Updates

Cineworld

April 2020

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

The shares fell sharply reflecting the fact that few people are going to want to go to a cinema while Covid-19 is present. Cineworld’s results did little to assuage fears with revenues down 6% to US$4,370m. US Box office revenues were down 12.7% while UK box office revenues were down 6.3%. Both these falls are blamed by management on tough comparatives the year before when there was a stronger slate of films. Retail revenue fell 6.4% to US$954m while other income rose 5.6% to US$396m. Adjusted EBITDA was US$1,033m, up 0.8%, helped by integration benefits from Regal exceeding initial expectations with run rate synergies increasing from US$100m to US$190m. Eps rose from 21.3 cents to 28 cents.However, the elephant in the room i ...

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Cineworld - Exciting film slate and pent up demand could drive re-rating (September 2021)

Cineworld (February 2020)

Cineworld (September 2019)

Cineworld - Sale and leaseback yields special dividend (July 2019)

Cineworld - Results trigger broker upgrades (May 2019)

Cineworld - Cinema chain transformed by US acquisition (April 2019)

Cineworld (July 2018)

Cineworld - Transformational US acquisition (March 2018)

Cineworld - Cinema operator boosted by Hollywood blockbuster (October 2017)

Cineworld (July 2017)

Cineworld - Acquires five cinemas for Â£94m (October 2016)

Cineworld (May 2016)

Cineworld (March 2016)

Cineworld (October 2015)

Cineworld - Cinema chain to benefit from strong film release schedule (September 2015)

Cineworld - Second largest cinema chain expanding rapidly (July 2015)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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