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Well it’s a good job I am not invested in cine. But it was a possibility as momentum can be a good thing.
This is true smithy. It went up on good first group news a few weeks back to over 130 then few days later could be had for 115. Any sort of lockdown is bad but if there is job scheme in place and guaranteed a lot of revenue then it won't drop massively I believe. after all it did fine in the first lockdown hovering round the same price with only CEO leaving dropping it massively. I reckon anything between 120 - 130 is a good price anything below a short term blip as evidences a lot lately and a massive bargain.
However long term is my view and if in five years it is still around this price then the world has big problems.
Maybe not uk
the UK market is really small beer here. Mostly Government backed anyway (WM/Dundee) intercity coaches will probably be operating at breakeven or small profit. The interims will show a nice return to profit. so another green day in a few weeks. Who said Cineworld was the double bubbler on here?? LOL
Europe is a big part of this share price, maybe not up so much but Europe is, I understand that a lockdown doesn’t seem likely right now but gov will be put under increasing pressure in the winter months.
Agree this is £4 in next 24 / 36 months. It might bounce about a bit for a while sure. Crazy times at mo
UK lockdown will not have a major effect on NEX even though the chances of one are remote. That is a small part of its business. USA, Spain and Morocco is where they mostly earn their bread and butter and from todays update its looking very rosy. Onwards and upwards from here. Should hit £2 before the end of the year if not a lot sooner. Long term this has got a target of £4 IMHO.
Hey Smithy I think if Boris is going to put a tighter lockdown than this one, it will be before Christmas.
Covid numbers will rise and so will the pressure on gov for lockdown, winter is going to be bleak if the vaccine isn’t out and as we all know a little bad news makes us drop like a rock off a cliff. All I would advise is be patient and load up on the dips, if we get to feb and it stays above 130 then it won’t drop again imo obviously it is just an assumption but being patient can’t be a bad thing.
What are your reasons for saying we might have a big dip at Christmas Smithy21
I don't think anyone has missed the boat here not yet anyway, what about all those who have bought in at a lot higher price than today including me, it just depends if those wanting to buy in now thinks it could retrace in the coming days, a lot now will depend on what Boris does, if only he would stop listening to those 2 doom mongers, and let people decide what they want to do.
I know we have had a good report, just be careful loading up at 137+ as we might see a big dip around xmas, I don’t want to be negative about this share as I am a strong hold, but we might get chances at 125 again so be patient, very happy with the new contract and buses filling up again but unless the vaccine gets out before xmas expect a dip. Of course you would still get your money back long term so load up if that’s what you want to do. Best of luck nexers
precisely
This was at 270p in the peak of covid, we are now in a fundamentally better position months later with no chance of a major 2nd lockdown, the SP has risen 9.6% to 137p and people are saying theyve missed the boat?
facepalm