As anticipated a solid YE trading statement from Cineworld this morning with a 2.6% revenue beat vs. our expectation influencing us to upgrade our FY16 EPS by c.3%. This implies around 10% EPS growth. With a tricky 2016 successfully negotiated the focus now shifts to 2017 and there are plenty of reasons to be positive, as articulated in our recent Best Ideas note. To this end the tenor in terms of FY17 prospects is upbeat. This supports our Conviction Buy investment thesis on the stock, reflecti ....
11 Jan 2017
N+1 Singer - Cineworld Group - Solid YE update and positive tenor supportive of our Conviction Buy
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N+1 Singer - Cineworld Group - Solid YE update and positive tenor supportive of our Conviction Buy
As anticipated a solid YE trading statement from Cineworld this morning with a 2.6% revenue beat vs. our expectation influencing us to upgrade our FY16 EPS by c.3%. This implies around 10% EPS growth. With a tricky 2016 successfully negotiated the focus now shifts to 2017 and there are plenty of reasons to be positive, as articulated in our recent Best Ideas note. To this end the tenor in terms of FY17 prospects is upbeat. This supports our Conviction Buy investment thesis on the stock, reflecti ....