.24 Jul 2020 18:07
As I’ve stated in a couple of posts previous to this one I was convinced we wouldn’t see sub 50p again, yet here we are, bad news today with the studios pushing dates back for anticipated releases but trying to stay positive, I still think these prices are a bargain and staying true to my word I’ve doubled my holding today to 24,000 shares, Cine have already stated they can survive on no income until mid 2021, remember the studios can bring dates forward as well.... next week I fully expect this to bounce to the mid 50s and then onwards from there after the U.K. opening. I’m holding for the long term so not too bothered about the SP at the moment, current MCAP is ridiculously low for a business that brought in revenues of over £4 billion last year. This is the 2nd largest cinema chain in the world and will NOT go bust despite what some of the ‘geniuses‘ on here today have posted. I’m still confident we’ll see £1 again before the end of the year, for the new investors here don’t be scared by today’s drop, I’ve seen it rise from 60p to £1 within 3 trading sessions on literally no news and then back down to where we are now all within 8 weeks, I’m not saying this is going to fly to £1 again in 3 trading sessions but the potential is there. Have a great weekend all!