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Oops!...Cineworld has done it again

By Chris Bailey | Monday 16 December 2019


Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Before we get onto the main event - continuing corporate madness at Cineworld (CINE) - a quick update on FirstGroup (FGP), which I last talked positively on a couple of weeks ago. Very good to see that 'the Board has appointed advisors to formally explore all options in respect of our North American contract businesses, First Student and First Transit, including a potential disposal'. That sounds to me very positive regarding asset value realisation strategy. I would still buy/hold the shares. Now back to Cineworld…

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