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Evening all.
A bland week for our share but the one thing that did surprise me is that Jangho are still in.
I really thought they'd sold out after the other week's spike.
England lockdown should in theory not affect us but this is a London listed stock so expect a hit on Monday (or opportunity depending on your point of view).
The stand out for me from Boris' address today was regarding the rapid testing.
That will REALLY help Covid affected stocks and can see it being linked to an app soon enough.
I'm combo with the vaccines (many of which will apply for the green light in November), that should put us in a great place by spring time to open at full capacity providing customers scan their Covid app on arrival / online on the day.
We also have the U.S election.
It doesn't matter who wins, markets just like stability so it'll be good to get that over and done with.
All that considered, expect Cine lenders to decide to get us through 2021 and recoup their debts with interest over the long term.
But expect that announcement some point in November and certainly after election results, subsequent fallout from said results and vaccine news has been digested by the board, lenders and negotiators.
TL:DR; Cine ain't going bust. Hold on for the long term. Big month coming up. Enjoy the ride... And your drinks tonight!
Love and kisses, Crumpets. Xx
Investors will sell. Traders will snap up bargains. That is the difference. The big boys see opportunity where others fear to tread.
It’s good for Cineworld I think as, Cineworld made right decision at right time. Gov’s plan is to roll out the vaccine in December and according to the forecast it’s says that cases will start dropping from January. So, only upwards from here.
Exactly. Markets won't think rationally nor will investors that may have recently bought or who can't think long term. It's a shame really. Just going to put a further drag on the delay to stability.
There will be a drop. MMs are taking this up and down while they have news that can justify it. Profit on the drop and profit on the rise; it’s just capitalism.
It’s not right as we are shut so a lockdown doesn’t matter a jot, sadly though it’s what we have to tolerate.
Not long until vaccine news and debt restructuring news. That is the only thing that will get us back on track and it will.
Obviously we also have to factor in the “Insi Impact”, nobody moves markets like him/her.
GLA LTH
Insi - try post news that is relevant to this decade
"Rationally" thinking, this shouldn't have an impact upon CINE. Their cinemas are already closed in England.
If there is a drop and it's only in the 5 - 10% range then we can hardly say " it ain't pretty" as that only takes Fridays rise out.
AGAIN England is not the world!
Regards Cineworld USA might be considered the world (c.75% of estate) , where all the big studios (suppliers) are.
Cineworld is currently already "in lockdown" so if any effect it brings entitlements to government payments that will likely come into force for businesses unable to trade during lockdown.
This is the rational case of the news. However we all know (or should) that stock markets often do not react fully rationally.
At least we know already that it's unlikely to be positive. Good time to top up. Anyone who bought and sold last week, did well. I expect a 5-10% drop come Monday