Forget the surging Cineworld share price! I’d rather buy other UK shares in my ISA

first_img Enter Your Email Address I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Royston Wild has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. News flow surrounding cinema chain Cineworld Group (LSE: CINE) has been more cheery in recent sessions, driving demand for its shares to the stars. The UK share rocketed more than 20% on Monday, above 56p, on positive news surrounding its balance sheet. The Cineworld share price is now at its most expensive since early September.But would I buy this UK share for my Stocks and Shares ISA? Let me explain why Cineworld’s soaring, and what investors can expect in the short term and beyond.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…A strengthened balance sheetAs I say, the main driver for Cineworld’s share price in recent hours has been a positive update on its liquidity position. The FTSE 250 stock plummeted at the back of last week as rumours that it’ll soon be seeking a company voluntary arrangement (CVA) swirled.However, the UK share put these reports to bed on Monday with news it’s secured $750m of extra liquidity it hopes will see it through to the end of 2021. It’s managed to do this by agreeing a new $450m debt facility, by extending its $111m revolving credit facility to 2024, and by bringing forward the end its US tax year. The latter move will create a tax refund of $200m, to be paid in early 2021.Still a VERY risky UK shareBut here’s the bad news for Cineworld and its investors…As it said, the additional $750m raised will help it survive until the end of next year. However, this is assuming its cinemas will reopen “no later than” May 2021.Recent positive news surrounding a Covid-19 vaccine has raised hopes that cinemas could reopen to the public before too long. But key questions over the efficacy and the rollout of Covid-19 vaccines are yet to be answered.Assuming that Cineworld will be able to start flogging tickets to eager moviegoers soon is no guarantee. And so doubts over this UK share’s ability to keep going could resurface before too long.The roaring popularity of streaming services also causes me to worry about Cineworld’s recovery. And not just because cinemagoers could continue to shun a trip to the movies in a post-pandemic landscape in favour of catching a flick at home.Filmmaking colossus Universal has been signing deals with North American cinema chains to shorten the theatrical window. The move scythes down the exclusivity period that movie theatres have to show films before they become available on streaming services. It could be the start of a trend that further undermines the long-term outlook for operators like Cineworld.Cineworld’s fundraising efforts this week have kept the wolf from the door. But the future of this UK share remains very much in the air. This is why I’d much rather buy other stocks for my ISA today. “This Stock Could Be Like Buying Amazon in 1997” Forget the surging Cineworld share price! I’d rather buy other UK shares in my ISA Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Image source: Getty Images. center_img Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. 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