RE: Open price place you bets4 Jul 2021 23:45
Cruis1, I know enough has been said about MRW bid but just throwing my 2 cents... if you look at their financials, they are quite flat almost every year. Their revenue, opex, cash in hand etc are almost same every year but the beauty of MRW and other such retailers bis that their financials were not impacted by covid. They were still the same even in 2020 so such is the resilience of MRW even in war like event and I think that is what made someone to bid for it.
Now though CINE was badly impacted due to covid but still CINE survived and they have survived many such battles since many decades. Once restrictions are eased off and life gets to back almost normal, which is almost happening from July 19th, CINE business should be back to normal as in precovid so any bid should be to the price near to precovid levels or higher, which is £1.90 or above. I think we are not too far away to see CINE getting back to normal.
Market will recognize CINE and like LTHCine used to say, CINE has the bounceability! We will get listed in the top of the risers board soon. Keep faith and hold tight. It's coming!
Good night all and hope for a big blue day!