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Well once 20p has been the level for longer than £1 + I will come back and say how right you were.
Equally I would hope if the share returns to higher levels for number of years you will be as gracious and say you were wrong.
Have a nice day :-)
Well they have been servicing the majority of the debt since Regal takeover (which is mostly reason for the debt) and making profit.
Check accounts in for previous results.
Until covid (which will reduce in effect to businesses and life in general even without a vaccine as has already been shown) the company made money, was an ongoing concern and for the last 1, 2, 3, 4, 5 or more YEARS of you want had a share price way over current levels or even levels most want/require on the positive side.
Over £2 for almost all of that 5 YEAR period, not 5 days or weeks as some are suggesting is an excellent barometer of company share price.
freekick perhaps - but a simplistic approach, assume the following to balance your post.
Shares at 30p with 50% dilution leaves an end result of 15p.
Debt reduction and revenues resume, at 15p the company could return to 30p or evening 45p but that is 100-200% gain to the share price and the MCAP.
The level of dilution would be determined on appetite of the market, who knows.
Regardless there needs to be a huge uplift and turnaround for the level of debt sitting on CINEs books to be paid down.
Does somebody on the positive side (instead of posting silly comments) have any idea on the operating costs? All of which are also not going away even when opened, the reason I ask is even before debt servicing they will likely be running at a monthly loss.
This might sound very simplistic but presumably the issue is whether Cine survives or not. If it does then surely you make money from the current sp. The sp has been over 300p so at some point you would at expect it to reach at least 50% of that. Even if Cine needed to raise cash and the number of shares doubled, then a target of 70p could be at least expected? .....that's 100% increase from current sp.
ROFL
Agreed .... looking forward to Monday
Expect a big rise tomoz. I’m expecting 50p+ with some great news coming from US. Trump signing exec order for tax cuts and AMC smashed it on Friday. Can’t wait for Monday!