|Bid||2.5450 x 130000|
|Ask||2.6710 x 130000|
|Day's Range||2.5740 - 2.6080|
|52 Week Range||2.2620 - 3.6540|
|Beta (3Y Monthly)||0.66|
|PE Ratio (TTM)||12.93|
|Forward Dividend & Yield||0.16 (5.87%)|
|1y Target Est||N/A|
Cineworld Group, a U.K. cinema operator, has a strong lineup of potential must-see movies for the rest of year. It’s also revamping its U.S. movie theater chain Regal Entertainment Group and has launched Regal Unlimited, a monthly subscription service in the U.S.
The rollout of Regal Unlimited, a year after AMC Stubs A-List, seems to make Helios and Matheson's currently suspended MoviePass app obsolete.
Cineworld will sell 17 cinemas for a cash consideration of $286.3 million (222 million pounds) and lease them back under 15-year leases. The company, which had bought U.S. cinema chain Regal Entertainment for $3.6 billion, said it was also in talks with a separate party for a sale and leaseback deal involving 18 multi-screen cinemas based in the United States. The terms of the deal will be similar to Cineworld's deal with U.S.-based REIT Realty Income.
British cinema operator Cineworld Group Plc said on Wednesday it has signed a deal for the sale and lease back of 17 multi-screen cinemas in the United States. Cineworld will sell the cinemas to units ...
Cineworld benefited from a slew of big-ticket releases in 2018 including action movies "Black Panther" and "Avengers: Infinity War" and films like "Mamma Mia! Here We Go Again", "Incredibles 2" and "Bohemian Rhapsody" in the UK. While "Captain Marvel" had a strong opening last weekend, the other releases expected to do well include "Avengers: Endgame", "Toy Story 4", "Frozen 2", "Godzilla: King of the Monsters" and "Star Wars: Episode IX". Cineworld's proforma adjusted EBITDA for the year ended Dec. 31 rose 9.4 percent to $1.07 billion, beating the analyst consensus estimate of $1.04 billion.
Action movies such as "Black Panther" and "Avengers: Infinity War" boosted revenues through to Nov. 11, and European markets saw an uplift in the second half, driven by films including "Mamma Mia! Here We Go Again", "Incredibles 2" and "Bohemian Rhapsody" in the UK. Despite the 11.6 percent sales rise however, London-listed Cineworld said it would deliver a performance in line with its current expectations for the year.