Why isn’t the Cineworld share price rising faster?

first_img 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. Our 6 ‘Best Buys Now’ Shares 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. Rupert Hargreaves 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. The Cineworld (LSE: CINE) share price has been rising recently, but perhaps not as fast as some investors might like.Indeed, even though the company has recently reopened all of its theatres across the UK and US, the stock has fallen more than 20% from its 52-week high of 122p, reached in the middle of March. Over the past 12 months, the stock has returned -1.2% overall. 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…Shares in the cinema group have languished despite the company reporting a “strong opening weekend” last weekend. In a statement to the market last week, the firm said that more people than expected returns to its theatres as the UK lockdown eased.It also reported “good concession income” as cinemagoers stocked up on treats. Cineworld has reopened 97% of its cinemas in the US and expects to open most of its screens around the world by the end of May. Cineworld share price outlook In theory, now that customers are returning, the market should be more receptive to the Cineworld share price. When the stock reached its 52-week high back in March, it didn’t have any income, and some serious questions were being asked about whether or not it would be able to survive. However, today customers are spending their money with the business, which should provide much-needed cash flow to service debts and meet other obligations. This suggests to me that the stock should be worth more today than it was in March. But, unfortunately, the market tends to concentrate on what could happen in the future rather than what’s happening right now. And it seems to me this is why the Cineworld share price has struggled to move higher in the past few weeks. It looks as if investors are concentrating on the company’s risks. There are quite a few. Cineworld’s debt pile has ballooned to more than eight times earnings before interest, tax, depreciation, and amortisation (EBITDA) over the past 14 months. I tend to think businesses with a debt-to-EBITDA ratio of more than two or three are too risky. What’s more, the business is highly susceptible to further coronavirus restrictions. Packing a large number of people into an enclosed space is exactly the kind of environment where the virus thrives.Coronavirus threat If there’s another wave of the virus, Cineworld is likely to be one of the first companies to feel the pain. With so much debt on its balance sheet, the group can’t really afford another shutdown. Considering these risks, it’s clear to me why the Cineworld share price isn’t rising faster despite the reopening of cinemas. Indeed, even though the company’s prospects have improved marginally over the past two weeks, I am going to be staying away from the stock myself.I think the risk of another shutdown and the impact that may have on the business is just too great. I’d rather buy other companies with cleaner balance sheets and better growth prospects.  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. Image source: Getty Images See all posts by Rupert Hargreavescenter_img Enter Your Email Address One FTSE “Snowball Stock” With Runaway Revenues Simply click below to discover how you can take advantage of this. Grab your free report – while it’s online. Rupert Hargreaves | Monday, 31st May, 2021 | More on: CINE Why isn’t the Cineworld share price rising faster?last_img read more

Good luck, but fight harder, West Indies!

first_imgDear Editor,First, congratulations to the West Indies for making it to the World Cup 2019. However, there are some gaps in the team. We need an experienced wicket taking spinner to bowl the middle overs, even opening the batting if needed. The great Chris Gayle’s fitness and age seem to have taken its toll on the Universe Boss. Sunil Narine may be the best candidate for recall, especially since his batting has improved also, but he has to get his action cleared. Shai Hope has to increase his scoring rate, while Bishoo has to air the ball more, and bowl more accurately. Shimron Hetmyer is one of my favourite young batsmen, and we hope he makes use of his undoubted talents and makes it all the way to the top.Some sort of amnesty must be worked out to get match winners like with Pollard, the Bravo brothers, Simmons, Badree, Russell and others who are definitely more suited for One Day cricket. Also, why is Phil Simmons not a part of the West Indian management outfit? Simmons had proved his coaching ability with assisting lesser teams, most recently Afghanistan in reaching the World Cup qualifiers, despite all odds.We hope West Indies will compete hard and effectively. Hopefully win, if possible, although that is very unlikely. The other team members cannot leave everything to the captain Holder. The fact that he had to summon Evin Lewis from the pavilion to take the field to qualify to open West Indies batting, and step up in all roles when his team fails, happens too often. Every player needs to pull his weight. Cricket remains a game of glorious uncertainties, so step up Windies, the entire Caribbean will be rallying around you!Sincerely,Albert Baldeolast_img read more

Temps could break records this week

first_imgThis year, nothing could be better for local area farmers and ranchers, not to mention wildfire fighters, provided it comes with little or no lightning and extends over the entire Peace/Liard region.So far, the airport station has recorded only 2.8 millimeters of rain this month and only 46.1 mm since the first of June. The local area average for June and July combined is 140.8 millimeters.As for the forest fires, the province-wide burn area this fiscal year is now estimated at just over 215,000 hectares, with more than 72 per cent of it still listed as in the Prince George Fire Centre. After finishing June with record highs on three of the last four days of the month, the local airport weather station has yet to post a daily record in July.However, that could change today or tomorrow with the forecast calling for highs of 27 C today and 29 C tomorrow.The current records for July 7 and 8 are 27.3 C and 29.8 C — both set in 2010 — and, if the forecast is accurate, we could set new records on both days this year, without matching last Thursday’s high.That was 30.4 C and it just missed the July 2 record of 30.7 C recorded in 2006.- Advertisement -Meantime, the forecast also calls for another drop in temperature on Thursday, with a high of only 23 C, and the possibility of a double digit rainfall total.However, the chances of that total approaching the local area precipitation record are slim, as this coming Thursday is also the 43rd anniversary of the wettest day of this month in the airport station’s recorded history.Again we note, those records date back to 1942, and it was July 9 of 1972 that the station posted a rainfall of 60.2 millimeters — or nearly two and half inches.Advertisementlast_img read more