Cineworld Share Discussion Threads

[bergster56] 09/3/2020 08:13

This is going bustSub 50p easy and we haven't even had the start of this crisis

[pione3r] 08/3/2020 22:51

Hope it goes up a bit. Time to short it to 50p

[bergster56] 08/3/2020 20:09

Also they say numbers in first two months like last year. Except covid panic kicked off here at the END of feb

[bergster56] 07/3/2020 08:16

It's also loss of revenue on ridiculously priced snacks

[pedr01] 06/3/2020 22:02

"To say no material impact of covid 19 is just wrong. How can there not be? I will not be going near a cinema until the outbreak is past peak"

.
.

Exactly ...

We last went about 2 weeks ago, and there was someone hacking away a few seats from us - Not good.

I mentioned the cinema yesterday, and she just gave me a funny look, so no we won't be going for a good while yet.

Mind you, we are unlimited members so those revenues are fairly safe but I wouldn't have thought they have had time to sign up a significant proportion of the US cinema goers to unlimited yet.

[bergster56] 06/3/2020 19:51

These are a buy again sub 50p which is more likely then not given the current market outlookAlmost as exposed as airlines

[bergster56] 06/3/2020 19:50

My analysis High levels of debt close to 3BFalling admissionsRecession to hit Who is going to pay exorbitant ticket prices in a recession007 delayed until Nov which a brief calculation, comes to a 200m revenue loss/delayA prefect storm for any company is falling revenue, huge levels of debt, loss of consumer confidence and growth by acquisition not organic

[bergster56] 06/3/2020 19:47

To say no material impact of covid 19 is just wrongHow can there not be?I will not be going near a cinema until the outbreak is past peak

[bergster56] 06/3/2020 19:46

Good decision to get out. I sold out at 195p

[bergster56] 06/3/2020 19:46

Not at all Way too expensive even now

[glenowen] 06/3/2020 15:18

I was fortunate enough to get out at 210p several months ago, before Coronavirus worries took over. Cineworld was, by fa the biggest holding in my portfolio but I sold out in its entirety. Reasoning was the vast level of debt taken on to satisfy the insatiable ambition of the directors. Why go for yet another major acquisition so soon after the massive Regal takeover??I thought the risks were far greater than the potential rewards, hence my bailing out.Good luck to whoever chooses to remain a shareholder, but, even at these relatively low levels, I think that Cineworld is still a high risk share.

[imranawan] 06/3/2020 14:10

Aren't directors barred from buying in advance of the publication of FY results. I thought they were unable to do so 1 month in advance of the publication of FY results.

[mister md] 06/3/2020 11:57

if there is nothing to worry about the directors will be scrambling to purchase huge quantities of shares, right ?

lets look at all the big director buys RNS over last couple of weeks

oh, hang on ... I don't see any

[philanderer] 06/3/2020 10:21

Cineworld was in the red again, having slumped 13% on Thursday, as it insisted that it had not seen any "material" impact on movie theatre admissions due to the coronavirus outbreak and that it had continued to see "good levels" of admission in all its territories. The shares were likely being hit by a downgrade to ‘neutral’; at Citi.

ADVFN

[onjohn] 06/3/2020 07:51

cant service that debt if admissions fall, only matter of time

[capercaillie] 06/3/2020 07:46

2019 ( Unaudited EBITDA ) $ 1032
2018 $ 925.4

[werethereisawill] 05/3/2020 17:59

Bond was always going to open late on 2020 since the departure of Danny Boyle
Now they plan to make it longer the longest bond ever
Movies are great if you are Cheeting or first dates ( divorces on the up )
Yes cinemas are always investing in new premium products but that because they can they have plenty of cash and the synergies are something else ! You’ve been told

[williamcooper104] 05/3/2020 13:55

Yep geared up via sale and leasebacks and financial debt Would love to buy higher up the capital structure

[williamcooper104] 05/3/2020 13:54

So right Divi will be suspended The issue is whether the capital structure allows cine to basically withstand a whole year of minimal revenue I would buy the EV but not the equity (or rather would want to understand a lot more about the capital structure/solvency) The debt is probably relatively covenant light But they've got to be able to make their lease and interest payments Capex can probably be turned of for 12 months

[williamcooper104] 05/3/2020 13:52

Looks like was plenty more room on the boat :)

[essentialinvestor] 05/3/2020 13:52

What about the net debt?, they appear to have geared up the balance sheet in
late cycle?.

[williamcooper104] 05/3/2020 13:50

That's one mega tank down It's tempting But would want to understand bank covenant/solvency risk better

[trt] 05/3/2020 13:35

Grabbed a few more at this level. Yield still very good.

[pedr01] 05/3/2020 12:22

Netflix itself isn't all that safe either with the advent of cheap Firesticks, VPNs and Kodi/Xanax etc ...