Here’s why Cineworld share price is crashing today

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first_img “This Stock Could Be Like Buying Amazon in 1997” Here’s why Cineworld share price is crashing today Let’s be honest. No one expected today’s full-year numbers from battered FTSE 250 stock Cineworld (LSE: CINE) to be anything but derisory. So, why is the share price crashing if all this could have been anticipated by investors?Staggering lossThe chief reason for today’s fall seems to be due to the numbers being even worse than expected.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Having been forced to close its sites from mid-March last year, Cineworld’s revenue tumbled 80.5% to a little over $852m. There were only 54.4m ticket admissions over the period, compared to 275m over the previous 12 months.Naturally, this horror show fed down to the bottom line. From making a pre-tax profit of $212.3m in 2019, Cineworld revealed a staggering £3bn loss for 2020.However, the company did what it could to preserve cash and reduce costs over this period. Even so, it was still forced to seek funding to stay afloat, bringing in just under $811m in additional liquidity. Today, it announced it had secured another $213m from institutional investors to see it through 2021.So, where next for the Cineworld share price?Since hitting a record low in October last year, the Cineworld share price has climbed 300%. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.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. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Enter Your Email Address Paul Summers | Thursday, 25th March, 2021 | More on: CINE Image source: DCM Simply click 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. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.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. Our 6 ‘Best Buys Now’ Shares Paul Summers has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. 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. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. As much as I’d have enjoyed such a huge gain, the Foolish philosophy is to buy shares in great companies for the long term. Already heavily indebted before the coronavirus reared its ugly head, Cineworld isn’t a great company, at least in my view. Nor are its prospects good enough to lead me to think that the shares will outperform other London-listed stocks over the next five or 10 years.Sure, there are some things to be positive on, one of which is the strong movie pipeline. ‘Mission Impossible 7′, ‘No Time to Die‘ and ‘Top Gun 2‘ are all scheduled for release later this year. The belief that there’s a lot of pent-up demand to get back to the cinema also has legs to it. As the company said today, the theatrical industry in China, Japan and Australia has performed well since those markets reopened. Indications that the psychological impact of the coronavirus hasn’t been long-lasting are encouraging. Today aside, perhaps the Cineworld share price will continue rising over the next few months? Opportunity costAs things stand, Cineworld anticipates reopening its US sites on 2 April. In accordance with Boris Johnson’s roadmap, the UK estate will follow suit on 17 May.However, if the last year has taught us anything, it’s that nothing’s ever guaranteed. There’s still a chance cinemas might be forced to close again, particularly if recent flare-ups of coronavirus in Europe aren’t contained. Such a scenario would likely require Cineworld to go cap-in-hand to investors for yet more cash. This is probably the other reason why the share price is falling today.Is this a risk I’d be willing to take? No, especially given the opportunity cost of not being invested elsewhere. There are many great, far less indebted UK companies more deserving of my cash.Today’s drop in the Cineworld share price may be regarded by some as a chance to get involved before the real recovery starts. For me, however, it’s simply confirmation that the stock is best avoided for those who like to sleep at night. See all posts by Paul Summerslast_img read more

Fishing Report: 8/22/20

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first_imgKingfish Hello! This is the OCNJ Daily fishing report. This report will give you the where, when and how of fishing our local waters. We hope this information will help you catch the big one!Suggested bait and tackle in this report can be obtained at any of the local fishing shops.The “What”Here is a list of fish (some common, some not as common) found in New Jersey waters: Blowfish, Bluefish, Croaker, Flounder, Kingfish, Ling, Oyster Toad Fish, Perch, Sea Bass, Sea Robin, Shad Sharks, Sheepshead, Skate, Spot, Striper(Striped bass), Triggerfish, Weakfish, Black Drum, Red Drum and many others.The “Where”Some suggestions for locations in Ocean City: KingfishBeach fishing (where allowed), the 5th St jetty, Corsons Inlet and the north end of the island near the Longport Bridge are excellent locations.Bridge/Pier fishing: Longport Bridge fishing pier, 9th St Bridge fishing piers (there are 4).Bay fishing: 12th St pavilion, and any street end that is open to the public.Notes:Tide-forecast.com or any reliable tide app on your smart phone will help you fish at the right time of day. I suggest a few hours before and after high tide.For the 2020 NJ recreational fishing regulations, go to:njfishandwildlife.comBack BayBlue FishThe ocean water temperature has stabilized into the comfortable mid 70’s (currently 76 degrees). That’s great summer fishing conditions!There continues to be a wide variety of fish species in our local waters, with anglers catching some really goog and interesting  fish. Catch reports include Flounder, Croakers, Blues, Kingfish, Snapper Blues, Sea Robins, Oyster Toad Fish, Triggerfish and Sheepshead.Summer Flounder fishing has been good this year. Most of the larger Fluke are off shore at this point, but keepers are being caught daily inshore. Some in the 7 – 9 pound range!Flounder are being taken with minnows, cut squid, and bucktails (Pink and White are most preferable). Live bait or cut bait on the incoming tide are working well.Good spots to catch all these fish mentioned is the Longport Bridge fishing pier, Corson’s Inlet on the south end of the island and one of the fishing piers on the Rt 52 Causeway. The fishing pier at the end of 12th St is also a nice little spot.Piers and BridgesWith the warm water, the variety of fish caught includes flounder, Blues, Croakers, Sea Robin, Snapper Blues and Oyster Toad fish, Triggerfish and Sheepshead. The Triggerfish and Sheepshead catch has been exceptional. Also a mix of  Sea Robin, Snapper Blues, and Oyster Toad Fish. The Triggerfish and Sheepshead are biting on fiddler crabs (on jig heads). Flounder (and Triggerifsh) are biting on squid and minnows – on smaller hooks (#4 or #6 hooks).  Cut bait (bunker or squid) for the Blues, Croakers, Sea Robins, Snapper Blues and Oyster Toad fish.SurfBlowfishBeach fishing is great right now! Kingfish are still kings of the surf.  The mix on the beach also includes Croakers (aka Spot), Flounder, Snapper Blues, Weakfish. Blowfish and Spanish Mackerel are even occasionally mixing in.Bloodworms on an over/under rig are the bait of choice for Kingfish, Weakfish, Snapper Blues and Spanish Mackerel.  Cut bait and clams on a weighted rig will also work.The sun is shining, the water is warm, so get out there and fish!last_img read more

Ladbrokes: Bookmakers braced for ‘corker’ of a deadline day

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first_img After a record breaking Summer transfer window, bookmakers are prepared for the busiest transfer deadline day in recent memory. With the futures of Alexis Sanchez, Philippe Coutinho and a whole host of world class players all in a state of uncertainty, fans and pundits alike will be glued to the transfer window betting markets right up until tonight’s deadline. Sanchez is currently 1/2 to end up at Eastlands and 7/5 to stay at the Emirates, as for Coutinho bookies have been kept guessing, with the Brazilian priced up at 4/5 to remain a Liverpool player and 10/11 to sign for Barcelona. Ladbrokes’ Jessica Bridges told SBC: “Transfer Deadline Day can often be hit and miss, but the bets flying in at present suggests this summer’s finale is going to be a corker. Transfer markets are the ultimate sort of wager where punters can put their opinion on the line – whether that’s with their heart or their head –  rather than backing an odds-on poke for the sake of it in a Saturday acca. “Fans of all football clubs have opinions, generally strong ones, about the sorts of players that clubs should or shouldn’t sign. So if you’re able to place a bet and make some money out of it in the process then even better as far as punters are concerned.”The drama and inevitabilities of deadline day began early, with Arsenal midfielder Alex Oxlade-Chamberlain keeping everyone on their toes by rejecting the approach from Chelsea and opting to move to Liverpool. Bridges revealed: “He was 1/10 yesterday to move to the Blues, so fair play to all those who were on Liverpool at the 11/2 available on Tuesday.” GVC absorbs retail shocks as business recalibrates for critical H2 trading August 13, 2020 StumbleUpon Related Articles David Lampitt, Sportradar: F1 presents betting’s most sizeable opportunity August 14, 2020 Share Submit Share FSB selects Glenn Elliott as new COO August 12, 2020last_img read more