Entertainment One Share Discussion Threads

[masurenguy] 05/4/2018 08:33

Boost for Entertainment One as Chinese children tickled pink by Peppa Pig

Peppa Pig, the animated television show for children, has found a new audience in China with more than 45 billion views on Chinese video on demand platforms. The London-listed Entertainment One, the majority owner of the children’s cartoon franchise, said in a trading update that the show “continues to perform well in mature markets such as the UK and Australia, with significant demand for licensed products in China driving further growth in the period”.

Complete article:

[masurenguy] 04/4/2018 07:27

RNS Number : 7144J
Entertainment One Ltd
04 April 2018

Trading Update

Entertainment One Ltd. provides the following trading update on the Group's performance for the year ended 31 March 2018.

Highlights

-- Strong underlying EBITDA performance: continued momentum in Family and Television, with an improved second half performance in Film and realised cost savings

-- Integration of the Film and Television Divisions progressing well, with the appointment of Mark Gordon as Chief Content Officer following the acquisition of the remaining stake in The Mark Gordon Company

-- Year-end adjusted net debt is anticipated to be under 2.0x underlying EBITDA, following the acquisition of the remaining stake in The Mark Gordon Company

-- Performance for the year has been in line with management expectations, consistent with trends highlighted in the Interim Results

Darren Throop, Chief Executive, commented:"Once again, Entertainment One has delivered a robust performance for the year with great momentum in both Television and Family. The repositioning of the Film business is progressing on track and we are well-placed to put a greater emphasis on a production model supported by strong content relationships. The recent acquisition of the remaining stake in The Mark Gordon Company represents a major milestone for the Group, creating financial and strategic opportunities as we bring the Film and Television Divisions together into a single operating division. With top-tier new talent relationship opportunities coming to eOne, Mark Gordon's creative leadership further strengthens the Group's position in the creative industry. Management anticipates that the full year performance for the Group to 31 March 2018 will be in line with its expectations."

The Group expects to announce its results for the year ended 31 March 2018 on 22 May 2018. The Group will be adopting IFRS 15 - Revenue Recognition from 1 April 2018 and will provide further information on the impact of this adoption when it reports its Full Year Results.

Full Update:

[masurenguy] 26/3/2018 17:22

FTSE is down by circa 10.5% since the beginning of this year and ETO is down by 12% over the same period so it is just market synergy.

[yf23_1] 26/3/2018 16:54

Everythings falling lately or hadn't you noticed ?

[wins73] 26/3/2018 16:34

Why is this fallling lately?

[masurenguy] 27/2/2018 16:48

RNS Number : 1347G
Entertainment One Ltd
27 February 2018

Result of special meeting

eOne announces that the Company's shareholders have approved the proposed acquisition by Earl Street Capital, Inc., a wholly owned subsidiary of the Company, of the balance of the equity interest of Deluxe Pictures, d/b/a The Mark Gordon Company not already held by eOne (the "Acquisition") at a special meeting of shareholders held at the offices of the Company at 134 Peter Street, Suite 700, Toronto, Ontario, Canada M5V 2H2 at 10:00 a.m. (EST)/3:00 p.m. (GMT) today. Proxies were validly received in respect of 357,567,202 common shares representing approximately 79.6% of the outstanding common shares in the Company eligible to vote on the resolution. Completion of the Acquisition is expected to take place on or around 2 March 2018.

As previously announced by the Company, part of the consideration for the Acquisition will be satisfied by the issue of 10,826,566 new common shares of no par value in the Company (the "Consideration Shares") to The Mark R. Gordon Revocable Trust. Applications have been made for the Consideration Shares to be admitted to a premium listing on the Official List and to trading on the London Stock Exchange's Main Market for listed securities (together, "Admission"). The Consideration Shares, when issued, will rank pari passu in all respects with the existing common shares of no par value in the share capital of the Company. It is expected that Admission will take place at 8.00 a.m. on 5 March 2018.

[masurenguy] 26/2/2018 16:40

Good to see a close again above the 300p threshold on very modest volume, after falling back from the recent high of 323p during the "volatile correction" 3 weeks ago.

[neilsy] 19/2/2018 07:36

Hard to make out from this chinese website but it appears that Peppa pig has had a surge of popularity in china in the last few months after the release of the 5th season.

"Piggy's popularity has risen sharply since October 2017, even rising to 136,000 in December."

"In one year, the total number of domestic platforms has been broadcast Total more than 10 billion times. In an interview with the media, Eunaugh Chen, director of the Entertainment Group at Asia, the authorized unit of "Pig Page," said in a media interview that she had never seen an animated film capable of achieving 10 billion performances a year . Up to now, the "Piggy" Complete Works in Tencent video playback volume has reached 16.45 billion times, the amount of love Fantastic Art also has 11.32 billion times."

"The popularity of "Piggy" is directly reflected in the Baidu Index. Since 2016, the search index of Piggy has gradually increased, reaching a peak after 2017 with the highest search index reaching 160,000 and the average weekly search index at More than 85,000, the popularity is evident."

[melody9999] 15/2/2018 10:01

Unless Darren has a short term need for the cash, then this suggests the company will not be sold anytime soon.

[masurenguy] 15/2/2018 09:21

Looks like you were right KenOne - the shareprice this morning is positively responding !

[masurenguy] 15/2/2018 07:40

Throops sale of 1.35m shares was 13.5% of his holding. He still holds 8.7m shares in the company.

[kenone] 15/2/2018 07:38

Probably why the share price has been a bit down recently. Now those shares have been disposed of, we might start to go back up. Be interesting to see how we open today.

[bulltradept] 15/2/2018 07:21

Director sale today, only a cool 1.3 million shares, so nothing to worry about, yet..

[marles] 09/2/2018 22:55

I can see how Throop plans to double the size of ETO. He will issue endless amounts of new shares until the number of shares in issue have doubled! What a great idea.Concentrate on EBITDA as any amortizing of all that goodwill could be tricky.EBITDA is the new normal for profits it seems...until it isn't.
That said, a large media company may well pounce this year so round about 280 p worth a punt as long as the market does not suddenly start taking a dim view of companies with poor cash flow.

[masurenguy] 09/2/2018 11:00

What do you mean "Nothing to see"? Current price is a good buying opportunity !

[davr0s] 09/2/2018 09:58

You mean we are down 3% when the rest of the market is down 4% this week ? - nothing to see IMO

[masurenguy] 09/2/2018 09:33

Offer now 10p below last weeks placing price to fund the acquisition of the rest of the MGC shares.

[neilsy] 07/2/2018 09:20

Pushing PJ masks hard now:

"Entertainment One secures raft of new broadcast partners for PJ Masks"

"The first episodes from season two have recently premiered in the US and eOne is now gearing up to roll-out the new season to the rest of the world from late February/early March."

"A third series of PJ Masks is now in production."

“The expanding list of broadcast partners now on board is testatment to the show’s universal appeal and soaring popularity around the world.”



"Entertainment One Names New Licensing Partners for Peppa Pig and PJ Masks in the U.S. and Canada"

[neilsy] 03/2/2018 09:59

Rated a buy and take over target in the FT.

[masurenguy] 30/1/2018 10:32

The acquisition of the balance of the Mark Gordon Company seems to have received a positive reaction from the market with the shareprice rising to a premium of 3% over the placing price this morning.

[masurenguy] 30/1/2018 07:38

RNS Number : 2998D
30 January 2018

Results of Placing

eOne is pleased to announce the successful completion of the placing announced on 29 January 2018 by the Company (the "Placing"). A total of 17,475,000 new common shares of no par value have been placed by J.P. Morgan Cazenove ("J.P. Morgan Cazenove"), Investec Bank plc ("Investec") and RBC Europe Limited ("RBC Capital Markets") at a price of 305p per Placing Share, raising gross proceeds of approximately £53m (approximately US$75m). The Placing Price represents a discount of 2.3%. to the closing price on 29 January 2018. The net placing price of approximately 297p per Placing Share to be received by the Company after expenses directly attributable to the Placing represents a discount of approximately 5.0%. to the closing price on 29 January 2018. The Placing Shares being issued represent approximately 4.0% of the issued share capital of the Company prior to the Placing. Applications have been made for admission of the Placing Shares to the premium listing segment of the Official List of the Financial Conduct Authority and to trading on the main market of the London Stock Exchange. It is expected that Admission will take place at 8.00 a.m. on 1 February 2018 at which time dealings in the Placing Shares will commence.

Total voting rights

Following Admission becoming effective, the Company's issued share capital will consist of 449,108,687 common shares with voting rights. Therefore, the total number of voting rights in the Company will be 449,108,687. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

[davr0s] 30/1/2018 07:23

But other than that 305p placing = no great drama

[davr0s] 30/1/2018 07:22

Placings like this rarely get extended to pi's. If your that keen to "participate" you can of course buy the dip today. You may even get them cheaper than the IIs if you are lucky