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EID Eidos

31.75
0.00 (0.00%)
25 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Eidos LSE:EID London Ordinary Share GB0007641797 ORD 5P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 31.75 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 31.75 GBX

Eidos (EID) Latest News

Real-Time news about Eidos (London Stock Exchange): 0 recent articles

Eidos (EID) Discussions and Chat

Eidos Forums and Chat

Date Time Title Posts
10/12/201413:01EIDOS - New Dec 2008 onwards1,096
10/12/200815:37Tomb Raider screenie and it's a shocker11
10/12/200813:18EIDOS ... stake building...stories of predator in the wings2,463
22/3/200514:12Robert Bonnier linked to 'raid' on Eidos4
11/8/200411:56any views on eidos14

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Eidos (EID) Top Chat Posts

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Posted at 16/5/2011 09:43 by amt
Hi Darren.
I noticed a message on the Eidos board this morning and guessed it might be you.
Good luck with the Bougafer Board. I dont follow games companies anymore but remember making a fair amount on Eidos and getting out before the share price collapse following your move. Only connected share I have is IMG which originally had a link to consoles but they are doing really well.
Why is it called Bougafer by the way ?
Posted at 19/12/2010 17:56 by life of crime
Yes Darren, SQEX down 10% on that profit warning. I should have sold when they were up 30% for me 12 months ago - will I ever learn!

It seems K&L2 failed to reach internal targets and the latest version of FF on PC has bombed, both due to quality issues I suspect. I'm sure they will take the time to rectify problems on the latter for the all important PS3 release, but that and the delay to DX3 is not going to help profitability in the short term. If the K&L movie turns out to be a success it may give the franchise the momentum for a K&L3, otherwise it may be curtains for the brand.

Fortunately, SQEX are a tiny part of my portfolio now - Eidos burned my fingers when it comes to gaming stocks. I will sell up when they reach my break even and be done with it.

IMG is riding the iPhone/Pod/Pad wave for me these days - a great British firm finally getting the recognition they deserve.

Anyway, definitely the last post on matters EID/SQEX from me. Good luck to you Darren, and anyone else still lurking on this BB, re your future investments. Parting shot from me that might be of interest, latest interview on DX; could well be a money spinner for them (eventually):
Posted at 16/12/2010 12:02 by darrens
I'm still to be convinced that there's big money to be made from the iphone/ipad platforms. I know the top selling games sell in their many millions but with their penny pricing it means that the revenues are actually quite small.

I think Angry Birds has sold around 5m, but at 59p a pop that only gives you about £3m in revenue. Well, £2m after Apple have taken their 30%.

I guess development costs were only in their tens of thousands so there's still money to be made but I just think the numbers are fairly small when compared to the pc/console publishing side of things.

In other news, I see that SQEX has announced a nasty profits warning. I think it was after market closed so I don't think it's in the price yet. Ouch.
Posted at 07/11/2010 15:47 by life of crime
Thanks Darren, re both your last posts. I've kept my small stake in SQEX, more as a reatained interest in the games business than anything else. It's hovering around my breakeven price, despite SQEX having posted excellent results consistently since the takeover. No logic in the stock market sometimes, especially gaming stocks!

I still think Eid was a steal, as you know, with 3 No 1 hits since the takeover. I don't know how the DL TR spin off (Guardian of Light) is doing, but the reviews were universally strong and it was well priced, so I presume it has done good numbers. A new franchise in the making possibly.

SQEX/EID is a peripheral interest these days (hence the delay in seeing your post), with IMG being my main holding now. It has wiped out my losses in Eid, so I can offset them against my eventual tax bill (I knew Eidos would come in handy one day!). Good luck with your future investments.

PS. Just found this link to the 6 month figures to Sept:



Sales are slower than forecast, explaining the recent share price drop. I'll hold onto my interest in SQEX, because I think the acquisition of Eidos will pay off for them, as they needed to expand beyond the Japanese market.
Posted at 17/10/2009 23:11 by life of crime
Hello Peter and Darren,

I did not expect to find anyone on this board after all this time; still no reason why not as Eidos are still going, via SQEX.

I retained an interest in things Eidos by buying some SQEX stock, which is up around 30% since May. I was very pleased to see Batman doing so well and also CM 10, which has reviewed strongly and finally put them back in contention with FM. Mini Ninjas showed promise but seems not to have fulfiled its potential, according to the reviews (and the charts).

On the whole, Square must be pleased thus far with the deal it did. Some great franchises still to come (DX3, K&L2, HM5, TR8) plus the release of their own big hitters, like Dragon's Quest and of course Final Fantasy, both due in the next few months. I'm hoping with the release of the latter two and confirmation of Batman and CM showing strong numbers (especially Batman) that Square's share price will move northwards in the New Year. There will also be cost cutting in the UK when the Square London office and Eidos' HQ merge.

Eidos cost me an arm and a leg in losses, but thankfully investments elsewhere (including Square) are cancelling that out. As the saying goes: don't get mad, get even (and don't fall in love with the stock!). Best of luck with your future share purchases.
Posted at 22/4/2009 09:55 by togglebrush
The board of Eidos is pleased to announce that the Scheme has now become effective and the entire issued share capital of Eidos is now owned by SQEX.

Admission to trading of Eidos Shares on the London Stock Exchange and the listing of Eidos Shares on the official list maintained by the UK Listing Authority will be cancelled at 8.00 a.m. (London time) on 23 April 2009.

In consideration for the cancellation of their shareholdings, shareholders on Eidos' share register at 6.00 p.m. (London time) on 21 April 2009 will receive 32 pence in cash for each Eidos Share held. Any cash consideration due to holders of Eidos Shares held in uncertificated form will be paid via CREST, and any cheques in respect of any cash consideration due to holders of Eidos Shares held in certificated form will be despatched by no later than 6 May 2009.

THE END
Posted at 12/2/2009 14:31 by damac
"The Offer will be put to Eidos Shareholders at the Court Meeting and at the Extraordinary General Meeting. In order to become effective, the Scheme must be approved by a majority in number of the holders of Eidos Shares present and voting, either in person or by proxy, representing at least 75 per cent. in value of the Eidos Shares held by such Eidos Shareholders. In addition, a special resolution implementing the Scheme and approving the related Capital Reduction must be passed by Eidos Shareholders representing 75 per cent. of the votes cast at the Extraordinary General Meeting. The special resolution will also approve amendments to the articles of association of Eidos and, if necessary, to certain Eidos Share Schemes."


"It is expected that the Court Meeting and the Extraordinary General
Meeting will be held in March 2009 and that the Scheme will become effective before the end of April 2009."


IMO, unless you desperately need the money out for something else, it is pointless selling up just now. Effectively TW have until the meetings in March to put in an offer, until then the price will stay very close to the 32p mark if no further bid is forthcoming.

Been through all this lately with C&W takeover of Thus, the offer bid was £1.80 per share and the Thus shareprice shot up from around £1.35 to £1.79p, very rarely falling below the £1.79 mark before C&W got the required percentage acceptance for the takeover.

Unless a bid comes in from someone else, the Edios share price will stay around this current level until the meetings in March, bailing out now when TW have so much time to counter it is not an option for me. Each to their own though!
Posted at 20/1/2009 08:42 by togglebrush
A year ago the board of directors changed. Their recent forecast of sales for the current year is £160 to £180 million. In 3 weeks we should receive first half year Interims. But it would appear that sales revenue stream has been restored.


Forecast ____________________Actual____Actual______Actual
Yr 8/9_____in £ millions_____Yr 7/8____Yr 6/7______Yr 5/6

180.00____Revenue____________118.90____144.00______179.10


The share price has been hammered by the current state of the market and the 10% overhang of the company's shares in the market. This was caused by the failure of the Icelandic banks in Mid October and the placing of 43 million of Robert T's backing of his CFD holding on the market. Until this is cleared the share price is unlikely to succeed.

There are multiple video game projects at various states of progress in several studios world wide (see header). Software projects are notoriously difficult to get the timing right. Even Microsoft has well published troubles. But after one year the revenue stream appears to be coming right.

Company is vulnerable to take over because of its size, especially in this growth market sector. Key to the share price remains in that market overhang as the 10% dominates the free floating share market. The suggestion of a take over may help absorb some of the overhang and IF the Interims are positive we may see some share price movement latter in February or March.
Posted at 17/1/2009 13:53 by kooba
TimeWarner Could Marry Lara Croft
Lionel Laurent, 01.16.09, 11:58 AM EST
Time Warner Inc.
01/16/2009 4:00PM
It seems to be a marriage made in heaven: media conglomerate Time Warner, with its finger in all sorts of pies from movies to music, and videogame hottie Lara Croft, whose Tomb Raider series has already spawned two big-screen movies. And now that Tomb Raider creator Eidos is officially in play, after confirming it had received a preliminary takeover approach on Thursday, Time Warner could end up as the victorious buyer.

Time Warner already owns a 20.0% stake in Britain's Eidos, which would give it an obvious advantage in takeover talks, and it has the right to acquire an extra 10.0% as part of an agreement with the games maker. Warner first bought into Eidos back in 2006, with a 10.0% stake, as part of a wider deal to license and distribute games based on Time Warner-owned characters like Batman and Bugs Bunny.

"Time Warner is the most likely bidder," said Robert Jakobsen, an analyst with Jyske Bank. He estimated a takeover price of around 20 to 30 pence (30 to 45 cents) per share, a premium of about 50.0% to the current share price.

Shares of Eidos jumped by 31.3%, or 3.75 pence (6 cents), to 15.75 pence ($2.33), during afternoon trading in London Friday. The company would not say who had approached it regarding a possible takeover, while a representative of TimeWarner was not available for comment.

Eidos is vulnerable to a takeover because of its debt levels, which stand at 25 million pounds ($37.0 million), and growing pressure from the consumer downturn on its ability to meet loan agreements. Although videogames are still selling like hotcakes, prices are coming down to lure buyers out of their shell, and Eidos warned earlier this month that it might breach its loan covenants in June of this year.

If the company were to be taken over, it would be a repeat of what happened three years ago. In 2005, Eidos was bought by SCi Entertainment after struggling to meet its loan covenants. The company decided to keep the name "Eidos," only to face circumstances in which it may suffer the same fate as its predecessor.
Posted at 10/1/2009 16:24 by kooba
ft lex column.



Eidos video games
Published: January 9 2009 09:47 | Last updated: January 9 2009 19:31

Not even Lara Croft can fend off this mutant economy. Eidos, the London-based video game publisher, had been relying on the buxom, pistol-toting archaeologist – star of its Tomb Raider games – to carry it through the holiday season. That was before consumer demand collapsed faster than the Great Pyramid of Atlantis in the original hit Tomb Raider game.

As a smaller video games publisher, Eidos is particularly vulnerable to the cyclical, hit-driven nature of the business. After a series of duds, Tomb Raider: Underworld, eighth in the series, has been generally well received by critics. But a weak performance in north America, where sputtering sales led retailers to cut orders and extract concessions from gamemakers in the Christmas run-up, left the company exposed. It has warned it may be forced into talks with banks over its £25m credit line if conditions do not improve.

Eidos is a frequent subject of takeover rumours and the 26 per cent drop in its share price that followed yesterday's news could tempt bigger rivals to bite. With a market capitalisation of just £34m compared with an industry average of $2.7bn, Eidos is small. Even so, it punches above its weight thanks to Tomb Raider. Eidos is also working with Time Warner, which owns 20 per cent of the group, on a new Batman game, scheduled to launch later this year.

There are only so many good story lines. A company such as Electronic Arts, which abandoned a bid to buy fellow industry heavyweight Take Two last year, might relish the opportunity to scoop up some high-profile characters at knockdown prices. The problem is that Eidos is aware of the value of its intellectual property, and has walked away from suitors before. Eidos should not be so picky this time. After all, if Lara can't save them, who says Batman can?
Eidos share price data is direct from the London Stock Exchange

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