RE: Brooklyn, New York20 Apr 2021 00:55
Ok Robin, Then replace my PI comment with the pension funds etc. They are not as yet confident enough to be loading up/seeing value.
Mind we are still around 90 odd % closed business heavily in debt and continuing to bleed money having had to add to debts a few times in last 12 months.
The future is never guaranteed for any of us.
Sure, you me and probably most or all holders here see strong line up of movies and a great recovery and fairly quickly for the cinemas but it's still to be proven and it's not unreasonable for some to wait for a clearer picture.
Pension funds will be happy to get in at 1:40 say having seen strong box office numbers for number of movies. Or when covid vaccination has covered all adult population in main markets, results in for year 2021 and strong forecasts for 2022. They will be happy with say as an example 20 - 30% share price growth at near zero risk and a dividend reinstatement in the pipeline.
Standard Life already have enough exposure to this stock probably.
90p/£1.30 just now I guess matters not as many/most of us are looking to hold for more.
I don't think the price just now at current or £1:30 will impact much/any when timescales we reach the £1:50 - £2 many want.