An excellent set of interims from Cineworld this morning, encapsulated by a 4% EBITDA beat vs our forecast. Overall, the Group has delivered an impressive 21% uplift in EPS on 18% (12% cc) revenue growth and rewarded investors with a 15.4% DPS hike. The general tenor of the results is positive and whilst there is nothing fundamentally new this morning, we are encouraged by reference to strong July trading. Comps admittedly are stiff for the rest of Q3, but the H1 beat and expectation of a strong ....

10 Aug 2017
N+1 Singer - Cineworld Group - Blockbuster interims – upgrading back to Buy

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N+1 Singer - Cineworld Group - Blockbuster interims – upgrading back to Buy
- Published:
10 Aug 2017 -
Author:
Sahill Shan -
Pages:
4 -
An excellent set of interims from Cineworld this morning, encapsulated by a 4% EBITDA beat vs our forecast. Overall, the Group has delivered an impressive 21% uplift in EPS on 18% (12% cc) revenue growth and rewarded investors with a 15.4% DPS hike. The general tenor of the results is positive and whilst there is nothing fundamentally new this morning, we are encouraged by reference to strong July trading. Comps admittedly are stiff for the rest of Q3, but the H1 beat and expectation of a strong ....