RE: Was thinking of buying this in Jan but this stock is likely going to zero19 Jul 2022 15:47
2022 revenue has almost surpassed 2021 with less film releases (270 YTD vs 438)- 2019 released 910 films generating 11.3b - 2022 has currently generated 4.4b with 270 film releases seems quite strong based on released films (I'm sure someone smarter than me can figure out percentage wise) - On average films in 2022 are generating 16.3m vs the 12.4m of 2019 so there's no doubt recovery is taking place - I'm bullish a lot is hinging on this Cineplex deal so once that is over with the SP should recover, don't forget that the current judgement is already priced in (Hence the dip from 60p to 20ps) the current downtrend is just due to the market as a whole many stocks are hitting all time lows and are massively down YTD - I think at this point longs/shorts are based almost solely on the Cineplex judgement - because in my mind there's no doubt cinema will recover and has showed strong recovery and as pointed out numerous times on this bored Cinema tends to do well during a recession.