Cineworld Share Discussion Threads

[ramellous] 31/1/2020 13:34

Cine are just too expensive for movie tickets compared to Vue. I have vue and cine equal distance from me. I go to vue purely on price. Lots of others do too.

[nav_mike] 30/1/2020 08:27

Interesting....D1 Capital Partners who have the largest short position, reduced for the 1st time on 27.01

Have to see if that is a one off, or perhaps they think its now time to start closing

[seekthetech] 29/1/2020 11:46

What give me a ton of comfort is that our Israeli friends do not like losing money and the brothers have an awful lot of equity at stake. I reckon they are super confident in their strategy and financed the deals like a private equity firm would have done, to maximise leverage and thereby return on equity. I agree that cinema is not dead. I like going for the experience which is never the same at home not least because however good your home system there are always distractions like making a tea, checking your phone/tablet, having an irritating girlfriend demanding attention etc..I think this is one to double down on and watch the day the shorts start closing. And there is a good h1 slate of films to come

[williamcooper104] 23/1/2020 17:40

It's not that the Canadian acquisition is a bad one - I think it's probably great and they can drive synergies/cost savings But they ought to have not 100 percent debt financed it and they certainly should have not returned capital to shareholders a few months before levering up the balance sheet for the acquisition And going into a lean year on film releases is not the time to increase gearing My fear is that they end up trading like AMC

[tricky1992000] 23/1/2020 16:52

Netflix won't kill cinema, cinema will continue for a long time. What could kill this is corporate ego with expansion and building up debt, I should have sold when they announced the purchase of the Canadian cinemas. I now regret.

[sammu] 23/1/2020 09:55

Comparing now with 1970 is not useful. The world has changed a number of times.

[chiefbrody] 22/1/2020 19:48

UK cinema admissions 15odd million less than in 1970.Wowza. The population was practically half it is now lol.

[williamcooper104] 22/1/2020 19:44

V glad I bailed on cine

[philanderer] 22/1/2020 19:25

Highly rated 'Uncut Gems' at the cinema this week, showing on Netflix in nine days time. Has to be part of the problem.

[sammu] 21/1/2020 10:53

So there wasn't much streaming of film in 2010 but UK box office was at a similar level to now after, accounting for inflation, despite the significant use of streaming in 2019.

[cwa1] 20/1/2020 08:02

Might be weakness today judging by Investec's comment:-

CINEWORLD-Bearish article in FT, citing Netflix.AND Disney yoy decline..-3%

[williamcooper104] 17/1/2020 12:09

Can't help thinking that the return of capital was really stupid

[williamcooper104] 17/1/2020 12:06

The £193m in 1970 is around £3bn in today's money

[cwa1] 17/1/2020 11:52

Are things slightly less "worserer" than they might appear-in the UK at least?



UK cinema admissions and box office recovered from a slow start to record a strong final total for 2019, although total cinema-going and revenue fell slightly year-on-year, a trend which may continue into 2020 with less surefire hits due for release.

According to the UK’s cross-industry body Cinema First, which represents both the UK Cinema Association and the Film Distributors’ Asociation, total cinema admissions in 2019 passed 176 million, a 0.5% decrease on 2018’s 177 million. That number had been the highest since the 193 million in 1970 and makes 2019 the second biggest year by admissions for 49 years.

Box office revenue was also down slightly in 2019 from £1.277 billion in 2018 to £1.251 billion, a 2% decrease. This is still up by 26.6% on the £988 million of 2010.

[williamcooper104] 15/1/2020 20:16

I think they'll keep it reasonably main stream but only by massively investing - and all that investment is to stop income falling - it won't actually generate new revenue The imax with the reclining seats is good competition for Curry's 4K TVs

[rathean] 15/1/2020 13:15

Fair comment and I do believe there will be a space for Cinema but with Currys full of affordable 60 inch 4k TVs and films out on Netflix with other streaming services to follow, I see the cinema going experience becoming smaller and more niche imo dyor ofc.

[imranawan] 15/1/2020 12:56

Anyone still holding this?

[williamcooper104] 15/1/2020 10:08

Long term believer in cinema But also no longer holding CIne The ups and downs of movie releases are totally normal But the Increase in leverage and the fact that a consumer recession has to hit at some point make me v nervous (and the massive capex needs which are IMO mainly defensive) Fist bought into cine in the last recession when it yielded a c2x covered 10 percent Will buy back in when next recession hits

[rathean] 15/1/2020 09:08

Sold out this morning. I like the management but the headwinds are too strong, Netflix et al, lower consumer spending going forward and serious lack of quality films. Cinemas will still have its niche in the market but not a growth story imo dyor ofc.

[philanderer] 13/1/2020 12:11

Amazon Prime have tried it with 'The Report' , available now. Trailers were in the cinema last december. Good film.

[tricky1992000] 13/1/2020 11:43

When a great film is on, the cinema is still the place that people want to see it. Netflix shot themselves in the pocket with the Irishman.

[philanderer] 13/1/2020 10:26

'1917' .. definitely BAFTA and Oscar material