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
  1.65 3.99% 43.01 13,468,027 16:35:24
Bid Price Offer Price High Price Low Price Open Price
42.87 42.94 45.00 40.12 40.48
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 3,294.90 160.08 9.88 4.2 590
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:24 UT 929,797 43.01 GBX

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Date Time Title Posts
28/4/202014:56Cineworld (CINE) - IMS3
27/10/200918:37CINE: 165p resistance..2
13/2/200900:04Cineworld (LSE:CINE) into administration?1
04/7/200708:51welcome to the cinema3

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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 41.36p.
Cineworld Group Plc has a 4 week average price of 39p and a 12 week average price of 31.62p.
The 1 year high share price is 235.20p while the 1 year low share price is currently 18.29p.
There are currently 1,371,969,710 shares in issue and the average daily traded volume is 28,309,118 shares. The market capitalisation of Cineworld Group Plc is £588,026,217.71.
smartie6: Anyone seen bfi weekend receipts? 11th to 13th Sept? £2.7m - significant fall off from last week 28% and 79% down on the same weekend last year. With numbers reducing and takings nominal, major film releases being deferred again, isn’t this just like being in lockdown? How much cash is Cineworld burning through at this moment? Isn’t a 46p share price looking overvalued? New film streaming surely would gain more revenue? You can’t just keep putting release dates back until things improve. Improvement may never ever come, no?
boix: Daily Telegraph Cineworld was among the FTSE 250 leaders, jumping 3.5p to 54.64p, after Peel Hunt said the cinema chain presents "an attractive buying opportunity" for investors with appetite for material risk. The broker, which rates Cineworld at "buy" with a 180p price target, reiterated its view that cinema demand should bounce back once major films are released. "This starts this week with Tenet in the UK and internationally, and next week in the US," it said.Peel Hunt noted that the Cineworld share price has fallen further than any other in its sector coverage, but said it should "bounce hard" once investors are reassured over demand.
phurley: Peel Hunt, which rates Cineworld at 'buy' with a 180p price target, reiterated its view that cinema demand should bounce back once major films are released."This starts this week with Tenet in the UK and internationally, and next week in the US," it said.Peel Hunt noted that the Cineworld share price has fallen further than any other in its sector coverage, but said it should "bounce hard" once investors are reassured over demand.The broker cut its forecasts to reflect lockdown lasting longer than it had expected, lowering its FY20E EBITDA estimate from $1.1bn to $318m."A key assumption is that revenue will be 50% of pre-Covid-19 levels from September," it said. "However, having estimated cash burn (in the absence of published guidance from the company) we believe that the business will trade at worst on a cash neutral basis from September and end the year with $240m of cash and undrawn facilities."Peel said that by the time the interims are due on 24 September, both trading and updated information from management should be positive for the share price.
williamcooper104: Private investors - like wigwammer - don't understand capital structure and think because a share price has fallen so much that it must be cheap They just don't understand balance sheets Hence why they were ramping the obviously insolvent Intu - which really was LOL For cine to work out you need both Covid to disappear quickly and for Univeral and Disney to quickly make up with the box office and not cut the theatrical window to 17 days Both of those things could happen - it's just that they are more likely (IMO) to not happen on the timeframe required for cines captiral structure
whiskeyinthejar: If people don't wear masks when it's mandatory, I can see cinemas getting shut just for that reason. I've read through comments on twitter from people attending cinemas. Some people aren't happy that there was enough social distancing in cinemas. Like you can sit directly behind another customer. So I think sentiment has changed from when Cineworld share price recovered to £1, because we now really see the rules and problems they'll have to deal with in order to operate.
prmoldoaks: Cineworld's share price was on the slide ever since this acquisition was announced, the brokers and markets didn't like it especially its funding of the deal. That out the way leaves Cineworld positioned to concentrate on its existing business and taking on much less debt. The Markets will see this as a real positive for the company as do shareholders Think we will see some ratings on the stock and news that Cineworld can open its doors in July will be the catalyst to return this share back to its recent pre-lockdown prices.
gcd1: Analysts at Canaccord Genuity slashed their target price on theatre operator Cineworld from 270.0p to 140.0p on Wednesday but said the group could very well represent a "surprise recovery play". The Canadian broker said Cineworld could "bounce back strongly" when cinemas potentially reopen towards the end June, partly thanks to Dark Knight director Christopher Nolan's highly anticipated film Tenet and Disney's delayed Mulan remake in July - not to mention an "excellent" film slate through 2021. "Cinemas can cope with strict physical distancing protocols as they typically run on 20% to 22% occupancy," highlighted the analysts, which also reiterated their 'buy' recommendation for the group's shares. Cannacord noted that in addition to securing covenant waivers, its scenario analysis suggested that Cineworld may only need to raise as little as $250m in extra liquidity in order to correct the ship. However, the analysts questioned the fact that Cineworld remained publicly committed to its acquisition of Cineplex - despite the timing of the $3.2bn deal now looking "terrible" and "very mispriced". "Cineplex's share price suggests the market does not believe that the deal will be completed; we think that the odds of completion are, at best, evens," said the analysts
philanderer: Cineworld Group, down 13%. JPMorgan cut the movie theatre operator to Neutral from Overweight (Sharecast News) - JPMorgan Cazenove downgraded shares of Cineworld to 'neutral' from 'overweight' on Monday and slashed the price target to 90p from 300p after the company shut the doors to its cinemas due to the coronavirus outbreak. "This has heaped further pressure on a share price already impacted by concerns around financial leverage and structural threats from streaming," it said. The bank said Cineworld would have sufficient liquidity to survive the total closure of its estate for the rest of the first half, provided it cancels both dividends and growth capex and adopts various mitigation strategies to reduce costs, including significant curtailment of lease payments and wages. "We think Cineworld would be likely to exceed the 5.5x covenant on its revolving credit facility after a little more than two months of closure, although it may be possible for a waiver to be arranged," it said. The bank said it cannot envisage "a realistic scenario" in which the acquisition of Cineplex can take place during the first half. "The complete lack of visibility on the duration of cinema closures and the high level of gearing mean we cannot recommend investors buy the stock at present and we downgrade to neutral," it said.
johnma: N INCineworld Group PLCCineworld says coronavirus could threaten its ability to stay in businessShares tumble as cinema chain warns theatre closures could cost it three months' revenue March 12, 2020 2:48 pm by Myles McCormick and Antonia Cundy in LondonCineworld has warned that the impact of the coronavirus could leave it unable to pay its debts and remain in business, cutting the market value of the world's second-largest cinema chain by almost a fifth.The group said on Thursday that, while it had yet to experience any material financial hit from the spread of Covid-19, in a worst-case scenario of cinema closures, it could lose up to three months of revenue, leaving it at risk of breaching its debt covenants.That in turn would "indicate the existence of a material uncertainty which may cast significant doubt about the group's ability to continue as a going concern", it said. The company's debt sits at $3.6bn and it has a revolving credit facility of $462.5m, of which $95m or 20.5 per cent has been drawn down. Its covenants are triggered if Cineworld draws down more than 35 per cent, a threshold the company said it did not expect to hit.Cineworld is also in the process of completing a deal to buy Cineplex, the Canadian cinema operator, which will be funded through an additional loan of roughly $2bn.Its shares fell 49 per cent before paring losses to sit 21 per cent lower in afternoon trading.The latest share price tumble leaves Cineworld stock down roughly 70 per cent since the start of this year, as investors worry about the impact on box office attendance of the coronavirus outbreak, which has killed more than 4,600 people and infected more than 126,000 worldwide.The closure of cinemas in Asia and the delayed release of the new James Bond movie are expected to hit revenues hard. Cineworld operates 787 cinemas across 10 territories, led by the US and the UK and Ireland. Mooky Greidinger, Cineworld chief executive and its biggest shareholder, said the company would reduce the impact of worsening coronavirus conditions through cost cuts and postponing capital spend. He said, however, that the company had not yet spoken to lenders about emergency liquidity if the situation deteriorated. "We are not worried," he told the Financial Times."About 70 per cent of our costs are variable. If we don't sell movies, we don't pay for the movies. If we don't sell Pepsi, we don't pay for the Pepsi," Mr Greidinger said. "Second, a lot of our temporary manpower, if we don't invite them to work if the cinemas are closed, we are also not paying them."He added that the group was looking into the law around stopping rent payments as it sought to control costs.RecommendedCineworld: pandemic plot twistThe comments came as Cineworld announced its results for 2019. It brought in revenues of $4.7bn, down 6 per cent from the previous year. Pre-tax profit was down 40 per cent to $212m.Worries over the impact of the virus on box-office sales - coupled with the group's high debt levels - have already driven short sellers to push bets against Cineworld to a record high."The leverage is a huge issue, it all comes down to this issue of covenants and liquidity," said Natasha Brilliant, a director at Citigroup. "They almost come across as quite blasé about it?.?.?.?They talk about the next three months but potentially the impact of coronavirus might be longer than that.""I was quite bullish a week ago but the coronavirus has just completely overtaken the debate, nobody is really focused on the medium-term outlook. The situation could escalate quite quickly," Ms Brilliant added. Copyright The Financial Times Limited . All rights reserved. Please don't copy articles from and redistribute by email or post to the web.View comments
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