|Bid||0.0000 x 130000|
|Ask||0.0000 x 130000|
|Day's Range||0.4548 - 0.4942|
|52 Week Range||0.2403 - 2.7080|
|Beta (5Y Monthly)||2.11|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Apr 09, 2020|
|1y Target Est||N/A|
The world’s second-largest cinema chain posted a $1.6 billion loss in the first half of 2020 and its stock dropped 16% in London trading.
The cinema chain warns it may need to raise more money in the event of further coronavirus restrictions.
The Regal cinema owner, which counts United States as its largest market, said it was in talks with lenders to avoid an impending loan default, and flagged survival risks as studios delay major releases and people stay away from theatres. New curbs could be a major setback after Cineworld reopened 561 out of 778 sites, highlighted the strong performance of Christopher Nolan's "Tenet", and said it was looking forward to other big releases. Cineworld boss Mooky Greidinger, however, said his company would stick with the traditional script.