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.

26 May Numis 550.00 Add
26 May Investec 560.00 Buy
26 May JP Morgan... 540.00 Overweight
26 May Canaccord... 540.00 Buy
26 May N+1 Singer 550.00 Buy

Cineworld boosts admissions in early 2015

By Philip Waller

May 26 2015, 7:17am
Cineworld boosted revenue in early 2015



Cinema operator Cineworld (LON:CINE) increased admissions and advertising revenue in early 2015 and said a good line-up of films ahead should keep it on track to hit annual targets.

Cineworld said total UK and Ireland revenue in the 19 weeks to May 14 lifted 8.8% while group revenue rose 10.7%.

Retail spend per person increased in all areas, benefiting from the range of films on offer as well as improved food, drink and other products. That resulted in more advertising revenue.

Cineworld opened two UK Cineworld cinemas and one Picturehouse in the period, a new cinema in Bucharest in Romania and extended a site in the Czech Republic. It plans to open 16 more cinemas during the rest of the year.

The group said there was a promising line-up of movies in the rest of the first half including San Andreas, Jurassic World and Minions.

The second half looked encouraging with releases such as the latest Star Wars film, Hunger Games: Mockingjay Part 2 and the next Bond film, Spectre.

"With our plans for continued expansion across the group, the board remains confident of a performance for the year as a whole in line with current market expectations."

29 May Canaccord... 540.00 Buy

Ex dividend

11 Jun 2015 Cineworld Group PLC (9.7 P)

Ouch - 18 Jun Barclays... 325.00 Equal weight

Shares -The sudden departure of CFO Philip Bowcock has spooked investors but we remain positive on the stock.

Trading update

7 Jul Canaccord... 540.00 Buy
7 Jul Numis 550.00 Add
7 Jul Investec 560.00 Buy
7 Jul N+1 Singer 550.00 Buy

Market Buzz

Analysts hold forecasts on Cineworld despite positive outlook

Tue, 07 July 2015


Analysts hold forecasts on Cineworld despite positive outlook



Analysts left ratings for Cineworld unchanged following a positive trading statement which recorded revenues up 11.2% for the first half of the year.
Numis retained it's 'add' rating on the stock and a target price of 550p, while it noted the results were strong.

"As expected, Cineworld's admissions are rising less quickly than the market, reflecting its broader film range a year with numerous potential blockbusters," Numis said.

The brokerage said provided summer trading was reasonable, it would upgrade its rating at the time of interim results on 31 August.

Similarly N +1 Singer said the first-half result "provides a solid foundation for the rest of the year," but did not adjust its forecasts.

N+1 Singer retained a 'buy' rating and 550p target price on the stock.

Canaccord kept a 'buy' rating on the stock, and maintained a target price of 540p, while saying, as expected, the first trading statement was "great".

Analysts at the firm said the combination of a good film slate and soft comparatives bode well for the rest of the year, and importantly the new build programme was on track.

Shares in Cineworld had gained 0.42% to 482p on Tuesday at 10:18.

Shares - It's a scorcher for Cineworld.

Box office data implies a quiet May but good June thanks to the popularity of Jurassic world and Minions. July's stand out release based on its performance to date in US will be Disney /Pixar's Inside Out.
October is when the film schedule starts to truly shine with James Bond instalment Spectre, followed by the new star wars film in December. The two films combined stand to make 2015 a record year at the box office.

16 Jul Numis 550.00 Add

We went to see Jurassic World a couple of weeks ago.

Of course, it just has to be the case that a major dino escapes and this act causes even more to get out of their compounds - and then all hell breaks loose.

The dinos are amazing and the fight scenes are incredibly good. The story is pretty typical for this genre of film.

The whole movie certainly holds your attention and you do come out of the cinema feeling total admiration for the film makers and definitely well entertained.

And Cineworld?

Hmmm?

They actually shut the main tills down at 8:30 PM and instead of using them to sell tickets, started to clean them down with spray guns and cloths. This was done irregardless of what films were just about to start.

Accordingly, punters had to line up at the refreshments counters to buy seat tickets. When we were 'made' to do this my attitude was "FU! - There is no way you are going to do this to me and make me have to line up for a longer time and just to try to force me to buy your stupidly high priced crap!"

We voiced strong complaint about this procedure and since there were so many punters, who had turned up at the same time to see this showing of 'JW' the queues were pretty big. It's infuriating to see 60 people in the lines and the main tills shut. Seat positions were just 'take it or leave it!'

Note the 60 people mention. For the SP this is good. The till policy tells you the company's senior management are ruthless and don't give a shit.

Dont' hold these for the long term, IMHO. Management thinking is 'short termism'.

you're right; tells you plenty about the quality of management, and is also probably a reflection of low morale among the staff who no doubt get paid bugger all ...... thus the reasonable attitude of, i only get paid to work until 20:330 or whenever, and that's it - end of story


interestingly, a parallel can be drawn with gyms (leisure centres to use posh parlance), where PTs, who are always self-employed, are charged up to 40% of their fees for "management", while the gym provides little other than the facilities ...... thus, gyms have huge t/o of PTs and/or the really qualified and experienced PTs won't work there ..... very short term mentality

PT's are a waste of money for most people , women like having them so they can "say got to go now , to see my PT '' lot's of gym users have been useing them for years, all i can say is they must very slow to learn , i seen them week after week being shown how to use a lat pull down m/c, and they seem to spend more time chatting to their PT then training

aldo - for me, my PT provides the motivation i need to go at all .... however, what is most interesting is how many people who go to the gym don't actually use weights and similar as they should, thus doing themselves little good and sometimes, setting themselves up for injury

but the above was not at all the point of my post 288

Market buzz -Shares in movie theatre operator Cineworld rose as Barclays raised its rating for the stock to 'overweight' and upped its price target to 580p from 325p.

Cineworld shares traded at 522.50p at 1359p, up by 1.65%.

Analysts at Barclays said Cineworld was in a 'sweet spot' as the company had low cost headwinds.

Industry supply growth was low, especially in Eastern Europe, analysts said, while Cineworld was adding screens to its portfolio.

Demand appeared robust,given the film release schedule for 2015 and 2016, analysts said, and the cost outlook was benign as the new living wage would have minimal impact as wages were only 14% of total costs.

Barclays said the company also had initiatives such as join Starbucks partnerships which could be rolled out about half the UK cinemas.

ST of IC today - Admittedly, most of the good news is already priced into the shares which are rated on 19 times fiscal 2015 EPS estimates of 27.9p, falling to 17.4 times fiscal 2016 estimates of 30.5p. A prospective dividend per share of 15.3p this year and 16.8p in 2016 implies a forward dividend yield of 2.9 per cent, rising to 3.2 per cent. Analysts at broking house N+1 Singer have a target price of 550p, or 4 per cent above the current share price.

So having considered the valuation, second half trading prospects and a bullish chart set-up with the shares just giving a swing and point & figure buy signal after the price took out the May record high of 523p, I am inclined to run these paper profits.


Cineworld will announce its interim results on Thursday, 13 August 2015 and the figures are likely to make for a good read

A String-potential-blockbuster-sets-scene-Cineworld-update.

Analysts at Numis Securities forecasts a 24 per cent rise in pre-tax profits to £30.5million in first half results on Thursday.

Citigroup initiates at buy on Cineworld
StockMarketWire.com
Citigroup has initiated coverage of cinema operator Cineworld (LON:CINE) with a buy recommendation, stating that it likes the company's high visibility, robust compounding, self-funded growth and international expansion opportunity, which it believes is not currently reflected in the share price.

The broker added: "Furthermore, upside from surplus cash generation could drive an accelerated growth rate or cash returns.

"A relatively strong film slate into 2H15E should provide confidence in estimates and the interims update on 13 August 2015 could be a positive catalyst."

Analysts have set an initial target price of 720 pence a share, implying almost 40 per cent expected total return.



At 1:37pm: (LON:CINE) Cineworld Group PLC share price was +17.25p at 549.25p

11 Aug Citigroup 720.00 Buy