economy we couldn’t get open last year,” referring to nightclubs and theaters.
On Tuesday, speaking to the BBC “World at One” news program, Clapp, whose association represents 90% of U.K. cinemas, said that they are not aware of any U.K. cinemas that are exploring rapid testing. “We believe that cinemas offer a materially different environment than nightclubs and music venues, which are the examples cited,” Clapp said. Practically speaking, cinema customers are expected to wait 30 minutes for test results and each test costs around £4 ($5.55), per person Clapp said.
“So, if you’re talking about an audience of maybe 250 people, I think we believe that asking them to wait 30 minutes before seeing a two-hour film is impractical, and also asking them to pay what equates in most cases to a 50% uplift on their ticket price, isn’t really the way forward,” Clapp said.
Cinemas had proven their ability with the safeguards in place, including sanitization, social distancing and face covering, before the lockdown, Clapp said, also pointing out that not a single case of coronavirus in the U.K. had been traced back to cinemas.
Johnson’s words were echoed on Wednesday by U.K. vaccines minister Nadhim Zahawi. “We believe that cinemas can operate safely without the need for vaccine passports, or the need for rapid testing as the minister seems to have suggested,” Clapp said. Regarding customers carrying proof of vaccination to enter cinemas, Clapp said that there could be a host of people who have not been vaccinated due to a number of reasons and denying them entry could leave cinemas open to charges of discrimination.
Clapp, like the rest of the U.K., is waiting for Feb. 22, when Johnson is expected to reveal his roadmap for easing the current lockdown, and hopes that cinemas will begin reopening by April. Clapp is confident that once cinemas reopen, the big films will “drive people back off their sofas, in front of the big screen.”
Every adult in the UK could receive both doses of a coronavirus vaccine by August or September "or maybe sooner if we need to", the head of the UK's vaccine taskforce has told Sky News.
Clive Dix, who runs the body which identifies and buys vaccines on behalf of the UK government, said he was sure there would not be any supply problems.
Asked if vaccine supply would arrive at the rate promised over the next three to six months, he replied: "Yes, definitely.
"We are confident within the vaccine taskforce now that the supply we're going to get will take to us to a position where we can vaccinate as many people as the UK wants to vaccinate."
Pressed if this meant the vaccine taskforce was confident every adult would get two jabs, Mr Dix told Sky News: "We're probably talking August time or September time all done, maybe sooner if we need to."
Exhibition stocks, paced by Imax, are moving higher as investors react to explosive weekend box office in China and a belief that Stateside theaters may soon see a similar release of pent-up demand.
Imax shares rose 6% to $19.81 in the early hours of trading. AMC gained almost 3% to $5.78. Cinemark and leading in-theater ad firm National CineMedia each climbed more than 3%. Marcus Corp. was up a fraction, while Reading International perked up 2%. On the London Stock Exchange, Regal parent CineWorld was up more than 1% in the final minutes of trading.
While the Chinese New Year period is always a high point for box office in the region, the powerful opening of Detective Chinatown 3 sent shockwaves around the world. The film’s $397 million debut surpassed that of Avengers: Endgame to become the biggest in any single market of all time. Imax also had a record-setting Chinese New Year opening weekend of $25 million, up 45% from 2019. (Theaters in China were shuttered last year at this time.)
The figure is now between 0.7 and 0.9, according to the latest estimate.
Of course not, their intelligence combined couldn't figure out how to short a share. Hence my repeated challenges to them both, if you read my post history this clarifies that. Moving on.....