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Stock Market & Financial Investment News

News Breaks
May 28, 2014
08:44 EDTIMAXIMAX China valuation higher than initially thought, says MKM Partners
After reevaluating IMAX's sale of a minority interest in IMAX China last month, MKM Partners now believes that IMAX China is being valued at a premium closer to 4-5 turns higher than the company's overall valuation, versus earlier estimates of in-line to just under a 1-turn premium. The firm now thinks the company may spin off the subsidiary in an IPO within the next 24-36 months. It keeps a $36 price target and Buy rating on the shares.
News For IMAX From The Last 14 Days
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July 24, 2015
08:18 EDTIMAXB. Riley says to add to IMAX positions
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July 23, 2015
06:34 EDTIMAXIMAX raises annual installation guidance to 120 new theatres
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06:34 EDTIMAXIMAX reports Q2 adjusted EPS 40c, consensus 40c
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July 22, 2015
07:12 EDTIMAXIMAX to adapt Vienna State Opera for new Mission: Impossible film premiere
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July 20, 2015
05:21 EDTIMAXIMAX reports 'Monster Hunt' opening weekend at Chinese box office earned $8.7M
IMAX announced that Monster Hunt, the 3D fantasy adventure from director Raman Hui and producers William Kong, Chung Man Yee and Alan Yuen, earned $8.7M in its opening weekend in China on 216 IMAX screens, making it the largest-ever opening for a Chinese IMAX DMR film. Additionally, Monster Hunt scored a record single-day gross for a Chinese film in IMAX, totaling $2.7M on Saturday.

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