As Much......8 Nov 2022 08:40
....as Mag and anyone else try to pump this it ain't going anywhere fast. Court meeting last night have Cine a bit of leeway, unfortunately atm that's not been reflective in the SP. I had a chance to sell earlier in a 2 minute window @ 6.26 but chose to hold till all the fuss dies down.
Where I expect this to go is between 5.80 & 6.80 today, anything else is a traders bonus. What I have gathered from this process is that although Cine is on its uppers it has started to address the problem and the court can see that, come next March it will a totally different company IF they can reduce the debt without going backward. Selling off Regal will help, also getting people out there with different offerings not just blockbusters namely live events such as eSports contests which are now big business. Total overhaul with a better more proactive younger management who have their eyes on the ball should be the way forward. I expect quite a few changes in that sphere in the next few months which will give a better platform going forward.
For now it's a traders share untill they sort finance out, give it untill the new year and then we might see some progress.
Cheers, alamo