Cineline India – Picture abhi baaki hai

Have been following the company for a year now

Two issues that have to be looked upon

1. Monetization: If you look at the investor presentation for the past 2-3 quarters there is a slide that is missing

   

   It was a major part of my thesis, bottomline will keep on suffering due to delay in monetization of this.

2. Growth: This year they added only 1 property and 3 screen as compared to 17 and 61, again if the monetization happens the expansion can happen at much faster pace.
   Growth was majority driven by box-office number than expansion

   

Disclosure: Invested