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I totally agree new day and lots of positives :
1. Spiderman Revenues starts coming.
2. Spiderman releasing in US Tomorrow.
3. No Lockdown announced yesterday.
4. Booster jabs going at full speed hence chances of Lockdown diminishing.
5. Court case ruling now delayed by year at least due to Appeal by Cineworld.
6. Court case ruling only awarded 50 % of what Cineplex was asking.
7. Once the debt which will be taken by common entity (Cineworld+Cineplex) is taken into consideration which in this court ruling was not done as per section 179 then I think damages to be paid will be Far low.
8. Cineworld announced in November there revenue is about 90% of 2019 for the month of October.
Hence taking all this positive news and of course keeping an eye on market I think we will see above 30p or 32p and it will settle between 30p to 50p until Omicron risk and more than 75% population doesnt get booster. After that it can still go up by how much no one knows.
These are my opinions DYOR.
Very well said ..I think lot of these dersmpers want it to go down as they have no investment here and they just want to feel satisfied that their loss is justified...lets keep the positive news out and I also added more onto my position today..
People have to follow the rule invest the money which will not give you sleepless nights.
But i still believe this will go up very soon now Omicron fear is keeping it down.
Lokiloo please do not use derogatory remarks.
Remember this:
1. Jhango first bought when covid was at peak.
2. They also bought arpund 45p-55p.
3. They would also like to make money out of this.
4. No fine has to be paid yet and only revenue is coming in for at least another year.
5. Litigations in North America are usually overturned or reduced massively.
6. Cineworld revenue is 90% of 2019 as of November.
7. Cineworld planning for US stock market also.
8. Cineworld debt apart from fine was already known.
All my opinions
DYOR
That will not happen its my opinion unfortunately for you. DYOR
Do you think at such a good price Jhangho might have added more today. What do you think..
Tmrw above 30p or even cross 32p..DYOR
Well done Volvie, i might add few more thousands tmrw in the mrng if price is below 30p..just praying Omicron doesnt make things bad. Overall very good price to buy
I agree bit overdone and also in evening scaremongering of govt started with PM about to make announcement at 5 that pulled the price down. Now it is clear that no lockdown and Spiderman is out and in cinemas people getting boosted therefore now we start up and above. DYOR
Tmrw, we will see above 30p or even above 32p as no lovkdown announced. DYOR
Matt, just for reference if you have read the reason why cineworld moved away from the deal was breach on Cineplex therefore that clause has no value. Please before you start telling others to read just do your research. It is easy to inspect others but do not forget to Introspect first. DYOR
PM did not announce any lockdown today which is good news. Boosters also going at good pace hence things will start getting better and hopefully we will have good Christmas. From tmrw lets talk about Spiderman and revenues improved and just to remind all nothing changed due to court ruling as the appeal will go through its own time and might result nothing to pay. DYOR
Impact of Litigation is over now but now fear of Omicron is taking over again on all the hospitality/airline/cinema stocks you can see that on Rolls Royce and IAG also..I think since Cineworld said that they will appeal and also history proves that the award on the appeal is signficantly reduced or even in some cases rejected. There are more of chance that it will stay between this level and 50p just fingers crossed Omicron in UK doesn't cause more problems and booster jab data comes out good. This is just my opinion and I am still in this stock with an average of 42p..I did buy 2k more today at 29p and will buy more if it dips further..I am either all in it to win it or lose it. Risk the money which will not give you sleepless nights. DYOR..
If Cineworld has to pay Cineplex CAD $1.3b does this mean it is now value of Cineplex and Cineworld can buy them at that price. Just do not know if that makes sense or not. Possibly any lawyers here can help.
This was expected because 160/161p is strong resistance IAG price has to cross that to fly again..my worry is in the mrng again there will be drop but we might have very good support around 153/154p as we saw it yesterday also..fingers crossed ..DYOR..we have to cross 160/161p to be in rising category..
Need to cross the resistance of 160/161p only then it will go up to around 185p (ofcourse there are other resistances at 167p, 171p, 179p etc)..But if we ended up above 161p today then it is good start if not then it will have to try it tomorrow..
DYOR
I think this could be last chance to buy below 160p.
The lockdowns won't happen and also US opening along with November 5th Financial results which are definitely going to be better than anticipated and will have forward looking message on opening of US Market.
DYOR...