NICK BATRAM PEEL HUNT
The third quarter was disappointing for the industry, but Cineworld’s performance during this period is reassuring. The benefits being derived from digital/CRM and the Unlimited card has enabled Cineworld to outperform the market, and there is much more to come.
STEVE LIECHTI INVESTEC
The interim management statement suggests strong first half trading continued into the third quarter, helped by weaker Olympic competition, but July/August hot weather was unhelpful to the overall industry. The shares remain attractive for midterm with the Cineworld/Picturehouse unit expansion.
DOUGLAS JACK NUMIS
As expected, trading slowed in the third quarter due to hot weather and weaker film releases. Nevertheless, Cineworld Cinemas (ex-Picturehouse) box office still rose 1.4 per cent in the third quarter and is up seven per cent year-to-date. This growth is four per cent ahead of full year assumptions.