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Shorters and day traders are looking for a quick buck on cine and either ramping the price up or giving negative predictions. For the mid to long term holders, it's all about have a cup of tea and chilling out. The fruit will ripen at some point and I will savour the taste.
In recent we weeks I have read posts which suggest the price will be 1.50 or 2.00 soon. This is really based on nothing at all. In the long run we may climb back to pre covid levels, but in the short to mid term the most realistic thing to expect is a gradual increase in the share price once income starts to come in. Getting to £1 and finding a range of 1.00-1.10 is achievable in the next 6 weeks because Cineplex as a business and operation will be running again. I am not expecting huge spikes here and just happy that Cineplex is fundamentally sound. That's the basis on which I expect the share price to climb , with a revenue stream as being the key driver. It all comes down how much demand there will be for movies. July is a great month to open, and as for demand - I don't think this is a concern for me. I hope everyone invested here make money, and appreciate that it takes time to make money just as it will take time for cine to build revenue again.
yes ftse is on a downer and the sp is relative to this across the board. I'm waiting until next week for any real interest in movement. This week will be all about getting positioned for all concrened I reckon. July is when things will really move for cine.
I think Friday onwards will bring change here when cinemas open in some parts of europe and income is flowing again
They have secured the funding they need to keep going, and dropped the takeover once they had enough ammunition on a cineplex breach. Rights issue is possible, but for now I think we are in the clear. If you are concerned then it's best to keep a small trench in this share, and take it slowly.
We have what we needed, the 2 metre rule down to 1 meter and cinemas given a green light to open from 4th July in the UK. A steady increase in the share price over the £1 mark in the next 2 weeks is fine with me. Bring it on.
If we get the greenlight for UK opening today with the 2 metre distance relaxed, tomorrow could well be good opening of the share price. The real change in price is something I expect at the end of next week as we get closer to opening. The price is not bad considering we have no income at the moment.
Cine are opening on this Friday in Czech Republic which means the revenue stream will start flowing again, slowly at first, then in more as UK and rest of Europe opens.
I agree, £1 before end of June is likely as Cine cinemas in Europe will start opening.
Cine played a clever card in waiting for Cineplex to breach, then pulling out of deal which they needed to do. They were looking for a way out, got their lawyers to check the fine print, and they found it. Any incoming legal battle is just a desperate posture from Cineplex. I think Cine have convered all their angles as far as the legal side is concerned, and I am not too worried about the legal battle, as there won't be one.
Czech republic are expected to open next week on Friday 26th. As long as a few places open, I will be satisifed with that for the time being, and happy to wait until July when UK starts to open.
The key days for me are next week on Monday/Tuesday when I expect movement in the right direction. Based on the opening RNS cine will try to open few cinemas in the last week of June unless i read it wrong. If that is the case we would have reached a milestone in the current state of things, and it will be a welcome boost to our confidence and the share price.
the ftse is as a good level today, may the MM's are gathering shares for the big demand later in the month
I just logged on and saw the RNS and starting breathing again!
Most shares are in the red on my screen. I am not too concerned as I am in this share until next month and then looking to reduce my holding. This should tick up gradually in my opinion until and then a spike is likely later in the month as we have more clarity on opening.
If you take into account how much the economy has shrunk since the lock down, relaxing the 2 metre rule is the best way to kick start the economy and allow the hospitality sector to start earning again. This is very good news for CINE shares after the recent downturn. The scrapped takeover, the likelihood of the 2meter rule relaxing this mont, and the expected opening of CINE next month, should provide the positive momentum we need. A gradual tickup to the £1 mark is what I would like to see this month, but with CINE things can move faster in my opinion. I hope everyone who has made losses to revover them and make a bit of profit.
Anyone know what this RNS means ?
I am in the red by 4K but will be holding. it's not a penny stock as mentioned. The ftse will settle and we will see a slow tick up. Then is a couple weeks we will be in a better place. I thought it would hang onto the eighties, but it's gone down further than I thought. On the plus side, this share has a way of bouncing back up fast.