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It's only the rise off of last nights article starting to take effect now, after the customary daily steal of shares. No way should it have gone down this morning.
Too late now to be booking summer holidays and with such uncertainty so staycations look intact and childrens films sell movies in 3,4,5,6's with siblings and extended family also venturing along.
Well worth reading that article again from start to finish imho and remembering what it says.
https://www.standard.co.uk/business/summer-box-office-bounce-uk-cinema-recovery-ukca-b949162.html
The shorts have got hold of this stock just forget about until 2023
If we have another drop and you get worried just read this, it’s only a loss if you sell!
Ps just shorted robinhood on 212 CFD at $68 all going well profits will be going j to cineworld tomorrow afternoon
https://www.standard.co.uk/business/summer-box-office-bounce-uk-cinema-recovery-ukca-b949162.html
P95, thanks for finding the article. Just opened a new thread for this.
Clearly recovery is on the way. If UK is seeing such recovery then US surely will have more rapid recovery as the craze for movies over there is more than here.
Bit I like from the article -
"Last weekend – the best since February 2020 – confirms the ongoing and strong recovery being seen by cinemas across the UK, driven by a clear desire from audiences once again to share the big screen experience with others, backed up by a exceptionally strong slate of films now and over the coming months."
This is what we all have been saying. Clear desire from audiences to step out of their house and enjoy the experience and same opinion is echoed by the industry expert. Hope alteast now 77 stops his rubbish about the streaming.
""With people perhaps choosing to staycation over holidays abroad over the summer and beyond, we have every reason to hope that that recovery will if anything accelerate as the year progresses."
"The slate of films set to be released in the coming months - and which cinema chains hope will prove financial winners - includes a handful of sequels to box office big-hitters. "
Like we discussed, even industry expert says recovery is accelerated in the second half and this is what market should be looking forward on the results day.