RE: Trading Update15 Nov 2021 17:19
KTP,
Like I have said in the earlier post I really hope that a takeover approach doesn't happen. That said I have done well this year off identifying Morrisons, Blue Prism and most recently an approach for MTRO. All were just like CINE, undervalued, all shorted and price held back.
Personally I'd much prefer to see us get the on ourselves with delivering the full rewards first and with the benefit of a concerted rebound off a "deemed positive courtroom result" (which I think will prevail) and also from the further recovery in revenues and free cash flow that is coming our way in the next 6 weeks to year end, then thereafter. Spiderman No Way Home will be biG and add to the other biggies.
Putting me on the spot.
Post any deemed positive court result and before year end - possibly £1.20 as an opportunistic opening offer.
Post deemed positive court result + further RNS's improved revenues and cashflow to year end - £1.40 to £1.50 as an opening offer.
I do hope however that in the background Mooky and Co have a counter strategy worked out to fend off any such interest if and when it does emerge. For example, having progressed a listing of a recovered / near fully recovering Regal on the US Stock Market, either in full or in part.
You asked, I answered. That is was my opinion and its based on both Netflix and Amazon having looked at buying Regal in the past.