RE: Surely this isn’t up 14% just off maverick ?30 May 2022 22:57
@mountainous
Good to be getting involved over here now
Last time CINE ran up from these oversold levels was when Tenet was released and the buyers flooded back in.
CINE saw a sharp move back from these levels to above 100p+ peaking around 125p which was unfortunately short lived as reality kicked in that many of the major releases were still going to be held back & there WAS undoubtedly still restrictions in place at major sporting & ticketed events and a overhanging uncertainty around getting back in the cinema and these types of events on mass.
This, however looks like the real deal this time around.
Not just the UK, but the world is properly re-opening now, the airports have been all rammed this weekend, the Monaco GP sold out for the first time in years, all the football matches rammed and people scrambling to get in, fhe British GP has been sold out for months, Wimbledon sold out, the music festivals all sold out this summer. Practically any appointment to view ticketed event is sold out with no restrictions & yes, the public appetite to get back to the cinema appears to have awakened with gusto this weekend and its difficult to see demand abating from here on in now.
The narrative around cinema is about to flip 180 imo
I can see a renaissance period ahead for cinema and theatre goers worldwide now lasting for some time to come as the pent up demand is finally released.
Not difficult to see this going north of 100p+ once again and with quarter on quarter revenues likely to be demonstrating continuing progress for some time to come now, the present entry looks an incredibly attractive opportunity imo.
GLA