Long term perspective9 Jul 2021 10:51
Think most can agree however we express our views that the majority think the S.P is under valued here. We all have our different reasons why we think that's happening, games by M.Ms , not enough confidence in cinema just yet , the debt holding it back , covid around the world etc etc .
We tend to argue the REASONS why the s.p is where it is but all agree the that the s.p is undervalued , (fascinating when you think about it ).
Another thing I find fascinating is the risk here is nowhere near where it was , yet we as a group question more now about the future of cineworld then we did when their was REAL risk.
Back october /November last year we were announced as shut , covid taking on the world and winning, we had no vaccines available , no films in production,cine burning money every month (and a lot of it) and let's not get started on how much we were all in in red as investors, so rightfully serious questions were being asked on cineworlds future , these are the times I would of said it was a risk to invest In cineworld , I wish I brought more , I didn't have the guts if I'm honest but I did hold firm a move I have never been happier about.
Fast forward 8 months, we are open , we are getting money in the tills , vaccines are being offered to all adults , we have enough cash to last this pandemic. Country slowley getting on its feat again, and most of all cineworld WILL survive this pandemic.
This isn't a rally , a buy more shares speech far from it , we still have a long way to go , longer then I originally thought, we have a debt mountain to clear and cinemas to fill , but after everything that's been achieved in the last 8 months these are 2 simple objectives.
Sometimes we moan at where we are , but if we sometimes stop and think how far we have come I think we would all finally agree our recovery started the moment mooky shut the cinemas .
I look forward to seeing where we are in another 8-10 months from now , I'm absolutely convinced we will be a lot better off then we are now. All that's required from me is my TIME and my PATIENCE.
I will hold my nerve and hold my shares