Cineworld Share Discussion Threads

[smokybenchod] 19/7/2019 16:25

The only news I found was reports of record cinema audiences this year. share price movement is very strange.


hxxps://www.warc.com/newsandopinion/news/uk_cinemas_see_record_audiences_and_adspend/42372

[nav_mike] 17/7/2019 15:08

Awful price action today with constant algo selling - is there another adverse broker note out?

[bookbroker] 14/7/2019 12:48

Should get a boost from Lion King opening next weekend, good number of big movies to hit screens in second half, and the big sequels to come eventually, Avatar!!

[pander45] 13/7/2019 17:24

If unlimited cards were 9.99 a month profits would soar imho. Massive seat filler and more volume margins on the food. If there was a discount family unlimited card option it would fly off the shelf. Can't help but think they are missing a trick in the uk with this....it needs a discount package approach and retention incentives.

[srichardson8] 09/7/2019 10:58

It seems to me that the current management are doing an excellent job although their investor relations are pathetic. The underlying problem is that going to the movies is seeing more and more competition from alternative visual entertainment. We all know that. So one doesn't expect very high market ratings. The odd thing is just how low those (forward) ratings appear to have gone. The share went ex a total dividend package of 26.9p equivalent in two stages - 10.9p on June 14 and the large special dividend of 16p on June 21st. But most of the share retreat was up to these dates, not after. This suggests that there were some perhaps clever arbitrages to capture the income using derivatives and I am bound to notice Morgan Stanley, a past master at arbitrage trading, announcing its release of voting rights which will probably indicate an exit from an option strategy. The RBC comments seem to me a complete red herring. The fact is that the company has already taken on a load of debt when it bought Regal, the usual ploy of private equity pirates. One of the strategies for relieving the debt burden is the sale and leaseback of freehold US cinemas, the other is cashflow from the cinema estate. Success or otherwise in the latter category is what, in my view, will determine if this share price is heavily oversold at this level - which I believe to be the case.

[rathean] 09/7/2019 10:36

Stop in today please Mike ;)

[nav_mike] 08/7/2019 15:36

Blimey go out for an hour and come back to 2/3 of the gain having evaoprated :(

I guess the yanks arent buying the story?

[skinny] 08/7/2019 13:43

RBC Capital Markets Top pick 263.10 400.00 Unchanged

[philanderer] 08/7/2019 13:41

It's in today's London Evening Standard......


"...On the FTSE 250, Cineworld was the top riser after analysts at Royal Bank of Canada said the cinema chain could be next to be taken private following Merlin’s Entertainment’s recent takeover.

The analysts believe the firm needs a private equity owner as the business requires a longer investment approach due to unpredictable film release schedules. Shares were up 3% or 8.1p at 262p.

[rathean] 08/7/2019 08:52

There's a nice gap to close, should see the share price level off circa 280 in the short term imo dyor ofc. That was a nice div to receive, got to respect the bod for their growth strategy and treatment of shareholders all imo dyor ofc.

[cwa1] 08/7/2019 08:48

So far, so good. Tho' given how often these "rumours" come to nothing I'd probably be a seller if I were a "loose" holder!

[rhatton] 08/7/2019 08:27

No worries mate, least its got it moving in the right direction :)

[cwa1] 08/7/2019 08:23

Apologies, it comes from a private source that I can't link in to. However I believe it to be reputable speculation FWIW ;-)

[rhatton] 08/7/2019 08:20

Do you have a link?

[cwa1] 08/7/2019 08:05

FWIW...

CINEWORLD-Could be the next Private equity target (RBC)..

[rathean] 05/7/2019 08:34

We're in the money / audition for Sainsbury CEO role :)

[nav_mike] 26/6/2019 18:41

1.5m share off book trade gone through after hours @250.4

Maybe a worked sell that has been the reason for recent weakness?

[eaglebeagle] 25/6/2019 17:16

Cinemas versus Netflix et al is like watching football in the stadium or on the TV. I believe cinema is and will be an event for many many years to come

[rhatton] 25/6/2019 17:16

I wonder if some of the article I posted online is having an effect.
Although toy story 4 broke records in the UK, it actually came in under estimates in the US

[nav_mike] 25/6/2019 16:59

Seems to be regular intra day pattern.....sold down most of day, then partial recovery late on.

[rathean] 25/6/2019 13:58

I've added a few but showing as a sell, hugely overdone and happy to add at value prices all imo dyor ofc.

[bookbroker] 25/6/2019 12:04

BAML may be correct to a point, it is about the quality of the production from the studios, and whether Netflix can continue to wrack up these losses. Movie studios do not have the structure of Netflix, only Disney could challenge them, but film-going is an experience, and that is what people want these days. Next year we will see Avatar 2 and 3 released, so that should give film theatres a boost, you just do not get the same effect from 3 and 4 D and IMAX without going to the movie theatre!

[nav_mike] 25/6/2019 11:34

Also surprised at the relentless selling here - I honestly dont believe the recent special dividend would have been paid out if the underlying business was unfavourable

Chart is somewhat distorted by two recent XD adjustments, but even so, the trend has definitely turned lower. I just dont agree with what BAML had to say and I dont believe CINE warrants the selling

[bookbroker] 24/6/2019 18:20

Otherwise it’ll be ‘EmmerdaleR17; the movie!!!!