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.

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%.

Half year report



Financial Highlights

· Group revenue growth of 8.4% on a statutory basis and 6.8% on a constant currency basis1;

- UK & Ireland revenue growth of 3.0%,

- ROW4 revenue growth of 13.9% on a constant currency;

· EBITDA growth of 9.0% on a statutory basis and 7.2% on a constant currency basis;

· Adjusted profit after tax increased by 5.5% to £32.7m;

· Adjusted profit before tax remains broadly flat at £39.4m;

· Statutory profit after tax decreased to £24.4m, predominantly due to:

- a £6.4m one-off gain on a disposal in the prior year period, and

- adverse currency movements of £6.1m compared to an exchange rate gain of £8.9m in the prior year period;

· Adjusted diluted EPS growth of 5.2% to 12.2p;

· Interim dividend increased by 4.0% to 5.2p;

· Net cash generated from operating activities of £44.4m; and

· Net debt broadly flat at £250.3m compared to £245.2m at 31 December 2015.



Operational Highlights

· Admissions growth of 2.7% to 46.1m;

· Strategic expansion continued with four more site openings, taking the Group to 2053 screens;

· Estate management progressing well, with six major refurbishments to be completed by the end of 2016;

· Driving technological innovation with the first 4DX screen in Slovakia and first IMAX Sound Experience in the UK; and

· CEO, Mooky Greidinger awarded the Global Achievement Award in Exhibition at Cinemacon 2016.

11 Aug Canaccord... 520.00 Hold
11 Aug Peel Hunt 650.00 Buy

Acquisition of five cinemas

RNS


RNS Number : 9993G

Cineworld Group plc

12 August 2016






12 August 2016



Cineworld Group plc



Acquisition of five cinemas



Further to the announcement on 28 July 2016, Cineworld Group plc ("Cineworld" or "the Group") today announces that it has completed the acquisition of five cinemas from Cinema Holdings Limited, the holding company of Empire Cinema Limited.



For further details please contact:




Cineworld Group plc

020 8987 5000

Bell Pottinger

020 3772 2512


Israel Greidinger




Elly Williamson/Zara de Belder









About Cineworld Group plc



Cineworld Group plc was founded in 1995 and listed its shares on the London Stock Exchange in May 2007.



The company has grown organically and by acquisition to become one of the leading cinema groups in Europe with the number one or number two position by number of screens in each of its regions. Cineworld currently operates 2,109 screens across 225 sites in the UK, Ireland, Poland, the Czech Republic, Slovakia, Hungary, Bulgaria, Romania and Israel.