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.

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It is Daniel Craig\\\'s last film as James Bond









Canaccord has latched onto Bond-mania with the release of Sceptre, the latest film in the long-running franchise, on Monday to repeat its ‘buy’ rating on cinema chain Cineworld (LON;CINE).

But it is the less racy expansion opportunity for the chain in eastern Europe that has got the broker’s juices running.

An analysts’ trip to Romania confirmed the commanding position in a growing market held by Cineworld in a country where there is little competition said the broker.

Subsidiary Cinema City operates 21 of 34 multiplexes in Romania with plans to take it to 40 multiplexes in the next five years.

Cineworld also makes more money per pound of investment in Romania that anywhere else.

The 40 multiplex target is realistic, believes Canaccord, as Romania has a population of 20mln and there are 23 cities with a population of over 100,000.

James Bond and Star Wars excitement meanwhile has led to problems coping with the demand.

Canaccord said Cineworld had confirmed its website had crashed along with its rivals due to the surge of interest, with as many ticket requests for Star Wars in a day as normally come in over three months.

Buy with a 620p target price says the broker.

anyone know why this one was down a relative lump this morning?

Canaccord , c ##ts downgrade to 535

that's very antisocial

It was either going to break 600p or fall back, broker just gave the green light to take profits. Shit happens eh. Opportunity to buy.

confess i'm not in a buying mood for anything
FTSE refuses to break north despite wall street

Don't be so impatient Alf, give it time.

i already hold, though a fairly modest stake

Market Buzz

Canaccord Genuity draws the curtains on Cineworld, says it´s time to sell

Fri, 30 October 2015


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Canaccord Genuity draws the curtains on Cineworld, says it´s time to sell



(ShareCast News) - Shares in Cineworld rose by a staggering 75% over the last twelve months, driven by a fantastic slate of films during that period, but the time had come to take some money 'off the table' a leading broker said on Friday.
That will reach its climax in the present quarter, with three 'blockbusters': Bond Spectre, Hunger Games: Mockingjay Part 2 and Star Wars: the Force Awakens, but so too might the gains in the stock, analysts at Canaccord Genuity said on Friday.

"It's time to take profits," the broker said in a research report sent to clients.

Analyst Nigel Parson explained that Cineworld "traditionally under-indexes versus Odeon and Vue on blockbusters and our research suggests this quarter will be no exception."

Next year´s slate is "less strong" and it could become a 'crowded trade'.

The distraction from the Olympics and the UEFA European Football Championships next summer will not help either.

Parson downgraded the stock to 'sell' from 'buy' and lowered his target price to 535p from 620p

Strange how only a week ago they were saying buy.


30 Oct Canaccord... 535.00 Sell

23 Oct Canaccord... 620.00 Buy

in another world, one might might accuse canaccord of "pump and dump" ..... how could one ever imagine such a thing?

Also IG index chart gives a 228 target

Interesting to see other broker views/notes

If they said take profits at 620 , that would make more sense

Investec target price is 660p. Still think this quarter with the films released will be very strong. 2015 should be record year at the box office.

I have to say Canaccord never fails to amaze me ,just look at the targets they put on QPP and then changed dramatically .

Agree Jimmy. Shares mag even gave a good write up this week.

This made me laugh for NEXT - 29 Oct Haitong... 5,500.00 Sell

Looking at the chart above, I wonder if Cannaccord target is based on this small gap to fill @ 531p. Clutching at straws? Strange behaviour by Cannaccord, to change their forecast within a week.

LATEST BROKER VIEWS

Date Broker New target Recomm.
30 Oct Canaccord... 535.00 Sell
23 Oct Investec 660.00 Buy
23 Oct Canaccord... 620.00 Buy
8 Oct JP Morgan... N/A Overweight
6 Oct Berenberg 650.00 Buy
7 Sep Citigroup 720.00 Buy
21 Aug Investec 660.00 Buy
18 Aug N+1 Singer 650.00 Buy
13 Aug Investec 600.00 Buy
13 Aug Canaccord... 540.00 Buy
Broker Recommendations for Cineworld Group

Good to see some more broker forecasts next week Chris. There was no great sell off on Friday, buys and sells pretty much equal.