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ETO Entertainment One Ltd.

557.00
0.00 (0.00%)
22 Nov 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 Shares Traded Last Trade
  0.00 0.00% 557.00 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
557.00 557.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 557.00 GBX

Entertainment One (ETO) Latest News

Real-Time news about Entertainment One Ltd. (London Stock Exchange): 0 recent articles

Entertainment One (ETO) Discussions and Chat

Entertainment One Forums and Chat

Date Time Title Posts
09/3/202013:17Entertainment One, A Whole World of Entertainment!2,764
25/5/201814:29Raised Target Price-
23/11/201611:04ETO19
12/10/201616:27Entertainment One - digital publishing & distribution7,499
25/8/201611:08ENTERTAINMENT ONE WITH CHARTS.16

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Entertainment One (ETO) Top Chat Posts

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Posted at 17/10/2019 17:49 by mip55
PAWTUCKET, R.I.--(BUSINESS WIRE)--Hasbro, Inc. (NASDAQ: HAS) today announced that Entertainment One Ltd. (LSE: ETO) (eOne) shareholders have voted to approve the proposal for Hasbro to acquire eOne in an all-cash transaction valued at approximately £3.3 billion or US$4.0 billion, pursuant to the definitive arrangement agreement between the parties.
Posted at 17/10/2019 10:38 by prettygreen
I believe the vote is today at 4pm GMT. Surprised there's been no rival bid as ETO have a massive library of content ?
Posted at 09/9/2019 09:55 by grantley
If anyone knows - there was mention about the sterling rate. If the takeover is at $4bn which was £5.60 at the time will that be the price or will it be the sterling equivalent at the time the takeover closes e.g if the pound strengthens will the money we will receive per share increase in line? Alternatively was it the other way round and a fixed sterling price per share was agreed which = $4bn at the time but the that dollar takeover total could fluctuate based on exchange rates?

TIA
Posted at 23/8/2019 08:06 by neilsy
And to think 3 years ago itv wanted to buy Eto for 1 billion. They probably could of bought it if they went a little higher.
Posted at 23/8/2019 07:42 by perky77
Good news for ETO holders. This my true story this week
I went to buy on Tuesday in my ISA but couldn't as I hadn't filled in the correct tax form. I filled in the W-8BEN and sent it off, got notification from AJ it had been processed, went to buy yesterday and then realised the W-8BEN form was for US shares not Canadian. So I sent off my NR301 yesterday and was hoping for it to be processed today. Oh well that ship has sailed

I am fairly new so will learn from the signs.

As others have said ....what others look great for a buy out
Posted at 22/8/2019 22:38 by pedr01
PAWTUCKET, R.I. & LONDON--(BUSINESS WIRE)--Hasbro, Inc. (NASDAQ: HAS) and Entertainment One Ltd. (LSE: ETO) (eOne) today announced that they have entered into a definitive agreement under which Hasbro will acquire eOne in an all-cash transaction valued at approximately £3.3 billion or US$4.0 billion.
Posted at 29/4/2019 18:05 by williamcooper104
Agree - have owned ETO since my kids were into peppa angry have long thought that given huge value of content that someone woulf buy them (eg amazon paying over £200m for 22 episodes of top gear)

Anyone know why the share price fell today?
Posted at 11/4/2019 16:15 by eel tamer
And...there it is 2 minutes later.Proposed placing of new common shares to raise approximately £130 million· eOne to acquire 100% of UK-based Audio Network Limited ("Audio Network"), one of the world's largest independent creators and publishers of original high-quality music for use in film, television, advertising and digital media, with streamlined owned rights (the "Acquisition")· The Acquisition enhances eOne's presence in music, a rapidly growing sector, with attractive growth that is complementary to eOne's music, film, television and family brands businesses· Audio Network has an attractive financial profile, including revenue of £29m (growing 13% versus prior year), reported EBITDA of £11m (reported EBITDA margin of 35% margin) and £10m profit before tax, for the twelve-month period ended 30 June 2018 with total gross assets of £18m as of 30 June 2018· Recurring and predictable cash flow from subscription revenue and royalty collections support strong free cash flow conversion of approximately 90% for the twelve-month period ended 30 June 2018· The combined business is expected to create scale, synergies and revenue opportunities across eOne· Key management, including co-founder Andrew Sunnucks and CEO Robb Smith will join the senior management team of eOne's Music business, led by Chris Taylor, and continue to drive execution of Audio Network's strategy and day-to-day operations· Enterprise value of £165m on a cash-free and debt-free basis, represents a multiple of 15x Audio Network's last 12 months' reported EBITDA of £11m as of 30 June 2018· Aggregate consideration of £178m comprised of approximately £165m acquisition of Audio Network and £13m acquisition of cash and cash equivalents net of working capital items, interest, and other transaction adjustments, acquired at completion which is expected on or before 18 April 2019 ("Completion") · Cash consideration to be financed by the proceeds of the Placing (as defined below) of approximately £130m before expenses with the remainder expected to be financed by a debt financing and the issue of Common Shares in eOne to Key Management· Acquisition is targeted to be EPS accretive in the current financial year ending 31 March 2020, including revenue opportunities and cost synergies· Proforma leverage for the Acquisition is targeted at approximately 1.9x as of 31 March 2019, reducing in subsequent yearseOne today announces its intention to conduct the non pre-emptive cash placing of new common shares in the Company to institutional investors (the "Placing") to raise approximately £130m, before expenses, (the "Gross Proceeds"), which represents approximately 6 per cent. of the Company's market capitalisation based on the Company's market capitalisation as of 10 April 2019.Further details of the Acquisition are contained in the separate announcement being made by the Company today. The total fundraise of approximately £191m will be used to fund the aggregate consideration of £178m for the Acquisition, Acquisition fees and expenses, provides balance sheet flexibility for future bolt on acquisitions and general corporate purposes. The fundraise will be financed by the proceeds of the Placing, a £52m term loan provided by JPMorgan Chase, N.A. and the issue of the Subscription Shares equating to approximately £9m. Pro forma leverage for the Acquisition is targeted at approximately 1.9x as of 31 March 2019, reducing in subsequent years.The Placing is not conditional upon completion of the Acquisition. If one or more conditions to the Acquisition are not satisfied and completion of the Acquisition does not occur, the Company's board of directors will consider, in the best interests of shareholders as a whole, whether to retain the proceeds of the Placing to be utilised for other investment opportunities and/or for the repayment of existing debt, or to return some or all of the proceeds pro rata to shareholders (including those who did not participate in the Placing), in the most efficient manner from a taxation perspective, in accordance with applicable law.Details of the PlacingThe Placing is being conducted, subject to the terms and conditions set out in the Appendix, through an accelerated bookbuild (the "Bookbuild") which will be launched immediately following this announcement. J.P. Morgan Securities plc, which conducts its UK investment banking activities as J.P. Morgan Cazenove ("J.P. Morgan Cazenove") and Investec Bank plc ("Investec") are acting as joint bookrunners (the "Bookrunners") and Canaccord Genuity Limited is acting as a lead manager ("Canaccord" and together with the Bookrunners, the "Banks") in respect of the Placing. The Bookbuild will open with immediate effect following this announcement.The price at which Placing Shares (as defined below) are to be placed (the "Placing Price") will be decided at the close of the Bookbuild. The timing of the closing of the Bookbuild, the Placing Price and allocations are at the discretion of eOne and the Bookrunners. The Company intends to place an amount of common shares equal to the Gross Proceeds divided by the Placing Price (the "Placing Shares"). Details of the number of Placing Shares and the Placing Price will be announced as soon as practicable after the close of the Bookbuild and are expected to be announced on 12 April 2019. The Placing is not underwritten.The Placing Shares, when issued, will be fully paid and will rank pari passu in all respects with the existing common shares of no par value in the share capital of the Company, including the right to receive all dividends and other distributions declared, made or paid after the date of issue of the Placing Shares.Applications will be made for the Placing Shares to be admitted to the premium segment of the Official List of the Financial Conduct Authority and to trading on the main market for listed securities of the London Stock Exchange (together, "Admission"). It is expected that Admission will take place at 8.00 a.m. on 16 April 2019 (or such date as may be agreed between the Company and the Bookrunners). The Placing is conditional upon, amongst other things, Admission becoming effective. The Placing is also conditional on the placing agreement between the Company and the Banks not being terminated in accordance with its terms prior to Admission.The Appendix to this announcement (which forms part of this announcement) sets out further information relating to the Bookbuild and the terms and conditions of the Placing. Persons who have chosen to participate in the Placing, by making an oral or written offer to acquire Placing Shares, will be deemed to have read and understood this Announcement in its entirety (including the Appendix) and to be making such offer on the terms and subject to the conditions herein, and to be providing the representations, warranties, agreem
Posted at 11/4/2019 16:13 by eel tamer
Acquisition! Curiously the placing mentioned in the RNS hasn't happened...can anyone explain that?!Entertainment One Ltd. ("eOne" or the "Company")Acquisition of Audio Network Limited-- eOne to acquire 100% of UK-based Audio Network Limited ("Audio Network"), one of the world's largest independent creators and publishers of original high-quality music for use in film, television, advertising and digital media, with streamlined owned rights (the "Acquisition")-- The Acquisition enhances eOne's presence in music, a rapidly growing sector, with attractive growth that is complementary to eOne's music, film, television and family brands businesses-- Audio Network has an attractive financial profile, including revenue of GBP29m (growing 13% versus prior year), reported EBITDA of GBP11m (reported EBITDA margin of 35%) and GBP10m profit before tax, for the twelve-month period ended 30 June 2018 with total gross assets of GBP18m as of 30 June 2018-- Recurring and predictable cash flow from subscription revenue and royalty collections support strong free cash flow conversion of approximately 90% for the twelve-month period ended 30 June 2018-- The combined business is expected to create scale, synergies and revenue opportunities across eOne-- Key management, including co-founder Andrew Sunnucks and CEO Robb Smith, will join the senior management team of eOne's Music business, led by Chris Taylor, and continue to drive execution of Audio Network's strategy and day-to-day operations-- Enterprise value of GBP165m on a cash-free and debt-free basis, represents a multiple of 15x Audio Network's last 12 months' reported EBITDA of GBP11m as of 30 June 2018-- Aggregate consideration of GBP178m comprised of approximately GBP165m acquisition of Audio Network and GBP13m acquisition of cash and cash equivalents net of working capital items, interest, and other transaction adjustments, acquired at completion which is expected on or before 18 April 2019 ("Completion")-- Cash consideration to be partially financed by the proceeds of the placing announced by Company today (the "Placing") with the remainder expected to be financed by a debt financing and the issue of Common Shares in eOne to Key Management-- Acquisition is targeted to be EPS accretive in the current financial year ending 31 March 2020, including revenue opportunities and cost synergies-- Proforma leverage for the Acquisition is targeted at approximately 1.9x as of 31 March 2019, reducing in subsequent yearsIntroductioneOne today announces that Entertainment One UK Holdings Ltd, a wholly owned indirect subsidiary of the Company, has entered into a share purchase agreement to acquire 100% of the shares of Audio Network for an aggregate consideration of approximately GBP178m, including cash and cash equivalents net of working capital items, interest, and other transaction adjustments, acquired at Completion, of approximately GBP13m.The consideration will be satisfied by the payment of approximately GBP169m in cash and by the issue of eOne common shares (the "Subscription Shares") to key management shareholders ("Key Management") of Audio Network on Completion, equating to approximately GBP9m.Key Management is restricted from disposing of any of the Subscription Shares for twelve months from the date of Completion (the "Lock-In Period"). This lock-in undertaking is subject to customary exceptions and a material reduction in share price. The sale of any remaining Subscription Shares during the Lock-In Period (under an exception) or for twelve months following the Lock-In Period is subject to orderly market arrangements.The total fundraise of approximately GBP191m will be used to fund the aggregate consideration of GBP178m for the Acquisition, Acquisition fees and expenses, provides balance sheet flexibility for future bolt on acquisitions and general corporate purposes. The fundraise will be financed by the proceeds of the Placing announced today to raise approximately GBP130m before expenses, a GBP52m term loan provided by JPMorgan Chase, N.A. and the issue of the Subscription Shares equating to approximately GBP9m. The results of the Placing are expected to be announced on 12 April 2019 and shares allotted under the Placing are expected to be admitted on 16 April 2019. Pro forma leverage for the Acquisition is targeted at approximately 1.9x as of 31 March 2019, reducing in subsequent years.The Acquisition is not conditional upon the completion of the Placing or the debt financing. If the proceeds of the Placing are received but the Acquisition does not complete, the directors of the Company will consider, in the best interests of Shareholders as a whole, whether to retain the proceeds of the Placing to be utilised for other investment opportunities and/or for the repayment of existing debt, or to return some or all of the proceeds pro rata to Shareholders (including those who did not participate in the Placing), in the most efficient manner from a taxation perspective, in accordance with applicable law.Background to the Acquisition and description of Audio NetworkAudio Network is a UK based independent creator and publisher of original high quality music for use in film, television, advertising and digital media, with streamlined owned rights. It derives revenue from sync licensing, approximately 60% of which is annual subscription based revenue, and publishing royalties, generating highly recurring and predictable cash flow. Audio Network is creatively led and data-informed, mixing human curation and music supervision with automation to build search and discovery capabilities. Its premium, diversified music catalogue of over 150,000 owned tracks and over 16 new album releases per month, is monetised by its predictive data informed sales model and advanced content management system. Audio Network also benefits from its longstanding partnerships with more than 1,000 known and emerging artists and renowned composers, and impressive roster of large high-profile companies with over 30,000 customers across 130 countries. Audio Network has approximately 140 employees across 9 offices worldwide.Strategic rationaleThe Board believes that the Acquisition is in line with the Company's strategy to create, own and control high quality content. The Acquisition enhances eOne's presence in music, a fast-growing sector with attractive growth that is complementary to eOne's existing music, film and television businesses. The Acquisition brings together two talent-focused organisations that share a commitment to being artist-first and platform agnostic.The combined business is expected to create scale, synergies and revenue opportunities across eOne. With nine offices and teams around the world, Audio Network brings longstanding partnerships with more than 1,000 artists and composers to eOne to benefit from the Group's record label services and extensive film, television and brand capabilities. The integration of Audio Network further generates sync placement opportunities for eOne's commercial artists. Additional revenue opportunities including developing sync and royalty streams through eOne's film, television and family brands businesses.Under the leadership of eOne's Global President of Music, Chris Taylor, co-founder Andrew Sunnucks will continue in his role as Chairman of Audio Network, and the existing executive management team under CEO Robb Smith will remain in place.Financial benefitsThe Board believes that the Acquisition will be financially beneficial to the Company and will add value for Shareholders through:-- strengthening the Company's growth, margin and free cash flow profile by scaling eOne's Music business combined with Audio Network to annual revenue exceeding GBP75m proforma as of 31 March 2018-- generating additional revenue opportunities and cost synergies through integration of Audio Network with eOne; and-- Acquisition is targeted to be EPS accretive in the current financial year end 31 March 2020, including revenue opportunities and cost synergiesCommenting on the Acquisition, eOne's Group Chief Executive, Darren Throop, said:"As we continue to unlock the power and value of creativity for artists, we are very pleased to welcome Audio Network, whose passionate management team and ambition align with ours. The combination of eOne's front-end commercial artist catalogue and Audio Network's premium diversified music catalogue creates a one-stop solution for business customers seeking high-quality music"
Posted at 19/10/2018 16:06 by masurenguy
I have been gradually liquidating my residual position in ETO over the past 3 weeks and today I sold my final tranche in order to complete my exit. With today's share sales, my overall average exit price over the past 3 weeks was 417p.

I have been an investor here for 8 years having bought my first tranche on 30 September 2010. With additional investments, and participation in the rights issue a couple of years ago, my average share cost price was just below 100p so this has been just over a 4 bagger for me over that period.

It's been an interesting ride with Marwyn selling their 20% stake 3 years ago to CPPB, followed by ETO taking a larger stake in Peppa Pig and the subsequent placing and rights issue, which saw the shareprice crash down to circa 140p in early 2016. However my perseverance paid off and over the following two and a half years the shareprice more than trebled from that low point, including the 50% rise over the past 12 months.

Seems a little strange to finally be out of ETO, which was one of my top two largest holdings for several years but there is always a time to take profits and move on. I think there is still further mileage for the shareprice but I am becoming a bit concerned that we are close to a market top and this could be compounded by various other factors such as Brexit, Trump and trade wars with China. Consequently, I have been decreasing my exposure to equities and increasing my cash position. As a result, I'm now 60% in cash and 40% in equities and will probably increase that ratio to 75/25 by early next year.

Having now exited ETO completely, I wont be updating this thread any longer but I would like to wish all current shareholders good luck going forward.
Entertainment One share price data is direct from the London Stock Exchange

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