Share Name Share Symbol Market Type Share ISIN Share Description
Cineworld Group Plc LSE:CINE London Ordinary Share GB00B15FWH70 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.12 -0.18% 66.50 7,992,607 16:29:56
Bid Price Offer Price High Price Low Price Open Price
66.36 66.50 67.28 64.86 67.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 623.39 -2,200.04 -140.65 912
Last Trade Time Trade Type Trade Size Trade Price Currency
17:24:33 O 1,277,271 66.50 GBX

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Cineworld (CINE) Discussions and Chat

Cineworld Forums and Chat

Date Time Title Posts
04/7/202113:43MILLSTONE INVESTOR 7
04/2/202121:03 share price in August -
10/11/202007:11CINE - Covid vaccine play14

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Cineworld (CINE) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2021-09-22 17:29:4366.501,277,271849,385.22O
2021-09-22 16:34:1166.301,7301,146.97O
2021-09-22 16:17:5565.3931,66120,703.13O
2021-09-22 15:39:3967.0550,00033,525.00O
2021-09-22 15:36:2166.5031,01120,622.32AT
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Cineworld (CINE) Top Chat Posts

Cineworld Daily Update: Cineworld Group Plc is listed in the Travel & Leisure sector of the London Stock Exchange with ticker CINE. The last closing price for Cineworld was 66.62p.
Cineworld Group Plc has a 4 week average price of 60.30p and a 12 week average price of 56p.
The 1 year high share price is 124.80p while the 1 year low share price is currently 15.64p.
There are currently 1,372,169,710 shares in issue and the average daily traded volume is 9,295,041 shares. The market capitalisation of Cineworld Group Plc is £912,492,857.15.
lthtrust: What do you mean "it's worth noting that a large part of CINE debt is lease liabilities which should be manageable as revenue increases over time" ? Lease liabilities and bank loans are both debt. As of June 2021 cineworld had $8,887.6 Million of financing activity liabilities. They also had $452.5 million cash in bank. They have since borrowed another $200 Millon. In the first 6 months of 2021 cineworld had finance expenses of $417.2 million, after finance income of $74.1 million, the net finance expenses were $343.1 Million. In the 2021 interim report it says "The finance expense of $417.2m (2020: $308.4m) predominantly relates to the charge in respect of the unwind of discount on lease liabilities which totaled $219.0m (2020: $164.2m) and the interest on bank loans and overdrafts which totaled $126.6m (2020: $72.9m)." It also states in the 2021 interims "The Group’s forecasts and projections, taking account of reasonably possible changes in trading performance, show that the Group should be able to operate within the level of its current facilities for at least 12 months from the approval date of these interim consolidated financial statements. The Group’s weighted base case forecasts that no covenants will be breached during this period. However, the covenants are forecast to be breached at 30 June 2022 under the Group’s severe but plausible downside forecast. Details of the Directors’ assessment of Going Concern are set out in Note 1 to the Interim Financial Statements." The question is are cineworld currently on track for the weighted base case scenario or the severe but plausible scenario ?
john09: This is gonna go on a run now This is the tip i alluded to at the weekend just gone. Probably safe enough to share now Highly recommended The Momentum Investor — Cineworld - Exciting film slate and pent up demand could drive re-rating 65p Epic code: CINE (Momentum Investor) It’s well-known that entrepreneurs have a higher appetite for risk than most but perhaps none more so than the Greidinger family who effectively gambled their then 28% interest in leading UK and Central European cinema operator Cineworld through the reverse-takeover of Regal, the second largest player in the USA. Although that US$5.8 billion transaction in February 2018 immediately transformed Cineworld’s scale, with turnover and EBITDA profit increasing 255% and 278%, respectively, to US$4.4bn and US$1bn between FY’17-‘19, it also massively increased net debt from US$384m in ‘17 to US$3.5 billion in ’19. Covid has meant the timing, of course, was horrendous as was Cineworld’s incredible doubling down through a proposed US$2.1 billion acquisition of Canadian operator, Cineplex, in December 2019, which would have delivered market leadership across the US and Canada with almost 9,000 screens. It looked to all and sundry that Cineworld would go bust early in the pandemic but somehow the company walked away from Cineplex, citing breaches of deal conditions, although the latter have lodged a legal claim for damages. Despite posting an adjusted loss of US$2.65 billion with net debt increasing from US$3.5 billion to US$4.6 billion in FY’20, management are on course to win an Olympic medal as a Great Corporate Survivor. Although the Greidingers (through Global City Theatres) were forced to sell 108 million shares to restructure a margin loan agreement, they have retained 20%. More amazing still, the only share dilution has been warrants (strike price: 41.5p), which came attached to new debt and if exercised would dilute shareholders by 9.99%. In all, management have amassed liquidity of US$600m, enough to cover 10 months of zero trading. However, the good news is that trading has resumed in the USA (73% FY’19 sales) on 2 April, in the UK (15% sales) on 17 May and in Rest of World (12% sales), which includes Israel, Poland, Czech Republic and Romania, in late May / early June. Cineworld can point to a strong film slate including the latest Bond while broker, Jefferies, believes interims on 12 August will confirm a strong rebound with encouraging admissions data from the US. It says the shares “are attractively valued at c. 30% free cash flow yield” while they trade well below 2019 highs of 322p. Jefferies’ price target is 150p.
hades1: Sunday Telegraph today - For once they have simply reported the facts but it’s a reminder that the problem is not just going away and that this issue is likely to impact the share price until a least mid October? Cineworld is braced for a $1.1bn (£800m) legal battle over its abandoned takeover of Canadian rival Cineplex. Proceedings against the world’s second-biggest cinema chain are set to start on September 13 in an Ontario court. Cineworld announced plans to buy Cineplex in December 2019 for $2.1bn in a move that Mooky Greidinger, the UK firm’s boss and major shareholder, hoped would make the operator the largest group in North America by number of screens. The deal fell apart the following summer, with Cineworld claiming Cineplex debt levels exceeded levels required under the terms of the deal. Cineworld then counter-sued for damages relating to financing costs and advisory fees But Ellis Jacob, chief executive of Cineplex, said last week: “We have spent a significant amount of time and feel confident of our position... We are nearing the completion of the discovery process and remain on target to begin a three to four-week trial on September 13.” Cineworld declined to comment this weekend ahead of the legal action. Alongside its half-year results last week, it said: “The directors are of the view that no material liability will arise in respect of this claim.” The prospect of a large legal payout will heap fresh pressure on the already indebted finances of Cineworld, which last week disclosed it was weighing plans to float part of its US business to raise capital.
firm foundations: The short positions increased yesterday by 0.14%. It didn't stop the share price rising 16% and neither did it stop the share price hitting 71p this morning. You do realise it is all loaned out stock that is accruing interest payments at the moment and has to be returned at some point. Just by comparison have you actually sat and worked out how many shares are held by Institutions and none of them seem to be reducing their positions. Must be time for that bedtime story.
speedsgh: @srp - as requested... Peel Hunt: Cineworld shares not quite a ‘buy’ yet - HTTPS://citywire.co.uk/funds-insider/news/expert-view-cineworld-entain-saga-british-land-and-hotel-chocolat/a1530271?#i=5 Cineworld (CINE) shares have fallen but not enough for Peel Hunt to rate the stock as a ‘buy’ yet, with the broker waiting for the business to stabilise. Analyst Ivor Jones reiterated his ‘hold’ recommendation and lowered the target price from 85p to 75p on the stock, which closed down 7.1%, or 5.2p, at 68.3p on Tuesday. ‘Cineworld’s share price has drifted off since the highs of March when it reached 120p, more sharply recently,’ he said. Currently demand for the cinema is ‘robust’ and attendance for major releases is at close to pre-Covid-19 levels. However, Jones said Cineworld’s share price is ‘simply too vulnerable to its capital structure to take any chances’, given its large debt pile. ‘When we are sure the business has stabilised we may return to a more positive recommendation but, for now, we reiterate our “hold” recommendation and lower our target price,’ he added.
williamcooper104: Always was a very tight liquidity runway (absent any meme stock fun) for CINE - delta variant really doesn't help FWIW (which isn't much :) I went to the cinema twice last weekend - what else to do now we've got traditional British summer weather back - and while I enjoyed both movies and got back into the trailers/thinking about to see next - the cinema was still deserted Opening weekend of Black Widow (admittedly during the day) and only 6 people (3 of which being me and my two sons) in the cinema - my local cinema pre covid would have been packed out on opening weekend of a Disney tent pole
lthtrust: I mentioned Cineworld's own base case scenario. Nothing to do with me. Cineworld's severe but plausible scenario's are also worth a read. Analysts often get it wrong, the share price is unpredictable and often decoupled from the fundamentals of a company, take a look at some of the meme stocks. Do not forget that cineworld had what moody's called a limited default ("designation PDR") in December 2020, Cineworld then lost around $60 Million of borrowed money a month for the first 4 months or so of 2021.
jubberjim: Just a little something that caught my eye this morning Might have no bearing on cine but over in the states a fairly decent sized investor in AMC entertainment is purported to have sold down their holding in AMC Don t know if this will have any effect on cine share price but it might ? I will be accused of trolling de-ramping whatever I am not really bothered I still believe that this share price has been hyped up by various posters to suck in the unwary I am off the belief that if a takeover offer comes in it will be someway below the current levels I was invested in talk talk and got totally blindsided by the takeover price there Once bitten twice shy I am willing to be wrong but will not change my view Now let's see how my old favourite amigo gets on this week or will this be another long drawn out loss Best of luck everybody
masurenguy: Cineworld (CINE), which reported a record $2.3bn (£1.7bn) loss last month, is the most heavily shorted company on the London Stock Exchange, with just over 7% of its shares out on loan to short-sellers. The cinema group had to ask shareholders to suspend its borrowing limits on Monday to enable it to raise debt for the third time since the coronavirus pandemic began. Its revenue fell by over 80% over the last year as it was forced to close down its screens. The company’s share price collapsed by 84% on the lockdown announcement as the loss of income left it unable to service its massive debt pile. The shares rallied fourfold on the November vaccine news, but have halved since posting bigger than expected losses in March. Investors who bought in at the start of 2020 are still two-thirds down on the shares and six hedge funds are betting that the price will fall further, research by exchange-traded fund provider Granite Shares shows.
williamcooper104: Who knew Cineworld did public service broadcasting? Its cinemas are closed but bosses insist on churning out the cliffhangers. The hip thing to do would have been to bypass the silver screen altogether and just go for a Netflix series.The latest instalment is truly x-rated: a blockbuster $3bn (£2.2bn) pre-tax loss for 2020 and yet another fundraising – the third of the pandemic – which puts the balance sheet under so much strain that shareholders have to grant permission to suspend the company's borrowing limits.Net debt will jump to a mind-boggling $8.3bn, and there's a going concern warning in the accounts too, leaving investors choking on their popcorn as the shares crashed 10pc to just 93p.The pandemic has been brutal for cinemas. With Cineworld's 767 sites closed for much of the last year, admissions crashed 80pc, eviscerating cashflow.Boss Mooky Greidinger says he's "confident about the next chapter" but that feels like la-la land. His assertion that there is "clear evidence" of strong demand simply because the performance of the theatre industry in China and Japan has been "encouraging" is tenuous at best.In case Greidinger hasn't noticed, there is one crucial difference between watching a play and a film – the latter can be watched from the comfort of your home, on a 60-inch plasma TV, courtesy of Netflix. Order friends to slurp loudly on their Fantas and occasionally kick the back of your chair and you've basically recreated the experience for a fraction of the price, without having to share a room (and the toilets) with strangers in the wake of a global health crisis.Cineworld can put in place all the so-called Covid measures it likes – staggered film start times, social distancing measures, and face coverings. Vaccines obviously offer some solace too but there is a risk that film-lovers simply don't want to sit in a poorly ventilated auditorium with hundreds of other people that they don't know, and are perfectly comfortable getting their movie-fix at home instead.Greidinger points out that global box office takings hit "an all-time record of $42.5bn" in 2019 but that was a totally different world, and one that probably isn't coming back. The pandemic has crushed many ingrained habits – cinema-going may be one of them but so too the weekend trip to the shopping mall where so many of its cinemas are stranded.
Cineworld share price data is direct from the London Stock Exchange
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