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@alasdairribbex.c You are absolutely correct. Bottom line is next week results will either direct us to a 20-30% jump or a drop to the 35p support.
On the long term that share will surely go up as cinema isn’t dead and won’t die.
Best is to stay calm and wait for better days
F...ing impatient fat landlords! Do we know the total amount unpaid? I dont think we should get to worry about it anyway, its commun sense to delay your rents until incomes comes in.
Very silly move from the landlords when there is 4 days to wait for their reopening!
Why are we being stuck at that 50 when FTSE is looking up since 10am!
I understand the drop early morning but aren’t we moving along accordingly to at least 52!
Doubleheadedcoin, I aint saying that we won’t make money on those and I dont intend to sell.
I am just having a realistic approach, and I doubt that we will see this SP at 1 next week simply because I don’t believe in a +50% when the rest of FTSE might be heading to a loss next week.
We will get there eventually but i am tired to read post « 60p tomorrow », « 80 after tomorrow »!!
Just hope you get my point across
And only need 25% occupancy doesn’t mean those 25% are booked and happening. Lets keep our head cool. If that was such a no brainer, that SP would already be on 1 today.
I am not saying it wont happen, but lets not run before we can walk guys.
What makes you says that there would be a rise on Monday? A lot of sh..t can happen in this new world in 2 days!
Dont take me wrong, i m hoping for it to be positive but we all need to keep our cool head. I read too many post in that forum, including some lunatic on BP’s share saying last month « the world gets moving again, Covid is behind us, SP will be £4.5 by July! I guess he is still hanging on his 2.96 today lol.
So lets be cautious as well
As much as I am hoping like everyone here for eminent rise next week, we also need to consider further factors that could detriment that:
- Negative news on economy
- and lets nit forget that opening doors are one thing but being profitable is another. Opening doors includes a cost and nobody here knows the actual booking rate for re openings.
Is anyone concern about the fact that they aligned their result announcement with their reopening?
The reopening of their cinemas doesn’t mean much really until they can fill capacity. I had no impact of William Hills when they reopened betting stores
Who believes on another sell off tomorrow morning from short traders?
I got in at 48 and really dont have a clue what to do! Feels silly to miss those 10% waves! Your thoughts?
I really don’t know what the **** to do to be honest. It feels silly no hold missing on those 10% minimum waves.
Who knows, we might see another sell off tomorrow morning depending on news and mood. Seems that there is more traders than investors currently on that one!
@ceders, how is your profit going on today? I think this is the most predictable time we ever had since the last 2 month. Looney would be on a suicide mission to maintain dividends. Wether this is already included on SP or not, the dividend cut will affect SP (we like it or not). I got mine @2.87 and will fill up on Tuesday once we get closer to 2.50.
In any case any price below 3 is a great deal but might take slightly longer to profit than we all hope hope for. Goodluck everyone
Happy investor, Looney is not responsible for traders getting ahead of themselves. I had few exchange on this forum with some dreamers predicting 400 in July! 2.60 is the fair value as we will all be stuck home for at least till end of year.
Long term: hold for 4 years
Short term: cut the loss, sell now and buy back once once they announce divident cut (2.20-2.40)
I aint saying the sell off will happen Monday.
Now I doubt our gov will be able to pay for a 2nd, 3rd and 4th wave. This is the reason why we are not bankrupted right now. So dont be so confident on future waves. Re 4 quid in September, that is assuming that BP will be paying same dividend right? Now who is naive to believe they will.