Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Cineworld Group plc    CINE   GB00B15FWH70

CINEWORLD GROUP PLC

(CINE)
  Report  
Delayed Quote. Delayed London Stock Exchange - 10/18 11:35:07 am
221.3 GBp   -0.98%
10/17CINEWORLD : Holding(s) in Company ●
PU
10/15CINEWORLD : Holding(s) in Company ●
PU
09/20CINEWORLD : Interim Dividend - Exchange Rate ●
PU
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsAnalyst Recommendations

Cineworld : to sell, leaseback some U.S. cinemas

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/15/2019 | 03:09am EDT

(Reuters) - British cinema operator Cineworld Group Plc said on Wednesday it signed a deal to sell and lease back U.S.-based multi-screen cinemas to units of Realty Income Corp.

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.

Cineworld's board will consider returning future proceeds in the form of a special dividend, once the deal is completed.

The company said its plans to integrate Regal were on track.

Separately, the cinema operator said its total revenue fell 9.4 percent on a pro-forma basis for the period between Jan. 1, 2019 and May 12, 2019.

(Reporting by Tanvi Mehta in Bengaluru; Editing by Shounak Dasgupta and Rashmi Aich)

Stocks mentioned in the article
ChangeLast1st jan.
CINEWORLD GROUP PLC -0.98% 221.3 Delayed Quote.-15.92%
REALTY INCOME CORPORATION 1.12% 79.47 Delayed Quote.26.06%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on CINEWORLD GROUP PLC
10/17CINEWORLD : Holding(s) in Company ●
PU
10/15CINEWORLD : Holding(s) in Company ●
PU
09/20CINEWORLD : Interim Dividend - Exchange Rate ●
PU
09/12CINEWORLD GROUP PLC : Ex-dividend day for interim dividend
FA
09/09CINEWORLD : Holding(s) in Company ●
PU
09/05William Hill bets on digital executive as CEO in online focus
RE
09/03CINEWORLD : UK retail sales flat-line, consumers stockpile food for Brexit - sur..
RE
08/22CINEWORLD : Holding(s) in Company ●
PU
08/16CINEWORLD : Purchase of Cineworld Shares ●
PU
08/13CINEWORLD : Holding(s) in Company ●
PU
More news
Financials (GBP)
Sales 2019 3 862 M
EBIT 2019 649 M
Net income 2019 316 M
Debt 2019 2 716 M
Yield 2019 6,16%
P/E ratio 2019 9,72x
P/E ratio 2020 8,86x
EV / Sales2019 1,49x
EV / Sales2020 1,40x
Capitalization 3 036 M
Chart CINEWORLD GROUP PLC
Duration : Period :
Cineworld Group plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends CINEWORLD GROUP PLC
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 14
Average target price 359,86  GBp
Last Close Price 221,30  GBp
Spread / Highest target 101%
Spread / Average Target 62,6%
Spread / Lowest Target 13,0%
EPS Revisions
Managers
NameTitle
Moshe Joseph Greidinger Chief Executive Officer & Non-Executive Director
Anthony Herbert Bloom Chairman
Matthew Eyre Chief Operating Officer
Nisan Cohen Chief Financial Officer & Executive Director
Eric Hartley Senat Senior Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
CINEWORLD GROUP PLC-15.92%3 908
TUI-1.42%7 954
MERLIN ENTERTAINMENTS43.18%5 982
MANCHESTER UNITED PLC-16.12%2 620
FUJI KYUKO CO., LTD.38.49%2 148
CVC BRASIL OPERADORA E AGÊNCIA DE VIAGENS-14.27%1 842