RE: So Jangho increase holdings and we go down to 97p?31 Mar 2021 17:54
And why wouldn't they.
*Results are out the way and a line now drawn in the sand
*Staged Reopenings imminent in the US (75% of market) and UK to follow.
*Permanently and irreversibly in the UK and imho the US also (Both Vaccine backed)
*Funds all raised and fully Funded till the end of the year
* Warner Bros "no show" dispute resolved favourably with WB films into Cineworld cinemas.
* Unrivalled Full slate of movies for the year ahead. Embarassment of Riches.
* Bank of America having just taken a sizeable stake in their own right.
They took out the 100p, 99p, 98p and 97p stops probably in anticipation of demand for CINE shares going forwards.
Now in a position that many have waited a year to get too. Reopenings with vaccinations and movies galore.