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Cheers Dean. Good luck to you
Jai,
Not in ccl, although keeping an eye on it. Unlike planes, cruises cant really social distance and function without close contact. A cruise is more of a holiday on board rather than a direct travel to a country where you get off and stay for 2 weeks then travel home again. You're lucky if your on a plane for 3/4 hours, where as crusises you could be on them for a day, which is difficult to maintain social distancing and enforce it.
It's something that I will try and trade on news though.
Just my view again though as their price is dirt cheap at present, not far from their lows at the beginning of covid and miles off their highs.
Dean, thanks for your input. Are you in ccl
Hi JaiBaba,
As soon as the crash hit, i waited a little bit to make sure they had the finances to continue and picked my way through the weak to the strong! The majority of my portfolio is in travel and when things get a little better for aviation i'll earn a substantial earner!
Not even looking for the highs on the airlines, which is more achievable on a quicker timescale, but if holding for the highs I believe they will come and probably better than previous highs as companies have had to restructure and manage the books but cutting staff, retiring old planes and cancelling orders. This will all do them well in the long run.
In relation to TUI, i avoided them. They were not one I had confidence in just due to debt and business models, but, lots of people invest in them so its basically down to your own views and research!
Evening Dean. Are you in travel stocks? Tui is on my watchlist and as we all know they were trading around 9 quid before this madness arrived. Care to share some thoughts. If you don’t need the cash for a year or 2 that could be a massive winner I feel
Welcome Newbie2020, again. Still don't think you should have pulled out the airline stocks as they are very similar to cineworld and long term will provide very good returns! However, good luck and welcome aboard. I was holding cine for a while but cashing in on the trading volatility also. Traded yesterday but bought back in again this morning, holding now, again as big news on it's way very soon. Massive companies don't just buy 3 & 4% stakes of a company out of the blue, especially just after potential take over news!
Aviva buying 4.89% and Jango 3.31% means that large companies have faith in Cineworld. Not too mention a possible takeover attempt in the next few months. You should at least double your money. More likely more than double your money.
After alot of research and reading thru many helpful and factual posts on here regarding figures/technicals I'm 91k in here at 46pence average.
Let's hope results in sept are better than expected which a few of you lot posted about cine keeping costs down and negotiating with landlords etc.
Pls god allow majority USA cine to open on or before 21st lol.