Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
@Poo, I know many on this forum are thinking the same thing so I'll go ahead and say it - sorry to say but you're mentally unwell. Please seek medical advice.
Furthermore, you're argument is really poor. Most of the hot stocks on the NASDAQ for example are overvalued like crazy, yet are still making investors like me huge sums of money. Zoom for exmaple has a P/E ratio of 1500 yet investors are still ploughing into it.
Boohoo is a growth stock. It's normal for it to have a high-ish valuation.
Mine just sold @ 1.750
Why cant you buy online?
I''ll tell you why this is an easy trade.
On June 10th when they announced Annual Results, the SP went from 198p to 259p in 1 day and despite a falling FTSE it held solid and kept rising. It's probably the best defensive UK stock at the moment. It's a great business with excellent finances and protected from Covid.
Goldman also upgraded their price target this morning.
added 1,000 shares :D
This will hit 400p easily
Placed a sell for 5,200 shares. Is it the market, or my trading platform?
There have been many BUY's since i placed my SELL...
Hmm. Not sure why it's not sold
I placed a SELL 4 hours ago on 5,200 shares. Still hasnt sold....
Cineworld are stupid. They should have opened up with a few new films and a few old ones. Maybe some classics to lure in punters. Then they wouldnt lose another 1 month revenue !
By the time they re-open, the 2nd wave will have arrived !
Finally someone else with more than 1 brain cell. I wrote the same thing last week and got slated for it.
Totally agree with everything you said. Regarding the bottom, I'm forecasting lower than 50p. Until there is a widely distributed vaccine, this won't materially increase.
As I've said before this will head down to 20-30p before significantly rebounding beyond Β£1.00 once there is a vaccine. It's to be expected as they've had zero revenue for 3-4 months and burning huge sums of cash.
People can be social without going to the cinema. Even a pub is safer than a cinema.
For the same reason most people dont want to jump on planes right now, people won't head back to the cinema in their droves.
You don't make money by simply opening the doors - the demand has to be there.
@themuir - happens to the best of us. At least you didnt lose, any profit is a win.
I hold CINE and won't be selling - I plan to buy more when this hits rock bottom, but we aren't there yet. I cannot see any material upside on this stock until a vaccine is discovered because until a vaccine is discovered, demand cannot return to pre-covid levels. A proportion of people will be happy to visit cinemas, but the majority wont. And not to mention cinemas have been closed for months, so cineworld has to claw back alot of losses which will take a long time.
If the vaccine comes in Q1 2021, then by Q3/Q4 2021 or 2022 is when cinema stocks will materially recover to more normal levels.
This is inherently obvious by the fact that Cineworld has had quite a lot of positive news in the last couple weeks, yet the SP keeps dropping. Only pre-covid levels of demand will recover this stock unfortunately.
(I did say yesterday that this could be a good buying opportunity, but I changed my mind. A lot of good companies are still suffering in the markets because the demand simply isnt there).
I think this could hit 20-30p at this rate before taking 2-3 years to recover.
Amazing buying opportunity today.
I'd wait until market close tomorrow, I reckon it will be closer to 60p
Total blood bath today. Cineworld is my worst performing stock at -21%, but I will still hold long term.
Once a good drug or vaccine comes out, this will be sky-rocketing.