Updates

Cineworld - Results trigger broker upgrades

May 2019

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 hit new highs after results beat expectations. Revenues and EBITDA rose 259% to US$4.1bn and US$925m, respectively, thanks to the US acquisition of Regal, with EBITDA 4% ahead of estimates. This year’s film slate is set to be a record albeit second half weighted, but the big news was management have increased their targeted synergies from Regal from US$100m to US$150m.By division the all important US (c. 76% revenues) increased sales by 8.6% while the UK fell 0.6% and RoW was unchanged.Management is targeting over 25 refurbs of Regal cinemas as well as seven new sites (c. US$200m capex post landlord contributions).The broker says while January and February have suffered from comparison with blockbuster ...

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

Cineworld (April 2020)

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

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

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

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

Cineworld (May 2016)

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

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