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Chairman sees Cineworld Bloom

Cinema chain's chairman Anthony Bloom snaps up shares on the back of strong half-year numbers
August 25, 2015

Shares in Cineworld (CINE) appear to have endured a bit of profit-taking since their solid half-year results but the numbers were good enough to prompt chairman Anthony Bloom to snap up more stock. A discretionary trust, of which Mr Bloom is one of the potential beneficiaries, purchased 50,000 ordinary shares at 591p. This was the price the shares reached after their H1 print but they have since fallen to 556p at the time of writing.

IC TIP: Buy at 558p

The purchase means the trust now owns 2,208,006 ordinary shares out of the 265.2m in issue. Mr Bloom, who is 75, joined the board in October 2004 as chairman having served as chairman of Cine-UK from when the business was founded in 1995.

The group is already well-established in the UK but managed a 10.5 per cent rise in box office revenues in the first half compared to the same period in 2014 and has plans for major expansions and refurbishments. The company also owns a Central & Eastern Europe and Israel-based business, which has a strong potential for growth.

Buys
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Brammer Andrea Abt13 Aug 153,000289.528,6868,0000.006
Capital & Regional ΩHugh Scott-Barrett (ce)13 Aug 15117,0556677,2562,149,1090.307
Cineworld † Anthony Bloom (ch)18 Aug 1550,000591295,5002,208,0060.833
Coats  Paul Forman (ce)13 Aug 15200,00027.7355,460535,9330.038
Cobham Alan Semple14 Aug 155,000284.914,2455,000<0.001
Development Securities Richard Upton13 Aug 157,50826319,7462,772,6992.219
ECR Minerals *Stephen Clayson (ce)17 Aug 1548,888,8880.04522,00067,623,7781.455
Esure  Martin Pike14 Aug 1540,000235.594,20040,0000.010
Fidessa  Andy Malpass (fd)18 Aug 152101,901.383,99383,7800.219
Games Workshop  Kevin Rountree (ce)13 Aug 154,000572.2522,89019,9450.062
Gresham Computing ♥MME Royde14 Aug 1525,0009824,5006,089,6649.630
HSBC Holdings Laura Cha17 Aug 155,200560.9429,1695,200<0.001
Kromek * Dr. Arnab Basu (ce)18 Aug 1572,0002518,0002,072,0001.361
Kromek * Prof Brian Tanner18 Aug 1550,0002512,500800,0000.526
Kromek * Prof Max Robinson18 Aug 1560,0002515,0009,560,0006.282
Kromek * ♥ Dr. Graeme Speirs18 Aug 151,475,68525368,92116,268,41510.690
Laird Kjersti Wiklund17 Aug 151,000396.193,9621,000<0.001
Meggitt Sir Nigel Rudd (ch)18 Aug 1510,000496.949,69030,0000.004
Meggitt ♥Sir Nigel Rudd (ch)18 Aug 1510,000496.949,69040,0000.005
Octopus Eclipse VCT JKL McBride17 Aug 15296,96136.2107,500296,9610.295
Oxford Technology 2 Venture Capital Trust R Roth (ch)17 Aug 1515,00020.53,07558,9010.867
Persimmon Rachel Kentleton18 Aug 151,2032,077.3124,9901,203<0.001
Princess Private Equity Holding Richard Battey14 Aug 155,00078839,40015,0000.022
Real Good Food Pieter Totte (ch)19 Aug 1592,00056.2551,7502,716,1243.895
Red Leopard Holdings *Howard Crosby19 Aug 1535,624,9990.135,62536,840,2776.284
Red Leopard Holdings *John May (ch)19 Aug 1547,916,6670.147,91777,141,23813.158
Red Leopard Holdings *Stuart Adam (fd)19 Aug 1547,916,6670.147,91757,947,2229.884
Royal Dutch Shell Euleen Goh13 Aug 155,0001,89094,5005,000<0.001
Stadium *Chris Gill14 Aug 152,4471102,69267,2670.184
Stadium *Charlie Peppiatt (ce)14 Aug 152,4901102,73947,4900.130
Stadium *Joanne Estell (fd)14 Aug 151,6841101,85217,1840.047
Stadium *Nick Brayshaw (ch)14 Aug 156,3251106,958169,0520.463
Tungsten Corp ΩNicholas Parker13 Aug 1528,75075.521,706150,0000.120
Workspace  Stephen Hubbard14 Aug 158,15097579,4638,1500.005
ZincOx Resources *Gautam Dalal18 Aug 15411,0001353,4301,589,9200.837

Sells
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Aer Lingus  William Slattery18 Aug 1526,29518348,12000.000
Aer Lingus  Colm Barrington (ch)18 Aug 15300,000183549,00000.000
Aer Lingus  Nicola Shaw18 Aug 1523,94518343,81900.000
Bankers Petroleum Eric Brown17 Aug 1520,000135.461527,092100,1660.038
CEB Resources Cameron Pearce (ch)14 Aug 1515,000,0000.815122,25015,246,7482.123
CEB Resources Jeremy King14 Aug 155,000,0000.8341,500371,0890.052
Compass  Gary Green13 Aug 15150,4221,035.081,556,995365,8190.022
First Quantum Minerals Martin Rowley19 Aug 15500365.841,829745,9670.109
First Quantum Minerals Martin Rowley19 Aug 151,900365.606,946744,0670.109
First Quantum Minerals Martin Rowley19 Aug 151,400365.125,112742,6670.109
First Quantum Minerals Martin Rowley19 Aug 155,700364.6420,784736,9670.108
First Quantum Minerals Martin Rowley19 Aug 1571,862364.16261,690665,0050.097
Hill & Smith Holdings Mark Pegler (fd)13 Aug 1514,830683101,28970,0000.089
Zoopla Property  Alex Chesterman (ce)13 Aug 154,250,00025710,922,50012,768,0803.054
*Placing/tender/open offer ♥Spouse/connected party ΩIsa/Sipp/Trust †Sold by discretionary trust