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Reality is a 52p finish at the end of the day.
GLA
Crumpets is spot on in my opinion.
People comment on how we are extremely undervalued, comparing us to AMC with share price and how we should have a recovery just like theirs. If only we had...we’d all be rich.
Most articles have been stating how cinemas are running at 20-25% from this time last year and revenues will reflect that. If that is so, then this time last year, our share price was approximately 230p...so a simple calculation of 20-25% of that would place our share price at 46-57.50p.
So we are about where we should be if these estimates are correct.
Hopefully tomorrow mornings RNS will paint a better picture on revenues and talk up the negotiated rentals and debt arrangements. Thus causing the spike crumpets mentioned.
GLA
I think if bond gets delayed then it’s going to impact the price a lot.
If mooky can assure he has enough in store to get through winter and till a vaccine comes then it’s gonna be a hell of a year with all those releases.
You're right JWD in reality it is more of a positive thing in the broader scheme of things but the market might not like it in the short term, but then certainity from the results may outweigh that.
I think it’d positive that it got delayed Songhai means studios are valuing cinemas they need them some ppl here said it go straight to vod.
The number of filtered comments tells me all I need to know
Gla
I think minus the film delays, it’s the reassurance aspect that CINE has enough liquidity to to weather the covid storm which will see the sp in the blue tmrw... let’s not forget that any news of an approved vaccine which is likely by end of 2020 will surely change the sentiment and be a game changer even though the role out maybe be first half of 2021.
Finish between 55-60 by EOP Friday imo!
Unfortunately the film delays will likely send it down tomo, but then certainity provided with results may apply upwards pressure...perhaps the two may cancel each other out.
Plus amc,cinemark,cineplex all down
I’m not too optimistic I think any good news is already priced in, black widow delay will hit the s.p Tomorrow And us stocks are selling off again, could well spill over to U.K. markets like the other day
I hope I’m wrong and sorry for being so negative but he did ask... lol
@Crumpets
Seems, me, you and some of the other regulars are thinking the same.
I don't think it's unreasonable should we have the wind at our back.
Good responses Damo and Crumpets.
I expect a rise up to mid 50's - maybe a spike to 60.
I'd be astonished (genuinely and not exaggeratedly so) if Cine doesn't basically say it has managed and negotiated enough to limp through to summer / winter '21.
That will be enough to see another blue day for sure as it will reassure major investor partners for the long term.
Enough to see through any lockdowns / blockbuster delays.
But I'm not expecting any significant shift in the SP to get majorly excited about.
HOWEVER, there is the something that tells me that this may be artificially managed up in the short term by Jangho's friends.
If you're in the 60-70 range, pay very close attention and be ready to cash out if it starts to drop after the spike for a short term bonus.
These guys have previous.
Long term, just sit and wait.
Unless they announce absolute armageddon tomorrow. But I really can't see that.
As too do MS and GS who have shown their hands in the last few days.
@mhrahman let's hope you are right.
So this time are we all selling at 68p ish. ..then rebuying as it drops to mid 40s again..lol
I'm very much confident the SP will increase big as its way undervalued as average broker target 94p plus jhango wouldn't have bought so much in last few day if they guess the SP going to drop..more than 5% they are holding now.. obviously they will not sell in huge loss.. last time they took it to 68
I think the price will start to drop, then shamus will sell his shares in panic.. and then the afternoon will see a nice increase before jangho sell out at 50% profit again and then shamus and crew will keep deramping till it goes back to 33p when jangho doubles their holdings.. all this tommorrow
What do we think? I'm long by the way.