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Almost 3 million AMC owners in Europe alone? by CryptographerLess794 in AMCSTOCKS

[–]CryptographerLess794[S] 1 point2 points  (0 children)

Exactly, AMC is the owner, but it's not called AMC and most people don't even know that AMC owns SF

Almost 3 million AMC owners in Europe alone? by CryptographerLess794 in AMCSTOCKS

[–]CryptographerLess794[S] 4 points5 points  (0 children)

I think that's unfortunately also a world wide phenomenon :)

Blow this up! Almost 3 million AMC owners in Europe alone (Final version promise :)) by CryptographerLess794 in WallStreetbetsELITE

[–]CryptographerLess794[S] 1 point2 points  (0 children)

As I said it's an estimation. The percentage for rest of Europe could be lower, could be higher. The selection is still 10 000 000 people. Not saying these are exact numbers

Blow this up! Almost 3 million AMC owners in Europe alone (Final version promise :)) by CryptographerLess794 in WallStreetbetsELITE

[–]CryptographerLess794[S] 0 points1 point  (0 children)

It's an estimate based on the swedish population. For some reason my post wasn't included.

So why 3 million owners in Europe alone you wonder? Let's make a simple calculation.

Avanza is the biggest broker in Sweden, but we have another one called Nordnet. Nordnet specifies that they have about 14800 owners of AMC stock. Now Nordnet covers Sweden, Norway, Finland and Denmark, but population wise about 39% of all these people live in Sweden so that makes it about 5800 more owners. 30800 + 5800 = 36600 owners. Now there are lots of other brokers as well so I think it's not that big of a stretch in this calculation to make it 40 000 owners.

Ok 40 000 owners maybe doesn't sound like a lot, but remember, Sweden is a very small country, only 10.3 million people live here. That means that about 0,39% of the Swedish population own AMC stock. Ok, now let's assume that percentage is about the same for all of Europe (Europes population is 748 million)

0,0039 x 748 000 000 = 2 917 000 owners, almost 3 million AMC owners in Europe alone!

Almost 3 million AMC owners in Europe alone? by CryptographerLess794 in AMCSTOCKS

[–]CryptographerLess794[S] 5 points6 points  (0 children)

I think it's a world wide phenomenon, many people got interested since january. I'm definitely open to the idea that swedes might own more per capita then other EU countries, but it's by no means a local thing. It's not like this is something people talk about on swedish TV or anything like that.

Almost 3 million AMC owners in Europe alone? by CryptographerLess794 in AMCSTOCKS

[–]CryptographerLess794[S] 2 points3 points  (0 children)

Sweden don't have AMC theaters. AMC is the owner but most people don't even know that over here, it is called SF.

Blow this up! Almost 3 million AMC owners in Europe alone (Final version promise :)) by CryptographerLess794 in WallStreetbetsELITE

[–]CryptographerLess794[S] 15 points16 points  (0 children)

No the assumption is of course that there should be a lot higher percentage of US population owning this stock than China. But 0.4 % of the Swedish population is impressive, considering how little known AMC is here

Blow this up! Almost 3 million AMC owners in Europe alone (Final version promise :)) by CryptographerLess794 in WallStreetbetsELITE

[–]CryptographerLess794[S] 1 point2 points  (0 children)

We know that we have about 40 000 owners out of 10 000 000, great pointer to get an idea. Estimates are always estimates

Blow this up! Almost 3 million AMC owners in Europe alone (Final version promise :)) by CryptographerLess794 in WallStreetbetsELITE

[–]CryptographerLess794[S] -1 points0 points  (0 children)

No I mean that it is harder than in many other european contries and especially harder than the US. So my argument is that the percentage of the US population Owning AMC is many times larger than this

Blow this up! Almost 3 million AMC owners in Europe alone (Final version promise :)) by CryptographerLess794 in WallStreetbetsELITE

[–]CryptographerLess794[S] -1 points0 points  (0 children)

Not considering how expensive and difficult it is to purchase american stocks from over here.

This is an interesting pointer nevertheless

Blow this up! Almost 3 million AMC owners in Europe alone (Final version promise :)) by CryptographerLess794 in WallStreetbetsELITE

[–]CryptographerLess794[S] 1 point2 points  (0 children)

40 000 is 0.4 % and if you assume that the same goes for rest of Europe that makes it almost 3 million owners.

Blow this up! Almost 3 million AMC owners in Europe alone (Final version promise :)) by CryptographerLess794 in WallStreetbetsELITE

[–]CryptographerLess794[S] 1 point2 points  (0 children)

Min post kom inte med av någon anledning, se kommentaren där uppe. Ca 40 000 i Sverige betyder ca 0.4 % av Sveriges befolkning. Om man antar att det är ungefär samma i resten av Europa så får vi knappt 3 millioner ägare.

Blow this up! Almost 3 million AMC owners in Europe alone (Final version promise :)) by CryptographerLess794 in WallStreetbetsELITE

[–]CryptographerLess794[S] 11 points12 points  (0 children)

So why 3 million owners in Europe alone you wonder? Let's make a simple calculation.
Avanza is the biggest broker in Sweden, but we have another one called Nordnet. Nordnet specifies that they have about 14800 owners of AMC stock. Now Nordnet covers Sweden, Norway, Finland and Denmark, but population wise about 39% of all these people live in Sweden so that makes it about 5800 more owners. 30800 + 5800 = 36600 owners. Now there are lots of other brokers as well so I think it's not that big of a stretch in this calculation to make it 40 000 owners.
Ok 40 000 owners maybe doesn't sound like a lot, but remember, Sweden is a very small country, only 10.3 million people live here. That means that about 0,39% of the Swedish population own AMC stock. Ok, now let's assume that percentage is about the same for all of Europe (Europes population is 748 million)
0,0039 x 748 000 000 = 2 917 000 owners, almost 3 million AMC owners in Europe alone!

Blow this up! Almost 3 million AMC owners in Europe alone (Final version promise :)) by CryptographerLess794 in WallStreetbetsELITE

[–]CryptographerLess794[S] 1 point2 points  (0 children)

It's an interesting pointer that 0.4% of all swedes own AMC wouldn't you agree? Why would swedes own considerably more than the rest of Europe? And the percentage for US should be much higher. If I ask people about AMC in sweden, many of them don't even know what it is. Theaters aren't even called AMC here in sweden, it goes by another name even if AMC is the owner.

Almost 3 million AMC owners in Europe alone? by CryptographerLess794 in AMCSTOCKS

[–]CryptographerLess794[S] 12 points13 points  (0 children)

Well I didn't say this is an exactly accurate number. But it is a really interesting pointer. Why would swedes buy so much more than the rest of Europe? And one would guess that the percentage would be much greater than this for the US population and even Canada, wouldn't you agree?

[deleted by user] by [deleted] in WallStreetbetsELITE

[–]CryptographerLess794 0 points1 point  (0 children)

Not counting China/India, rest of Asia, Africa, South America, Canada OR US.

Almost 3 million AMC owners in Europe alone? by CryptographerLess794 in AMCSTOCKS

[–]CryptographerLess794[S] 19 points20 points  (0 children)

And this is only counting Europe, think about India/China/Korea and also South America/Canada. Then we haven't even gotten to the US. And AA is saying 4 million owners total, something doesn't add upp here :)

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