RE: cineworld18 Mar 2021 22:29
Depends what "we" consider dizzy heights for SP.
I would be surprised to see a rise of any more than 50% from current levels for the biggest part (all of this year) This would be £1:80 or so.
Pre Covid with no sign of a worldwide pandemic and all it has meant, uncertainty of levels of customer returning and how quickly, studios will want some clarity, a not unsubstantial increase in the debt to be financed, a few legal cases to fight.
I am not sure it's easy to make a case for more than the £2 - £2:40 range this traded large parts of 2019 start 2020.
Now "IF" we open in USA in the next month and UK in May and "IF" studios flood us with movies and people go back as much or more than before then YES there then becomes a case for higher SP.
We have seen and continue to see great recovery that's not in question.
Oh and we want/need the results to come in around or better than expectations.