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.

Final Results


Other key highlights for Cineworld Cinemas (excluding Picturehouse)



· Cineworld Cinemas' box office market share of 24.7% (2011: 24.8%) in UK and Ireland (Rentrak/EDI).

· Cineworld Cinemas' box office up 3.9% at £251.6m against 2011;

· Admissions 1.0% lower than 2011 at 47.8m;

· Average ticket price per admission up 5.0% to £5.26 (2011: £5.01) with higher average retail spend per person at £1.72 (2011: £1.69);

· Acquisition of the Picturehouse Group of cinemas on 6 December for £47.3m;

· Opening of a new seven screen cinema at Aldershot;

· Digital conversion fully completed during summer 2012;

· IMAX screens increased to eight cinemas








http://www.moneyam.com/action/news/showArticle?id=4550490

Cineworld shares up as increases 2012 pre-tax profit
8:46 am by Giles GwinnettShares rose 0.44% to 283p

Chief executive of Cineworld (LON:CINE) Stephen Wiener said he was "delighted" with the group's progress in 2012 - which led to a 15.3% increase in pre-tax profit.

The sterling performance prompted Britain's second largest cinema chain to propose a 7.3% increase to full-year dividend to 11.8 pence (2011:11p).

Revenues for the 52 weeks to December 27 came in at £358.7mln compared to £348mln in 2011.

Wiener said 2012 had been a "busy year", the culmination of which was the acquisition of Picturehouse.

"The new year has started well and in line with our expectations. There is an attractive release schedule for the year which we expect to play well with our differentiated programming strategy. In addition, there is little in the way of major events to distract cinema goers.

"We remain on track to open four new cinemas: a nine screen cinema in Wembley, a six screen cinema in St Neot's, a new ten screen cinema replacing our existing cinema in Gloucester and we have reached an agreement to take over the IMAX cinema at the Glasgow Science Centre. Together with the strong film schedule these will help maintain our strong market position and underpin growth in 2013," he said.

Shares rose 0.44% to 283p.

Strong buying today.

As of Mar 09, 2013, the consensus forecast amongst 9 polled investment analysts covering Cineworld Group plc advises that the company will outperform the market. This has been the consensus forecast since the sentiment of investment analysts deteriorated on Dec 09, 2011. The previous consensus forecast advised investors to purchase equity in Cineworld Group plc.

A strong buy in this weeks IC -




Cineworld(CINE) has built an impressive growth record and the cinema operator's solid progress looks set to continue. Despite this, its shares trade on an ordinary rating that does little to reflect the company's virtues. That makes its shares an attractive prospect for buy-and-hold investors who want a decent slug of income.

cont. from the last post - from the perspective of income, the yield which is 4.4% based on 2013's likely payout, is nice. Yet Cineworld has a record of raising the payout by about 5% a year (2012 payout rose 7% and that makes the income play really tempting.Broker Numis also reckons that Cineworlds EPS will grow by almost 9% compound for the three years to 2015.And, given the confidence that investors can take from the company's track record and the defensive characteristics of cinema attendance, the rating of 12 times 2013's forecast earnings looks undemanding.
Over the three year period Numeris thinks that net debt as a multiple of cash profits will drop from 1.9 times to just 1.0 times. Four new Cineworld cinemas are planned this year and another 21 should be added by the end of 2017. That compares with a current estate of 80 Cineworld outlets and 21 Picturehouse cinemas.



As of Mar 15, 2013, the consensus forecast amongst 9 polled investment analysts covering Cineworld Group plc advises that the company will outperform the market. This has been the consensus forecast since the sentiment of investment analysts deteriorated on Dec 09, 2011. The previous consensus forecast advised investors to purchase equity in Cineworld Group plc.

Cineworld Group: N+1 Singer initiates with a target price of 327p and a buy recommendation.

Consumer sector bouncing back; N+1 Singer picks its winners
1:02 pm by John Harrington "We are somewhat encouraged by various consumer related indicators showing signs of stability. Hence from a macro perspective we believe that ... 2013 is likely to be a more favourable year for ‘growth’ stocks given a broadly stable economic climate in the UK," Singer said.

The consumer sector is notoriously cyclical, and lead economic indicators are pointing to a return to fashion for consumer facing companies, N+1 Singer argues.

The recent sector rally adds weight to this thesis but also means that the broker’s inaugural report on the sector is a bit on the late side; nevertheless, N+1 Singer has highlighted some players it thinks should still prosper over the medium-term.

Its top picks in the sector are: Cineworld (LON:CINE); Greene King (LON:GNK); Marston’s (LON:MARS); Cranswick (LON:CWK), CVS (LON:CVS); and Goal Soccer Centres (LON:GOAL).

At cinemas operator Cineworld (target price, or TP, of 327p), the broker feels "Cineworld is evolving from a defensive income stock to one with improving growth attributes."





http://www.proactiveinvestors.co.uk/companies/news/55130/consumer-sector-bouncing-back-n1-singer-picks-its-winners-55130.html

3

Cineworld Group: Goldman Sachs ups target price from 268p to 310p and maintains a neutral rating.

Cineworld Group plc
Annual Report and Accounts 2012

http://www.cineworldplc.com./download/pdf/2012-annual-report.pdf

Whats on at Cineworld -

http://www.cineworld.co.uk/whatson


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As of Apr 12, 2013, the consensus forecast amongst 10 polled investment analysts covering Cineworld Group plc advises that the company will outperform the market. This has been the consensus forecast since the sentiment of investment analysts deteriorated on Dec 09, 2011. The previous consensus forecast advised investors to purchase equity in Cineworld Group plc.

Cineworld Group PLC (CINE:LSE) set a new 52-week high during today's trading session when it reached 287.75. Over this period, the share price is up 37.76%.

cineworld Group PLC (CINE:LSE) set a new 52-week high during today's trading session when it reached 288.00. Over this period, the share price is up 41.52%.

Cineworld Braced For OFT Verdict Into Takeover
Sky NewsBy (c) Sky News 2013 | Sky News – 13 minutes ago...

Cineworld, Britain's biggest cinema operator, is braced for regulators to open a full competition inquiry into its £47m takeover of the country's leading art-house chain.

I understand the Office of Fair Trading (OFT) will say as early as tomorrow that it has reached a verdict on Cineworld's purchase of City Screen Group, which trades as Picturehouse from 21 sites around the UK.

Insiders said on Monday that Cineworld was braced for the OFT to refer the deal to the Competition Commission over concerns that it would diminish competition in the industry, although analysts said that it could avoid such an inquiry by offering to sell a number of Picturehouse sites.

A full competition referral would be a blow to Cineworld, which had pledged to retain Picturehouse as a separate business entity within the group and which would continue to be run by Lyn Goleby, the chain's founder.

Cineworld scotched industry suggestions today that Ms Goleby was on the verge of resigning.

People close to the situation said that Cineworld could yet avoid a reference to the Competition Commission, but described such a scenario as "unlikely".

Cineworld, which operates 80 multiplexes, unveiled bumper profits of more than £35m for last year, buoyed by an unexpected boost in consumer spending on items such as popcorn and drinks.

Britain's cinema industry is dominated by three major groups.

The Odeon and UCI chains are owned by Terra Firma Capital Partners, the private equity vehicle of Guy Hands, the financier best-known for his turbulent and unsuccessful ownership of EMI, the British music group.

Vue Entertainment is also owned by a private equity firm, Doughty Hanson, which has begun discussions with banks about a potential sale of the company.

Some customers of Picturehouse cinemas had expressed concern that the venues' character would be undermined by their ownership by a larger cinema operator.

Like another recent consumer industries deal, however - the takeover of the Giraffe restaurant chain by Tesco (LSE: TSCO.L - news) - the new parent has pledged to keep its new subsidiary operating as an independent entity.

"The opportunity to be part of a public company is great news for Picturehouse and our customers," Ms Goleby said when the deal was announced in December.

"We are known for our high quality city centre cinemas and our distinctive, wide-ranging programming.

"The unique character of Picturehouse cinemas will remain and our team will continue to bring the widest range of film to customers. This acquisition by Cineworld will accelerate the development of further Picturehouse cinemas around the country."

Cineworld was founded by Stephen Wiener, who founded the business in 1995 and owns a substantial stake in the company.

Cineworld and the OFT, which has a deadline to report back on the deal of later this week, both declined to comment.

Response to Office of Fair Trading Announcement

RNS


RNS Number : 6448D

Cineworld Group plc

30 April 2013






30 April 2013



Cineworld Group plc



Response to Office of Fair Trading Announcement





On 6 December 2012 Cineworld announced that it had acquired City Screen Group, which trades as Picturehouse (the "Acquisition").



The Office of Fair Trading has today announced that it has referred the Acquisition to the Competition Commission because of concerns that it may reduce local competition in certain areas.



Cineworld will be assisting the Competition Commission with its investigation. A further announcement will be made in due course.

Canaccord Genuity has kept its 'buy' rating and 360p target price for cinema chain Cineworld saying that the Office of Fair Trading's (OFT) referral of the Picturehouse takeover to the Competition Commission will not affect the business.

Analyst Wayne Brown admitted the the OFT referral was of no surprise but "will have no impact on the group as both businesses are being run independently of each other".

Broker snap: Canaccord upbeat about Cineworld despite OFT referral
Wed 01 May 2013




Broker snap: Canaccord upbeat about Cineworld despite OFT referral LONDON (SHARECAST) - Canaccord Genuity has kept its 'buy' rating and 360p target price for cinema chain Cineworld saying that the Office of Fair Trading's (OFT) referral of the Picturehouse takeover to the Competition Commission will not affect the business.

Analyst Wayne Brown admitted the the OFT referral was of no surprise but "will have no impact on the group as both businesses are being run independently of each other".

The broker pointed out that there are concerns with a reduction of competition at five local cinemas but the group should argue that they operate and appeal to a different client base.

Canaccord believes that if Cineworld is unsuccessful, a sale of these five cinemas will result in a £1.2m reduction (-2.5%) to profit before tax.

Meanwhile, while the group did not comment on current trading in a press release on Tuesday, Brown said that industry data suggests that weekend box office revenues are 13% ahead of last year and the film slate looks strong.

The stock is trading at 12.8 times 2013 earnings for 12% earnings per share growth.

"Momentum is improving and we see continued forecast upgrades in FY13E," Brown said.

The stock was down 0.17% at 289p by 11:11.

02 May 08:28 Cineworld Group PLC Canaccord Genuity Reiterates

Cineworld Group PLC (CINE:LSE) set a new 52-week high during today's trading session when it reached 310.25. Over this period, the share price is up 47.97%.