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ETO Entertainment One Ltd.

557.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Entertainment One Ltd. LSE:ETO London Ordinary Share CA29382B1022 COMM SHS NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 557.00 557.00 557.50 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Entertainment One Share Discussion Threads

Showing 9426 to 9449 of 10300 messages
Chat Pages: Latest  388  387  386  385  384  383  382  381  380  379  378  377  Older
DateSubjectAuthorDiscuss
15/9/2016
08:11
I beg to differ tini5 and werty5 ... and would suggest that the weakness has nothing to do with the company, ITV walking away, or for that matter bored shareholders after a quick buck etc.

It might just pay to look away from ETO for a second and appreciate the fact that there has been a rout in global bond markets over the past four of five days these shares have been falling. Indeed around $2 trillion, or about one fifth of the world's negative yielding bonds have repriced almost overnight to become positive yielding, despite the absence of inflationary pressures. This clearly has implications for corporate bond risk, credit spreads and in the short term equity valuations. This and this reason alone is why ETO, like many other quality companies, has been getting it in the neck. But where there is fear there is also opportunity ...

raffles the gentleman thug
15/9/2016
08:03
There seems to be a level of support here time will tell if it breaks or not.
werty5
15/9/2016
07:59
This:

Say the stock declines in price by 20%. Most investors would wince at seeing this much of their hard-earned dough evaporate into thin air. The value investor, however, doesn't sell simply because of a drop in price, but because of a fundamental change in the characteristics that made the stock attractive. The value investor knows that it takes research to determine if a low P/E and high earnings still exist.

www.investopedia.com/articles/02/022002.asp

There's no fundamental change in characteristics - I think this walk down is a result of those who were after the quick win of a buyout getting bored waiting to see if there were any further suitors in the wings. All this is, is a fantastic buying opportunity. I think this will be back up 15-18% by early October.

tini5
15/9/2016
07:14
Surely itv will be back soon. 2.50 would get this now, how much more pain will holders endure.
spoole5
14/9/2016
17:10
The simple fact here is that management will be unable to get the price above the itv offer by themselves. This will drift down to about 180 then takeover talk will start again to move it higher.
spoole5
14/9/2016
17:07
Agree with you deanowls but ITV has been lucky so far making cheap acquisitions with big performance related earnouts. I am sure if they didn't have the earn outs and paid full whack shareholders would have been squealing.

But despite everything its done ITV is still only getting 25% of earnings from content and heavily geared to advertising. The cashflow is great, but if they can't meaningfully reinvest, lever the balance sheet and accrete earnings then its not really going to earn the rating it deserves and the shares will deliver only pedestrian returns.

As for ETO I think everyone agrees they have to deliver, and certainly generate cashflow to win confidence from the market. But I think management understand this and were at pains to point out that growth going forward would be internally generated over acquisition led.

Personally for me on a three year view I can see them delivering and the shares beating ITV investment returns. (and I am long them both)

raffles the gentleman thug
14/9/2016
16:46
itv maybe on a discount but it is a different business to eto, it generates actual cash, doesn't look to overpay and pays a stinking divi if you include the special. Lots of positives, ETO need to turn some of those profits into teal cash, they may have a lot going on, loads of announcements but, where's the end game? Building content that is not in the valuation? They have to show some real progress. I'm long by the way!
deanowls
14/9/2016
12:51
I meant ibst raff,i have averaged down (i rarely do)re eto itv no qualms
as i bought much lower.

joeall
14/9/2016
12:32
Almost there!!!
spoole5
14/9/2016
12:27
hee hee - I don't know about that joeall ... if you wavering on ETO I don't believe you should as last set of results showed business model completely on track. They do have a lot to prove still, and the market for the moment remains unable to get it head around production finance being working capital and distinct from group debt, but there is tremendous growth in the business, and I believe they will deliver.

ITV is a bit of a call on the Q4, and early indications are all over the show, but programming schedule has come right and volume of advertising feels like it will surprise to upside. Meanwhile market has slashed numbers too far into 2017 in my view. My only disappointment was their appalling exception on ETO, which makes me wonder whether they know what they are doing. Every other deal has been lowly priced with earn outs to mitigate risk and I can't help feeling they have been lucky and those days are over.

UK construction and housebuilding in particular no concerns about whatsoever.

raffles the gentleman thug
14/9/2016
12:14
Thanks raff,from keeping me from wavering.
joeall
14/9/2016
11:56
wouldn't worry too much joeall .. its just monumental sector rotation induced by the repricing of global bond markets, which should be short lived, given the world's central banks remain data dependent. Most UK cyclicals in this area have merely repriced back to their rising 50 day moving averages and so IBST is not alone and is a great quality name
raffles the gentleman thug
14/9/2016
11:46
I'm also not having much luck with ibst at the moment raff,though i think
it will come good when sentiment changes(which it will) for builders.

joeall
14/9/2016
11:30
Not one bit joeall .. my comments on ITV were just seeking to highlight the lunacy of the ETO valuation, not just relative to ITV, but frankly to all peers - though clearly ETO still has much to prove in the years ahead - but so far so good.

ITV is a bit of an unfair comparison in any event given its greater economic sensitivity, where a pick up in ad spend can have a dramatic effect on their ability to deliver earnings growth next year - and I am hopeful that will be the case.

As per my comments on the ITV thread I stupidly stepped aside from ITV shares last week to switch into homebuilders which short term has been a disaster, but then came back into ITV in the 195s/196s immediately after the Director sales, which I felt the market was over-reacting too. So for the record I am exceedingly happy owning both.

Quite why ETO is doing whats its doing at present I don't know, but I am happy to be buying and draw comfort from the fact that someone is probably dumping shares they paid a much higher price for ...

raffles the gentleman thug
14/9/2016
11:23
Especially due to the fact the largest share holder has members on the bod so they have the foresight to see the mechanics of what is going on behind the curtain. One can only assume that they are happy or perhaps the ITV brush off would not have been so quick.
werty5
14/9/2016
11:18
agree tini5 ... other than for the fact that the management have nigh on three years of visibility in Television and Family, and moreover group profits growth, and don't feel remotely obliged to sell out to any chancer wanting to buy them on a single figure multiple of future earnings.

The brush off they gave to ITV will therefore be interpreted by any other buyer as a brush off, so I think one needs to dispel any notion of corporate activity here, and just instead focus on the growth and valuation, and hope they execute well. Obviously their largest shareholder has confidence in their ability with regard to the latter

raffles the gentleman thug
14/9/2016
11:09
At least on the surface raff,you have? changed your tune on itv?
joeall
14/9/2016
11:06
If anyone wanted to mount a takeover, these prices would be a bargain from which to build a position.
tini5
14/9/2016
11:00
Yep the very same ITV trading on a 20% premium to ETO, showing almost zero growth in production and group profitability, in which directors have just dumped between a fifth and a third of their entire shareholdings ....
raffles the gentleman thug
14/9/2016
10:53
Almost there, will itv be back over two quid before these dip below it?!
spoole5
14/9/2016
10:43
You are completely right werty5, and my comments were a little misleading, but it has a public service mandate which in my opinion - and indeed that of Michael Grade - is not being adhered to here.

It will be interesting to see what happens to Designated Survivor, and what someone will pay to deliver the next box set to a global audience

raffles the gentleman thug
14/9/2016
10:36
Is channel 4 run on tax money? Not saying your wrong but always thought it earned its keep through adverts.
werty5
14/9/2016
10:32
Well you only have to look at the lunacy in this country and see two public sector broadcasters outbidding each other by a huge margin with tax payers' money to get a cookery show with no presenters, to understand content is king here.
raffles the gentleman thug
14/9/2016
10:26
Think what I like about it is that multiple providers are looking to make a deal. Bodes well for eOne.
tini5
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