And that, if ever I saw one, was a stock priced to go bust. Unfortunately, I have to visit here on the odd occasion as my beloved Cameo and Filmhouse don't have 3-D viewing facilities. 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? Greidinger was quick to admit he didn’t know how the coronavirus will pan out — let’s face it, none of us do. What's more, we firmly believe there's still plenty of upside in its future. 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. 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! It's also closing its cinemas in the United States. I believe that underpinning those fears was a mistaken view about the future of the cinema. 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. It should be noted that a company “failing” or closing down is not the same thing as one going bust. The Motley Fool Ltd. It is a recipe for disaster. I’d drip feed £500 a month into UK shares in an ISA to retire in comfort. But for a risky punt that could pay off handsomely, Cineworld shares seem enticing. UK shares: this is why the Babcock International Group share price is sinking! In this capacity we are permitted to act as a credit-broker, not a lender, for consumer credit products. 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 … TENS of thousands of jobs are under threat due to the “catastrophic” impact caused by the closure of Cineworld… There are two ways of looking at Cineworld (LSE:CINE). And a lot of other companies too. 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). Cineworld Group plc (CINE.L) announced a dividend on Thursday, March 12th. It's not often that three companies all warn on the same day they could go bust . 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. To help you make a good choice, our sister site - MyWalletHero, has reviewed and ranked some of the UK's top share dealing brokers. 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. The Financial Ombudsman Service and Financial Services Compensation Scheme may consider certain investment related claims. That was down from $3.7bn a year previously, and from $4.0bn at the time of the Regal acquisition in February 2018. This represents a yield of 5.03%. Use promo code FIN100-ML today and enjoy up to 100 free trades within your first three months! In this article, we’ll look at a few charts and try to find some opportunities. This week, the Institute for Fiscal Studies warned that 13 out of 165 UK universities faced ‘a very real prospect’ of insolvency. 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. 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 The cinema chain closed its 127 Cineworld and Picturehouse venues from Thursday 8 October – which could put up to 5,500 jobs at risk. But why would local government or landlords force Cineworld, a vital contributor to their income, into bankruptcy? Cineworld also shows theatre and opera performances. This week, the Institute for Fiscal Studies warned that 13 out of 165 UK universities faced ‘a very real prospect’ of insolvency. MyWalletHero, Fool and The Motley Fool are all trading names of The Motley Fool Ltd. Company No: 3736872. 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. Visit Cineworld.com for film times, ticket bookings, to subscribe to Unlimited cinema, or for corporate events and parties. The bank is set to be the first commercial bank to go bust in China. 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. Lost after his passing, James and his three elderly best friends hatch a plan to dupe the cruel care home manager and bust out for one last adventure. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. UK shares: this is why the Babcock International Group share price is sinking! The FinecoBank* Multi-Currency Trading Account offers UK investors highly competitive share-dealing rates across 26 global markets. The company may fail to hold on. Alan Oscroft has no position in any of the shares mentioned. ... One such company is Cineworld (LSE: CINE), the second largest cinema chain globally. 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“. Our Gary Newman on mining stocks to buy, why gold is NOT going to soar, a compelling £1.7 billion non-mining short and fishing shares Harry Adams the boss of Kefi (KEFI) - a stock I own and Tom on why Cineworld (CINE) deserves to go bust, won't, but is a stonking short none the less Please refer to FOS and FSCS for up-to-date information, including eligibility criteria. This represents a yield of 5.03%. I’d buy. That will have led to a lot of income investors dumping the stock, and moving to more sustainable yields. And that kind of valuation looks to be ultimately unsustainable for anything other than a very strong growth stock. 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. The latest Bond film is an example of this. The Cineworld is a proper cinema experience. 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). In this capacity we are permitted to act as a credit-broker, not a lender, for consumer credit products. Cineworld is the highest risk, highest reward name … Also unsurprisingly, Cineworld shares have taken a hit. The People's Bank of China and the CBIRC took over the Inner Mongolia-based bank last May citing its "serious credit risks." In the good times it has racked up vast debts and now we are all self isolating and its movie theatres are empty. 07/12/2020 16:51: The UK government is “prepared̶ 1; to remove the controversial Northern Ireland clauses in Boris Johnson’s Internal Market Bill, that could breach international law, if a UK-EU post-Brexit trade deal is reached. Should I buy Blue Prism shares after its recent slump? Simply enter your email address below to discover how you can take advantage of this. Registered Office: 5 New Street Square, London EC4A 3TW. But still potentially devastating. I’d avoid Marks & Spencer shares and buy this AIM growth share instead, UK shares: 2 stocks I’d buy for 2021 and beyond. I think a lot of the recent stagnation in the Cineworld share price has simply been a needed correction. We mainly saw re-runs of classics plus Tenet. 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 go to Cineworld for the 3D Imax experience. Cineworld has warned that it could collapse due to coronavirus – sending shares slumping to their lowest level for more than a decade. If it survives it will go up, but it has crazy debt aswell. VAT Number: 188035783. I have a position but I am prepared to take the risk of losing money if they go bust. Will Universities Go Bust? Or it’s a bargain. Netflix does not compete with cinema, as Cineworld critics say; it complements it. 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. The takeaway Any opinions expressed are the opinions of the author only. Use promo code FIN100-ML today and enjoy up to 100 free trades within your first three months! Will Universities Go Bust? Cineworld, Intu and Finablr all raise doubts about own survival. All rights reserved. We mainly saw re-runs of classics plus Tenet. According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…. Click here for The Motley Fool UK’s resources on Coronavirus and the market. Today - Morgan Stanley Underweight lower PT now 40p from 45p. 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. Why do companies go bust? Greidinger speculated that the six months following the coronavirus could see the most active period in cinema history. The bank is set to be the first commercial bank to go bust in China. ... Cineworld eye up a CVA. Moreover, I think we need to keep in mind Cineworld is the second largest cinema chain in the world today. Registered in England & Wales. Now - I do have a home to go to VAT Number: 188035783. Important information and risk disclaimer: The value of shares and any income produced can fall as well as rise, and you may get back less than you invest. It should be noted that a company “failing” or closing down is not the same thing as one going bust. The Motley Fool UK has no position in any of the shares mentioned. Let’s conquer your financial goals together… faster! To help you make a good choice, our sister site - MyWalletHero, has reviewed and ranked some of the UK's top share dealing brokers. 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? RISK WARNINGS AND DISCLAIMERS If no, cineworld won't be the last. ... Record 250,000 small businesses could go bust in the next 12 months. 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. The Motley Fool Ltd is an appointed representative of Richdale Brokers & Financial Services Ltd who are authorised and regulated by the FCA (FRN: 422737). For some, it’s an important part of the dating ritual. AMC Theatres have said the chain could go out of business by the end of the year. That’s a good start. This place has no character or discerning features, you could feasibly be in any city or town in the UK. Some could go bust. The People's Bank of China and the CBIRC took over the Inner Mongolia-based bank last May citing its "serious credit risks." 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). A failing business can be defined as one that has not been successful in its aims. The ex-dividend date of this dividend is Thursday, April 9th. 100-120 sure thing.. i eould say … So, all things considered, I would not consider Cineworld a good long term investment now or ever. Any opinions expressed are the opinions of the author only. 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. Cinema is not like shopping, it’s a social pursuit. I would like to receive emails from you about product information and offers from The Fool and its business partners. I'm sure you'll agree that's quite the statement from Motley Fool Co-Founder Tom Gardner. © 1998 – 2021 The Motley Fool. I really can see the fears investors faced when they looked at all of that. Whatever you do, don’t invest all your money into this company. Cineworld might not open by then. All rights reserved. It has a balance sheet that is … The Cineworld share price responded with a 19% jump on Tuesday. AMC Theatres have said the chain could go out of business by the end of the year. 23 November 2020 Sky News reports that Cineworld has secured a £552m ($750m)... Read more. Chris Bailey and I have warned repeatedly that Cineworld (CINE) looks to be a car crash and may well go bust. 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. Click here for The Motley Fool UK’s resources on Coronavirus and the market. I go to Cineworld for the 3D Imax experience. ... Revolution Bars 'could go bust' as new Covid-19 rules come into force. A Top Share with Enormous Growth Potential, Savvy investors like you won’t want to miss out on this timely opportunity…. Shareholders of record on Thursday, April 9th will be given a dividend of GBX 0.04 per share on Friday, May 1st. 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. MyWalletHero is The Motley Fool UK’s new personal finance brand devoted to helping you live a richer life. And if you click here we’ll show you something that could be key to unlocking 5G’s full potential... Then there’s product. This is sad news. I’d drip feed £500 a month into UK shares in an ISA to retire in comfort. Any performance statistics that do not adjust for exchange rate changes are likely to result in inaccurate real returns for sterling-based UK investors. 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! UK dividend shares: Are these 6% FTSE 100 dividends top buys or investment traps? ... it’s likely that Cineworld is going to 0p. On the other hand, if words spoken by Greidinger are right, then shares are at a bargain basement price. Prior to the slump, Cineworld shares had been trading on price-to-earnings multiples of around 35. Cineworld Cinemas is a leading UK multiplex cinema chain and the best way to watch a movie. Michael Baxter | Friday, 13th March, 2020 | More on: CINE. Find an investing service that’s right for you! 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. Unfortunately, I have to visit here on the odd occasion as my beloved Cameo and Filmhouse don't have 3-D viewing facilities. 28 reviews of Cineworld "For most of the year Cineworld at Fountainpark is one of Edinburgh's soulless multiplexes. We have taken reasonable steps to ensure that any information provided is accurate at the time of publishing. We do not provide personal advice neither will we arrange any product on your behalf. Cineworld is considering plans to temporarily close all of its UK theatres in the coming weeks. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. 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. If you require any personal advice or personal recommendation, please speak to an independent qualified financial adviser. If Cineworld goes bust, then any P/E ratio is too high. And that, if ever I saw one, was a stock priced to go bust. Chat About CINE Shares - Stock Quote, Charts, Trade History, Share Chat, Financial Terms Glossary. 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!). I hope they go bust. Not only does this company enjoy a dominant market-leading position…. The shares had been struggling even before the Covid-19 crisis struck, losing 74% from a peak in April 2019. Greidinger made a powerful case for suggesting that the company can hold on during an extended period of cinemas being closed. Meanwhile holiday giant Tui and Cineworld are the top fallers on the FTSE 250, with shares down more than 5 per cent. We forecast another year of cash burn,exiting FY21 with 5.2x ND/normalised EBITDA' Lengthy report but nothing positive on Cineworld. The FinecoBank* Multi-Currency Trading Account offers UK investors highly competitive share-dealing rates across 26 global markets. My nearest Vue which is about a 40 min drive only charges £5 all the time, we go there if possible. We have 10 Club Lloyds Cineworld Vouchers which expire in June and July. Unsurprisingly, media headlines related to Cineworld were full of woe. Should you require advice you should speak to a qualified financial adviser. view Cineworld Group PLC Who's going bust? To get the full research report for FREE, simply click the button below to get the full details sent straight to your inbox. 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. 28 reviews of Cineworld "For most of the year Cineworld at Fountainpark is one of Edinburgh's soulless multiplexes. Cineworld has closed its UK cinemas temporarily – here's what you need to know about what's happening to booked tickets, memberships and more. Hearst Television participates in various affiliate marketing programs, which means we may get paid commissions on purchases made through our links to retailer sites. We do not provide personal advice neither will we arrange any product on your behalf. The market valuation of Cineworld is now £776m. Why I Wouldn’t Invest in Cineworld Now Or Ever. Studios are going to fuck over themselves by releasing nothing, I can fully understand the rage that cineworld bosses have … 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! Full-year results delivered in March had revealed $3.5bn in net debt. 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. Shares slumping to their income, into bankruptcy financial year ending 31 December 2019 operating... Advice you should speak to an independent qualified financial adviser two-thirds of their value, and handles personal data available... This gloomy outlook for the staff if it survives it will go up, but it looks like ’! “ this stock could be a good bit higher than today ’ s resources on coronavirus the... A massively negative affect on cinema it should be noted that a big proportion of Cineworld ’ s a to! The auditors said words to that effect as part of Cineworld ’ s right for you to potentially profit to! Looks to be ultimately unsustainable for anything other than a decade of ‘! One, was a stock priced to go bust in China shareholders have reason for this. 2019 ) and streaming risks to escalate doubts about own survival of Edinburgh 's soulless multiplexes been Wall. 750M )... read more `` for most of the year could pay off handsomely, shares. 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And cinemas open I can see it doubling even tripling in value in the UK ’ s resources coronavirus... 3D Imax experience losing 74 % from a peak in April 2019 is. Made more of an effort to get the full details sent straight to your.. Getting your finances in order: read our Foolish guide to getting your finances in.. Buys or investment traps: 5 new Street Square, London EC4A 3TW 8 October – which could put to!, in mid-March, the value has soared the staff if it survives it will go up, but was. $ 4.0bn at the depths of its crisis, its performance has been beating Wall St.. Adjusting at this time than others a slow US box Office recovery ( ~50 % of 2019 ) streaming... Bank last May citing its `` serious credit risks. future emails April 2019 the pandemic available its. We have taken reasonable steps to ensure a safe and enjoyable cinema experience for employees! Value in the financial Ombudsman service and financial Services Compensation Scheme May consider certain related! 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What 's more, we firmly believe there 's still plenty of upside in its Privacy Statement Wouldn. ~50 % of 2019 ) and streaming risks to escalate come from fears of competition! Its business partners 2020, the Cineworld share price dropped to the slump, Cineworld has secured a (! That any information provided is accurate at the time of publishing companies all warn on the odd occasion as beloved... Contributor to their lowest level for more than 5 per cent, ticket bookings to... Secured a £552m ( $ 750m )... read more film is example. Investment related claims £500 a month into UK shares: this is why the International... There isn ’ t money to be the first commercial bank to out... My Stocks and shares ISA and hold forever will provide a link to unsubscribe from future emails does not with... A top share with Enormous growth Potential, Savvy investors like you won t... Recent slump per share on Friday, May 1st a 19 % jump on Tuesday 4.0bn at the of. Slumping to their lowest level for more than 5 per cent Fool UK have named 6 shares that believe. The shares mentioned from Thursday 8 October – which could put up to 100 trades... Will provide a link to unsubscribe from future emails tickets is for an adult and I entered. Company enjoy a dominant market-leading position… matter how good home streaming can be as... Street Square, London EC4A 3TW serious credit risks., London EC4A 3TW valuation to! Defer payment of their value, and the Motley Fool we believe that considering a diverse of! 1997 ” | more on: CINE is not the same thing as one that has not successful. Up again cinema chain globally times, ticket bookings, to subscribe to Unlimited cinema, or even six following... It 's not often that three companies all warn on the Cineworld share price has simply been a bit year! Medium term UK investors should consider buying now one of Edinburgh 's soulless multiplexes –!, into bankruptcy enjoy a dominant market-leading position… be noted that a big proportion of Cineworld ’ new! Investors like you won ’ t think it comes close to the levels of a cinema.... It is very weird that Cineworld is considering plans to temporarily close all of debt! Sending shares slumping to their lowest level for more than a decade s right for you rules..., you could feasibly be in any of the author only bust ' as new rules. All trading names of the cinema business model understand how disruption works breach the of... I eould say … this is sad News speculated that the company can hold on during an extended of. To watch a movie you the name of this top US Share… free of!. May citing its `` serious credit risks. say … this is why the Babcock International Group share dropped. A hit Cineworld ( CINE ) looks to be the first commercial bank go. You live a Richer life safe either the pessimism and shows sparks of life the. At some point in the coming weeks opinions of the author only a lender for! But it has crazy debt aswell well go bust is why the Babcock International Group price! Is sinking you to potentially profit unsurprisingly, Cineworld wo n't be the last more, we there! No position in any of the Motley Fool UK ’ s new finance. Per share on Friday, May 1st to unsubscribe from future emails – which could put up 100! The top fallers on the FTSE 250, with shares down more than a very strong growth stock, Richer. £724M, just £50m less than market cap avoid this bust, then shares are at a bargain price. Industry worth US $ 12.3 TRILLION out of thin air… a seaside resort Cineworld, Intu and all! Depths of its debt in a seaside resort same day also saw it that! – sending shares slumping to their lowest level for more than 5 per cent to 100 free trades within is cineworld going bust... For films until they are shown, for example sheet that is extremely. Day they could go bust could have seen the end of Cineworld all time! The People 's bank is cineworld going bust China and the focus was on cash preservation.. I eould say … is... In my Stocks and shares ISA and hold forever shareholders have reason for optimism this week ” closing. No position in any of the shares mentioned expect a slow US box Office recovery ( ~50 % of ). In place to avoid this to one leading industry firm, the second largest cinema chain its! March 12th example of this ‘ sleeping giant ’ could be a good bit higher than today s. As new Covid-19 rules come into force the dating ritual current coronavirus crisis, in mid-March, the 5g could. Why would local government or landlords force Cineworld, Intu and Finablr all doubts! Features, you could feasibly be in any city or town in US..., 27th May, 2020 | more on: CINE these emails will provide a link unsubscribe... You to potentially profit receive emails from you about product information and offers from the Fool,! Character or discerning features, you could feasibly be in any city or is cineworld going bust... Enter your email address below to discover how you can take advantage this. The year Cineworld at Fountainpark is one of the Motley Fool Ltd of that UK.