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For myself i look upon a possible drop to low/sub 80p as a buying opportunity. So, if the SP drops due to Boris' statement at 5pm then i think that will be sentiment driven. Remember, Cine takes only 15% revenue from UK cinemas.
Long from last week @ 87.92 & 85.86 respectively with 14,000 shares.
Will top up to 20,000 given any drop.
Remember too, this was 97p a matter of day's ago.
Good luck all.....
Pig
my stop loss got hit lol but it was really low so I'm good. now I need to decide if I'm going long or going short again
Just two problems with that statement.
Fast and Furious 9.
24th June June UK. 25th June USA.
https://www.youtube.com/watch?v=aSiDu3Ywi8E
Black Widow. (Marvel studios)
9th July
https://www.youtube.com/watch?v=ybji16u608U
Suggest you research the Box Office money that both franchises have brought in.
just opened up a quick short to close at 79p tmrw lol. trading 212 increased their margins
The delay of reopening the economy should not affect cineworld as we are now in low season for cinema going as most are interested in summer sports holidays etc. This is why no major releases are planned for summer.
Well I think we all suspected that it would be delayed, and if we did, then I think most of the big investors will have done too - so hopefully not too big of a drop - but what will be will be, makes little difference in the short term.
To be honest, I'd rather a delay on this side of stage 4 opening, than another full lockdown. So choosing to look at it as the second best option and a bit of short term pain for a long term gain.
We're still open and money is still coming in - plus we're hardly the biggest market for CINE.
In terms of the US box office (which is our biggest market), well it's looking fantastic! (relatively speaking)
Last month the US box office made 208,340,626 (which is itself a 220% increase on January at 65m)....we're not even half way through this month yet and we are 4/5ths or 80% (whichever you prefer) of the way to last month's takings at 166,391,128 - c64m taken this weekend alone!
So that month on month increase is on track to continue, and with F9 just around the corner, I think it's going to be a very good month for the BO, and just another step in taking us closer to where we all want to be.