Absolutely, people in general dislike uncertainty and the stock market often takes this to extremes. As the short, medium and long term picture becomes clearer at those points we will and history shows over and over again big changes.
This share can prove to be far far more than a relatively quick double or triple your money. In circa 5/6 years from now there is fair chance the dividends holders will have received will have covered their initial investment costs. Then year after year a circa 20% return to enjoy as you wish. It's not a guarantee right now, but it is priced as such and nothing in life is guaranteed. On balance in my view it is an excellent reward to risk opportunity though.
RE: Why is next weeks US opening not already priced in?15 Aug 2020 21:12
Every single business requires enough customers to operate pre and post covid. Shares in EVERY single business can at any point in time both go up or down. Everyone does or should know this so zero need for further mention of Cineworld specifically on these fronts.
RE: Why is next weeks US opening not already priced in?15 Aug 2020 13:31
You would be wrong with that assumption, not sure why you would come to that conclusion. In many respects what any individuals position is or isn't in any stock is irrelevant. We all make (or should) our own informed decisions and certainly shouldn't be swayed by a BB post
RE: Why is next weeks US opening not already priced in?15 Aug 2020 13:25
Simple: Any takeover is unlikely until we are back to more "regular" times with China's and other businesses (fully) open and operating similar to pre covid. Fear is another element as cinema and other business openings have previously been delayed. So until they are open and stay open for a period there will be fear and uncertainty. Wait until these things happen and the share price won't be 50p. Pays your money takes your chance at levels you are comfortable at.
Maybe the AMC management are not as smart, I am not into second guessing. Any number of reasons I am sure. Come 21 September we will have Cineworld report and have a clearer idea of why they made choice they did. Not invested in AMC so not concerned with their choices.
I would imagine it's as simple as then being able to report forward statement with circa a month of majority of their theatres open worldwide. That is a critical piece of information and can completely change the perspective of the accounts report released compared to a report with almost no forward visibility and most theatres closed.
RE: What would a takeover price be?14 Aug 2020 17:48
Let's remind ourselves of the spread of major shareholders. With damn near the magical 30% held by the current boss and family that's been involved for near on 100years there would be little to zero point in any bid not appealing to them and anything under the previous 5 years average would almost definitely hold no appeal.
Wowsers what an exciting ride this share has been lately. Did it really hit 68.5p briefly earlier today? Let's keep calm and stick with reasons we all bought into this one whenever each of us did.
Anyone checked in on the little shorty boy? Hope he is ok, almost miss his couple hundred posts of tripe per day already ;-) Has he even posted once today?
RE: Loving how the wet dampers have vanished10 Aug 2020 23:53
In-depth, plenty of "it's" , "possibles" , "maybes" in life. I am reasonably comfortable in cineworlds long term future and the ability of its management to steer it there.
RE: Loving how the wet dampers have vanished10 Aug 2020 23:37
The attendance levels in recent weeks or coming weeks is largely irrelevant in the bigger picture. Theatres re-opening and most likely staying open (some regional closures for covid resurgance may happen) is relevant though. In time be it few months, a year we will see attendances return to similar levels as before. Of that I have little doubt.
Yes, I see little reason to not expect in time return to £2 + levels. It may be bumpy and take 2 - 3 years, but I firmly believe it can and should return to its level. I may well be wrong however.