Brexit Deal Announced.24 Dec 2020 17:21
Sounds like Lord Frost, Boris and Co have bargained their way to a very good deal indeed.
In rank order I had the best being a Canadian type deal, mid ground being a Norwegian type deal and the least appealing being an Australian type deal with rock bottom being a no deal.
It's a Canadian style deal so for me the most favourable.
Where Cineworld are concerned we have cinemas in the EU in Ireland, Hungary, Poland, Czech Republic, Romania, Bulgaria and Slovakia so it removes business uncertainties and provides stability and certainty going forward.
Brexit uncertainty now removed and the vaccines rolling out in the US, UK and EU which are our three main markets.
Its made my Christmas for many of you know on here that I had a not unsubstantial side bet running on this with the bookies, as well as positions in several shares. The market makers can get their clapper boards out again for a "Take 2" when markets resume, given it was announced outside today's early closing hours.
Merry Christmas everyone.