RE: Hold tight this will end the week over 90p19 May 2021 13:23
The near term share price IS of little or no concern to Mooky (or any competent boss).
He is I am sure busy getting on with what actually matters. Re-opening the global estate in a good manner efficiently and effectively.
Focusing on negotiating solid deals with key suppliers, minimising wasted expenditure and looking at how best to get bums back in seats and steadily but surely get the business not only open but crucially trading profitably.
Once he does this he can look further at reducing debt and future plans (revisiting that failed chain purchase for example).
Maximizing shareholder value and in doing so the SP will take care of itself.
The share price skipped too many levels based only on sentiment rather than facts at the time.
To me it seems we are paying the price after the event for that.
Given time and certainty we will IMHO get back to a rising SP and surpass recent highs.
There is a lot still happening around the world and in our markets that give uncertainty.
The business, already carrying a lot of debt (see levels of shorters pre pandemic) took on more during last year.
Simply opening for business doesn't equate to company being at significantly higher SP.
We need weeks, months and maybe even a year of certainty in economy and world health.
We need to see sustained levels of attendance that can support company trading at profitable levels.
This is yet to happen or to be evidenced it is highly likely to happen.
Patience :-)