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I can't see it going up by more than 3%. Days where people have predicted large rises, its flattered to deceive. So around the 36p mark.
With news of studios being able to buy cinemas and closing date of US cinemas opening. Plus looking at the liquidity of the cinemas not going bankrupt anytime soon. I expect this to touch 40p maybe more. The Shorters will close their positions when the SP rises. One analyst could not see studios wanting to buy cinemas. But he was going on about VOD being the future. Only one film has been released like this and it failed. Studios need the taking of the cinema to make a profit. So buying a cinema and taking 100% of the box office, plus snack and beverages profits and also a place to sell studio merchandise for their films. Not to mention it gives the, far greater control on promoting their movies. I see this analysis as wrong. Disney and Warner Bros will start looking at buying a chain and will have a team set up into looking at the best way to proceed..
I think it will touch 39 intra day but can't predict closing SP for this.. anyday it can jump 20/30% when the short will start to squeeze. To me, it's coming soon.
Any finish in the blue for the week would be good, think any big move will come on results day or any updared vacine / US cases news...
Close about 40p for Monday
Close about 60p for week
38.5p
Just a little game whilst the markets are shut.
All guesses welcome, negitive and positive.
I think we will get a slight jump in the morning and then close around 37p by the end of the day. Reason for this is due to FTSE rise in general.
Indep, ocean and shorter, we can assume you are going to say 19p but your opinions are welcome.