Cineworld drops on Coronavirus fears

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Cineworld drops on Coronavirus fears
Master Investor Magazine

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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.

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