Cineworld Group (CINE) has announced a proposed £503 million acquisition of the cinema operations of Cinema City International N.V. and an accompanying 8 for 25 Rights Issue at 230p per share to raise approximately £110 million. On our Nifty Fifty website we are well up on this share tip but is there more to come?
Despite Olympics-impacted comparatives, unusually warm summer and early autumn weather and a less than favourable film release slate resulted in a modest decline in national cinema attendance during the third quarter of this year. However, market share gains saw Cineworld Group (CINE) report positive growth for the period nonetheless. That is NOT in the price.
Following my update last week on Cineworld Group (CINE), the largest cinema operator in the UK, the shares have continued to advance (to a current 421p) and the company has today announced an expansion of its partnership with IMAX Corporation…
The Competition Commission yesterday announced that Cineworld Group (CINE) could have to sell three cinemas after provisionally concluding that its acquisition of the Picturehouse chain may lead to a substantial lessening of competition in Aberdeen, Bury St Edmunds and Cambridge. The following updates, together with broker reaction to the news…
I wrote positively on shares in the largest cinema operator in the UK & Ireland, Cineworld Group (CINE) last month HERE at 355.5p. They have since risen further towards 400p and interim results released yesterday have drawn various broker reaction. The following updates…
Shares in fully-listed UK and Ireland cinema operator Cineworld (CINE) were added to the Income portfolio on the premium Nifty Fifty website I write with Tom W at a 325p ‘offer’ price in May. Following a positive half-year trading update from the company on Wednesday, the shares now trade at 355.5p…
