As a share holder of this stock, i have become numb. And thats a good thing because now I can hold indefinitely. Recovery of City Lodge could have really good returns. For now it seems fluctuations are slowly dying down. At this point we hope for some good news that could send the share price rocketing. The hospitality industry doesn’t seems to have reacted very positively since lighter regulations where introduced but for now we just play the waiting game. I may possibly expand on City Lodge but I wont discount how risky this move will be. My hope is the rights issue doesn’t come to naught.
Yes, wait for the possibility of second wave and share price will dip again. When to anticipate this if it comes? I guess early December it will start.. So, you in for the long haul, and must wait for vaccine, open up borders, etc. Hope they will not go bust whilst waiting.
Shahero
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Hi, could you please elaborate on your last two remarks- "I may possibly expand on City Lodge but I wont discount how risky this move will be.
My hope is the rights issue doesn’t come to naught."
I am new to investing so I'm just trying to understand this a bit better.