Cineworld drops on Coronavirus fears

0 mins. to read
Cineworld drops on Coronavirus fears
Master Investor Magazine

Master Investor Magazine 60Never miss an issue of Master Investor Magazine – sign-up now for free!

Read the latest Master Investor Magazine

FTSE 250 entertainment firm Cineworld Group (LON:CINE) watched its share price fall by 8.02% to 111.75p (as of 12:45 GMT), despite its announcement that it has seen no material impact on admissions from COVID-19 to date. While some films such as the upcoming Bond movie have been delayed, the studios have advised the group that they remain broadly committed to their prior release schedules.

Management said that should conditions change, they have room to adapt through capex postponement and other cost reductions.

On 30th July at 1pm we’ll be holding the next live Q&A webinar with the Master Investor himself, Jim Mellon. Please share a question for Jim below and we’ll try to answer as many as possible in the live webinar. Sign up for the webinar here.

Are you interested in joining Jim's webinar?

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *