Eros Share Discussion Threads

[smurfy2001] 17/11/2015 14:37

Eros International Plc Reports Second Quarter Fiscal Year 2016 Results

Six Months Ended September 30, 2015

Revenues increased by 56.2% to $148.8 million, compared to $95.3 million in the prior year period.
Currency comparable revenues increased by 81.5%.
Adjusted EBITDA increased by 116.7% to $47.6 million, compared to $22 million in the prior year period.(1)
Net income increased by 751.5% to $14.8 million, compared to $1.7 million in the prior year period.

[soul limbo] 17/11/2015 13:59

Receivables are up again

and surprise surprise cash is $26m lower

it supposedly had its best quarter ever yet once more produced no free cash flow.

[yorkie52] 17/11/2015 13:57

Results out. As expected pretty good!

[yorkie52] 17/11/2015 11:34

I know that hpcg. As michael156 says its a matter of trust. But also as they have built it from scratch since 1977 they have huge experience and knowledge of the industry. I am not saying that there may not have been dubious arrangements in the past but governance is much tighter now than it ever was.

[hpcg] 17/11/2015 07:40

yorkie52 - this isn't a family company, it is a public company of which you are part owner.

[soul limbo] 16/11/2015 21:40

market will be looking keenly at the receivables and the net cash flow. If that is the same old, same old......

[michael156] 16/11/2015 21:24

They rely strongly on family ties in business over there because of trust... I just hope that our trust in the company hasn't been misplaced... I am still holding, Big day tomorrow - Good luck to all

[yorkie52] 16/11/2015 20:51

Isn't it human nature if you have built, as a family, a successful business to keep the family ties going? Some of the most successful companies are family owned.

[foot in mouth] 16/11/2015 20:23

Soul, have you closed your short yet? results tomorrow are going to be EXCELLENT IMHO and this is going straight back to $35 a share.

[soul limbo] 16/11/2015 20:08

the above should be read with this playing in the background :

[soul limbo] 16/11/2015 20:07

Spider's web of nepotism.

[yorkie52] 16/11/2015 19:59

Sudden spike! Here we go, the shorts getting out before excellent results tomorrow and hopefully the company announcing they have employed lawyers to investigate the unsubstantiated, malicious and inaccurate claims by alpha exposure and others

[foot in mouth] 16/11/2015 16:19

Someone is showing faith - perhaps an acknowledgement that everything is not as bad as it seems?

hxxp://www.financialmagazin.com/driehaus-capital-management-llc-increased-eros-international-plc-nyseeros-by-11-29-million-as-shares-rose/


Richard Driehaus increased its stake in Eros International Plc (NYSE:EROS) by 838.23% based on its latest Q3 2015 regulatory filing with the SEC. Driehaus Capital Management Llc bought 418,209 shares as the company’s stock rose 6.88% with the market. The hedge fund run by Richard Driehaus held 468,101 shares of the movies and entertainment company at the end of Q3, valued at $12.73M, up from 49,892 at the end of the previous reported quarter. Driehaus Capital Management Llc who had been investing in Eros International Plc since many months, is probably bullish the $426.63M market cap company. The stock is up 3.25% or $0.23 after the positive news, hitting $7.31 per share. About 429,625 shares traded hands. Eros International plc (NYSE:EROS) has declined 59.03% since April 14, 2015 and is downtrending. It has underperformed by 55.55% the S&P500.

Driehaus Capital Management Llc, which manages about $12.71 billion and $2.77 billion US Long portfolio, decreased its stake in Consumer Staples Spdr (XLP) by 300,377 shares to 174,623 shares, valued at $8.24M in Q3, according to the filing. It also reduced its holding in Baidu Inc (NASDAQ:BIDU) by 83,759 shares in the quarter, leaving it with 3,563 shares, and cut its stake in Altera Corp (NASDAQ:ALTR).

[lonrho] 16/11/2015 12:13

Eros just announced results out before US market opens tomorrow conference call 8.30 am eastern time, they say they look forward to updating the market, doesn't sound like they're going to admit to anything dodgy.

[blusteradjuster] 15/11/2015 16:30

The twitter account that "first broke" the Eros accusations reads like zero-hedge on steroids.

Hysterical, bearish, anti-establishment, right-wing.

[smurfy2001] 13/11/2015 19:10

Stock transfer update for anyone interested:

Eros stock has now been removed from III, just waiting for it to appear on my IWeb account.

[eurofox] 13/11/2015 19:08

how many law firms does it take to change a light bulb - oh, no, they don't have those at eros!

[smurfy2001] 13/11/2015 18:05

As part of the NYSE IPO process in November 2013, the Company's entire film library, and not just the new release slate tables, went through full due diligence in which each and every agreement was vetted. This same process was repeated for the follow-on equity offering in July 2014. Every year when the Company files its Form 20F, the Company and its auditors review the entire slate for that particular year. Further, the Company has never claimed to produce all the films it releases. The Company’s disclosures clearly demonstrate that it co-produces or acquires films for distribution. All these filings are available on the SEC's EDGAR database as well as on the Company's website.

[soul limbo] 13/11/2015 17:45

Eros: Is The Game Finally Over? We Think So

Nov. 13, 2015 12:29 PM ET | About: Eros International Plc (EROS)
Disclosure: I am/we are short EROS.

Summary

Management avoided releasing a movie list until the stock dropped 30%. They provided a list of distributed films that had fewer films on it than they have previously publicly disclosed.

34 films, or 26% of the films in management’s list, were theatrically released prior to the fiscal year indicated. One additional film has yet to be released.

Based on public data sources, Eros appears to have overstated theatrical revenues by at least 116% and 49% during the fiscal years 2015 and 2014.

We now believe there is irrefutable evidence that the company’s theatrical revenues are substantially below what it has reported.

Eros released a statement and a film list yesterday in response to repeated investor questions. We believe that the film list definitively proves that Eros has been misleading investors. We believe, now more so than ever, that the company is a scam and that the equity is worthless.

[eurofox] 13/11/2015 16:29

Institutional ownership (as reported by Nasdaq) has increased from 51% to 54% - at least the shares sold by the short sellers are going somewhere useful - who might actually sort the management out

[soul limbo] 13/11/2015 15:30

Alpha Exposure ‏@alpha_exposure 2m2 minutes ago

$EROS - next seeking alpha article submitted. Let's hope for quick approval.

[eurofox] 13/11/2015 15:19

this is why the bonds will be useful - in extremis, the bond holders will take all the assets

[smurfy2001] 13/11/2015 15:15

Institutional ownership (as reported by Nasdaq) has increased from 51% to 54%.


Institutional Ownership 54.11%
Total Shares Outstanding (millions) 32
Total Value of Holdings (millions) $154