30 June 2010 – trading statement
A trading update covering the 26 weeks ending 1 July 2010 has been released. Revenue is expected to be 3.7% ahead of the same period last year and this represents more than acceptable performance. We had picked Cineworld as a company which would outperform in the economic downturn and this has proved to be the case. However, the share price has had a good run and there may now be better value to be found elsewhere. Although the company should continue to trade well, we would suggest that it is now one to BUY ON WEAKNESS.