RE: 22P AGAIN13 Jun 2022 11:53
Just one further point I missed and its probably as good a reason as any for listing or part listing Cine or Regal in the US with over 70% of the business done there.
Many on here have commented in the past about how in the UK @Cine is lumped together in the travel sector and how it moves in line with that sector and its algos.
Well the airline sector presently is in a diabolical mess or shambles what with flights being cancelled every day. The most recent Half term had about 80 flights per day cancelled and with constant stories of people being texted of such the day before or on arrival at the airport, sleeping on the concourses, no staff to handle baggage, some arriving at destination to find their luggage hadn't made it and they had to go out and buy new clothes. Last I looked cancellations were still running at approximately 30 per day. In short the full industry has failed to properly staff up for return to full and normal flying post pandemic. Personally I would not be holding any of those into the next updates.
That by comparison is not what is happening at cinemas and demand month on month is increasing, and being fulfilled.
Today, despite two recent overperforming films and vastly improving revenues in May and June @CINE finds itself having fallen further than some of those same airlines operating amidst a shambles. At one point @CINE was down approximately twice as much as EZJ (one of the worst offender in the travel sector chaos)
Manipulations here make it such that logic seems to have all but deserted us.
For those willing and with funds be greatful for the dips and opportunities the market presents.
Time to switch off from the markets for a bit and to enjoy the good weather and to progress a couple of projects.
Sign In
Follow the stocks
