Entertainment One Share Discussion Threads

[tomps2] 21/11/2017 15:18

Video of this morning's ETO analyst presentation: H1 results



25 mins

Entertainment One (ETO) CEO Darren Throop and CFO Joe Sparacio present the company’s 2017 interim results.

Darren Throop, CEO
Highlights – 00:38:00
Strategy and divisions – 02:44

Joseph Sparacio
Financial review – 18:12
Summary: 24:27

[volsung] 21/11/2017 12:10

Yay over 300p.

[1gw] 21/11/2017 09:38

I've sold just over 1/2 my holding at (fractionally under) 300p. It feels like it's had a good run and I've been puzzling over the prior period restatements (non-compliant forward currency contracts and classification of investment spend in particular) - wondering if these will attract any analyst comment in due course.

[davr0s] 21/11/2017 08:22

Who knows. At least we haven't had a post results lurch down like some other shares are experiencing this morning. I shall be delighted if we end up closing where we are today

[1gw] 21/11/2017 08:14

Thanks for posting that Tomps2. DT sounds pretty upbeat. If he can pull off a good analyst call this morning I wonder if the shareprice might have another look at 300p.

[tomps2] 21/11/2017 08:06

Entertainment One (ETO) Darren Throop, CEO, talks through their interim results.



c. 3 mins

H1 results overview – 00:19
Strong performance in Family and Television – 00:37
Reshaping the Film business – 01:34
A dynamic market place – 01:54
Summary & Outlook – 02:30

[masurenguy] 21/11/2017 07:54

Highlights !

HALF YEAR RESULTS (UNAUDITED) FOR 6 MONTHS TO 30 SEPTEMBER 2017.
ROBUST FIRST HALF PERFORMANCE, FULL YEAR ON TRACK

FINANCIAL HIGHLIGHTS

-- Group reported revenue stable at £396m 2016: £401m), with strong growth in Family and Television offsetting lower performance in Film
-- Group reported underlying EBITDA up 36% at £51m (2016: £38m), driven by revenue growth in Family and Television and lower costs in Film £24m), Group reported profit before tax £0.80m (2016: £2.5m loss)
-- Adjusted diluted earnings per share of 4.8p per share (2016: 2.6p per share)

ALLAN LEIGHTON, ChAIRMAN, commented: "Entertainment One has delivered a strong set of Group results for the first half of the financial year and has made significant progress in reshaping the Film/Television business to reflect the evolving entertainment market. I thank Margaret O'Brien for her contribution to the Board, as she moves into an expanded operational role, and welcome Robert McFarlane and Michael Friisdahl as new independent non-executive directors with the significant experience that they bring to eOne."

Darren Throop, Chief Executive OFFICER, commented: "We are pleased to be able to report very robust first half performance which includes strong growth in the Family Division, strong performance in the wider Television Division, including The Mark Gordon Company, and lower operating costs and improved gross margins in Film which have driven strong growth in Group underlying EBITDA. The Group's strategy to invest in content continues to bear fruit and the entertainment market's focus on quality content plays to Entertainment One's strengths ensuring that the Group is ideally positioned for the future, as illustrated by the increase in the underlying library valuation from US$1.5bn to US$1.7bn at 31 March 2017. The period ahead is an exciting one. The Television business has 82% of the full year's expected margin already committed or greenlit; the Family business is underpinned by exceptional performance from Peppa Pig and PJ Masks; and the Film Division continues to focus investment on new partnerships to reshape the business. As such, the Group remains on track to deliver full year financial performance in line with management expectations."

[zedman_1] 20/11/2017 14:01

Half yearly results tomorrow.

[owenski] 19/11/2017 10:35

Wouldn't be surprised to see this come into play again for TO approaches.

Meanwhile, the chart speaks.

[thewheeliedealer] 15/11/2017 00:34

Hi everyone, pretty much every Sunday I do a Blog on a few Charts and stuff and this Week I covered ATH Breakouts and what they mean. Anyway, a Stock that I included is ETO cos it looks really promising - you can read the Blog here:



I hope you like it, cheers, WD

[volsung] 08/11/2017 10:37

Nice indeed!

[1gw] 08/11/2017 10:25

Well at the risk of giving it the kiss of death, it's great to see the shareprice having a good look at 300p...

[neilsy] 02/11/2017 17:12

Flip side of the coin Peel Hunt hold to 240.

"Entertainment One Group (LON:ETO) had its target price hold steady to 240.00GBX by Peel Hunt in a report released 11/02/2017. The new target price indicates a possible downside of -0.15% based on the company's last stock close price."

[robow] 31/10/2017 12:39

Good find Neilsy

[neilsy] 31/10/2017 12:07

"Citigroup bumped up the target of Entertainment One Group (LON:ETO) to 340.00GBX stating a potential upside of 0.20%.

Previously on 10/06/2017, JP Morgan Cazenove reported about Entertainment One Group (LON:ETO) raised the target price from 269.00GBX to 331.00GBX. At the time, this indicated a possible upside of 0%."



340 I like the sound of that.

[fozzyb] 25/10/2017 19:30

Read this earlierhttp://www.telegraph.co.uk/business/2017/10/25/apple-appoints-channel-4s-bake-raider-jay-hunt-lead-charge-british/Surely even greater competition for content from Apple can only push up demand and thus pricing for ETO?

[neilsy] 20/10/2017 15:01

Interesting interview with Mark Gordon. So both Sky and ITV were interested in buying into the Mark Gordon company before Eone grabbed it.


"You came very close to closing a similar deal with Sky instead of eOne. What went wrong?

Literally 10 days before we were supposed to sign a deal, they withdrew. It was really crushing. The woman who championed the deal, Sophie Turner Laing, was going to leave Sky, and Sky was combining Sky Italy and Sky Germany. [Then] I had meetings with everybody: I had meetings with ITV; I had meetings with Fremantle. And one of the people I met was Darren Throop, who's the CEO of eOne, and he was really interesting and smart, and he really understood our business. Twelve weeks from the time I met Darren, we closed the deal."

[masurenguy] 19/10/2017 14:51

There is some inevitable profit taking after a 30% rise in the shareprice over the past 17 weeks. I also top sliced 30% of my holding recently but will retain the 70% balance going forward.

[traderdom91] 19/10/2017 14:39

Break out seems to be stuttering today. Hopefully bounce back tomorrow.

[volsung] 18/10/2017 15:23

Seems to be breaking out. Added a few. Grand daughter loves Peppa

[neilsy] 17/10/2017 06:52

Deal with Merlin for Peppa Pig attractions outside the UK.



"Merlin expects to open in-park areas in two Resort Theme Parks in 2018 and it is expected the first standalone attraction will open in 2019."

[neilsy] 09/10/2017 06:58

"Peppa Pig gains new partners as eOne strengthens licensing offering"

"Entertainment One is continuing to strengthen its flagship pre-school brand Peppa Pig with a slew of new licensing partners and deal renewals that will enhance the consumer products program, further extending Peppa Pig’s retail presence in the UK."

"surging sales set to be supported by a heavyweight marketing campaign for the range. The licensee expects to see this success continue into 2018 and beyond."

[masurenguy] 07/10/2017 13:03

The Times comment today: "JP Morgan Cazenove is a fan of Peppa Pig. The porcine children’s character is the best-known property of Entertainment One, shares of which rose 11½p to 282½p after a positive note from the broker. This is no reflection of the ages of the team there; instead, they think that the company will benefit from “significant price inflation” in the sort of content it produces."

[owenski] 07/10/2017 10:57

Breakout of the past years 250 resistance, so looks like a bit of momentum behind this.

Today's Times had a mention of broker recommendation, no other details given.

[suetballs] 07/10/2017 09:24

Gonna stick with this for the time being - good to be back in profit albeit small.
Suet