Will the Cineworld (CINE) share price rise with soaring seat sales?

first_img See all posts by Cliff D’Arcy Enter Your Email Address 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. Looking for new share ideas?Grab this FREE report now.Inside, you discover one FTSE company with a runaway snowball of profits.From 2015-2019…Revenues increased 38.6%.Its net income went up 19.7 times!Since 2012, revenues from regular users have almost DOUBLEDThe opportunity here really is astounding.In fact, one of its own board members recently snapped up 25,000 shares using their own money… So why sit on the side lines a minute longer?You could have the full details on this company right now. Simply click below to discover how you can take advantage of this. With the developed world emerging from pandemic lockdowns, everyday life is set to resume. And one great pleasure of modern life — going to the cinema — is now an option for consumers. So what could happen to the Cineworld (LSE: CINE) share price?The Cineworld share price collapsesCineworld is the globe’s second-largest cinema chain. At the end of last year, it had 9,311 screens across 767 sites in 10 countries, employing 30,000 people. However, when Covid-19 lockdowns arrived in spring 2020, the business was taken almost to the brink. With cinemas shuttered, CINE’s sales cratered. Revenues collapsed from $4.37bn in 2019 to $852m in 2020, crashing by more than four-fifths (80.5%). Such a severe contraction proved disastrous for the Cineworld share price.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…Two years ago, the Cineworld share price was riding high. On 29 April 2019, CINE shares closed at 321p, close to all-time highs. By the end of 2019, the stock had dropped more than £1 to 219.1p, but the worst was yet to come. During ‘Meltdown March’, the shares closed at a low of 21.38p on 17 March, down more than nine-tenths (90.2%) in 2020. Throughout 2020, there were real fears that the company might not survive multiple enforced shutdowns. Thus, on 5 October, the stock hit a new intra-day low of on 15.11p. Yikes.Cineworld comes back from the deadHowever, like a zombie in a George Romero horror movie, the Cineworld share price came back from the dead. The shot in the arm was the announcement in early November of several effective Covid-19 vaccines. This breathed new life into the stock. It more than quadrupled from its October trough, ending 2020 at 64.1p. However, as vaccination programmes were rolled out, the shares kept soaring.On 19 March 2021, the Cineworld share price hit an intra-day high of 124.85p, before closing at 122p (2021’s closing high). What a comeback from the March 2020 lows. But CINE shares have been in decline since then. As I write, they trade at 89.69p, down 35.16p — more than a quarter (28.2%) — from their 2021 high. With the share price falling and seat sales resuming, is now the time to buy CINE? I like the stock todayAs a traditional value investor, I try to stack the odds in my favour by buying into companies with strong cash flows, profits, and cash dividends. Obviously, Cineworld doesn’t currently fit that description. Today, Cineworld has a market value of £1.2bn, but also carries $8.3bn (£5.86bn) of net debt, which is a huge burden. The business lost $3bn in 2020, versus a profit of $212m in 2019. Clearly, getting back to profitability is going to be an uphill struggle for the group. Just a month ago, I passed on buying CINE with the Cineworld share price at 95.66p. But with the shares now trading below 90p, my mind is changing.CINE now has plenty of liquidity and cash at hand to support it until life returns to a new post-Covid-19 norm. Furthermore, the group issued an upbeat trading update today, confirming that 502 (97%) of its US cinemas are now open. It also confirmed receipt of a $203m tax refund from the US government. And UK ticket sales for children’s film Peter Rabbit 2: The Runaway were strong. Finally, there may be light at the end of the tunnel for Cineworld. For this reason, I would buy CINE stock at the current price as a recovery play. 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. Cliff D’Arcy | Monday, 24th May, 2021 | More on: CINE Our 6 ‘Best Buys Now’ Shares One FTSE “Snowball Stock” With Runaway Revenues Image source: DCM Cliffdarcy 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. Will the Cineworld (CINE) share price rise with soaring seat sales? Grab your free report – while it’s online.last_img read more

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Rob McClure to Star in Irma La Douce at Encores!

first_img Star Files After a three-year run in Paris, an English-language version of Irma La Douce, directed by Peter Brook, appeared in London and then on Broadway, where it opened at the Plymouth Theatre on September 29, 1960 and ran for 524 performances. The score produced one standard, “Our Language of Love,” and also features “The Valse Millieu” and “Dis Donc.” View Comments Jennifer Bowles (Matilda) will play the title role opposite Tony nominee Rob McClure (Chaplin) in a New York City Center Encores! production of Irma La Douce. With music by Marguerite Monnot and English book and lyrics by Julian More, David Heneker and Monty Norman, the show is adapted from original book and lyrics by Alexandre Breffort. The final production of the 2014 Encores! season, Irma La Douce will run for seven performances, May 7 through May 11.center_img Irma La Douce will be the first musical at Encores! not written on American soil. The show tells the tale of a Parisian lady of the evening (Bowles) and the law student (McClure) who falls in love with her. Directed by John Doyle and choreographed by Chase Brock, Irma La Douce will also feature Sam Bolen, Allan Corduner, Ben Crawford, Stephen DeRosa, Ken Krugman, Zachary James and Chris Sullivan with Kurt Froman, Joseph Medeiros, Joseph Simeone and Manuel Stark. Rob McClurelast_img read more

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