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.

dreamcatcher
- 25 Apr 2013 11:30
- 46 of 501
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%.
dreamcatcher
- 26 Apr 2013 17:14
- 47 of 501
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%.
dreamcatcher
- 29 Apr 2013 18:29
- 48 of 501
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.
dreamcatcher
- 30 Apr 2013 15:32
- 49 of 501
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.
dreamcatcher
- 01 May 2013 15:07
- 50 of 501
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".
dreamcatcher
- 01 May 2013 15:08
- 51 of 501
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.
dreamcatcher
- 02 May 2013 10:44
- 52 of 501
02 May 08:28 Cineworld Group PLC Canaccord Genuity Reiterates
dreamcatcher
- 03 May 2013 16:46
- 53 of 501
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%.
dreamcatcher
- 05 May 2013 16:58
- 54 of 501
Questor share tip: Cineworld still a buy for income and growth
Cineworld's referral to the Competition Commission is not a cause for concern. Questor says buy.
Garry White By Garry White
7:00AM BST 02 May 2013
Cineworld's acquisition of the Picturehouse cinema chain has been referred to the Competition Commission. Investors should not fret.
The multiplex cinema chain Cineworld announced plans to buy the independent “art house” cinema chain Picturehouse in December for £47.3m.
The issue for the regulator is with five cinemas owned by Picturehouse where it thinks that competition will suffer if a purchase goes through.
These cinemas are located in Aberdeen, Brighton, Bury St Edmunds, Cambridge and Southampton. The regulator fears that a lack of competition could see ticket prices increase in these areas.
dreamcatcher
- 06 May 2013 21:12
- 55 of 501
Share price forecast
The 8 analysts offering 12 month price targets for Cineworld Group plc have a median target of 322.50, with a high estimate of 360.00 and a low estimate of 238.00. The median estimate represents a 4.12% increase from the last price of 309.75
dreamcatcher
- 09 May 2013 08:42
- 56 of 501
09 May 08:35 Cineworld Group PLC Investec Retains
dreamcatcher
- 09 May 2013 09:09
- 57 of 501
Cineworld: Investec takes target price from 310p to 347p retaining its buy recommendation.
dreamcatcher
- 14 May 2013 18:43
- 58 of 501
Cineworld Group PLC (CINE:LSE) set a new 52-week high during today's trading session when it reached 325.63. Over this period, the share price is up 51.28%.
dreamcatcher
- 15 May 2013 07:03
- 59 of 501
skinny
- 15 May 2013 08:27
- 60 of 501
Canaccord Genuity Buy 324.25 360.00 360.00 Reiterates
N+1 Singer Hold 325.25 325.25 327.00 340.00 Downgrades
skinny
- 15 May 2013 09:46
- 61 of 501
Investec Buy 324.00 347.00 347.00 Retains
Numis Add 324.63 325.25 350.00 350.00 Reiterates
dreamcatcher
- 15 May 2013 17:02
- 62 of 501
Credit Suisse retains neutral on TUI Travel, target raised from 322p to 377p.
N + 1 Singer cuts Cineworld Group to hold from buy, target raised from 327p to 340p.
dreamcatcher
- 21 May 2013 17:16
- 63 of 501
Cineworld Group PLC (CINE:LSE) set a new 52-week high during today's trading session when it reached 334.50. Over this period, the share price is up 53.00%.
dreamcatcher
- 25 May 2013 21:00
- 64 of 501
Money am -
Ex-Dividend
05 Jun 13 Cineworld Group PLC [CINE] (8 p) (05 Jun 13 Cineworld Group PLC [CINE] (8 p)
From the company web page -
Final Dividend Record Date 7 June 2013
Final Dividend Payment Date 4 July 2013