By Cineworld Group plc LON: CINE Show must go on?
Is this the time to snap up cheap CINE shares following the August 2022 crash?
Shares in Cineworld have crashed due to bankruptcy fears. But Cineworld and their large shareholders are resisting.
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At the time of writing, the share price of CINE was £0.02.82p. The price recovered from 26th and 30th Aug lows of around 1.90p.
If woes of bankruptcy can vanish the CINE share price should recover.
At under 3p this could be a fair price to snap up cheap shares in CINE.
With any positive news behind the curtain the show could go on.
There are some huge blockbuster films coming out and Cineworld could profit from ticket sales.
There are likely to be some big players who might be looking to buy in and sort out Cineworld’s debt problems.
My guess is that cinema industry players might save the day.
The CINE share price could be back to 10p within days if not higher.
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