RE: Convertible Bonds - RNS12 Apr 2021 21:36
Seems to be some impatience going on for a few.
Everyone has their own targets but to expect serious movement at this moment in time is odd, I think.
Although there's plenty of good news for the long term, it's exactly that - a long term-ish hold.
The fast money was to be made in the 20p-50p range.
At the moment, we have just a handful of cinemas open and no serious revenue.
Yes, markets are forwarded thinking but for major increases in sp, i think we'll have to wait (sarcastic voice) a whopping six months for the half year results.
I think £1 for the position we're in and after the battering we've taken is amazing.
By the time October's results are out (although i expect a month's delay to accommodate Bond), capacities should be at 100%, there'll have been a solid slate of massive movies out, the Cineplex case will have been finalised and the financials should illustrate that big profits will return.
In my opinion, we'll see a gradual increase in sp as we open more sites and the box office numbers start demonstrating an obvious and sustained demand for theatrical release.
For those who've come into Cine recently, I still believe anything under £1.20 is a bargain.
Just sit tight and wait it out for six months to a year for the ISA beating percentage gains.
Chill, dudes.