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Cineworld (CINE)     

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.

cynic - 29 Nov 2017 10:20 - 462 of 501

* UK cinema chain Cineworld shares down 12.7 pct; worst day in about 10 years
* Company's board confirms advanced discussions with Regal Entertainment Group and is finalising due diligence in relation to a possible all-cash offer to acquire 100% of Regal at a price of $23.00 per share...
* Company to fund potential acquisition of Regal through mixture of incremental debt and material equity raise by way of a rights issue
* Stock top loser on FTSE Mid Cap Index; YTD +7.3 pct

cynic - 05 Dec 2017 14:07 - 463 of 501

one of you clever chaps may be able to make a more logical fist of this ......

CINE has dumped 20% since it agreed a reverse t/o of the large American Independent Group
the t/o will be funded by a rights issue, the terms of which have yet to be announced and approved by the shareholders (though i am sure they will be)

i actually wonder if the sp has been shorted down to ensure a more discounted rights issue that might have been the case
if that is so, then buying before said rights issue and taking it up might be a good play, especially in the medium term

any views anyone?

dreamcatcher - 05 Dec 2017 16:45 - 464 of 501

The street - Cineworld will pay $23 a share for Regal, a price that values the Knoxville, Tennessee-based group at $3.6 billion which, along with around $2.2 billion in liabilities, gives the deal, which will be classified as a reverse takeover, an enterprise value of $5.8 billion. Cineworld said it will fund the transaction with a £1.7 billion ($2.3 billion) rights issue underwritten by Barclays, HSBC and Investec and £4 billion in debt capital. 

I think you may be right cynic, with such a large rights issue.

dreamcatcher - 05 Dec 2017 16:47 - 465 of 501

The Mail today -
Russ Mould, investment director at AJ Bell, said: 'Judging by the way in which the shares have slumped since the deal was first unveiled, investors in Cineworld are concerned that the swoop for Regal will be a flop rather than a box-office smash.
'However, at first glance, the planned purchase does (just) pass three of the four tests which shareholders should apply to any acquisition and perhaps this explains why its shares are holding relatively firm today.' 

Cineworld shares were down nearly four per cent in early trading, but have largely recovered since. As of 9.15am, they sit at 543p a share.
However, at the end of November, they were 694.5p a share – a drop of more than a fifth in a week. 

dreamcatcher - 06 Dec 2017 16:58 - 466 of 501

I'm staying well clear.

dreamcatcher - 13 Dec 2017 13:33 - 467 of 501

I see one of the large share holders is not happy about the takeover. In todays Mail.

dreamcatcher - 04 Jan 2018 18:31 - 468 of 501

11:10 04/01/2018
Broker Forecast - Numis issues a broker note on Cineworld Group PLC
Numis today upgrades its investment rating on Cineworld Group PLC (LON:CINE) to buy (from hold) and set its price target at 825p. Story provided by StockMarketWire.com

skinny - 14 Jan 2018 12:39 - 469 of 501

Peel Hunt Hold 571.00 600.00 600.00 Reiterates

dreamcatcher - 17 Jan 2018 07:21 - 470 of 501

Trading statement

dreamcatcher - 17 Jan 2018 07:22 - 471 of 501

Rights issue

cynic - 28 Jan 2018 16:42 - 472 of 501

an article in today's ST was somewhat non-committal to marginally negative on its view of both the share and the attaching rights issue
however, it did comment that at least the management was digging deep into its own pocket to the tune of £400m of rights issue stock

dreamcatcher - 28 Jan 2018 17:12 - 473 of 501

Not me. :-))

cynic - 28 Jan 2018 17:24 - 474 of 501

i already hold and am undecided what to do next

dreamcatcher - 28 Jan 2018 17:46 - 475 of 501

Fwiiw - I think the sp fall was over done, Should recover. There will be big cost savings.
Two good business brothers in the management. Would think it can only rise from its current position.

mitzy - 05 Feb 2018 10:03 - 476 of 501

Best to sell here its not worth buying.

cynic - 05 Feb 2018 10:17 - 477 of 501

mitzy - do you ever follow your own advice? .... in this instance, pehaps you have even shorted some

hlyeo98 - 05 Feb 2018 10:51 - 478 of 501

Why has Cineworld dropped 50% today???

skinny - 05 Feb 2018 11:15 - 479 of 501

Have a read.

cynic - 05 Feb 2018 16:35 - 480 of 501

excatly so, and the apparently 50% drop is of course not really so if you are a holder, as the nil-paid rights have a chunky premium attaching

dreamcatcher - 07 Feb 2018 18:18 - 481 of 501

10:20 07/02/2018
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 cut its price target to 300p (from 780p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk
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