valeite
05 Dec 2017
peel hunt downgrades now a hold (from add ) price target £6 (from £7.25 ). we are in a risk business as private investors and CINE need to be bigger to compete with our Chinese friends so i'm holding for now but with a big big rights issue on the way we can't expect much in the way of recovery for some time .i
valeite
30 Nov 2017
berenberg bank still positive says buy and targets £8
tejo
30 Nov 2017
Regal offer, hubris and curiosity Whilst agreeing totally with the hubris element of the bid, having seen the effect of the siren voices of Hollywood lure many on to their financial rocks in the past, I remain curious as to why highly intelligent and successful entrepreneurs could be entering into such a seemingly stupid act.The Lex section of to-day's FT illustrates the unattractiveness of the industry in the USA, so, why the bid? We have to consider also why there are potential bids from the Odeon group and the amount of Asian interest in potential cinema group acquisitions?I have been a Cineworld shareholder for some time and I remember my dismay when Global City Holdings, in effect took over the then successful, but small Cineworld, and injected their East European Assets into the business. I nearly sold out then but later much relieved that I did not. The Regal bid is similar but much bigger, of course. There must be reasons of which we are unaware. The Regal business is uninspiring and with falling cinema attendances.Maybe it is just hubris after all, but I am going to hold for the time being and hope more info emerges.
valeite
29 Nov 2017
Re: regal offer i can't remember such a bad reaction to this proposed bid .just terrible .either the board sells the bid and its benefits to shareholders or this proposal will fail along with all our creditability .bad as it is today in all probability it's oversold because we have a damned good business here .the thing is the massive part of the business is owned by the the board .mooky and israel greidinger 76 m each....what are they thinking of ???
richard599
29 Nov 2017
Re: regal offer At some point they'll discover they've bought a dog. When that happens, they'll be up to the neck in debt and the share price will be down around the ankles."accretive to shareholder value" ... my derriere!
axolotl
29 Nov 2017
hubris just when CINE were streets ahead of the opposition they are overcome by hubris and take an absurd risk. Have they been inspired by Theresa May?
cosmos
29 Nov 2017
Management / owners have an excellent track record of delivering on M&A. They would not investing multi-millions of incremental family wealth if they did not feel very sure they could deliver. Negative share price reaction has been accentuated by the fact the share price was (wrongly) frothy with dreams of potential bid spec. I grant that this is not as satisfying as a quick exit. But long term I think this is a smart move in terms of economies of scale / diversification: negotiating power with the studios (you may have heard that Disney are squeezing operators on the margins they will earn from the new Star Wars), procurement, etc. Yes, US has been more impacted by Netflix, but frankly that risk is endemic to the industry. You either believe operators can overcome or not. Personally I see this as one of my core LT holdings. ROCE has consistently been in double digits. Not a Fevertree or an IQE but a lovely LT holding. Personally I am giving mgmt the benefits of the doubt and have topped on the dip. If the bid is abandoned the share price will rally. And if not it actually will make for a stronger business in the LT. all IMHO 
tejo
29 Nov 2017
regal offer This is not good news, certainly in the short term. A" material" rights issue is going to require more cash to maintain position but worse is a high execution risk, huge expenses on fees of all sorts and added currency exposure. With the US addicted to Netflix and its ilk, hard to see any growth and, as far as I know, CINE management has no US experience. Anyone see any upside???
valeite
29 Nov 2017
Re: RNS x 2 i mistakenly thought the market was ok with this.....not so according to early deals....gutted !
sage in the hills
29 Nov 2017
RNS x 2 Cineworld confirms possible offer for RegalStockMarketWire | Wed, 29th November 2017 - 08
3Cineworld has confirmed it was in advanced discussions with Regal, the second largest cinema chain in the US, and was finalising due diligence in relation to a possible all-cash offer at a price of $23.00 per share.Cineworld said it was currently intended that it would fund the potential acquisition of Regal through a mixture of incremental debt and a material equity raise by way of a rights issue, including a commitment to full subscription from Cineworld's 28% shareholder, Global City Holdings NV.It said the proposed financing of the potential transaction would allow the enlarged group to continue its current strategy of investment in the business, as well as to maintain its policy of progressive dividends. Cineworld said it would only proceed with the potential transaction in circumstances and on terms which it believed would be accretive to shareholder value.At 83am: (LON:CINE) Cineworld Group PLC share price was -60p at 634.5pSAGE
valeite
28 Nov 2017
regal entertainment according to the telegraph CINE has made a tentative offer for the American company worth $2.4b (CINE is valued @ £1.7 ) .....not sure what this means for us but the city seems ok with it .
valeite
28 Nov 2017
numis upgrades CINE......from hold to buy.....target £8.25
smilingmickey1
28 Nov 2017
Re: VUE eyes Odean Well a whiff of takover in the market and similar shares may react upwards. A reduction in the number of players in the market reduces competition long term and also perhaps puts other sector shares in play also.
valeite
26 Nov 2017
VUE eyes Odean according to Sharecast, Vue is considering a £3b merger with Odean....tough competition for CINE if that was to occur.also,Peel Hunt whilst still saying buy have reduced their target price from £7.75 to £7.25
Thedarkkn1ght
19 Sep 2017
STAR WARS/BLADE RUNNER LAST JEDI TO SMASH ALL RECORDS>$2 BILLION
