Cineworld Share Discussion Threads

[matt123d] 30/10/2015 15:43

Five times average daily volume so someone wants out

[katie priceless] 30/10/2015 15:27

What about their clients who bought when they gave a target of 623p just a week ago ?

[bigbigdave] 30/10/2015 15:03

Trying to get their clients in cheaper imo.

[cephalosaurus] 30/10/2015 14:47

Panic only. The guile of brokers seems to know n bounds

[katie priceless] 30/10/2015 14:34

When you read the broker report there are no numbers to back it up , it's just guesswork

[katie priceless] 30/10/2015 13:58

IG index ST chart has a target of 528 posted at 9.28am , i didn't see it until now.

[harebridge] 30/10/2015 13:41

From a technical perspective, the Sell note was terrible timing. This has had some serious resistance around the 600p level. Doesn't look like that level will be broken now.

[matt123d] 30/10/2015 13:17

Red on the month, week and day. Actionable sell signal below 557p, weekly triangle at 514p.

[ianood] 30/10/2015 13:00

Comparing CINE with Odeon is balls! Odeon is/was part of that nice Mr Hand's stable, is largely domestic, is not very profitable whereas CINE is targetting growth in emerging Europe. Analysts - doh!

[market sniper1] 30/10/2015 12:23

Spot on siwel3 especially after 7 days.

Ignore them I say.

[siwel3] 30/10/2015 12:19

I wonder what throw away remark on the analyst juncket prompted the downgrade.

[flyposter] 30/10/2015 12:10

Overall admissions up 7.2% from last year, and up 8.5% from last sept. Sloppy trading, or a tree Shake IMO.

[cockneyrebel] 30/10/2015 12:09

Worth looking at the trades today imo - there's plenty of sizeable takers from those selling imo.

CR

[soundbuy] 30/10/2015 12:09

Should be read in the context above but....


'Potential year-end upgrades should not be mistaken for an excellent performance: a rising tide lifts all ships.'

[market sniper1] 30/10/2015 12:07

Yep youve caught them SoundBuy, well done.

Ignore the rubbish in that broker note.

[soundbuy] 30/10/2015 12:05

Cannacord last Friday

Canaccord Genuity reissued their buy rating on shares of GLOBO Plc (LON:GBO) in a research note published on Friday morning, Marketbeat.com reports. They currently have a GBX 90 ($1.38) target price on the stock.

So.......

[market sniper1] 30/10/2015 12:03

What a load of rubbish and all based on one analysts personal thoughts.

Avoid this broker like the plague.

[matt123d] 30/10/2015 12:00

Holding at the monthly opening, 557p is the level.

[market sniper1] 30/10/2015 11:58

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.

[market sniper1] 30/10/2015 11:56

Ill get the note from cannacord..........

[el chupacabra] 30/10/2015 11:32

here 550ish or 536 would be worth a punt imo. my stop is at 528 if there are any MM listening

[siwel3] 30/10/2015 11:30

Tempted to buy back but it does look like a classic double top. Will wait and see.

[cockneyrebel] 30/10/2015 11:27

Intraday chart bottoming out here imo