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.

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

13 Jun Berenberg 650.00 Buy

11 Jul Barclays... 580.00 Overweight

worth looking at RTN in conjunction with this

Cheers. Read contradicting views . With people supposedly tightening their belts with brexit worries, I would have thought the likes of the cinema and eating out would be on the chopping board?

Acquisition of five cinemas

RNS


RNS Number : 4556F

Cineworld Group plc

28 July 2016




28 July 2016



Cineworld Group plc



Acquisition of five cinemas



Cineworld Group plc ("Cineworld" or "the Group") today announces the acquisition of five cinemas from Cinema Holdings Limited, the holding company of Empire Cinema Limited ("Empire") and the sale to Empire of the three screen Cineworld Haymarket ("the Transaction"). Cineworld will pay Empire an aggregate consideration of 94 million GBP1 for the Transaction.



The cinemas purchased are:

· the nine screen Empire Leicester Square multiplex, a leading London West End venue for movie premieres, which has a Laser IMAX screen,

· an 18 screen multiplex in Basildon, which has an IMAX screen,

· a 17 screen multiplex in Hemel Hempstead, which has an IMAX screen,

· a 16 screen multiplex in Poole, which has an IMAX screen and

· a smaller four screen cinema in Bromley in Greater London



In recent years, extensive investment has been made into this portfolio. EBITDA for the twelve months to 31 March 2016 was £9m2, which includes only a partial contribution from additional screens, and the UK's first IMAX Laser in the Leicester Square multiplex, all of which were only opened part way through the financial period.



The Directors believe that the Transaction will be marginally earnings enhancing for Cineworld within the current financial year and provide high single digit earnings enhancement in 2017, including some anticipated synergies. The 2017 growth will benefit from the full contribution of the new screens opened in 2015 and 2016, which are not reflected in the historic EBITDA performance.



The consideration for the Transaction will be 50% cash and 50% new ordinary Cineworld shares. The shares will be issued to Empire in 5 instalments during a 12 month period, based on an issue price reflecting 20 days' average trading price prior to the date of each issuance. The Transaction is unconditional and is expected to close before the end of August 2016. Cineworld will be notifying the Competition and Markets Authority ("CMA") of the Transaction on a voluntary basis. The timetable for completion will not be affected by the notification to the CMA.



The Leicester Square, Basildon, Hemel Hempstead and Poole cinemas will take on Cineworld branding, while management is considering converting the Bromley cinema into a Picturehouse to make optimum use of its size and location. No further material capex is required due to the investment in the portfolio in recent years, and all the multiplexes are modern with state of the art equipment.



Cineworld will announce interim results for the period to 30 June 2016 on 11 August 2016.



Mooky Greidinger, Chief Executive Officer of Cineworld, said,



"This acquisition brings Cineworld five modern and well invested venues complementary to our existing estate, including the iconic Leicester Square cinema in the heart of London's West End. It underscores our commitment to operating high quality and modern cinemas across all of our nine operating countries, and our mission to be the best place to watch a movie. I'm delighted that the Anderson family, well-known cinema industry veterans, have entrusted these sites to us. We welcome them as shareholders in Cineworld and look forward to delivering increased returns to all of our investors from integrating these cinemas into our group."



Thomas Anderson, Chairman of Empire, said,



"I'm pleased to have found the ideal partner in Cineworld to buy these sites. Their reputation as good operators gives me confidence in a bright future for the cinemas and their employees, and as a shareholder in Cineworld, I trust the company's ownership will enable it to maximise the value of these premium assets as part of its continued growth."



1 Subject to customary adjustments

2 Extracted from management accounts for the twelve months to 31 March 2016

3 The shares issued as consideration are subject to a lock-up of 12 months from the date of completion

29 Jul JP Morgan... 610.00 Overweight

you should also keep your eye on RTN which has sites in close proximity and also happens to be a potential t/o target
sp has been left behind a bit relative to CINE

Nice rise for RTN today. Cheers for the info.

Broker Forecast - JP Morgan Cazenove issues a broker note on Cineworld Group PLC

JP Morgan Cazenove today reaffirms its overweight investment rating on Cineworld Group PLC (LON:CINE) and raised its price target to 640p (from 610p). Story provided by

Cineworld Group PLC (CINE:LSE) set a new 52-week high during today's trading session when it reached 602.00. Over this period, the share price is up 13.16%.