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Yes moving on. Should my price target for a very risky punt be 10p or 5p for this very risky business?
"If you're using upvotes on the comment section of the DM as a guideline for anything then you're doing it wrong..."
Right. So instead I bet you believed upvotes in here saying that the share would double and Bond would save it? hahahah What a clown.
"Hollywood has tricked you with Terminator and Star Wars????"
Well yes. I went expecting to be entertained and thrilled, Terminator being my favourite franchise. Instead I saw a limp peace of feminism and woke propaganda call Dark Fate. I haven't been back since. I'l glad I gave you a chuckle during this hard time.
Although not the top comment on the DM on this story "I feel for them but I'm not paying a tenner to sit muzzled up for a couple of hours" This still have 500 upvotes. I think the masks are more of an issue than you think.
No I haven't, I don't often take the risk of paying for woke Hollywood trash as they have tricked me one too many times. Terminator, Star Wars films etc.
But that said, it seems a bit silly to argue masks are not the problem as they mothball the cinemas and make redundant 5,500 staff. If you think they will dilute the shares, then its already too late to sell. This could go to 5-10p easily.
"Reopening them at the start of next year is a good move IMO."
Did they announce that face napping restrictions are being removed then? Nope. Till that point this is a dead business, no one wants to watch any film while wearing one. Not with home entertainment providing a vastly better experience for a fraction of the price. Sad but true.
Hold tight? Be careful, they could easily do a rights issue and reduce this a further 80%.
I wonder what will happen Monday? Huge drop retest March's low? The March drop was fear of what might happen, well now it has. Anyone got any theories on what prices we might see next week?
I've been saying for weeks sell this and buy back later, Covid plandemic only getting worse, no one is going to the cinema, no one cares about Bond. But too many of you don't do logic, or have a strategy to respond to world events. Sigh.
Dont put all your eggs in one basket. Especially if its a basket case :p
"After its restructuring it will also be leaner and carrying around less dead wood."
Having worked in engineering for decades, trust me all companies have an awful lot of dead wood employees. Sadly what tends to happen is they get rid of the knowledge / experience and keep those who are good at writing on a white board lol
@TradingPlaces69 I dont drink wine, but are you saying more likely to go into administration? That would be sad.
RR could definitely be a ten bagger. But probably going from 10p to £1.00.
"Losing is hard" Oh I dont know, reading this board it seems like its incredibly easy! Especially if holding UK shares during a pandemic without thinking what the consequences of the governments overreaction might be.
You could call them basket cases! :)
I can totally understand that, as I have more than 12 baskets that I have targeted as distressed covid bargains. Unlucky that we have a government of cretins. (The opposition are no better.)
Yes. But the lesson is don't put all your eggs in one basket!
"MM will be scooping all these shares for next to nothing and make Millions"
Sounds like a great plan to me! :)
@ToffAppleton1 Yes indeed. But it was clear that the pandemic was only just beginning and was a long way from any signs of hope. Why people were bidding UK share prices up actually during our lockdown was beyond me. Insanity.
I am reminded of the stories from the 1929 crash. Those who lost everything, were those who went all in during the rally / bounce.
"Government won’t let this company go under" I wouldn't base any investment strategy on what the already broke (through its own stupidity) government will or won't do. There are many examples of letting key companies such as British Steel be bought by foreign interests. Also look at RBS, although rescued, its share price has never recovered.