RE: Biden plans to announce way forward this Thursdsy12 Jan 2021 00:13
Papa, There appears as you may expect a range of views on the board re: Jangho and any bid or why they have built 12.17% holding.
Some of these views in my opinion sit either side of extremes.
Personally I don't see them bid on the short term (next cpuple months or so).
Not even convinced that is their main intention (yet).
I feel they can see value at current share prices especially as we near moving the right direction with covid battle.
They will no doubt see how cash generative this stock has previously been and potential moving forward again.
The Chinese market is massive, one Cineworld are not (yet) in.
What I would say is I can't see it being a bad thing them adding to holding at or near recent levels :-)