The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
We may have to wait some time a lot of other stocks have been pretty much flat since reopening on 12th April was it.
Sorry I didn’t think my earlier post had gone through.
What time is the AGM?
Continuing to be squeezed down further let’s hope not much further and that some good news comes from the AGM. What time is the AGM?
Really bad opening for the FTSE everything pretty much down.
This share often does the opposite of what you’d logically think. I’m not holding out much hope for a big rise today.
I fear reopening may be priced in plenty of other stocks have pretty much flat lined since opening. Hope I’m wrong as I’ve held since last April 2020 and really hoped it wouldn’t have dropped from the £1.20 it reached only 6 or 7 weeks ago.
Possibly I noticed the volume had been higher the past couple of days.
We have been slowly but surely going down for several weeks now and this week has actually been a decent enough week for the markets. I’m a LTH with an average of 78p I genuinely believed once we got to £1.20 6 weeks ago was it that it would retrace a little bit but not as much as 25%.
Does it look like many have bought tickets ?
I’m so tempted to top up a little here as well I do think this could go a bit lower yet though.
Sadly I can see this dropping more without any good news soon. The markets have actually had two satisfactory days yet we look like dropping both days what will we stop when it’s a bad day for the markets.
I’m a long term holder and I agree who knows what’s going on with Cine. Being a realist though I think it may take several months to get back to 1.20 plus as I don’t even really see a confirmed reopening date moving this share much to be honest. Then there is the significant debt so would need to be very healthy numbers attending once reopen.
I have been holding since May last year and have increased a few times and as of now have a healthy profit however I feel with whatever games are being played this could once again go a lot lower than where we are now (hope I’m badly wrong). Yesterday was a bad day for the markets and on those days we often see significant drops but the past few weeks we also seem to go nowhere on days when the markets are up.
As a long term holder I’m really hoping the baseline is no lower than it is now. I expected a significant drop on results even though everyone must have expected they wouldn’t make for a good read. I do think anything more than a 25% drop for the week however would be a big big blow. I’m happy to hold long term and will as I still have the confidence in this business but the share price reaching £1.30 is a long way back from a baseline of 85p.
I think it’s proving people wrong now isn’t it. RNS yesterday morning the board full of excitement that we would be back up to where we finished Friday and we now stand 20% down on where we finished on Friday. I am baffled but equally worried by this retrace and hope that the results are the reason for this if they aren’t are we going to go down another 20% plus tomorrow and Friday.
OllietheOstrich my point is I guess other companies closed like Cineworld are closer to the pre pandemic levels than us. I thought the upturn last week was taking us to where we should have been and I was hoping we could hold around there until reopening or imminent reopen date. It actually touched 120 did it not and now we are back flirting with under 100 which I genuinely didn’t expect us to go under again.
10% drop in less than a week. I didn’t think we would see under 100 again but with results date on the horizon I think we could drop another 10% from where we are now.
I honestly thought of the same strategy this morning as I have twice before but did I do it no, which I didn’t on the previous two occasions either ??. Live and learn I guess.
Everything else may be down today but approaching 10% down is a really significant drop.