Cineworld (CINE) announced in March that it was on track to find $150m (£119m) in cost synergies this year, against a previous estimate of $100m. A mixed trading update came in May – US and UK & Ireland revenues were down by 11 per cent and 12.1 per cent, respectively, for the first five months of the year. But the international cinema chain said that it had completed the sale and leaseback of 17 US-based cinemas, in a country that now represents by far its largest revenue source, since its acquisition of US group Regal Entertainment last year. At the time of the sale, Cineworld said that it intended to use the proceeds to pay down its net debt. The group also said that it was in discussions for a similar leaseback agreement with a separate party for a further 18 cinemas.
An additional listing of 650,000 ordinary shares at 1p each followed, and several directors have bought in. Directors Moshe Greidinger and Israel Greidinger bought stock worth £115,879.96 and £92,766.77, respectively.
Non-executive director Alicja Kornasiewicz, meanwhile, purchased £51,680 in shares.A Cineworld spokesperson said: “These dealings are supportive of a remuneration policy as disclosed in the latest annual report, and the timing is practical, coming as it does shortly after the annual general meeting.”
Berenberg analysts forecast full-year 2019 pre-tax profits and earnings per share of £532m and 31.4p respectively, rising to £538m and 31.8p in 2020.
| Buys | |||||||
| Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
| 3i Group | Simon Borrows (ceo) | 16 May 2019 | 50,000 | 1,051 | 525,500 | 14,234,985 | 1.474 |
| 4d pharma | David Norwood (ch) | 21 May 2019 | 5,000 | 96 | 4,800 | 7,108,725 | 10.854 |
| 4d pharma | Alexander Stevenson | 21 May 2019 | 50,998 | 98 | 49,978 | 6,413,136 | 9.792 |
| 4d pharma | Duncan Peyton (ceo) | 21 May 2019 | 101,199 | 99.4 | 100,592 | 6,445,184 | 9.841 |
| 4d pharma | Duncan Peyton (ceo) | 22 May 2019 | 9,891 | 105 | 10,386 | 6,455,075 | 9.856 |
| Acorn Income | Helen Green (ch) | 16 May 2019 | 2,425 | 406.1224 | 9,848 | 2,425 | 0.015 |
| Air Partner | Edmond Warner (ch) | 16 May 2019 | 25,000 | 92 | 23,000 | 100,000 | 0.192 |
| BlueRock Diamonds* | David Facey (fd) | 22 May 2019 | 10,000,000 | 0.1 | 10,000 | 23,999,999 | 1.473 |
| BlueRock Diamonds* | Michael Houston (ch) | 22 May 2019 | 15,000,000 | 0.1 | 15,000 | 15,000,000 | 0.921 |
| Chariot Oil & Gas | Christopher Zeal | 20 May 2019 | 198,023 | 5.0499 | 10,000 | 198,023 | 0.054 |
| Chariot Oil & Gas | George Canjar (ch) | 20 May 2019 | 450,000 | 5.2 | 23,400 | 741,573 | 0.202 |
| Cineworld | Moshe Greidinger (ceo) | 20 May 2019 | 38,790 | 298.73 | 115,880 | 383,170,510 | 27.945 |
| Cineworld | Israel Greidinger | 20 May 2019 | 31,040 | 298.862 | 92,767 | 383,162,760 | 27.944 |
| Cineworld | Alicja Kornasiewicz | 20 May 2019 | 17,000 | 304 | 51,680 | 92,000 | 0.007 |
| ContourGlobal | Joseph Brandt | 22 May 2019 | 10,085 | 204.38 | 20,612 | 1,671,342 | 0.249 |
| Coral Products | Joseph Grimmond (ch) | 21 May 2019 | 50,000 | 7.99 | 3,995 | 5,373,337 | 6.504 |
| Coral Products | Michael Wood (ceo) | 21 May 2019 | 37,037 | 8.1 | 3,000 | 223,601 | 0.271 |
| Coral Products♥ | David Low | 21 May 2019 | 50,000 | 8.4 | 4,200 | 980,000 | 1.186 |
| Diversified Gas & Oil | David Johnson (ch) | 16 May 2019 | 20,000 | 128.9 | 25,780 | 230,000 | 0.033 |
| Downing Strategic Micro-Cap Investment | Linda Bell | 17 May 2019 | 8,500 | 72.73 | 6,182 | 20,386 | 0.037 |
| F&C Commercial Property | John Wythe | 17 May 2019 | 16,733 | 119.5 | 19,996 | 16,733 | 0.002 |
| IndigoVision | Victoria Macleod | 17 May 2019 | 10,000 | 181 | 18,100 | 10,000 | 0.133 |
| ITE | Richard Last (ch) | 16 May 2019 | 50,000 | 75 | 37,500 | 300,000 | 0.040 |
| JPMorgan Multi-Asset | Laurence Magnus (ch) | 22 May 2019 | 50,000 | 92.375 | 46,188 | 235,960 | 0.274 |
| Lloyds Banking | Stuart Sinclair | 17 May 2019 | 362,664 | 61.454 | 222,872 | 362,664 | 0.001 |
| Marks & Spencer | Katie Bickerstaffe | 22 May 2019 | 2,000 | 249.5 | 4,990 | 4,000 | 0.000 |
| Mereo BioPharma | Peter Bains | 21 May 2019 | 47,500 | 90 | 42,750 | 155,406 | 0.218 |
| Minds + Machines | Henry Turcan | 16 May 2019 | 76,000 | 5.6 | 4,256 | 7,921,000 | 0.994 |
| Minds + Machines | Henry Turcan | 22 May 2019 | 250,000 | 5.9 | 14,750 | 8,372,536 | 1.051 |
| National Grid | Peter Gershon (ch) | 22 May 2019 | 6,000 | 807.23 | 48,434 | 101,238 | 0.003 |
| Newmark Security | Robert Waddington | 21 May 2019 | 900,000 | 0.8 | 7,200 | 1,800,000 | 0.384 |
| NextEnergy Solar | Susan Inglis | 16 May 2019 | 50,000 | 120.319 | 60,160 | 50,000 | 0.009 |
| On The Beach | Elaine O'Donnell | 16 May 2019 | 2,267 | 438.6 | 9,943 | 2,267 | 0.002 |
| On The Beach♥ | Elaine O'Donnell | 16 May 2019 | 2,267 | 438.6 | 9,943 | 4,534 | 0.003 |
| On The Beach | David Kelly | 17 May 2019 | 3,345 | 448.4 | 14,999 | 3,345 | 0.003 |
| Oriole Resources | Robert Smeeton (cfo) | 21 May 2019 | 1,572,327 | 0.318 | 5,000 | 3,572,327 | 0.509 |
| Oriole Resources | Timothy Livesey (ceo) | 21 May 2019 | 1,568,569 | 0.318 | 4,988 | 6,315,369 | 0.900 |
| Phoenix Global Resources | Michael Rake (ch) | 21 May 2019 | 300,000 | 22 | 66,000 | 760,000 | 0.027 |
| ProPhotonix | Timothy Losik (ceo) | 22 May 2019 | 950,000 | 2.74 | 26,030 | 12,538,137 | 13.482 |
| ProPhotonix | Timothy Losik (ceo) | 22 May 2019 | 50,000 | 2.75 | 1,375 | 12,588,137 | 13.536 |
| Prudential | Jane Wicker-Miurin | 21 May 2019 | 1,500 | 1655 | 24,825 | 2,500 | 0.000 |
| Sage | Annette Court | 20 May 2019 | 1,350 | 746.3985 | 10,076 | 1,350 | 0.000 |
| Sanditon Investment | Rupert Barclay (ch) | 16 May 2019 | 100,000 | 81.73 | 81,730 | 200,000 | 0.275 |
| Schroder Asian Total Return Investment Co | Sarah MacAulay | 22 May 2019 | 9,000 | 349.96 | 31,496 | 20,275 | 0.022 |
| SDX Energy Inc | Mark Reid | 21 May 2019 | 84,185 | 23.76 | 20,002 | 331,685 | 0.162 |
| SDX Energy Inc | Timothy Linacre | 17 May 2019 | 50,000 | 26.5 | 13,250 | 50,000 | 0.024 |
| SDX Energy Inc | David Mitchell | 21 May 2019 | 97,500 | 0.41 | 39,975 | 1,752,610 | 0.857 |
| SDX Energy Inc | Michael Doyle (ch) | 21 May 2019 | 100,000 | 0.4128 | 41,280 | 2,300,158 | 1.125 |
| Sigma Capital | James McMahon | 16 May 2019 | 41,203 | 117 | 48,208 | 41,203 | 0.046 |
| Woodbois | Miles Pelham (ch) | 16 May 2019 | 1,480,000 | 6.6 | 97,680 | 2,480,000 | 0.657 |
| Woodbois | Miles Pelham (ch) | 17 May 2019 | 1,000,000 | 6.75 | 67,500 | 3,480,000 | 0.922 |
| Woodbois | Miles Pelham (ch) | 20 May 2019 | 500,000 | 7.08 | 35,400 | 3,980,000 | 1.054 |
| Yu Group | Bobby Kalar (ceo) | 16 May 2019 | 4,000 | 207 | 8,280 | 8,652,649 | 53.190 |
| Sells | |||||||
| Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
| Instem | Michael McGoun | 21 May 2019 | 30,000 | 347.55 | 104,265 | 6,786 | 0.043 |
| Ocado | Stuart Rose | 22 May 2019 | 450,000 | 1,235.10 | 5,557,938 | 752,284 | 0.108 |
| Randall & Quilter Investment Holdings | Alan Quilter (cfo) | 20 May 2019 | 500,000 | 188 | 940,000 | 3,392,088 | 2.692 |
| Sophos | Nick Bray (fd) | 20 May 2019 | 126,052 | 388 | 489,082 | 281,138 | 0.058 |
| Sophos | Nick Bray (fd) | 20 May 2019 | 73,391 | 391 | 286,959 | 207,747 | 0.043 |
*Placing/tender/open offer ♥Spouse/connected party | |||||||
