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.

L&G reduced holding today (From 4% to 3%)
7,084,364

Cineworld Group: N+1 Singer increases target price from 357p to 402p and upgrades to buy

lol.

Interims Thurs 15 Aug . In this weeks IC - Shares in Cineworld have been riding high and with good reason. Trading in the first half to the end of June has been buoyant, with revenues up 22% including like for like sales growth of over 10% at Cineworld cinemas. The Picturehouse chain has seen 12.9% sales growth in the same period.
This performance has been driven by admissions some 20% ahead of last year.
Ahead of half-year results, analysts expect adjusted pre-tax profit of £46m and EPS of 22.6p for 2013, up from £39m and 20.3p in 2012. On that basis, the shares are trading on a forward PE ratio of 17.

Cineworld Group PLC (CINE:LSE) set a new 52-week high during today's trading session when it reached 384.00. Over this period, the share price is up 71.43%.

Read in IC this week Cineworld can make a box of popcorn for 12p and sells it for £7.50. :-))

That is why when I take the boys to the pictures we buy a huge bag of pop corn from else where dc.

The popcorn buys the shareholders bubbly. :-)) I hope you take it in under your coat.lol
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Panmure Gordon expects Cineworld, 4p dearer at 384p, to be the next to moan about the weather when it reports interims on Thursday. The broker says since the end of the first-half (June 27), industry trading has deteriorated, with weekend box office revenues down 6.6 per cent, reflecting the impact of the hottest summer for seven years. Fair enough, who wants to sit in a cinema for hours during a heatwave. It advises clients to sell the shares ahead of the figures.


http://www.dailymail.co.uk/money/markets/article-2388262/MARKET-REPORT-Buyers-switch-summer-star-Powerhouse-Energy-Pyromex-deal.html

Sunday Times



Ahh, the summer, a time for the beach, barbecues, and holidays in the sun. For the cinema? Not so much. Last week Odeon boss Rupert Gavin blames ‘soft’ July attendance figures on the weather. Rival Cineworld surely has suffered a similar dip. Analysts expect Cineworld to reveal at its half-year results on Thursday that it has made about £18million in pre-tax profit to the end of June, up a quarter from the first six months of 2012. Cineworld may still hold some value for investors, but not much. It’s certainly no blockbuster.


Read more: http://www.dailymail.co.uk/money/investing/article-2389312/SUNDAY-NEWSPAPER-SHARE-TIPS-Ladbrokes-Legal--General-Cineworld-Genel-Energy.html#ixzz2bfxCcVH9
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http://www.dailymail.co.uk/money/investing/article-2389312/SUNDAY-NEWSPAPER-SHARE-TIPS-Ladbrokes-Legal--General-Cineworld-Genel-Energy.html

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Week ahead in business and economics: August 12-16
TelegraphBy Telegraph Staff | Telegraph – 1 hour 47 minutes ago

• Cineworld cinema giant which also owns the Picturehouse chain, updated the market in July on trading during the 26 weeks to June 27, with total revenues for the group rising 21.9pc. Box Office revenues for the group grew 18.7pc during the period 10.4pc at the Cineworld chain and 9.1pc at Picturehouse. The increase at Cineworld reflected 4.6pc growth in the average ticket price, helped by the release of 3D films such as The Great Gatsby, which command a higher entry price. As a result of the robust statement last month, analysts at Panmure Gordon are expecting the group to report this week earnings before interest, taxes, depreciation and amortisation (Ebitda) of £31.9m, up 21pc year-on-year.

A lot of selling today.

Thursday's agenda: Some like it hot - but not Cineworld
By John Harrington
August 14 2013, 6:30pm
Thursday's agenda: Some like it hot - but not Cineworld


The blistering if sporadic heat waves the UK has been enjoying have not necessarily been good news for cinema operator, Cineworld.

The company releases interim figures on Thursday and while the picture in the rear window should look good, it is unlikely that there has been a frenzy of cinema going while the weather has been so good.

"As far as profits are concerned we are looking for c£16.5mln, although the timing of various investments could [have an] impact [on] this," reveals Peel Hunt.

"Despite the positive start the group needs a good Q3, given the weak comparative in 2012 and the then very strong Q4. The hot weather could make life a bit more challenging in the short term, and the lacklustre early performance of 'Monsters University' is a reflection of this." the broker added.

Numis Securities' Douglas Jack takes up the theme. "Q3 will have started poorly with July weekend attendance down 25% reflecting the spell of sunny weather. Comps are easy through the rest of Q3, but then become very tough in Q4 due to 'Skyfall' last year.

"We expect to hold our forecasts after these results but we continue to believe that there is potential for a further re-rating as expansion accelerates and as Unlimited Card sales drive up earnings quality," Jack said.

Sorry to say it dc but may be you should have stayed and if not I hope you are happy with what you got. My boys (great nephews) took themselves off on the train for the 1st time last week to see a film - they don't need me anymore, good in some ways and sad in others!!, they made the excuse it was a kids film and I wouldn't understand it - how right they probably were ha! ha! School holidays and all it does is rain periodically here at the moment so cinemas are going to do okay.

Its should I stay or should I go as the song goes. I have had a good run here. There are a lot more shares moving faster, hopefully upwards. lol . Sounds like they are growing up fast 3m. Getting dry here, need some rain, although the farmers do not, as they are in the middle of harvest.

Half Yearly Report

Highlights
· Group revenue growth was 21.9% from £165.4m to £201.6m on a statutory basis;
· Cineworld Cinemas' revenue growth was 10.5% driven by increased Box Office receipts, up 10.5% at £131.0m (2012: £118.6m);
· Picturehouse revenue growth was 12.9% on a pro forma basis3;
· EBITDA growth was 22.1% on a statutory basis and 11.1% on a pro forma basis3;
· The Group including Picturehouse is the largest cinema operator in the UK & Ireland combined with a market share of 27.7%. Cineworld Cinemas' increased its market share4 to 25.2% (2012: 24.7%);
· Interim dividend increased by 7.9% to 4.1p;
· Net debt reduced by £6.4m from £126.9m in December 2012 to £120.5m in June 2013;
· Strong growth in Unlimited subscriber base - currently in excess of 350k members; and
· 2 million new MyCineworld registrations since the abolition of online booking fees in March 2012, taking the number of members to over 3 million.

Numis Add 390.63 425.00 450.00 Reiterates

N+1 Singer Buy 390.63 402.00 402.00 Reiterates

Canaccord Genuity Buy 390.63 360.00 450.00 Reiterates

Investec Buy 390.63 380.00 - Retains

3D effect boosts Cineworld
By Jamie Nimmo August 15 2013, 10:13am



3D films have proved a popular viewing choice for children3D films have proved a popular viewing choice for children

A string of 3D Box Office hits boosted ticket sales at Cineworld (LON:CINE) in the first half of 2013.

Britain’s biggest cinema operator said that even though there were fewer films in 3D, which are more expensive to view, they made up 30.5% of ticket sales, compared with just 18.5% last year.

"Les Miserables", "Iron Man 3", and "Star Trek: Into Darkness" all featured in 3D as demand picked up for the viewing choice.

“Film studios are becoming increasingly adept in discerning the genre and target audience of 3D films and the quality of 3D film product remains critical,” said chief executive Stephen Wiener.

Box office sales at Cineworld rose 10.5% to £131mln thanks to a 4.7% increase in the average ticket price to £5.39, which was largely due to the 3D effect.

Stripping out the acquisition of indie operator Picturehouse, which it snapped up for £47mln in December, profits were £17.9mln, in line with analyst estimates.

Cineworld’s profits rose from £13.3mln to £16.5mln in the first half, which led the company to raise the interim dividend by 7.9% to 4.1p.

Wiener said a strong current line-up at cinemas, including "Despicable Me 2", "Monsters University", and "The Wolverine", should help the company meet its full-year targets.

Shares added 2.5p to stand at 397p each.

16 Aug JP Morgan... 428.00 Overweight

Response to Competition Commission Announcement

RNS


RNS Number : 0431M

Cineworld Group plc

20 August 2013






20 August 2013



CINEWORLD GROUP plc



Response to Competition Commission Announcement





Cineworld Group plc ("Cineworld") notes the Competition Commission's Notice of Provisional Findings published today and in particular its provisional view that the acquisition of Picturehouse by Cineworld may be expected to result in a substantial lessening of competition in three local areas. Cineworld also notes the Commission's proposals to remedy any harm to competition in these areas, such as divestment of an appropriate Picturehouse or Cineworld cinema.



Cineworld confirms that the local areas in question are Aberdeen, Bury St Edmunds and Cambridge.



The Commission's findings are provisional at this stage and Cineworld now has an opportunity to respond before the Commission issues its final decision in October.



Commenting on the announcement, Stephen Wiener, Chief Executive Officer of Cineworld Group plc, said: "We are disappointed that in these three locations we have been unable to convince the Competition Commission that Cineworld and Picturehouse are two fundamentally different businesses that could operate in the same area. Nevertheless the combination of the two businesses will remain strategically compelling, as our recent results showed clearly, and we are committed to continuing the expansion and investment into both."



-Ends-



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20 Aug Numis 450.00 Add
20 Aug Investec N/A Buy

21 Aug Investec 420.00 Buy

A buy in this weeks IC - With rising admissions and higher spend per customer Cineworld is ticking all the right boxes. Now priced on 15 times Investec's forecast 2014 earnings, the underlying strength of the business warrants such a rating.

Closed at -

420.25p

5:38pm 24/08/13