55p is a great base...25 Nov 2020 17:43
... we were at 28p a few weeks back, since then we have the following;
- Liquidity
- Waivers
- Pfizer Vaccine >90%
- Moderna Vaccine >90%
- Astra Zeneca Vaccine >90% (2 doses)
- Furlough extended
- CINE shut so minimised cash burn
- CVA threat driving lease negotiations hard
Between now & Xmas we'll have the following;
- FDA Approval on Pfizer
- Approval on Moderna vaccine
- Approval on Astra Zeneca vaccine
- Vaccinations beginning in Dec
- WW84 opening Xmas day
Yes we may see (remote possibility) of post xmas lock-down in either UK or US, but CINE will be shut until late Feb/early March anyway so no makes no odds. Key thing is studios confirm slate and re-opening Feb onwards as vaccines are rolled out in scale. So if it bounces around until then fair enough, it hit 18p and I didn't sell so if it hits 40p in the next week I won't, but a base around here is a great spring board to attack 65-70p and above.
For all the doom mongers, yes the debt is high like Amazon and a plethora of companies, but the biz model in full swing supports it easily and in 2022 I believe the debt will be dealt with when we are in the £1.50 to £2.00 range.