The Shareholders Foundation announces that an investigation on behalf of investors of National CineMedia, Inc. (NASDAQ:NCMI) shares was launched over potential securities laws violations in connection certain financial statements.
Investors who purchased shares of National CineMedia, Inc. (NASDAQ:NCMI) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of National CineMedia, Inc. (NASDAQ:NCMI) concerning whether a series of statements by National CineMedia regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Shares of National CineMedia, Inc. (NASDAQ:NCMI) grew from $11.52 per share in October 2011 to as high as $20.07 per share in late December 2013.
On February 20, 2014, National CineMedia, Inc reported its fourth quarter and full year 2013 financial results. National CineMedia, Inc. reported that its Total Revenue rose from $448.80 million for the 52 weeks period that ended on Dec. 27, 2012 to $462.80 million for the 52 weeks period that ended on December 26, 2013 and that its Net Income for those respective time periods grew from $13.40 million to $41.20 million.
On May 5, 2014, National CineMedia, Inc announced its first quarter 014 financial results. National CineMedia, Inc reported that its first quarter Revenue declined from $82.2 million in 2013 to $70.2 million in 2014 and that its first quarter Net loss of $1 million in 2013 increased to $3.1 million in 2014.
On August 5, 2014, National CineMedia, Inc reported its second quarter 2014 financial results. National CineMedia, Inc announces that its second quarter Revenue declined from $122.8 million in 2013 to $99.9 million in 2014 and that its second quarter Net income declined from $9.5 million in 2013 to $3.6 million in 2014.
On November 3, 2014, National CineMedia, Inc announces its third quarter 2014 financial results. National CineMedia, Inc announces that its third quarter Revenue declined from $135.1 million in 2013 to $100.8 million in 2014 an that its third quarter Net Income declined from $13.4 million in 2013 to $6.2 million.On the same day, the U.S. Department of Justice Office of Public Affairs announced that it had filed an antitrust enforcement action seeking to block the Company’s acquisition of Screenvision.
Shares of National CineMedia, Inc declined to $11.70 per share on November 3, 2014
On December 1, 2014, NASDAQ:NCMI shares closed at $13.84 per share.
Those who purchased shares of National CineMedia, Inc. have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com