Updates

Cineworld

May 2016

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.

A strong slate of blockbusters helped Cineworld release strong results with pretax profit and eps rising 37% and 39% respectively to £102.8m and 31.4p, and beating expectations (of £94.1m and 27.9p) thanks to a lower depreciation charge. In spite of spending £88.6m on capital investment (£53m new sites, £27m refurbishments and £8m technology) net debt fell from £282m to £245m, giving net debt / EBITDA of 1.6x.Within the UK & Ireland sales rose almost 13% to £466m driven by 11% growth in both box office admissions, including an 8% rise in ticket prices, and retail, helped by blockbusters such as Jurassic World, Spectra and Star Wars: The Force Awakens. The group opened 10 new ...

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