Cinerworld has released a reassuring Q3 trading update with double-digit revenue growth in evidence across the 3 categories and in both regions. We keep our forecasts unchanged, which assume 14% EPS growth in FY15, but feel the risk is on the upside should the last 6 weeks exceed expectations given the significance of Star Wars VII in this period. We regard the recent share price pull back as overdone and stay at a Buy with a 650p TP on short-mid term growth and cashflow attractions.
