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Real-Time news about Indian Film (London Stock Exchange): 0 recent articles
|kenmitch: The bidder holds so many already - so they may well get away with this bid at a far too cheap price. Pity I hold these and didn't switch to Eros after their good news yesterday.
I had hoped that the rising share price was hinting at other bidders but the fall today makes that less likely. In these bid situations the market seems to get it right far more often than not.|
|bardfield1: Can't see how the Board can recommend sale at 40p when the share price is closer to 45p, offer must be increased.|
|mali7: NAV is above £1.
Although share price increase could be good, it could be just short-sellers having to cover their postions, that is pushing up the price a bit now? Any thoughts? I wonder what the company would recomend?|
|bardfield1: Share price rising above the offer price, does this mean that there is going to be a counter offer ?|
|mali7: With the share price pushing forward, will there be a pressure on the bidder to increase their bid?|
|stegrego: What a bloody offer for the company - 40p the cheeky robbing basts! 1.2% higher than yesterdays close!!
They say its to let 'short term' investors exit. WTF...
If they get more than 50% but less than 75% they say they will stay listed...
Over 75% and they say they might delist...
'Indian Film Company Shares have witnessed a lot of pressure on prices in recent
times. Although the share price saw an increase following publication of The
Indian Film Company's results for the year ended 31 March 2009, it subsequently fell back. Whilst there has since been a further increase, this has been on the back of very thin volumes and Network 18 Holdings believes that this is an strong indication of the regular downward pressures on the value of Indian Film Company Shares. Whilst one reason for this is certainly the current unfavourable market conditions and the current global situation, Network 18 Holdings understands that some investors are concerned at the share prices being consistently lower than the net asset value of The Indian Film Company.
While share prices directly do not affect The Indian Film Company's operations, they do affect the liquidity, market capitalization and future capital raising plans.
Network 18 Holdings believes that the Offer provides an opportunity for some
short-term investors, who are under pressure, to exit at a reasonable price.
Simultaneously, Network 18 Holdings believes that such a clear manifestation of its long-term commitment to The Indian Film Company will be welcomed by
What a croc.
They are trying to steal peoples shares.
I guess this would work ok if they only got a tad over 50%, as they would keep the listing.
They arent having my shares for 40p though unless its a last resort!!|
|gdasinv2: The Indian Film Company Limited
("IFC" or the "Company" or the "Group")
Final results for the year ended 31 March 2009
The Indian Film Company (AIM:IFC), a specialist investment company dedicated to
the Indian film industry, is pleased to announce its first set of full year
results for the year ended 31 March 2009:
* Revenue of GBP40.90m (period ended 31 March 2008: GBP11.45m)
* Net profit increased by 98.5% to GBP3.89m (period ended 31 March 2008: GBP1.96m)
* Earnings per Ordinary Share increased to 7.07 pence (period ended 31 March 2008:
3.56 pence per Ordinary Share)
* Net Asset Value increased by 17.8% to 117.32 pence per Ordinary Share (2008:
99.59 pence per Ordinary Share)
* The Group's film projects had a carrying value of GBP52.06m at the year end.
SO IN THIS CONTEXT AND COMAPRE TO EROS, THE SHARE PRICE IS VERY CHEAP...........AT THIS LEVEL|
|bardfield1: I suspect if performance has been good that there will be a dividend, given that two "shareholder value" directors were leveraged onto the board earlier in the year.
Share price could recover significantly if so.|
|nurdin: Brokers have pencilled in a divi of 2.3p for the year to March 2009 (7.7% yield at 30p),which is forecast to rise to 4.4p in 2010(14.6%).With recent actions by some hedge funds IFC darent cut the divi...infact I half expect them to give a special divi to appease the share holders.
There is also a significant scope for capital growth as the stock is trading on forward pe of just 1.68.A rerating during the year to even 5x 2010 earnings could see the share price appreciate to 86p :o)|
"IFC Requisition Grp Thursday 22 January, 2009
7:00A - Statement to IFC Shareholders
Communication to the Shareholders of
The Indian Film Company ('IFC' or 'the Company'))
From the information in the letter of 12 January 2009 from Shyam Benegal to IFC shareholders ('the Letter') issued by IFC and the IFC Requisition Group ('IFCRG') announcement of 16th January 2009 (see below), it may appear to those not involved in discussions that have been taking place that IFCRG's actions are unnecessarily hostile. Whilst the position of IFCRG remains firm, it is important for all shareholders to understand IFCRG's position and the history behind the EGM and why IFCRG was left with no sensible alternative to protect its investment in IFC and seek to achieve an appropriate and liquid share price.
IFCRG had sought to communicate directly to IFC's shareholders so that they could have a full understanding of IFCRG's requisitioning of the EGM. In the past two weeks a member of IFCRG has twice requested from the Company, as it is legally entitled to do, a copy of the most recent IFC share register. So far, IFC has not complied with this straightforward request. IFCRG considers that IFC's inaction is certainly not in the best interest of IFC shareholders. IFCRG seeks that IFC provide IFCRG with the information it has requested forthwith.
IFCRG is disappointed with the stance taken by IFC in obstructing IFCRG's efforts to ensure investors are able to consider and vote on the Resolutions at the EGM on the basis of a full understanding of the position......"|
Indian Film share price data is direct from the London Stock Exchange