Cineworld (CINE.L) has fallen dramatically from recent highs of 321.0p. Will it continue, or is this an opportunity to pick up a bargain?

• Now trading at 210p (at time of writing). A return to previous highs would represent a rise of 52%.
• This stock is one of the most significant fallers in the period.
• Is the trend your friend, or is a bounce imminent?
• The market often over-reacts to bad news. Investors should consider whether it is down for good reason, or is this another over-reaction?
• Investors seeking a bargain should be mindful of fundamentals and events, which can influence price action. Check our website and news outlets for updates.
• Shares -34% from 12-month highs; +0% from 12 month lows.

Latest News

28 Oct:  Cineworld stated that it had appointed Helen Weir as a non-Executive Director.  Weir was formerly the CFO of Marks & Spencer.

12 Sep:  UBS reiterates its buy rating on Cineworld Group (CINE) and reduced the target price to 345p (from 375p).

08 Aug:  Cineworld posted profit decline on reduced revenues in H1, due to the timing of film releases in the period.

31 Jul:  Peel Hunt has upgraded its rating on Cineworld Group (CINE) to buy (from add) and reduced the target price to 300p (from 320p).

13 Jun:  Cineworld announced that it has completed another sale and leaseback deal on 18 US-based multi-screen cinemas (255 screens), for $270m.

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

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