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it's a recovery share and it will recover next year. We've seen the RNS on Monday which removes uncertainty. Vaccines are likely to be approved in the next 2 weeks. We are in a better position now than a month ago - not just better but stronger.
vaccine = waivers. Jabs start in early December if findings are approved. Next year will be more or less normal for cine for the spring/summer, christmas takings. We are covered!
my price prediction for the summer is aorund 90-100p as we still have debt to clear. Around this time next year the price would have broken to 100p as confidence would have grown. It comes down to how mooky plays his cards now which will really determine things for next summer and further into 2021.
We need to get covered financially upto April, and the vaccinations to start leading upto that, so that cinemas can reopen and start taking money. It's a waiting game for now .
Multiple vaccines will available soon. I can see cinemas returning to normal around May. I wonder what the share price will be leading up to that. It's a game of patience right now but the upside to this share looks pretty good. Having said that this is a volatile share so it's going to be bumpy for a while. If the debt waivers are sorted, and then I would feel better. Dealing with uncertainty is the hardest part of getting into shares.
As more companies announce their vaccine this is likely to push the sp up along with positive debt waiver news. The resistance is around 67-68 and we need to break this.