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

Competition winner

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first_imgWATCH: “Everyone is fighting so hard to get on” – Pat Ryan on competitive camogie squads Linkedin Advertisement Limerick’s National Camogie League double header to be streamed live RELATED ARTICLESMORE FROM AUTHOR Print Predictions on the future of learning discussed at Limerick Lifelong Learning Festival Limerick Artist ‘Willzee’ releases new Music Video – “A Dream of Peace” Email Billy Lee names strong Limerick side to take on Wicklow in crucial Division 3 clashcenter_img Facebook WELL done to Tina O’Donoghue from Corbally who is the lucky winner of one pair of tickets and two large combo meals for a film of her choice at the Odeon Cinema in Castletroy.The answer to our film competition in last week’s Limerick Post was Kurt Russell.Sign up for the weekly Limerick Post newsletter Sign Up More tickets to give away to the Odeon Cinema in this Thursday’s edition. TAGScinemacompetitionlimerickOdeon CinemaOdeon Limerick WhatsApp Previous articleVacant Limerick houses to be brought back into use for homelessNext articleFunding will help older people and disabled to participate in sport Alan Jacqueshttp://www.limerickpost.ie Twitter Limerick Ladies National Football League opener to be streamed live NewsLocal NewsCompetition winnerBy Alan Jacques – May 9, 2017 708 last_img read more

Caleb Schumacher Makes Eagle Scout

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first_imgEagle Scout Caleb Schumacher, of Ocean City, receives an honor from Congressman Jeff Van Drew during a ceremony at the Bayside Center Pavilion. (Photo courtesy Bill Schumacher) By MADDY VITALEFor 11 years Ocean City High School senior Caleb Schumacher has been involved in scouting. And on Sunday, all of his hard work paid off.Caleb, 17, of Ocean City, achieved the rank of Eagle Scout. Achieving the rank of Eagle Scout is the highest honor bestowed upon a Boy Scout.He was honored during a ceremony at the Bayside Center pavilion with his parents Bill Schumacher, an assistant scoutmaster of Ocean City Boy Scout Troop 32, and his mom, Beth, and sisters Phoebe and Miranda by his side.A host of dignitaries were at the event to show their support for Caleb’s accomplishments.Congressman Jeff Van Drew, State Senator Michael Testa, Assemblyman Antwan McClellan, Freeholders E. Marie Hayes and Jeffrey Pierson, Cape May County Sheriff Bob Nolan and Ocean City Council members Keith Hartzell, Bob Barr, Tom Rotondi, Jody Levchuk and Michael DeVlieger attended the ceremony.Caleb summed up his feelings about the monumental achievement.“Everyone was happy to be there,” he said. “I just feel great that I am an Eagle Scout.”From left, Chad Callahan, Mark Faverzani, Caleb Schumacher and Dylan Kampf during a scouting trip in 2017. (Photo courtesy Mark Kampf)But becoming an Eagle Scout was no easy task. Not only is Caleb busy with scouting, but is a top student, a member of the high school crew team and aspires to one day become a computer engineer.He said he owes a lot to his family for their continued support.“It took a lot of time management, but it mostly was my mom who kept pushing me to get my Eagle,” Caleb said of his years in scouting. “She kept me on track.”Scouting teaches so much to prepare a person for a lifetime of success, he said.“You learn leadership skills to prepare for leadership jobs and you learn time management skills to keep on track and keep it all together,” he said.His Eagle Scout project had particularly significant meaning for him.Caleb’s grandfather was an Army sergeant in the Korean War.“My project was a flag drop box so that the flags could be properly disposed of. I chose it because at my grandfather’s funeral, they presented a flag to my Nona and I thought that would be nice to make sure they could be retired properly,” Caleb explained.Caleb created the flag drop box that is under the ramp at American Legion Post 524 at 46th Street and West Avenue.Caleb’s father Bill said how proud he was of his son.“I am an Eagle Scout as well. Being a scout teaches values. Caleb works hard. He is an excellent student, active in crew and he has a job. He has a good work ethic and with all of this he still found time to obtain Eagle,” Schumacher noted.Assistant Scoutmaster Mark Kampf is friends with Bill Schumacher. Kampf’s son, Dylan, made Eagle Scout in March and is close friends with Caleb.Both Caleb and Dylan followed a similar journey to get to the prestigious rank of Eagle Scout, Kampf said.“The Schumachers are a remarkable family that we have gotten to know better through the scouting kinship,” Kampf explained. “Caleb and Dylan have been in scouting for a number of years and Caleb’s dad and me have been a part of this together. It has been an Eagle Scout journey together. We have watched the kids grow from boys to men.”“It has been such a great experience for me and for Bill,” Kampf added. “We know Caleb will achieve remarkable things leveraging the skills he has learned on his path to Eagle.”City Council members join with Caleb Schumacher, who stands alongside his father Bill and his mom Beth. (Photo courtesy Bill Schumacher)last_img read more

Dodgers’ offense goes silent against Tyler Anderson in loss to Rockies

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first_imgPreviousColorado Rockies catcher Chris Iannetta, left, and relief pitcher Wade Davis congratulate each other after the Rockies defeated the Los Angeles Dodgers 3-1 in a baseball game Friday, June 29, 2018, in Los Angeles. (AP Photo/Mark J. Terrill)LOS ANGELES, CA – JUNE 29: Tyler Anderson #44 of the Colorado Rockies pitches in the first inning against the Los Angeles Dodgers at Dodger Stadium on June 29, 2018 in Los Angeles, California. (Photo by John McCoy/Getty Images)LOS ANGELES, CA – JUNE 29: Rich Hill #44 of the Los Angeles Dodgers on the mound against the Colorado Rockies in the first inning at Dodger Stadium on June 29, 2018 in Los Angeles, California. (Photo by John McCoy/Getty Images) SoundThe gallery will resume insecondsColorado Rockies’ Charlie Blackmon falls after being hit by a pitch during the fourth inning of a baseball game against the Los Angeles Dodgers on Friday, June 29, 2018, in Los Angeles. (AP Photo/Mark J. Terrill)LOS ANGELES, CA – JUNE 29: Logan Forsythe #11 of the Los Angeles Dodgers forces out Charlie Blackmon #19 of the Colorado Rockies at second base in the fourth inning at Dodger Stadium on June 29, 2018 in Los Angeles, California. (Photo by John McCoy/Getty Images)Los Angeles Dodgers starting pitcher Rich Hill throws during the first inning of the team’s baseball game against the Colorado Rockies on Friday, June 29, 2018, in Los Angeles. (AP Photo/Mark J. Terrill)Colorado Rockies’ Pat Valaika, right, hits a solo home run, as Los Angeles Dodgers catcher Austin Barnes, left, watches along with home plate umpire Brian Gorman during the fifth inning of a baseball game Friday, June 29, 2018, in Los Angeles. (AP Photo/Mark J. Terrill)Colorado Rockies’ Pat Valaika watches his solo home run off Los Angeles Dodgers starting pitcher Rich Hill, front, during the fifth inning of a baseball game Friday, June 29, 2018, in Los Angeles. (AP Photo/Mark J. Terrill)Colorado Rockies’ Pat Valaika, left, heads to first on a solo home run off Los Angeles Dodgers starting pitcher Rich Hill, front, during the fifth inning of a baseball game Friday, June 29, 2018, in Los Angeles. (AP Photo/Mark J. Terrill)LOS ANGELES, CA – JUNE 29: Enrique Hernandez #14 of the Los Angeles Dodgers leaps but can not catch a home run ball hit by Pat Valaika #4 of the Colorado Rockies in the fifth inning at Dodger Stadium on June 29, 2018 in Los Angeles, California. (Photo by John McCoy/Getty Images)Los Angeles Dodgers’ Enrique Hernandez can’t reach the ball on a solo home run by Colorado Rockies’ Pat Valaika during the fifth inning of a baseball game Friday, June 29, 2018, in Los Angeles. (AP Photo/Mark J. Terrill)LOS ANGELES, CA – JUNE 29: Pat Valaika #4 of the Colorado Rockies rounds second base after hitting a home run against the Los Angeles Dodgers in the fifth inning at Dodger Stadium on June 29, 2018 in Los Angeles, California. (Photo by John McCoy/Getty Images)LOS ANGELES, CA – JUNE 29: Pat Valaika #4 is congratulated by DJ LeMahieu #9 of the Colorado Rockies after hitting a home run in the fifth inning against the Los Angeles Dodgers at Dodger Stadium on June 29, 2018 in Los Angeles, California. (Photo by John McCoy/Getty Images)Colorado Rockies starting pitcher Tyler Anderson throws during the first inning of the team’s baseball game against the Los Angeles Dodgers on Friday, June 29, 2018, in Los Angeles. (AP Photo/Mark J. Terrill)LOS ANGELES, CA – JUNE 29: Rich Hill #44 of the Los Angeles Dodgers is pulled from the game by Manager Dave Roberts in the seventh inning against the Colorado Rockies at Dodger Stadium on June 29, 2018 in Los Angeles, California. (Photo by John McCoy/Getty Images)Los Angeles Dodgers third baseman Justin Turner, center, throws out Colorado Rockies’ Ian Desmond at first as starting pitcher Rich Hill, left, and Rockies’ Trevor Story watch during the sixth inning of a baseball game Friday, June 29, 2018, in Los Angeles. (AP Photo/Mark J. Terrill)LOS ANGELES, CA – JUNE 29: Scott Alexander #75 of the Los Angeles Dodgers pitches against the Colorado Rockies in the eighth inning at Dodger Stadium on June 29, 2018 in Los Angeles, California. (Photo by John McCoy/Getty Images)Colorado Rockies’ Nolan Arenado hits a solo home run in front of Los Angeles Dodgers catcher Austin Barnes during the eighth inning of a baseball game Friday, June 29, 2018, in Los Angeles. (AP Photo/Mark J. Terrill)The Rockies’ Nolan Arenado watches his solo home run off Dodgers relief pitcher Scott Alexander, front, during the eighth inning of Friday’s game at Dodger Stadium. The Rockies won 3-1. (AP Photo/Mark J. Terrill)Colorado Rockies’ Nolan Arenado gestures as he scores after hitting a solo home run during the eighth inning of a baseball game against the Los Angeles Dodgers on Friday, June 29, 2018, in Los Angeles. (AP Photo/Mark J. Terrill)LOS ANGELES, CA – JUNE 29: Nolan Arenado #28 of the Colorado Rockies crosses home plate in front of Austin Barnes #15 of the Los Angeles Dodgers after hitting a home run in the eighth inning at Dodger Stadium on June 29, 2018 in Los Angeles, California. (Photo by John McCoy/Getty Images)Colorado Rockies’ Nolan Arenado gestures as he scores on a solo home run, next to Los Angeles Dodgers catcher Austin Barnes during the eighth inning of a baseball game Friday, June 29, 2018, in Los Angeles. (AP Photo/Mark J. Terrill)Los Angeles Dodgers shortstop Chris Taylor, left, waits for the throw, before tagging out Colorado Rockies’ Trevor Story as Story triesdto steal second during the eighth inning of a baseball game Friday, June 29, 2018, in Los Angeles. (AP Photo/Mark J. Terrill)Colorado Rockies’ Chris Iannetta tosses his bat after hitting a solo home run off Los Angeles Dodgers relief pitcher Yimi Garcia, front, during the ninth inning of a baseball game Friday, June 29, 2018, in Los Angeles. (AP Photo/Mark J. Terrill)Los Angeles Dodgers’ Justin Turner hits a solo home run off Colorado Rockies relief pitcher Wade Davis, left, during the ninth inning of a baseball game Friday, June 29, 2018, in Los Angeles. (AP Photo/Mark J. Terrill)LOS ANGELES, CA – JUNE 29: Justin Turner #10 of the Los Angeles Dodgers rounds second base after hitting a home run agains the Colorado Rockies in the ninth inning at Dodger Stadium on June 29, 2018 in Los Angeles, California. Rockies won 3-1. (Photo by John McCoy/Getty Images)LOS ANGELES, CA – JUNE 29: Justin Turner #10 of the Los Angeles Dodgers is congratulated on his ninth inning home run against the against the Colorado Rockies at Dodger Stadium on June 29, 2018 in Los Angeles, California. Rockies won 3-1. (Photo by John McCoy/Getty Images)The Dodgers’ Cody Bellinger, right, tosses his bat in the air after striking out to end Friday’s 3-1 loss to the Rockies at Dodger Stadium. The Dodgers struck out 10 times and had just five hits. (AP Photo/Mark J. Terrill)Colorado Rockies catcher Chris Iannetta, left, and relief pitcher Wade Davis congratulate each other after the Rockies defeated the Los Angeles Dodgers 3-1 in a baseball game Friday, June 29, 2018, in Los Angeles. (AP Photo/Mark J. Terrill)LOS ANGELES, CA – JUNE 29: Tyler Anderson #44 of the Colorado Rockies pitches in the first inning against the Los Angeles Dodgers at Dodger Stadium on June 29, 2018 in Los Angeles, California. (Photo by John McCoy/Getty Images)NextShow Caption1 of 28LOS ANGELES, CA – JUNE 29: Tyler Anderson #44 of the Colorado Rockies pitches in the first inning against the Los Angeles Dodgers at Dodger Stadium on June 29, 2018 in Los Angeles, California. (Photo by John McCoy/Getty Images)ExpandLOS ANGELES — Their bullpen is undermanned and overburdened. Their rotation seems perpetually in a state of renovation or reconstruction with starting pitchers scattered from here to Rancho Cucamonga. But the Dodgers have their offense to prop it all up.Not Friday night.Left-hander Tyler Anderson retired the first 11 Dodgers in order and allowed only four hits in eight scoreless innings as the Colorado Rockies handed the Dodgers a 3-1 defeat.Justin Turner did hit a home run with two outs in the ninth inning, the Dodgers’ 54th in June. That is a new franchise record for any calendar month (and four short of the major-league record for a month). Newsroom GuidelinesNews TipsContact UsReport an Error Dodgers’ Dave Roberts says baseball’s unwritten rules ‘have changed, should change’ Whicker: Dustin May yet another example of the Dodgers’ eye for pitching Dodgers’ hot-hitting Corey Seager leaves game with back injury Dodgers’ Justin Turner looking rejuvenated on defense center_img But he made one costly mistake.Hill got No. 8 hitter Pat Valaika down 0-and-2 quickly in the fifth inning but couldn’t finish him off. Four pitches later, Hill left a 1-and-2 fastball up and over the plate. Even the .128-hitting Valaika knew what to do with that. He drove it over the wall in left-center for his first home run of the season.Hill was done in the seventh inning. The Rockies were not.They padded their lead with solo home runs by Nolan Arenado off Dodgers reliever Scott Alexander in the eighth inning and by Chris Iannetta off Yimi Garcia in the ninth. Dodgers bench slumping Cody Bellinger for a day Chris Taylor came close to breaking the record right out of the gate. He sent Rockies right fielder Noel Cuevas to the wall with a long drive leading off the bottom of the first inning. That was as close to scoring as the Dodgers came against Anderson.Sign up for our Inside the Dodgers newsletter. Be the best Dodger fan you can be by getting daily intel on your favorite team. Subscribe here.The 28-year-old left-hander fairly breezed through the Dodgers’ lineup. He struck out five of the first 11 Dodgers before allowing a soft single by Turner. The four hits he allowed were all singles, including a dribbler by Yasiel Puig that traveled no more than 20 feet. None of the baserunners advanced past first base.“We’ve seen Anderson quite a bit,” Dodgers manager Dave Roberts said. “There’s some funk in there in the delivery. But tonight I think it was the cut fastball in on the righties. He kept us off balance with offspeed, the cutter, threw the fastball away, the slider.“He has a three-, four-pitch mix we just really couldn’t get any swings off of.”But the best thing Anderson did for the Rockies was pitch deep into the game, keeping the Dodgers away from the Rockies’ dreadful bullpen. Anderson needed more than 12 pitches to retire the side in just two of his eight innings. He threw 96 pitches in all, completing eight innings for the first time in his 51 career starts.In his past three starts away from pitcher-tormenting Coors Field, Anderson has allowed only three runs on 15 hits and two walks while striking out 19 in 22 innings.Dodgers starter Rich Hill was only a step behind.Hill allowed six hits and pitched into the seventh inning for the first time this season, striking out a season-high 10 along the way.“The ball was coming out of my hand the way I wanted,” Hill said. “That’s what I was really pleased with today. The quality and consistency of my curveball was really what I wanted.”In three starts since returning from his blister problem, Hill has allowed four earned runs on 14 hits, three walks and a jarring five hit batters while striking out 21 in 17-2/3 innings.“He was really good,” Roberts said. “You look at the three starts he’s had since coming back. A really good one, just okay and another really good one.”Related Articleslast_img read more