I went last week and it was good to escape the world for nearly 2 hours.
No phone notification bliss
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Holding my breathâŚ
Hope your not still holding your breath
I donât think Cinemas are a dying industry, but their current business model is.
A few years ago some of the top Hollywood Directors were discussing the future of cinema presentation. They believed that the cost would increase dramatically and that the Cinema going experience would become more like going to the Theatre.
Places like the Everyman cinema in Liverpool are already looking to this future. With food and alcohol helping extend the time people spend in a cinema.
There will be changes to Cineworldâs business model but they wonât die. But they will need more investment to make it happen.
It also wouldnât surprise me to see the studios themselves start buying up the chains. While streaming is going to build, Cinema is still where the majority of the income comes.
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Going to cinema is a totally different experience to watching movies at home. I have a massive Sony A9 TV (still rated pretty much the best TV out there) and a high quality NAD Dolby surround system but the experience is nowhere near the same as at the cinema.
We just watched the recent Marvel movie on Disney+, it cost about ÂŁ22 to rent and while we enjoyed it, I am absolutely certain it would have been a better experience on the big screen.
We will be back to the cinema as a family soon and one of my sons went just a week ago with a friend.
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Over 7% shorted and new people taking notice of this stock now . Theyâll be getting nervous . But then again itâs Friday.
Today (so far) has been a welcome step in the right direction, even if itâs dropped back a bit againâŚ
Donât confuse 7% short with a buying signal of the back of the GME situation. The short position is taken by professional fund managers who have world class training, algorithmic trading bots & access to data retail investors simply do not have.
Cinema might not be dead (Iâm no cinema fan so not really in a position to comment) but the way they do business is. Theyâre loaded to the gills with over $8bn in debt and pre Covid when times were better they made $881m profit.
The people who stand to gain will be the ones who buys the prime assets after this folds and goes into C11 / Liquidation. If youâre holding Amazon or Disney then you might end up with some of these in the next 24 months.
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Even shorts sometimes get burnt . Just keeping this in my watch list , got a pound or two from ebang, and foresight to dabble with when the price is right.
I donât which side of this thesis to pick. On the one side I can definitely see chains like Everyman thriving as theatres have to add something to the experience to get people off sofas but thereâs nothing like even a basic cinema, at least for me as a cinema fan. And Iâm pretty sure people agree with me. Since they started lowering tickets in 2018 attendance did go up so not sure upping the price will be a total winner. They also stayed profitable despite this and higher debt. The age of the multiplex is probably over, but cinemas with one or two large screens for the occasional sell-out release and a bunch of smaller ones should be fine. Not sure what proportion of those Cineworld operates.
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Massively bullish for theatres imo. SVOD does not have the consolidation pressure of music, at some point people would rather just go to a theatre once a month rather than pay more for a subscription they will never use.
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I have a noob question, when I google Cineworld google shows me:
Cineworld Group plc at GBX 62.72
Freetrade shows Cineworlds price at ÂŁ0.6242
Why are these numbers not the same?
Iâd appreciate any info.
Thanks 
One shows pounds the other shows pence
The difference in price is just to do with what price they are showing at the close. Could be the bid, mid or ask, or even the last traded price.
When buying or selling Freetrade will always get you the best available price, if they are unable to do this they will reject the trade, so just keep trying until it goes through.
Welcome to the community too!
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In short, the numbers are the same.
GBx, which is what UK shares are normally displayed in, is pence. Gbp would be pound
Freetrade take the view that people understand prices in pounds better so display the decimal in ÂŁ0.00 rather than just showing shares in pence.
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oh I see, thanks for clarifying
Any news on Cineworld as shares on the up take this morning?
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They want to get some of that sweet sweet meme juice!
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Cineworld is the most shorted stock on the London market, meme stock incoming! Cineworld to the moon!
Please please please donât read this and think ⌠to the moon. A 7% short position from a wide variety of institutions is not exceptional , especially when you consider the headwinds that ÂŁCINE are facing. Theyâre carried bucket loads of debt and will need to drastically change parts of their business to make them selves profitable again.
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