dreamcatcher
- 18 Aug 2012 13:13
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.

cynic
- 30 Oct 2015 09:39
- 323 of 501
anyone know why this one was down a relative lump this morning?
aldwickk
- 30 Oct 2015 10:35
- 324 of 501
Canaccord , c ##ts downgrade to 535
cynic
- 30 Oct 2015 11:39
- 325 of 501
that's very antisocial
cynic
- 30 Oct 2015 12:09
- 327 of 501
confess i'm not in a buying mood for anything
FTSE refuses to break north despite wall street
Stan
- 30 Oct 2015 12:28
- 328 of 501
Don't be so impatient Alf, give it time.
cynic
- 30 Oct 2015 12:39
- 329 of 501
i already hold, though a fairly modest stake
dreamcatcher
- 30 Oct 2015 13:47
- 330 of 501
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
dreamcatcher
- 30 Oct 2015 13:49
- 331 of 501
Strange how only a week ago they were saying buy.
30 Oct Canaccord... 535.00 Sell
23 Oct Canaccord... 620.00 Buy
cynic
- 30 Oct 2015 14:24
- 332 of 501
in another world, one might might accuse canaccord of "pump and dump" ..... how could one ever imagine such a thing?
aldwickk
- 30 Oct 2015 14:27
- 333 of 501
Also IG index chart gives a 228 target
dreamcatcher
- 30 Oct 2015 14:38
- 334 of 501
Interesting to see other broker views/notes
aldwickk
- 30 Oct 2015 15:47
- 335 of 501
If they said take profits at 620 , that would make more sense
dreamcatcher
- 30 Oct 2015 15:57
- 336 of 501
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.
jimmy b
- 30 Oct 2015 16:14
- 337 of 501
I have to say Canaccord never fails to amaze me ,just look at the targets they put on QPP and then changed dramatically .
dreamcatcher
- 30 Oct 2015 16:17
- 338 of 501
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
Chris Carson
- 31 Oct 2015 09:24
- 340 of 501
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
dreamcatcher
- 31 Oct 2015 12:25
- 341 of 501
Good to see some more broker forecasts next week Chris. There was no great sell off on Friday, buys and sells pretty much equal.
Chris Carson
- 31 Oct 2015 13:53
- 342 of 501
Fingers crossed dc.