Analyst Views: Do Cineworld’s first half results make good viewing?

 
Kasmira Jefford
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WAYNE BROWN CANACCORD GENUITY
“We expect the strong momentum from the first half to continue into the third quarter, which accounts for just over 25 per cent of full year sales...We are keeping forecasts ahead of fourth quarter where the comparatives are more challenging but after such a strong first half, confidence in estimates is high.
NICK BATRAM PEEL HUNT
“The picture at Cineworld looks pretty good at the moment and we expect it to get even better. These results begin to reflect the potential of the benefits from the digitisation of the business and we believe there is more to come... The long-term fundamentals continue to justify a buy rating.
KARL BURNS PANMURE GORDON
“Films at the start of the third quarter have performed in line with expectations and the group is on track with its plans for the year. We therefore expect no change to consensus forecasts of around £75m. We forecast £44.2m of pre-tax profit in 2013 reflecting our more cautious view on admissions in the second half.