Cineworld drops on Coronavirus fears

0 mins. to read
Cineworld drops on Coronavirus fears
Master Investor Magazine

Master Investor Magazine 60Never miss an issue of Master Investor Magazine – sign-up now for free!

Read the latest Master Investor Magazine

FTSE 250 entertainment firm Cineworld Group (LON:CINE) watched its share price fall by 8.02% to 111.75p (as of 12:45 GMT), despite its announcement that it has seen no material impact on admissions from COVID-19 to date. While some films such as the upcoming Bond movie have been delayed, the studios have advised the group that they remain broadly committed to their prior release schedules.

Management said that should conditions change, they have room to adapt through capex postponement and other cost reductions.

Take part in our poll

Of the stocks covered by Master Investor in the weekly Small Cap Round Up, which ones do you hold?

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *


Get real investment insights from some of the best minds in the business - with our free Master Investor Magazine.