RE: Hmmm19 Dec 2021 09:27
Newbie in my opinion the sharp increase was a cluster of reasons,
Nov 2020 we were closed , future of cineworld massively uncertain , however liquidity quickly secured, world of covid was getting more serious , no vaccines available , no news on when we reopen , it really was a dire time.
Approx Jan the Kent variant hit us and hard , however vaccines approved and gave hope and jabs in arms started , roadmap declared, even though we were not stage 1 or 2 we had hope of reopen and I genuinly feel this gave real hope to a broken stock market.
So in the space of a few months we went from nothing to hope of normal life again , this was maybe reflected in the s.p, maybe we went up to quick who knows.
For me personally this is key for refusing to sell, since we reopened we have continued to show progress.im gonna repeat myself again so sorry if I sound like a broken record.
We firstly had staged reopen, firstly with social distance and then we went fully operational.
Month on month audience has returned in bigger numbers.
Cash burn prob now significantly reduced from the days we were shut.
We have overcome huge obstacles and come so far, So for me the judgement is a set back , a huge one granted but not a setback that can't be fixed. We can appeal for a start.
Another lockdown if it happens will he another setback depending on restrictions but I see it more of a circuit break rather then a full on lockdown, I personally don't think the public will accept another full lockdown.and maybe the final nail for borris , he won't want that.
I also don't think the creditors will allow cineworld to just go bankrupt , if they did they get no money , it makes sence to continue helping them in extreme times.
Remember this is a recovery stock, so we invested in the recovery, if this was the situation with no pandemic I'm sure most wouldn't acctually be here.
So I choose to wait it out, for what we have already overcome I think cine deserves a bit more of my time , I'm also to hot headed to sell at a loss.
My opinion only , others will have different ideas.