Cineworld Share Discussion Threads

[1happyinvestor] 16/9/2021 07:22

Jacknife
Is there a reason you divided actual uk box office for last weekend by a multiple of 10???
At c. 63% of 2019 comparitive I wouldn't describe it as "awful"

[deltalo] 16/9/2021 02:39

So with covid rates increasing, seat numbers are still going to be suppressed for the time being then. Need to get the 12 -17 age groups to be vaccinated now to help stop the spread of this deadly virus. Take-up is not moving fast enough. Sp will continue to fall as inflected number's continue rise imo.

[bingaxu] 15/9/2021 23:17

https://www.fool.co.uk/investing/2021/09/15/is-the-cineworld-share-price-heading-to-zero/

[peteret] 15/9/2021 22:33

Ah mister Bond we've been expecting you to bring in massive box office takings. Or it's a laser through your private parts.!!!

[peteret] 15/9/2021 22:29

Bond is going to be massive.Saw free guy the house was packed.Spoke to the manager who's is looking for more staff.

[srpactive] 15/9/2021 20:52

j09

With the company situation and industry as it is
at the moment, the negative argument has more power,
hence the share price weakness and posters.
It could change though if any good news is released,
both sides have their own view. At least the thread
is civil which is good.

dyor

active

[millenniallnvestor] 15/9/2021 11:01

ouch, will bond help recover the lost revenue? or will the debt drag cine to the gallows?

[john09] 15/9/2021 02:12

Never seen such a passive aggressive de-ramper

[lthtrust] 15/9/2021 01:35

1happy, I too expect September 2021 revenues to be above 45% of 2019's. After all August 2021 was around 50% of 2019's. Less than the 60% or more that Cineworld said was required in the base case scenario. It all depends on the Movies that the Studio's decide to show in the cinemas/theaters and the effect on demand caused by the spread of the new coronavirus variant(s) in the coming months.

[lthtrust] 15/9/2021 01:19

1happy the base case scenario is 90% of 2019 revenues by the end of 2021, this is to avoid the need to take on even more debt and for cineworld to stay afloat. Did you notice that cineworld borrowed another $200 million in July 2021 ? Did you also notice that the interest that cineworld are currently paying on the B1 term loan (maturity 2024, with a face value of $501.3 million as of 30th June 2021) is 7.0% plus 8.25% PIK.

[1happyinvestor] 14/9/2021 18:32

LTH Did you give us the percentage for previous week?
Maybe I missed that ;-)
I predict higher than 45% like for like month of September and higher still October onwards.
Lets see whom time proves correct :-)

[srpactive] 14/9/2021 13:35

mi

That is the question, quite right.

dyor a must.

active

[millenniallnvestor] 14/9/2021 13:34

Is it too little, too late??

Will cine ever make a profit again??

[srpactive] 14/9/2021 13:08

J

Okay thank you.

We just need L's excellent info updates to show this too
going forward, please keep us updated L.

Thank you from me.

dyor a must.

active

[john09] 14/9/2021 13:05

100% sold out for the whole first week as far as i can see

[srpactive] 13/9/2021 21:30

J

Thank you both, looks like over 65% of seats are gone.

dyor

active

[lthtrust] 13/9/2021 16:19

According to boxofficemojo the current estimates for last weekend's (September 10-12) US total box office are $62,123,348, this is around 45% of the equivalent 2019 weekend (2019 september 6-8). Less than the 60% (or more) that Cineworld's base case scenario requires.

[jubberjim] 11/9/2021 09:00

The news from Disney should give this a fillip on Monday but make the most of it if you can
I can only see more pain and very little gain in the months ahead

Covid is still rising and has to be brought into any calculation re investment

Good luck if you have managed to average down it won t last

[srpactive] 11/9/2021 07:15

Hopefully we can get listed in the US sooner rather than later.

Any thoughts from here, if cine decide to sell the UK arm
and concentrate on the US more?

The Chinese might be holding waiting for this.

Keeping posting all good info for all to digest and be aware
of the risks.

dyor

active

[ckafetz] 11/9/2021 02:14

All of Disney's 2021 movies to debut exclusively in cinemas

[lthtrust] 10/9/2021 23:01

What do you mean "it's worth noting that a large part of CINE debt is lease liabilities which should be manageable as revenue increases over time" ?
Lease liabilities and bank loans are both debt. As of June 2021 cineworld had $8,887.6 Million of financing activity liabilities. They also had $452.5 million cash in bank. They have since borrowed another $200 Millon. In the first 6 months of 2021 cineworld had finance expenses of $417.2 million, after finance income of $74.1 million, the net finance expenses were $343.1 Million. In the 2021 interim report it says "The finance expense of $417.2m (2020: $308.4m) predominantly relates to the charge in respect of the unwind of discount on lease liabilities which totaled $219.0m (2020: $164.2m) and the interest on bank loans and overdrafts which totaled $126.6m (2020: $72.9m)."
It also states in the 2021 interims "The Group’s forecasts and projections, taking account of reasonably possible changes in trading performance, show that the Group should be able to operate within the level of its current facilities for at least 12 months from the approval date of these interim consolidated financial statements. The Group’s weighted base case forecasts that no covenants will be breached during this period. However, the covenants are forecast to be breached at 30 June 2022 under the Group’s severe but plausible downside forecast. Details of the Directors’ assessment of Going Concern are set out in Note 1 to the Interim Financial Statements."
The question is are cineworld currently on track for the weighted base case scenario or the severe but plausible scenario ?

[jsg123] 10/9/2021 19:53

And it's worth noting that a large part of CINE debt is lease liabilities which should be manageable as revenue increases over time, and that box office takings for first 2 months of H2 are about equal to the entire H1 period which demonstrates recovery is very much under way.