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
  2.56 5.46% 49.42 6,856,408 13:32:28
Bid Price Offer Price High Price Low Price Open Price
49.32 49.53 52.42 48.24 48.96
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 3,294.90 160.08 9.88 4.7 678
Last Trade Time Trade Type Trade Size Trade Price Currency
13:32:11 AT 2,447 49.42 GBX

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Date Time Title Posts
19/11/201414:16Cineworld (CINE) - IMS-
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 46.86p.
Cineworld Group Plc has a 4 week average price of 18.29p and a 12 week average price of 18.29p.
The 1 year high share price is 322.30p while the 1 year low share price is currently 18.29p.
There are currently 1,371,090,503 shares in issue and the average daily traded volume is 14,790,418 shares. The market capitalisation of Cineworld Group Plc is £679,649,562.34.
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.
willisa1: I wish I had brought into this share price and not of listened to people on here that said the company will go bankrupt. Even at todays price I would still put a buy rating on Cineworld share price.
philobeddoe: I genuinely feel sad for Cineworld. They have lovely cinemas and I sincerely hope they don't go under. Could be a huge rise in the share price from these levels if they survive the virus.
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
morti1: To think about the next greatest movie experience being designed to a small screen projected to a small audience in some social setting at best is simply digressive not progressive. Cinemas can always improve their standards. Sure I get that, but to see a marked decline in share price to suggest that, is just ridiculous. The cinema standard will always exist. It is the ultimate experience to watch the next greatest movie.
tricky1992000: I can't help thinking of premier foods who built up so much debt they could barely function and then spent the next few years flogging off big brands. High debt smashes the share price down and reduces the ability to raise new money from issuing shares..
sammu: Their own snacks - now - haha - people have been doing this for decades. Cinema non box office revenues continue to increase with things like integrated coffee shops and a much better food offering than 10 or 20 years ago. Yes no control over the film slate - that's always been the case - good years and bad years. Does that mean it makes sense to short it in bad years and go long in good years? Maybe, some seem to think so. There is substantial trading viability in the market ahead of official trading statements like this one, so the share price has already largely priced in the current weak trading. In this case, maybe overdone it slightly. I think the most significant bear case is the popularity of streaming and how much this is/will cannibalise box office. We will see. Experiential vs convenience. Cinemas survived beta-max and DVD.
imranawan: Share price seems to be holding up at the open. Famous last words......
glenowen: Bear squeeze? The share price has shown impressive resilience this week, in spite of some of the shorters increasing their positions. At 12.1% as we speak, Cineworld is now the most heavily shorted stock on the Market.Expect some big share price action next week, when the trading update is released. Bad news and the shorters will have been proved right. Good news and they will get their fingers burnt.Hoping for the latter. I have tried to remain calm throughout the relentless downward pressure these last few months. Next Tuesday will be interesting!
philanderer: The note: 'Peel Hunt: buying opportunity at Cineworld' Peel Hunt has upgraded Cineworld (CINE), arguing the investment case is still intact despite the share price reflecting profit concerns. Analyst Ivor Jones upgraded his recommendation from ‘add’ to ‘buy’ but lowered the target price from 320p to 300p. The shares fell 1.4% to 251.6p yesterday. ‘Next week’s interims will show the impact on profits of a weaker release schedule. This may explain the recent weakness in the share price,’ said Jones. ‘With the investment case intact, strong film releases ahead, and the majority of the earnings in US dollars, we see the current share price as a buying opportunity.’
Cineworld share price data is direct from the London Stock Exchange
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