Cineworld Group plc was founded in 1995 and is now one of the leading cinema groups in Europe. Originally a private company, it re-registered as a public company in May 2006 and listed on the London Stock Exchange in May 2007. Currently, Cineworld Group plc is the only quoted UK cinema business.
In December 2012, the Group acquired the Picturehouse chain of cinemas consisting of 21 cinemas, and in February 2014, the combination with Cinema City completed, creating the second largest cinema business in Europe (by number of screens). The enlarged Group now has 217 sites and a total of 2,000 fully digital screens. Our portfolio includes four out of the ten highest grossing cinemas in the UK and Ireland. We pride ourselves on outstanding picture quality and atmospheric surround sound; the soft, deep-down comfort of our modern seating; the crunch of our popcorn; and, most importantly, the friendliest customer service around. All our sites are digital, and we are one of the market leaders in 3D, a format which will become increasingly important.
In 2014, Cineworld accounted for 82.9 million admissions, had revenues of £619.4 million and an Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) before exceptional items of £126.6 million.

Trading Update

http://www.moneyam.com/action/news/showArticle?id=4958097

Cineworld: Canaccord ups target price from 450p to 500p and maintains a 'buy' recommendation. Numis ups target price from 420p to 440p and retains a 'hold' recommendation.

Cineworld expects annual profits to hit top end of forecasts

Sharecast -


Wed, 14 January 2015




Cineworld expects annual profits to hit top end of forecasts



Cineworld said it expects annual profits to reach towards the top end of market consensus, driven by a strong performance in the UK and Ireland.
In a trading update for the 53 weeks to 1 January, the group reported a 3.5% increase in revenue growth.

During the year the company opened two new cinemas in the UK and two in Romania.

The group is contracted to open a further 11 cinemas in the UK and 10 in Central and Eastern Europe and Israel in 2015, of which 18 cinemas are under construction.

Films due for release this year include 'Avengers: The Age of Ultron', 'Star Wars: Episode VII', 'Jurassic World', the final Hunger Games title 'Hunger Games: Mockingjay Part 2' and the next Bond film 'Spectre'.

"With our plans for continued expansion across the Group, we look forward to delivering further value to shareholders in 2015," the firm said.

Broker Canaccord Genuity said it would nudge its full year 2014 and 2015 forecasts up fractionally to reflect the results being towards the top end of market expectations.

"It's been a resilient performance in a poor year for films with Poland being the stand-out market. The film slate for the next couple of years is fantastic and should allow Cineworld to exploit its strong competitive position. As importantly, the roll-out programme remains intact."

Holding(s) in Company - BlackRock, Inc.
Holding has gone above 5%


http://www.moneyam.com/action/news/showArticle?id=4959368

Cineworld puts trust in Yoda as it expects 2015 blockbusters to boost takings

By James Salmon for the Daily Mail

Published: 21:58, 14 January 2015 | Updated: 22:11, 14 January 2015

Britain’s biggest cinema chain promises 2015 will be a bumper year for film fans as a string of blockbusters are released.

Cineworld said that Star Wars: Episode VII, Jurassic World, and the next James Bond instalment, Spectre, will boost takings.

Major crowd-drawers, including Paddington (pictured) and The Hobbit, lifted sales in the closing months of last year.



Yoda effect: Cineworld hopes blockbuster films like Star Wars, Episode VII, will boost takings






Paddington, the heart-warming, part-animated film starring Downton Abbey’s Hugh Bonneville, made £5.1million in its opening weekend in UK cinemas.

But the biggest film in the run-up to Christmas was the final instalment of Peter Jackson’s second Middle Earth trilogy.

The Hobbit: The Battle of the Five Armies made almost £10million in its opening weekend in Britain. Rising ticket prices for Cineworld lifted overall sales despite a 3.7 per cent fall in admissions. Tickets cost 4 per cent more and that helped revenues to increase by 0.1 per cent.



Total revenues from its British and Irish cinemas rose 1.8 per cent, while takings from its Israeli and Central European outlets grew by 1.5 per cent. Profits from the year will be at the top end of expectations – analysts had been expecting profits of up to £123million.

Cineworld shares, which were up just 6 per cent in the last year, dipped 0.2p to 405.3p.

There have been fears that the rise of on-demand home viewing and the popularity of big-budget box set TV series would lead to fewer people visiting the cinema.


http://www.dailymail.co.uk/money/markets/article-2910356/Cineworld-puts-trust-Yoda-expects-2015-blockbusters-boost-takings.html

16 Jan JP Morgan... N/A Overweight

Could well hit £5

One of IC's favourites along with easyjet and Merlin entertainments in the Airlines and Tourism section of the ftse 350 review. Cineworld's track record for growth and new exposure to fast growth markets leaves it well placed. Cineworld is anticipating a strong film slate this year, with the latest instalments of the James Bond and Star Wars franchises set to provide a boost

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Indie cinema chain to challenge UK's 'homogenous' giants

One independent cinema chain is looking to reclaim the high street. Have you seen The Light?



http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/11377325/Indie-cinema-chain-to-challenge-UKs-homogenous-giants.html

16 Feb Canaccord... 500.00 Buy

Three pages on movie magic in this weeks IC.

Cineworld's exposure to studio release schedules may be more of a blessing than a curse, Investec thinks the upcoming Avatar and James Bond sequels could attract new audiences and drive substantial earnings growth. This year alone , it expects cash profits to rise 22% to £150 million. Trade at 16 times full-year forecast EPS, leaving room for further gains.

Cineworld Group PLC (CINE:LSE) set a new 52-week high during today's trading session when it reached 449.20. Over this period, the share price is up 40.82%.

Well done with these DC - I don't hold them directly, but they are a percentage of one of the funds that I hold.

Thanks skinny , Good for you. I think Chris still holds.

Correct :0)

Odeon cinemas set to go on sale for £1bn

Moving image: Hits such as The Second Best Exotic Marigold Hotel (pictured) are helping to spur building of new multiplexes offering a full sensory experience


Midas verdict: At 452¼p, Cineworld shares have had a good run in recent weeks, but there is still plenty of long-term growth. The company is taking steps to improve profitability in the UK and there are solid expansion plans in Eastern Europe. Buy and hold.




MIDAS-SHARE-TIPS-Lights-camera-action-Cineworld.

proactiveinvestors,cineworld-set-for-an-interstellar-2015

Shares - We are expecting strong financial results from Cineworld on 13 March after the cinema groups latest trading statement 14 Jan said profit for the year ended 1 January 2015 will be towards the top end of market consensus.

Preliminary results


Highlights

· Combination with Cinema City Holding B.V. ("Cinema City") completed on 28 February 2014;

· Group revenue growth of 52.2% on a statutory basis and 1.7% on a pro forma2 basis;

· UK & Ireland revenue growth of 1.8% on 52 week v 52 week basis, maintaining market share of 27.1% (2013: 27.0%) (Source: Rentrak);

· CEE7 & Israel revenue growth of 1.4% on a pro forma basis;

· EBITDA growth of 75.1% on a statutory basis and 7.4% on a pro forma basis;

· Profit before tax of £67.3m is stated after non-recurring costs and amortisation of £7.7m resulting in adjusted profit before tax of £75.0m, growth of 72.8%;

· Profit after tax of £54.5m is stated after tax adjusted non-recurring costs and amortisation of £6.7m resulting in adjusted profit after tax of £61.2m, growth of 95.5%;

· Adjusted diluted EPS5 growth of 31.2%;

· Full year dividend increased by 33.7% to 13.5p on a rights adjusted basis6;

· Net cash generated from operating activities of £86.1m, representing growth of 54.9%;

· As reported at the end of H1, annualised synergies from Cinema City combination now expected to be £5m; £2m target already surpassed.