![]() ![]() Which makes them more suited to short-term trading opportunities. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks.ĬFDs attract overnight costs to hold the trades, (unless you use 1-1 leverage) But with traditional stock trading, you buy the shares for the full amount. However, with traditional stock trading you enter a contract to exchange the legal ownership of the individual shares for money, and you own this equity.ĬFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. You can still benefit if the market moves in your favour, or make a loss if it moves against you. With CFDs, you never actually buy or sell the underlying asset that you’ve chosen to trade. The main difference between CFD trading and stock trading is that you don’t own the underlying stock when you trade on an individual stock CFD. Read more: Ape army pushes AMC stock to four-year high In August, AMC beat both earnings and revenue estimates as the cinema chain outlined plans including a move into digital payments as well as airing live events. No financial data or figures were issued by AMC in its statement. October saw the release of the Daniel Craig headlined James Bond movie No Time to Die, the Tom Hardy comic book action movie Venom: Let There Be Carnage and the latest big-screen adaptation of Dune, the influential 1965 sci-fi novel from Frank Herbert.ĪMC also said "October 2021 ticket admission revenues at AMC’s international theatre locations also were the highest of any month since the pandemic."ĪMC owns the Odeon Cinemas Group, UCI Cinemas and the Nordic Cinema Group. In a statement released Sunday, AMC said "domestic industry box office for October 2021 is estimated to come in considerably higher than that of any previous month since February of 2020." Covid-19 forced the closure of movie theatres across the US in March of last year. The largest US movie exhibition company confirmed the highest monthly ticket revenues since the forced closure of theatres early last year. While no one has a perfect crystal ball, it would seem that more blockbuster activity likely will come starting in the spring and summer of 2022, continuing through year-end.An AMC cinema in Marlton, NJ – Photo: ĪMC Entertainment Holdings shares rose 4% on Monday as the cinema chain confirmed October box office numbers and set a date for third-quarter earnings.Īs at 11:10am EDT (UTC-4) shares were up 4% to $36.76 on the New York Stock Exchange. ![]() While they are more than quintuple that of last year, they are nonetheless well short of pre-pandemic numbers. The January and February domestic industry box office numbers are already known. We should point out, however, that the box office pacing and our results in 2022 are expected to be heavily weighted towards the second half of the year. ![]() Bookings are very strong for 'The Batman' which opens this weekend, and we have movies like 'Top Gun: Maverick,' 'Jurassic World Dominion,' 'Black Panther: Wakanda Forever,' 'Avatar 2' and many others that will excite us all this year. We are quite bullish that for the full calendar year of 2022 the industry box office could be nearly double that of 2021, with COVID impacts easing, with more and more major films on the docket for release, and with most major studios coalescing around an exclusive theatrical window of 45 days or more. "The fourth quarter of 2021 proved once again that moviegoers want to see movies in theaters. You can read Adam Aron's prepared statement below. Tracking remains favorable for the upcoming superhero movie, but /Film's Ryan Scott recently wrote about how that might be reason to be concerned moving forward. After "No Way Home" more than did its part in keeping theaters full, the DC movie essentially has the entire month of March to itself, sans competition. ![]() We're not quite out of the danger zone just yet, which is why the release of a movie like "The Batman" looms so large. Even with their recent gains, the company still recorded a loss of $134.4 million in Q4 of 2021, but that's the magic of corporate accounting. According to Variety, Aron responded to concerns that theaters wouldn't be able to recover from the pandemic with, "What a load of cow dung." For context, at this time a year ago AMC recorded a loss of a whopping $946.1 million. And by all accounts, the CEO was feeling a little feisty, too. On the bright side, however, Aron was able to bask in the glow of extremely positive revenue reports during AMC's recent earnings call. ![]()
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