valeite
12 Aug 2016
new price target jpm cazenove says buy and targets £6.90
Sambram
11 Aug 2016
reassuring interims.. "Today's interims make reassuring reading and reinforce the steady / defensive growth attributes of the group. No change to our forecasts envisaged, but some brokers will use the interims as an opportunity to update their forecasts to reflect the Empire deal from last month - we are ahead of the curve re this, having upgraded our FY16 EPS by 1% and FY17 by 6% on 28th July. Re interims, the key point is that management has navigated a tricky H1, given strong comps (Jurassic) and Euro 16 being a negative to deliver 8% revenue growth (7% cc), 5% EPS growth and a 4% DPS uplift. UK admissions outperformed the market by 1%, with total sales up 3%. However, the main star was ROW which had a strong H1 with sales up 13%. H2 film slate looks stronger vs H1. Only slight disappointment is that 2 new openings for ROW have moved into next year, but prudence is already in our numbers given the inevitable slippages. In total 10 new openings this year and tenor around NPD and refurbs is positive. Management remain confident of meeting full year expectations and do not see Brexit as a drag given the low ticket and habitual nature of the cinema industry - this should be taken well by the market."N1 Singer, from ResearchTree
tejo
29 Apr 2016
sp hurt by poor Restaurant Group update I think that the fall in the sp to-day is due to a read across from the poor update and forecast for the Restaurant Group this morning. Because the restaurant group has many of its outlets close by cinemas, it may have been assumed that the overall footfall is down. This is not likely to be the case since the restaurant group problems are mainly down to customers choosing other types of places and other types of food when they want to eat out and seemingly poor management. Cineworld on the other hand seems to be doing well on its own.
tejo
10 Mar 2016
Strong results Unless I am missing something, these are very strong results and am somewhat curious as to why the market has not responded more positively. The weaker starling may have helped and with a good line up for 2016, the sp should more than recover the recent falls.
oldjoe1
24 Nov 2015
CINE, Strong Results............ <b>BRIEF – Cineworld says pro forma revenues for 46 wks to Nov. 19 up 11.9 pct24-11-2015 07:40Nov 24 (Reuters) – Cineworld Group Plc :</b>For 46 week period ended Nov. 19, 2015 pro forma box-office revenues increased by 10.8 pctTotal pro forma revenues for the 46 weeks to Nov. 19, 2015 up 11.9 pctSolid H1 performance has continued and for 46 week period ended Nov. 19<b>Q4 has started strongly with release of "Spectre" on Oct.26 in UK and on Nov. 5 in CEE and Israel</b>Source text for Eikon: ... Further company coverage: CINE.L(Bengaluru Newsroom +91 80 6749 1136
valeite
30 Oct 2015
Re: CINE, BUY on todays Pull Back....... so the Greidingers don't know the cinema business after all ! they could make more money by squeezing the public a bit more! well ,i'll hold for now......i should think sellers will be well matched by buyers in the £5 30's....£5.4's.....£5.50's
oldjoe1
30 Oct 2015
Re: CINE, BUY on todays Pull Back....... Cannacorde note....We are reducing our Cineworld recommendation to SELL from Buy with a new, lowered share price target of 535p (from 620p), implying c10% downside. It’s time to take profits. Cineworld’s share price is up 75% over the last 12 months driven in large part by this year’s fantastic film slate that climaxes this quarter with three blockbusters: Bond Spectre, Hunger Games: Mockingjay Part 2 and Star Wars: the Force Awakens yet Cineworld traditionally under-indexes versus Odeon and Vue on blockbusters and our research suggests this quarter will be no exception. This quarter is as good as it gets for the cinema industry. Next year's film slate is less strong and it could be a 'crowded trade' when the market wakes up to a duller outlook not helped by the distractions of the Olympics and the UEFA European Football Championships next summer.Our analysis round the three autumn blockbusters shows that Odeon is more aggressive on the allocation of screens and Vue is more aggressive on price. Cineworld does not believe in revenue yield optimization. Until it does, we believe it will continue to underperform during industry peaks. We are coming to the view that Cineworld is better at building cinemas in unsophisticated East Europe where competition is weak than optimizing performance from its sophisticated UK portfolio where competition is intense.We estimate Cineworld could be missing out on as much as £2.2m of additional EBITDA per blockbuster in the UK. Assuming a blockbuster/quarter that puts Cineworld’s missed UK opportunity at £8.8m. For 4Q15, with three potential blockbusters, the scale of the missed opportunity may be as much as £6.6m. To put this in context, the UK accounts for c65% of Cineworld EBIT and we are forecasting an H2 EBIT contribution of £44.7m for the UK and £65.4m for group EBIT. It’s a very material lost opportunity for Cineworld. Potential year-end upgrades should not be mistaken for an excellent performance: a rising tide lifts all ships.Our new 535p target price valuation is equivalent to 18.8x PER, 10.0x EV/EBITDA, an 8.0% FCF yield and 3.0% dividend yield for FY15E. The current share price of 594p values the stock on a P/E of 20.9x for FY15E, 18.9x FY16E, an EV/EBITDA of 10.9x falling to 10.0x, a FCF yield of 7.2% rising to 7.9% and dividend yield of 2.7% rising to 2.9% over the same period. It now looks an expensive stock following its re-rating over the last 12 months.
oldjoe1
30 Oct 2015
CINE, BUY on todays Pull Back....... CINE Cineworldsell off from broker Canaccorde note is a great opportunity to add or for new investors Buy. Ive added.Wouldnt mind but this very same broker put out a buy note just a few days ago.!!!!!!!![link]
MRBIG
30 Oct 2015
cannacord turn seller stock gets hit
oldjoe1
26 Oct 2015
CINE, Detailed Broker Update........ <b>It is Daniel Craig\'s last film as James Bond<i>Canaccord has latched onto Bond-mania with the release of Sceptre, the latest film in the long-running franchise, on Monday to repeat its ‘buy’ rating on cinema chain Cineworld (LON;CINE).But it is the less racy expansion opportunity for the chain in eastern Europe that has got the broker’s juices running.An analysts’ trip to Romania confirmed the commanding position in a growing market held by Cineworld in a country where there is little competition said the broker.Subsidiary Cinema City operates 21 of 34 multiplexes in Romania with plans to take it to 40 multiplexes in the next five years.Cineworld also makes more money per pound of investment in Romania that anywhere else.The 40 multiplex target is realistic, believes Canaccord, as Romania has a population of 20mln and there are 23 cities with a population of over 100,000.James Bond and Star Wars excitement meanwhile has led to problems coping with the demand.Canaccord said Cineworld had confirmed its website had crashed along with its rivals due to the surge of interest, with as many ticket requests for Star Wars in a day as normally come in over three months.Buy with a 620p target price says the broker.</b></i>
valeite
23 Oct 2015
Re: CINE, DEAL....... just about to open a 2000 plus 9 screen cinema in my backyard (Hanley) and well needed too . will save me going to Didsbury.....
oldjoe1
23 Oct 2015
CINE, DEAL....... <b>British Land signs deal with CineworldFri, 23 October 2015</b>(ShareCast News) - Speke Unit Trust, the specialist retail park fund advised by British Land and managed by Schroders, has exchanged contracts with Cineworld for an 11-screen cinema at Mersey Shopping Park in Speke, Liverpool.British Land said the letting to Cineworld follows the receipt of planning permission from Liverpool City Council in July 2015 for a new leisure extension and wider upgrade works at the park. The works are scheduled to commence in early 2016.Kevin Frost, property director at Cineworld, said: "We have partnered with British Land across a number of their assets and we are delighted to be opening a brand new cinema at Speke with our state-of-the-art Superscreen projection and sound technology."New Mersey is a fantastic shopping and leisure destination and we are excited to be part of the new leisure extension which will undoubtedly enhance the appeal of the park."
oldjoe1
23 Oct 2015
CINE, New Broker Update...... Just out now.....23 Oct 2015 Cineworld Group PLC CINE Investec Buy 578.25 595.00 660.00 660.00 RetainsSP Target 660p.
valeite
20 Oct 2015
Re: CINEWORLD, On Verge Of A Breakout. good start on a breakout today !
oldjoe1
20 Oct 2015
CINEWORLD, On Verge Of A Breakout. CINE CineworldCINE Cineworld on the verge of breaking out. Blockbuster films to be released before Christmas should ensure growth[link]
