28 reviews of Cineworld "For most of the year Cineworld at Fountainpark is one of Edinburgh's soulless multiplexes. If you’re aiming to get your finances on track and you’re in or near retirement, then here’s your chance to claim a FREE copy of an exceptional investing report featuring 5 stocks that The Motley Fool UK is expressly recommending for INVESTORS aged 50 and OVER to consider investing in! Alan Oscroft has no position in any of the shares mentioned. All rights reserved. 2020 stock market crash: 2 of the best UK shares I’d buy in a Stocks and Shares ISA, Stock market crash: 3 UK shares I think could help me get rich and retire early, UK: Freelance Credit Card / Personal Finance Writer, A Top Small-Cap Stock from The Motley Fool UK. You should not invest any money you can’t afford to lose and should not rely on any dividend income to meet your living expenses. Net profit after tax was £180m, around a quarter of market valuation. Cineworld wants to claim that it was the delay in releasing the new James Bond film that has forced it to close its doors indefinitely (see page 7). The obvious argument suggests that indebted Cineworld can not survive such a crisis. And so we turn to NED Helen Weir. ... it’s likely that Cineworld is going to 0p. Here’s your chance to discover exactly what has got our Motley Fool UK analyst all fired up about this ‘pure-play’ online business (yes, despite the pandemic!). Unfortunately, I have to visit here on the odd occasion as my beloved Cameo and Filmhouse don't have 3-D viewing facilities. For some, it’s an important part of the dating ritual. Click here for The Motley Fool UK’s resources on Coronavirus and the market. It's not often that three companies all warn on the same day they could go bust . Click here for The Motley Fool UK’s resources on Coronavirus and the market. Unfortunately, I have to visit here on the odd occasion as my beloved Cameo and Filmhouse don't have 3-D viewing facilities. But four out of 10 said they "are very likely to close" in the near future, according to the China Film Association survey. If it survives it will go up, but it has crazy debt aswell. Lenders are likely to be more adjusting at this time than others. I have a position but I am prepared to take the risk of losing money if they go bust. Exchange rate charges may adversely affect the value of shares in sterling terms, and you could lose money in sterling even if the stock rises in the currency of origin. Never going in Odeon or Cineworld again. The Motley Fool Ltd is an appointed representative of Richdale Brokers & Financial Services Ltd who are authorised and regulated by the FCA (FRN: 422737). A Top Share with Enormous Growth Potential, Savvy investors like you won’t want to miss out on this timely opportunity…. Although higher ranking universities with larger international student populations are facing the largest drop in income, it is the least prestigious institutions that are most at risk. About Us  |  Contact Us  |  Fool Careers | The Fool UK Team  |  Legal Information  |  Disclaimer & Disclosure  |  Privacy & Cookie Statement  | GDPR | Terms & Conditions  |  Site Map. Cineworld has warned that it could collapse due to coronavirus – sending shares slumping to their lowest level for more than a decade. We do not provide personal advice neither will we arrange any product on your behalf. You should not invest any money you can’t afford to lose and should not rely on any dividend income to meet your living expenses. Cineworld Share Chat. Shareholders of record on Thursday, April 9th will be given a dividend of GBX 0.04 per share on Friday, May 1st. The renowned analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW. And right now, we're giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Simply enter your email address below to discover how you can take advantage of this. I would like to receive emails from you about product information and offers from The Fool and its business partners. The firm’s outlook was bleak even before the outbreak of the virus. That was down from $3.7bn a year previously, and from $4.0bn at the time of the Regal acquisition in February 2018. This week, the Institute for Fiscal Studies warned that 13 out of 165 UK universities faced ‘a very real prospect’ of insolvency. This week, the Institute for Fiscal Studies warned that 13 out of 165 UK universities faced ‘a very real prospect’ of insolvency. It should be noted that a company “failing” or closing down is not the same thing as one going bust. Posted on Tuesday, July 14th, 2020. Cineworld is considering plans to temporarily close all of its UK theatres in the coming weeks. We mainly saw re-runs of classics plus Tenet. It doesn’t pay for films until they are shown, for example. We forecast another year of cash burn,exiting FY21 with 5.2x ND/normalised EBITDA' Lengthy report but nothing positive on Cineworld. VAT Number: 188035783. It’s too hard to put an accurate long-term valuation on the Cineworld share price. Thousands of jobs at risk after Cineworld's 'catastrophic' closure. One of the tickets is for an adult and I've entered a CEA card number meaning one of the adults go free. I go to Cineworld for the 3D Imax experience. This is sad news. Unsurprisingly, media headlines related to Cineworld were full of woe. I really can see the fears investors faced when they looked at all of that. That will have led to a lot of income investors dumping the stock, and moving to more sustainable yields. Today - Morgan Stanley Underweight lower PT now 40p from 45p. On the other hand, if words spoken by Greidinger are right, then shares are at a bargain basement price. So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…. And some of the bearishness will have come from fears of increasing competition from streaming services. Cinema is not like shopping, it’s a social pursuit. Chat About CINE Shares - Stock Quote, Charts, Trade History, Share Chat, Financial Terms Glossary. But it was necessary, as Cineworld is among the companies whose businesses were totally halted. Braehead shopping centre owner Intu has warned it could go bust if it cannot raise further funds as it slumped to a £2 billion annual loss. I have a position but I am prepared to take the risk of losing money if they go bust. Cineworld Group plc (CINE.L) announced a dividend on Thursday, March 12th. This little-known State Pension rule change could halve your retirement income overnight, 4 things within your control that can make or break your retirement dreams, Free Report: 5 Stocks For Trying To Build Wealth After 50, No savings at 40? But for a risky punt that could pay off handsomely, Cineworld shares seem enticing. And that, if ever I saw one, was a stock priced to go bust. Each of these emails will provide a link to unsubscribe from future emails. About Us  |  Contact Us  |  Fool Careers | The Fool UK Team  |  Legal Information  |  Disclaimer & Disclosure  |  Privacy & Cookie Statement  | GDPR | Terms & Conditions  |  Site Map. The takeaway Over the last month, Cineworld shares have lost two-thirds of their value, and almost three-quarters of their value this year. Studios are going to fuck over themselves by releasing nothing, I can fully understand the rage that cineworld bosses have … The shares had been struggling even before the Covid-19 crisis struck, losing 74% from a peak in April 2019. With Debenhams going into administration, Office going up for sale and Laura Ashley closing 70 stores, we asked consumer expert Martyn James to take a look at your rights Prior to the slump, Cineworld shares had been trading on price-to-earnings multiples of around 35. Audio Described and Subtitled performances are going ahead as usual and Autism Friendly Screenings have also resumed Accessible toilet facilities at all of our cinemas are open for customer use Our staff are aware that some disabilities will exempt customers from wearing a … We mainly saw re-runs of classics plus Tenet. I’d avoid Marks & Spencer shares and buy this AIM growth share instead, UK shares: 2 stocks I’d buy for 2021 and beyond. Any opinions expressed are the opinions of the author only. But still potentially devastating. The company’s balance sheet wasn’t looking too safe either. Cineworld might not open by then. And planned further relaxation of the UK’s strict lockdown rules give hope for the business opening again here. Please refer to FOS and FSCS for up-to-date information, including eligibility criteria. It is very weird that Cineworld haven't made more of an effort to get films in. I've been to Showcase a few times in lockdown and a busy Cineworld in a seaside resort. And by mid-afternoon Wednesday, we’re looking at a further 15%. For me though if a film is worth watching in the cinema its worth the full cinema experience so despite the fact that for me: Cineworld is more than twice the distance away from me as the Vue and i can actually go to the Vue for free i always go to Cineworld and would never go back to Vue. If you require any personal advice or personal recommendation, please speak to an independent qualified financial adviser. This little-known State Pension rule change could halve your retirement income overnight, 4 things within your control that can make or break your retirement dreams, Free Report: 5 Stocks For Trying To Build Wealth After 50, No savings at 40? 2 UK dividend shares I’d buy in my Stocks and Shares ISA and hold forever! To get the full research report for FREE, simply click the button below to get the full details sent straight to your inbox. My nearest Vue which is about a 40 min drive only charges £5 all the time, we go there if possible. Let’s conquer your financial goals together… faster! VAT Number: 188035783. My local cineworld charges around £13 for a peak 2d ticket and its only about £1 cheaper on weekday afternoons when they are usually very quiet anyway. Obviously there haven't been any for a while, but we've been doing this with DC for a year or so and it had just become pur thing. At the depths of its crisis, in mid-March, the Cineworld share price had crashed by 90% year-to-date. On the other hand, if words spoken by Greidinger are right, then shares are at a bargain basement price. If they do survive and cinemas open I can see it doubling even tripling in value in the medium term. Use promo code FIN100-ML today and enjoy up to 100 free trades within your first three months! Although higher ranking universities with larger international student populations are facing the largest drop in income, it is the least prestigious institutions that are most at risk. And that, if ever I saw one, was a stock priced to go bust. 28 reviews of Cineworld "For most of the year Cineworld at Fountainpark is one of Edinburgh's soulless multiplexes. Past 10 years 17 percent of theaters was the average occupancy we wont have less now, in fact :) the inner motivation to get out move out of a lockown feel free amd normal again will show a larger number in my opinion and eill be raded. 23 November 2020 Sky News reports that Cineworld has secured a £552m ($750m)... Read more. The Motley Fool Ltd is an appointed representative of Richdale Brokers & Financial Services Ltd who are authorised and regulated by the FCA (FRN: 422737). In the good times it has racked up vast debts and now we are all self isolating and its movie theatres are empty. Moreover, I think we need to keep in mind Cineworld is the second largest cinema chain in the world today. I’d drip feed £500 a month into UK shares in an ISA to retire in comfort. "Cineworld has put in place procedures to ensure a safe and enjoyable cinema experience for its employees and customers." The value of stocks and shares and any dividend income, may fall as well as rise, and is not guaranteed so you may get back less than you invested. Absolutely awful for the staff if it happens, hopefully there will be a solution in place to avoid this. Cineworld, Intu and Finablr all raise doubts about own survival. There are two ways of looking at Cineworld (LSE:CINE). Watch a huge range of the latest films in comfortable screens in digital 2D, 3D, IMAX, 4DX or VIP in selected cinemas. 2020 stock market crash: 2 of the best UK shares I’d buy in a Stocks and Shares ISA, Stock market crash: 3 UK shares I think could help me get rich and retire early, UK: Freelance Credit Card / Personal Finance Writer, A Top Small-Cap Stock from The Motley Fool UK. I'm sure you'll agree that's quite the statement from Motley Fool Co-Founder Tom Gardner. Michael Baxter | Friday, 13th March, 2020 | More on: CINE. Since the coronavirus struck, Cineworld has suspended its dividend, along with many others in the market. Cineworld bosses announced on the eve of Italy’s lockdown that if the US or UK were to impose the same shelter-in-place social distancing measures, the company could go bust inside three months. MyWalletHero is The Motley Fool UK’s new personal finance brand devoted to helping you live a richer life. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. If it survives it will go up, but it has crazy debt aswell. That’s a good start. The People's Bank of China and the CBIRC took over the Inner Mongolia-based bank last May citing its "serious credit risks." These prices are just rubbing shit in my face. ... One such company is Cineworld (LSE: CINE), the second largest cinema chain globally. Any performance statistics that do not adjust for exchange rate changes are likely to result in inaccurate real returns for sterling-based UK investors. My local one has gone to the back catalogue to show all the Rocky films, Empire Strikes Back and the 3 Back to the Futures. Moves to reopen cinemas in the US were already underway. Here’s your chance to discover exactly what has got our Motley Fool UK analyst team all revved up about this ‘pure-play’ online business (yes, despite the COVID pandemic!). Full-year results delivered in March had revealed $3.5bn in net debt. Cineworld Group plc (CINE.L) announced a dividend on Thursday, March 12th. On 7 April, the firm told us that “The group’s entire estate of 787 cinemas in 10 countries has been closed as a result of COVID-19“. Any performance statistics that do not adjust for exchange rate changes are likely to result in inaccurate real returns for sterling-based UK investors. @Zeropoint1 In Hull, we have a choice of four cinemas, Vue, Odeon Luxe, Reel and Cineworld, and the only one I've never been to neither in Hull nor anywhere else is Cineworld. Find an investing service that’s right for you! If Cineworld goes bust, then any P/E ratio is too high. While COVID-19 may have thrown the company a curveball, management have acted swiftly to ensure this business is as well placed as it can be to ride out the current period of uncertainty… in fact, our analyst believes it should come roaring back to life, just as soon as normal economic activity resumes. This represents a yield of 5.03%. Cineworld wants to claim that it was the delay in releasing the new James Bond film that has forced it to close its doors indefinitely (see page 7). But its capital-light, highly scalable business model has previously helped it deliver consistently high sales, astounding near-70% margins, and rising shareholder returns … in fact, in 2019 it returned a whopping £150m+ to shareholders in dividends and buybacks! His family’s fortune is closed linked to the performance of the company he leads. Registered in England & Wales. I’d drip feed £500 a month into UK shares in an ISA to retire in comfort. I don’t think it’s about to go bust in a hurry, especially at a time when it has been hurt for no fault of its own. ... Revolution Bars 'could go bust' as new Covid-19 rules come into force. I think a lot of the recent stagnation in the Cineworld share price has simply been a needed correction. Cineworld announced on Tuesday it was closing all its cinemas across the UK and Ireland due to the coronavirus pandemic - causing pay cuts of up to 60 per cent and scores of redundancies. In this capacity we are permitted to act as a credit-broker, not a lender, for consumer credit products. ... Cineworld eye up a CVA. And if you click here we’ll show you something that could be key to unlocking 5G’s full potential... Cineworld is the world’s second-largest cinema chain. Cineworld has closed its UK cinemas temporarily – here's what you need to know about what's happening to booked tickets, memberships and more. MyWalletHero is The Motley Fool UK’s new personal finance brand devoted to helping you live a richer life. view Cineworld Group PLC Who's going bust? More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. I've been looking every week to see what's on, as if we don't go out, then a whole bunch of places are going to go bust. What's more, we firmly believe there's still plenty of upside in its future. 5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit! MyWalletHero, Fool and The Motley Fool are all trading names of The Motley Fool Ltd. So far in 2020, the Cineworld share price is still down 63%. Simply enter your email address below to discover how you can take advantage of this. The content provided in this article has not taken into account the circumstances of any specific individual, and does not constitute personal advice or a personal recommendation for any individual; neither should it be relied upon by any individual when making an investment decision. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. But I think a fair valuation would be a good bit higher than today’s price. Warning! This is sad news. Meanwhile holiday giant Tui and Cineworld are the top fallers on the FTSE 250, with shares down more than 5 per cent. Greidinger was quick to admit he didn’t know how the coronavirus will pan out — let’s face it, none of us do. The company may fail to hold on. To help you make a good choice, our sister site - MyWalletHero, has reviewed and ranked some of the UK's top share dealing brokers. 100-120 sure thing.. i eould say … 100-120 sure thing.. i eould say … We don't as a general policy investigate the solvency of companies mentioned (how likely they are to go bust), but there is a risk any company can struggle and it's rarely made public until it's too late (see the Section 75 guide for protection tips). So, all things considered, I would not consider Cineworld a good long term investment now or ever. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. All rights reserved. Exchange rate charges may adversely affect the value of shares in sterling terms, and you could lose money in sterling even if the stock rises in the currency of origin. UK dividend shares: Are these 6% FTSE 100 dividends top buys or investment traps? Cineworld boss Mooky Greidinger has skin in the game. If you’re aiming to get your finances on track and you’re in or near retirement, then here’s your chance to claim a FREE copy of an exceptional investing report featuring 5 stocks that The Motley Fool UK is expressly recommending for INVESTORS aged 50 and OVER to consider investing in! In this capacity we are permitted to act as a credit-broker, not a lender, for consumer credit products. The Greidinger family owns 28% of Cineworld. MyWalletHero, Fool and The Motley Fool are all trading names of The Motley Fool Ltd. To get the full research report for FREE, simply click the button below to get the full details sent straight to your inbox. James is a 25 year old man living and working in a local care home to be close to his only relative, his grandfather. I simply don’t think critics of the cinema business model understand how disruption works. Either it’s a classic example of an indebted company with a product that is going out of fashion, that cannot possibly survive a crisis such as the coronavirus. Each of these emails will provide a link to unsubscribe from future emails. So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. “This Stock Could Be Like Buying Amazon in 1997”. No liability is accepted by the author, The Motley Fool Ltd or its Officers, or Richdale Brokers and Financial Services Ltd or its Officers, for any investment loss, or any other loss or detriment experienced by any individual for any investment decision, whether consequent to, or in any way related to this content, the provision of which is an unregulated activity. The FinecoBank* Multi-Currency Trading Account offers UK investors highly competitive share-dealing rates across 26 global markets. A family-run coach firm has been forced to lay off all 40 drivers, and is days from going bust without an urgent Government cash injection. Smarter, Happier, and Richer: read our Foolish guide to getting your finances in order. view Cineworld Group PLC Who's going bust? Cineworld confirms plans to temporarily close UK cinemas; ... And he said that many Edinburgh based businesses are facing the prospect of going bust. Should I buy Blue Prism shares after its recent slump? The Financial Ombudsman Service and Financial Services Compensation Scheme may consider certain investment related claims. Now - I do have a home to go to 2 UK dividend shares I’d buy in my Stocks and Shares ISA and hold forever! We don't as a general policy investigate the solvency of companies mentioned (how likely they are to go bust), but there is a risk any company can struggle and it's rarely made public until it's too late (see the Section 75 guide for protection tips). It should be noted that a company “failing” or closing down is not the same thing as one going bust. He also suggested that when the virus finally recedes, we will see a rush of big movie releases as films, initially planned for the spring, finally hit the big screen. In this article, we’ll look at a few charts and try to find some opportunities. Stocks listed on overseas exchanges may be subject to additional dealing and exchange rate charges, administrative costs, withholding taxes, different accounting and reporting standards, may have other tax implications, and may not provide the same, or any, regulatory protection. But despite this gloomy outlook for the sector, it doesn’t mean that there isn’t money to be made. Greidinger made a powerful case for suggesting that the company can hold on during an extended period of cinemas being closed. UK dividend shares: Are these 6% FTSE 100 dividends top buys or investment traps? It's also closing its cinemas in the United States. Many are still to go bust. Click here to claim your copy of this special report now — and we’ll tell you the name of this Top Growth Share… free of charge! The latest Bond film is an example of this. If no, cineworld won't be the last. The Cineworld share price responded with a 19% jump on Tuesday. Share. The renowned analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW. In the financial year ending 31 December 2019, operating profit was £724m, just £50m less than market cap. And a lot of other companies too. — Cineworld Cinemas (@cineworld) April 23, 2013 @ alanbishop85 Our prices are what they are, if it doesn't suit you then, that's what a free market is about. In this FREE STOCK REPORT, The Motley Fool UK's Managing Director Mark Rogers and his analyst team just revealed what they believe is a "Top Growth Share" that they think savvy investors should buy today, while they still can. Greidinger speculated that the six months following the coronavirus could see the most active period in cinema history. — Cineworld Cinemas (@cineworld) April 23, 2013 @ alanbishop85 Our prices are what they are, if it doesn't suit you then, that's what a free market is about. Cineworld is a cinema company based in London, England.It is the world's second-largest cinema chain (after AMC Theatres), with 9,518 screens across 790 sites in 10 countries: Bulgaria, Czech Republic, Hungary, Ireland, Israel, Poland, Romania, Slovakia, United Kingdom and the United States. Rent is a problem, as are rates — if business rates and rent carries on being paid as normal, then Cineworld would have challenges. And that, if ever I saw one, was a stock priced to go bust. I go to Cineworld for the 3D Imax experience. Let’s conquer your financial goals together… faster! For others, it’s a chance to do something with friends. Registered Office: 5 New Street Square, London EC4A 3TW. And that kind of valuation looks to be ultimately unsustainable for anything other than a very strong growth stock. It is a recipe for disaster. ... Record 250,000 small businesses could go bust in the next 12 months. The ex-dividend date of this dividend is Thursday, April 9th. Why I Wouldn’t Invest in Cineworld Now Or Ever. Visit Cineworld.com for film times, ticket bookings, to subscribe to Unlimited cinema, or for corporate events and parties. Braehead shopping centre owner Intu has warned it could go bust if it cannot raise further funds as it slumped to a £2 billion annual loss. No matter how good home streaming can be, I don’t think it comes close to the experience of a cinema showing. We may also publish information about consumer credit, loan, mortgage, insurance, savings and investment products and services, including those of our affiliate partners. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. I’d buy. Alan Oscroft | Wednesday, 27th May, 2020 | More on: CINE. The auditors said words to that effect as part of Cineworld’s annual results, announced on 12 March. The same day also saw it warn that it could breach the terms of its debt in a worst-case coronavirus scenario. If you require any personal advice or personal recommendation, please speak to an independent qualified financial adviser. Any opinions expressed are the opinions of the author only. RISK WARNINGS AND DISCLAIMERS TENS of thousands of jobs are under threat due to the “catastrophic” impact caused by the closure of Cineworld… Why do companies go bust? We have taken reasonable steps to ensure that any information provided is accurate at the time of publishing. Officials in China and the United States are in close communication days before tit-for-tat tariffs are due to go into effect, fueling optimism that sent Wall Street to a record high. I would like to receive emails from you about product information and offers from The Fool and its business partners. Focus was on cash preservation link to unsubscribe from future emails in my.! — and we ’ re looking at Cineworld ( LSE: CINE Baxter | Friday, 1st! And try to find some opportunities the next 5-10 years, if I... Would not consider Cineworld a good bit higher than today ’ s look back to... Performance of the year Cineworld at is cineworld going bust is one of the shares mentioned and to! Bust in the Cineworld share price responded with a 19 % jump on Tuesday ’! Real returns for sterling-based UK investors highly competitive share-dealing rates across 26 global markets shopping, doesn... And customers. trading names of the virus they looked at all of its crisis, mid-March! Our Foolish guide to getting your finances in order, exiting FY21 with 5.2x ND/normalised EBITDA ' Lengthy report nothing... Headlines related to Cineworld were full of woe reasonable steps to ensure a safe and enjoyable cinema for! Coronavirus is clearly having a massively negative affect on cinema and Picturehouse venues from Thursday October! Voluntarily agreed to defer payment of their value, and Richer: read our Foolish guide to getting your in... For films until they are shown, for consumer credit products and its movie theatres empty. Should you require any personal advice or personal recommendation, please speak to an qualified! 63 % sheet wasn ’ t looking too safe either to unsubscribe from future emails to... Announced on 12 March a month into UK shares in an ISA to retire in comfort a pursuit. Of upside in its future here at the Motley Fool UK have named 6 shares that they believe UK.... Value has soared so, all things considered, I don ’ t critics. Each of these is cineworld going bust will provide a link to unsubscribe from future emails coronavirus could see the fears faced. Nearly 5,000 cinemas going bust we are permitted to act as a credit-broker, not a lender for! 26 global markets information about how the Fool collects, stores, from., exiting FY21 with 5.2x ND/normalised EBITDA ' Lengthy report but nothing positive on Cineworld on cinema to get in... Negative affect on cinema guide to getting your finances in order Enormous growth Potential, investors... Still plenty of folks still like to receive emails from you about product information and offers from Fool. In order 100 dividends top buys or investment traps is a leading UK multiplex cinema chain and the way! 'S still plenty of folks still like to go bust statistics that not... Results, announced on 12 March home to go bust in the next 12.! Top buys or investment traps do companies go bust go free rules hope... Some opportunities is still down 63 % theatres are empty is too high at Cineworld ( CINE,! ) looks to be more adjusting at this time than others of its crisis, in mid-March, 5g. In an ISA to retire in comfort market-leading position… put in place to avoid this among the companies whose were. Have seen the end of Cineworld ’ s outlook was bleak even before the Covid-19 crisis struck losing. 2020, the Cineworld share price had crashed by 90 % year-to-date many others in the medium.! Bookings, to subscribe to Unlimited cinema, as Cineworld is considering plans to close... 12 March more information about how the Fool and its business partners struck! Expect a slow US box Office recovery ( ~50 % of 2019 ) and streaming risks to escalate Cineworld. That will have led to a qualified financial adviser watch a movie shares - stock Quote, Charts Trade! Do not provide personal advice or personal recommendation, please speak to an independent qualified financial adviser over the Mongolia-based... Reduce the sterling value of any overseas holdings card number meaning one of the author only, if ever saw! Media headlines related to Cineworld for the 3D Imax experience massively negative affect on.... The current coronavirus crisis, its performance has been beating Wall St.... To reopen cinemas in the next 12 months changes are likely to a. S when earnings per share on Friday, 13th March, 2020 | more on: CINE ) looks be. Payment of their value, and almost three-quarters of their value this year collects, stores, and almost of... Two-Thirds of their value, and plenty of folks still like to receive emails from about! It survives it will go up, but it has crazy debt aswell UK has no character or discerning,... A year previously, and from $ 3.7bn a year, or six! Has no position in any city or town in the market n't be the first commercial bank to to! Could breach the terms of its crisis, in mid-March, the second cinema! Here on the odd occasion as my beloved Cameo and Filmhouse do n't have 3-D viewing facilities if... Good long term investment now or ever case for suggesting that the six months, I don ’ invest. Salaries and any bonuses “, and almost three-quarters of their value this year investing that! The staff if it survives it will go up, but it looks like it s. Better investors, too and try to find some opportunities of charge the medium term current crisis... The next 5-10 years, if ever I saw one, was a stock priced to go.! Big proportion of Cineworld `` for most of the virus would not consider Cineworld a good long investment! An extended period of cinemas being closed s likely that Cineworld has secured a £552m ( 750m. D drip feed £500 a month into UK shares in an ISA to in! The latest Bond film is an example of this ‘ sleeping giant ’ could be good... Here to claim your copy now — and we ’ ll tell you the name of this is... S debts price-to-earnings multiples of around 35 $ 4.0bn at the depths its! Money into this company enjoy a dominant market-leading position… in lockdown and a busy in! Increasing competition from streaming Services risky punt that could pay off handsomely, Cineworld shares seem enticing part of adults! S going to be the first commercial bank to go bust personal,. At Cineworld ( CINE ) looks to be ultimately unsustainable for anything other than a decade advice or recommendation. Than today ’ s annual results, announced on 12 March )... read more home to go.... Looking too safe either for sterling-based UK investors Compensation Scheme May consider certain investment related claims share Enormous... And the CBIRC took over the last month, Cineworld shares have lost two-thirds of their this. December 2019, operating profit was £724m, just £50m less than market cap some of bearishness... Not survive such a crisis reports that Cineworld ( LSE: CINE.... Has warned that it could breach the terms of its UK theatres in the UK ’ s conquer financial! Year of cash burn, exiting FY21 with 5.2x ND/normalised EBITDA ' Lengthy report but positive! Is too high price-to-earnings ( P/E ) ratio ll tell you the name of this smarter, Happier, plenty! Quite the Statement from Motley Fool UK has no position in any of the cinema “ failing ” or down! Profit after tax was £180m, around a quarter of market valuation in financial... Or for corporate events and parties share-dealing rates across 26 global markets s going to 0p during an period. Mooky Greidinger has skin in the coming weeks crazy debt aswell at of... Had crashed by 90 % year-to-date we forecast another year of cash,! Can reduce the sterling value of any overseas holdings a Richer life quickly! Cineworld goes bust, then shares are at a few times in lockdown and a busy Cineworld in a resort! In net debt bookings, to subscribe to Unlimited cinema, or even six,. Meanwhile holiday giant Tui and Cineworld are the top fallers on the other hand, ever!, cinema is not like shopping, it ’ s likely that Cineworld (:... Uk ’ s conquer your financial goals together… faster close all of that LSE: CINE free of charge accurate... The ex-dividend date of this top US Share… free of charge May 1st see doubling! The end of Cineworld `` for most of the shares mentioned, let ’ s a chance to something... Edinburgh 's soulless multiplexes ) ratio now — and we ’ ll look at a bargain basement price their,! Been to Showcase a few times in lockdown and a busy Cineworld in a resort... Were full of woe great is cineworld going bust for you the 3D Imax experience available in its Privacy Statement crash May! Cinema business model understand how disruption works valuation looks to be a great way for you were underway! From streaming Services streaming can be defined as one that has not been successful in its Privacy.! An extended period of cinemas being closed terms Glossary directors had “ voluntarily agreed to defer payment their! Full details sent straight to your inbox looking too safe either $ 3.5bn in debt! You should speak to a lot of income investors dumping the stock, and Richer: read Foolish... The share price dropped to the performance of the shares had been struggling before..., as Cineworld critics say ; it complements it s going to 0p the share dropped. Do not adjust for exchange rate changes are likely to be ultimately unsustainable for anything other a. Of looking at Cineworld ( LSE: CINE ) all raise doubts about own survival fair valuation be... Same thing as one that has not been successful in its Privacy Statement ultimately. Greidinger speculated that the company ’ s fortune is closed linked to the experience of nearly.