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.

with the rave reviews of the latest star wars, i am very surprised to see this stock remaining so subdued

25 Nov Canaccord... 500.00 Sell


I think the above certainly does not help.

MIDAS-SHARE-TIPS-UPDATE-Hold-nerve-Cineworld-s-blockbuster-battle.

Update Tuesday =


Proactive Investors - Investors will be keen to find out if Cineworld (LON:CINE) has felt the Force when the picture house chain also updates the market.

Analysts reckon the release of the latest instalment of the Star Wars series, Star Wars: The Force Awakens will have helped the group to make up for weaker admissions between July and November.

The film has already grossed more than US$1.7bn in global box office takings but some say it is unlikely to surpass the US$2.78bn all-time global box office record achieved by Avatar.

Numis Securities, which is forecasting annual pre-tax profit of £95.1mln versus £75mln last time, said the blockbuster should help Cineworld to at least meet full-year expectations for 2015.

Numis analyst Douglas Jack said: “We expect subsequent trading to have been strong due to the very strong performance of Star Wars: The Force Awakens. “

Trading update

12 Jan Canaccord... 500.00 Sell
12 Jan Numis 625.00 Add
12 Jan Peel Hunt 595.00 Add
12 Jan Investec 660.00 Buy

13 Jan Numis 625.00 Add
13 Jan Investec 660.00 Buy
13 Jan JP Morgan... 600.00

cineworlds-shares-now-present-good-value-says-broker

Record-year-UK-cinemas-Star-Wars-James-Bond-movies-help-box-office-hit

Upgrade - 12 Feb Canaccord... 500.00 Hold

25 Feb Numis 600.00 Add

Market Reports


Fri, 04 March 2016

FTSE 250 movers: Evraz, Amec rise while Cineworld sinks
(ShareCast News) - The FTSE 250 was up slightly during afternoon trading on Friday, with Evraz leading the risers and Cineworld the biggest loser.
Cineworld was down after analysts at UBS reiterated its shares as 'sell'. According to UBS's price target of 490p on the cinema operator's stock, the broker was looking at a decrease of 3.04% from Cineworld Group's current price levels. "We are cautious on both the remaining roll-out potential and the structural growth opportunity in Cineworld," said UBS analyst Heidi Richardson.

Preliminary results

Financial Highlights



· Group revenue growth of 13.9% on a statutory basis and 12.4% on a pro forma2 basis;

- UK & Ireland revenue growth of 12.7% on a 52 week v 52 week basis,

- CEE6 & Israel revenue growth of 11.7% on a pro forma basis;

· EBITDA growth of 22.7% on a statutory basis and 18.5% on a pro forma basis;

· Adjusted profit before tax increased by 37.1% to tax of £102.8m after non-recurring costs and amortisation of £3.1m;

· Profit after tax increased by 49.2% to £81.3m;

· Adjusted diluted EPS5 growth of 28.7% to 31.4p;

· Full year dividend increased by 29.6% to 17.5p;

· Net cash generated from operating activities increased by 92.7% to £165.9m; and

· Net debt reduced from £281.9m to £245.2m, reducing the EBITDA to net debt ratio at the year end to 1.6 times.



Operational Highlights



· Record number of 18 sites opened during the period, taking the Group to 2,011 screens.

· A record 93.6m admissions, an increase of 12.9%.

· Top ranked UK cinema chain in highly-regarded annual survey by the Institute of Customer Service.

· Integration of the two Groups successfully completed and the synergies achieved have significantly exceeded original expectations.

Cineworld's record
Cineworld Group unveils record results for the 52-week period ended 31 December. After-tax profit rose 49.2% to GBP81.3m and the full year dividend gained 29.6% to 17.5p. Group revenue rose by 13.9% on a statutory basis and 12.4% on a pro forma basis to GBP705.8m with UK & Ireland revenue growth...

10 Mar Numis 600.00 Add
10 Mar Peel Hunt 595.00 Add

14 Mar Investec 660.00 Buy
14 Mar Berenberg 650.00 Buy

Trading update

19 May Canaccord... 520.00 Hold

cineworld-takes-centre-stage-after-strong-start-to-2016

20 May JP Morgan... 610.00