Reasons NOT to be satisfied24 May 2021 13:57
Hi all , just want to give my personal opinion on where we are at the moment. Today has been a good morning in the sence we have seen a nice move north with the S.P , this has prob been down to the RNS our C.E.O has given us so while I welcome the rise let's not forget.......
This S.P is still BELOW the price after the financial results and about the same as mid February when vaccinations were just rolling out but we were very much in a state of national lockdown.
Are we in the same place as then , hell NO , however there were always reasons the media liked to put doubt in some investors minds that this is a recovery stock that might not make it . And all have been answered.
There were ........
1) cinewords debt , this has been brought up time and time again and a shorters favourite. The answer to this is we do have huge debt , but we have finance until at least the end of the year , we are now open and putting money in tills. For those that listened to the financial results would of heard that the only positive of covid was cineworld Could look at total expenditure throughout the company, and have renegotiated prices right down to the last bog roll and popcorn seed , so we are financial run so much more effective now
2) corronavirus variants won't allow the roadmap to continue and allow us to open The answer is wrong not only are we open but data has now shown the astra zeneca and Pfizer vaccines are highly effective against all known variants. jabs are above 60m I total and the 20s will soon be called to be vaccinated.
3) we will have no films to show and films are getting pushed back, the answer to that is look at the film slate it is like no other year , we have huge films this year that will please all cinema fans. Majority of pushed back films are happening this year still, those next year only add to next years exciting film slate.
4) there will be no demand for cinemas especially with online streaming such as Netflix , my answer is look at China and look at today's rns , demand is there and its in abundance, have no fear of that.
Many questions has been asked of this stock and each question gets answered , not with opinion but facts.
So don't be satisfied with this small rise , this has been kicked to death for too long, the only difference now is all questions have so far be answered.
Let's not forget some regular posters who offer loads are still in the red , the S.P when covid hit was approximately say 1.80 , albeit it was falling but this is a different monster now.and there is no way in this world we should be satisfied or accept a 90p share.
Hold them shares continue your patience, and do not be satisfied with the current status of play, we all have every right to DEMAND so much more from this S.P and o won't be happy until all posters here are in the green.
Bonkers
Sign In
Follow the stocks
