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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Entertainment One Ltd. | ETO | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 557.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 557.00 | 557.00 |
| Top Posts |
|---|
Posted at 11/6/2019 18:32 by pete160 Something must be going on for these sizeable swings.If nothing else, their investor relations team needs a kick up the behind to let people know of anything is going on. Disappointing also that the directors haven't been filling their boots after the fall.I don't think woody is a shareholder here, certainly not a large one anyway, but there may be another seller or a short seller happy to spread rumours? Unfortunately I can't even console myself with a generous dividend :-( |
Posted at 11/4/2019 17:15 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 19/10/2018 17:06 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. |
Posted at 12/7/2018 10:41 by masurenguy foxeye2 - 2581"Closing price yesterday was indeed slightly higher than it was three years ago"Certainly was and it was also the equivalent of 487p pre-placing and rights issue 3 years ago. But of course that is only relevant to people who bought prior to October 2015. foxeye2 - 2581"a profit is not a profit until you sell the resource and the cash is in your pocket or bank account. Until then 'paper profits' may give you a nice warm feeling, but little else." Gosh, really ! Thank you for educating everyone here with your superior insight into investing. Masurenguy - 2550: I built my stake here in the very early days. Since then I have sold circa 50% of my overall holding (some of those sales are recorded on this thread) since it often makes sense to take some profits off the table and to re-balance a portfolio. My residual holding is currently circa 500% up on my average cost after factoring in the additional discounted shares acquired during the 2015 rights issue and the subsequent dilution from the two share issues in January and February this year. I don't fall in love with any share and if my confidence in the future potential of this company eroded then I would have no compunction in selling the rest of my shareholding. I did a quick check on your prior posts on both this thread and my previous thread. foxeye2 15 Jan '16 - 866: I too am underwater with the Pig, although not to the same degree as alluded to by others, and certainly not as much as the Canadian Pension Plan Board, Capital Research & Management or the M & G Investment Management must be. ETO appears to be little more than a 'gamblers' stock, for those willing to have a punt. Investors meaningful research seems to be almost impossible. foxeye2 26 Feb '16 - 7418: For those 'gamblers' out there, crack on and good luck, but ETO is not currently for investors hoping to make a profit. Closing Price 147p foxeye2 2 Jun '16 - 1359: Real gamblers stock this one, not for serious investors. Closing Price: 175p foxeye2 12 Apr '17 - 229: I would urge individuals to revisit their research into ETO and then make a decision according to their particular circumstances. I have no hidden agenda as I sold out a long time ago, (thank God) but urge others to think for themselves rather than just blindly follow some of the more optimistic posters on this Board.Closing Price: 244p foxeye2 7 June '18 - 2555: No more from me. I spent my entire working life regularly dealing with idiotic people and I have no desire to do so now in retirement, so carry on believing what you will and Good Luck.Closing Price: 332p Last nights close was 382p. Some profit taking this morning has taken it back down to circa 360p. Thank you for your great investment wisdom and insight into this "gamblers stock" over the past couple of years. We are honoured that you can spare a little of your valuable retirement time to educate the "idiotic people" on this thread. We will await, with bated breath, your next piece of patronising advice to all of the foolish and naive PI's who post here ! |
Posted at 07/6/2018 15:59 by mip55 Sorry but while I agree ETO is doing extremely well for us, to state that the share price is at an all time high is misleading ....as a simple glance at any financial providers five year chart will readily reveal. To attempt to factor in dilution is a red herring because the charts, whom any prospective investor will be consulting, do not show it.The fact remains that the share price was x pence five years ago and is x minus a little bit today. One hopes that we will erode the difference sometime in the near future and we CAN say that we are at an all time high! |
Posted at 07/6/2018 14:33 by masurenguy The ETO shareprice hit an ATH today. The CPPB must be pleased with their investment here. This is now up by 45%, based on their subsequent average cost of 230p per share after the subsequent rights issue, after buying their initial 18% stake for 269p from Marwyn Investors just under 3 years ago. If the CPPB had invested in a FTSE 100 tracker fund instead of ETO they would have only achieved a 26% increase over that same timeframe. ETO has proved to be a good investment to date both for them and also for other long term shareholders here. However, the gains for the latter will vary considerably according to their individual investment timeframe. |
Posted at 29/1/2018 20:17 by lancasterbomber Will retail investors be able to participate in the placing? |
Posted at 13/12/2017 09:53 by masurenguy Broker tips: Entertainment OneTuesday 12 December "Analysts at Credit Suisse hiked their target price on shares of Entertainment One, telling clients it was no longer a one pig show, given the rapid growth of its PJ Masks franchise. "The Family business continues to be Entertainment One's fastest growing, most profitable business. The rapid growth of PJMasks should encourage investors as it diversifies the Family business which has previously relied on one show (Peppa Pig)." Following the film and TV producer's first half financials, the Swiss broker lifted its earnings per share forecasts for 2018 and 2019 by 5% and 11%, respectively. In turn, that saw their target price - which was based on a discounted cash flow methodology - for the stock improve 205p to 280p. Some of the other assumptions underlying the DCF valuation were a weighted average cost of capital of 10.4% and a terminal value of 2%, with Credit Suisse specifically stating that EPS revisions were the main driver behind the higher target price. Potentially, there was also upside to be had from the "rebalancing" of the Film unit away from distribution and towards production, because it would allow the company to enjoy the upside from selling the shows it owns globally. However, the broker kept its recommendation at 'neutral'." |
Posted at 13/9/2017 16:12 by 1gw Nearly all AT's though aren't they? Looks like algorithmic / high frequency rather than individual investors taking a punt. I'm not sure the number/size is all that different from yesterday.Yesterday there was a relatively enormous volume traded in the closing auction, at a premium to the previous spread. So let's see if there's big buying on the close again. |
Posted at 12/9/2017 10:02 by bluetooth I'm in the process of moving all my investments to A J Bell following the Debacle of Barclays Smart Investor. I have a holding in ETO and was told that I need to complete a form NR301 as this is a Canadian stock. Does this sound right? |
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