Entertainment Rights Share Discussion Threads

[humphbumph] 18/3/2008 16:11

Oh no, they've got another one from the same stable, someone who worked for the unsuccessful UK end of a Hollywood Studio, this time in the bloody music business.

[tim2] 18/3/2008 15:50

it means the offer is dead in the water

[nickcduk] 18/3/2008 15:17

Broker forecasts are for 1.1p in earnings.

[53tom] 18/3/2008 15:06

Trading is in line with 'current' expectations.
What are the current expectations?
and where are they quoted?

[sirshagalot] 18/3/2008 14:53

heap of s*ite has gone now some shareholder value
30p !+
also a major investor jumped aboard and kicked ass

[nickcduk] 18/3/2008 14:51

Obviously good news Heap has got on his bike. Bit surprised that talks haven't really progressed any further than the very preliminary stage so far. Would have expected them to have been a lot more advanced than that considering how long ago they were first started. Get the impression that any offer may be too low for the large stakeholders and therefore it might not get off the ground. Trading is in line though which should allow a slight re-rating to take place.

[phillis] 18/3/2008 14:49

Not much of a relief rally yet!

[majja] 18/3/2008 14:43

Oh No, Heap has gone!!! Luv the bit at the end!


RNS Number:3793Q
Entertainment Rights PLC
18 March 2008


Entertainment Rights plc
(the "Company")

Appointment of Chief Executive

Offer Update


Appointment of Chief Executive


The Company is pleased to announce the appointment of Nick Phillips as the
Company's new Chief Executive Officer with immediate effect. The Company also
announces the departure of Michael Heap, the Company's former Chief Executive
Officer, who has resigned as a director of the Company in order to pursue other
interests.


Nick Phillips (44) has spent his entire career in the media sector and was
previously Chairman and Chief Executive Officer of Warner Music UK Limited.
Prior to this, Nick served as Managing Director and Chairman of Universal Music
UK Limited and has a track record of achievement throughout his distinguished
career. He has also served on the board of the British Phonographic Industry and
is currently a non-executive director of I Media-Cast, a Monaco based company,
and Edge Group Limited. No information is required to be disclosed pursuant to
Listing Rule 9.6.13.


Offer update


Further to its announcement on 21 January 2008, the Company confirms that it has
received a number of approaches and is currently in very preliminary talks with
two interested parties which may or may not lead to an offer being made for the
Company. The Company reiterates that there can be no certainty that any offer
for the Company, if made, will be at a level which would receive sufficient
support from shareholders.


Preliminary announcement of results


In light of the above, the Company will release its preliminary announcement of
results for the year ended 31 December 2007 during the week commencing 7 April
2008. The Board anticipates that these results will be in line with current
expectations.


Rod Bransgrove, Chairman of the Company, commented:


"There is no certainty that an acceptable offer will be made for the Company and
the Board remains cognizant of its ongoing fiduciary responsibilities to the
Company's shareholders. The decision to appoint Nick Phillips as Chief Executive
has been taken to ensure that the Company maintains an absolute focus on
delivering shareholder value and in re-establishing shareholder confidence.


In Nick Phillips, we have selected a Chief Executive with a wealth of high level
experience of the media sector and who can provide the leadership qualities and
management skills required to develop and enhance the Company's global presence
as a major media company. We are delighted to welcome him to the Board.


We should like to thank Mike Heap for his significant contribution to the
Company's development during his nine years as Chief Executive and we wish him
every success in the future."


Mike Heap added:


"I have thoroughly enjoyed my nine years as Chief Executive of Entertainment
Rights and wish the Company and its dedicated staff every success in the
future."

[sirshagalot] 17/3/2008 16:52

basils in the news !!!!

[humphbumph] 16/3/2008 23:40

guru/Sy phillis: is it really your opinion that the 350,000 shares were sold by one SMALL p.i.?

Are you saying that the two main holders have been picking up shares from small p.i.s and yet Ashby bought 20m from one or two major holders? You can't have it both ways, can you?


Why don't you please stop wasting everybody's time with your stupid posts?

[humphbumph] 16/3/2008 23:29

Erm, 'it's not in the interests of the bank to rock the ship at present'. WHICH bank, please?

Are you making it up as you go along again, guru?

[theshareguru] 16/3/2008 14:42

to torquayturk
thanks, whats the betting another 350k was bought by svg
The two main holders have worked a very canny game, paying very low prices
on the sales by small pi's., although the 20m bought by ashby must have come
from one or possibly two major holders.
It is there interests for this to drag on, as every day a tree shake gives
them the opportunity to pick up more at around 8p.
For me I hold, knowing that it's not in the interests of the bank to rock the ship at present, and I am sure that all will be sorted one way or another very
soon.
One you look at the charactors they have which are to many to list, and the price there mercandise costs, even with a recession in the wind, kids will
always get presents, and tv always needs programmes ect.

[torquayturk] 14/3/2008 13:22

A bit more than that as Strategic Equity Capital (3.07%) is owned by SVG.

[theshareguru] 14/3/2008 09:09

ashby and svg now own 28.93% between themselves

[theshareguru] 14/3/2008 09:05

svg buy another 1m plus, now how surprising, share price has tree shake and in they go again

[rochford6] 13/3/2008 19:59

thanks for the reply, i have had a quick look at the regulaions but it seems to be contradictory, when i have more time i will read it a bit closer as this is the second company in my portfolio that is covered by the takeover panel.

[humphbumph] 13/3/2008 18:18

I really don't have much of a clue except to say that with companies like ERT it is not particularly fruitful to examine buys and sells because firstly we do not actually know which they are (ADVFN allocates them into buy/sell columns on a strictly mechanical basis depending on the time they are reported). Secondly we are not looking at particularly big deals in the overall order of things: there are after all 735 million shares in issue. Personally I think it's slightly more indicative (but of what?) to look at the actual movement of the price.

If there are any offers being made to the board there are strict rules about what can and must or must not be reported,(which is assuming that all the board members can read anything but comics!). If you have the time it is worth looking at the takeover panel's regulations.

[rochford6] 13/3/2008 17:33

Humphbumph - you seem to be clued up on these things, is it possible that the rush of sells this afternoon was people closing thier short positions after a tip of on some news?

pure speculation on my part and maybe even a bit of wishfull thinking but i would appreciate your or anyone elses views.

regards
Roch

[humphbumph] 13/3/2008 17:01

Great news about Heap's options.

His wonderfully inept chairman will doubtless give him more at a far lower price.

[humphbumph] 13/3/2008 16:59

post 2156

What is all that meant to mean, if anything?

[theshareguru] 13/3/2008 16:45

dont give up, small pi's have given up, remember arena leisure , race courses
sportech , pools companies, entertainment rights charactors, need i say more
action will start soon enough, you just have to wait

[majja] 13/3/2008 16:41

that was a big order 1250K at the last minute

[53tom] 13/3/2008 16:11

If it was insiders they would presumably have got out a whole Heap earlier than this --- probably in September if they were in the know.
Interestingly enough Heap had 2 million share options which must be exercised before this November or he loses them altogether, he was sitting on a large fortune of about £400,000 profit, thats gone down to zero at current prices. Mind you thats only a years salary to him.
Lets hope the pain is shared.

[theshareguru] 13/3/2008 16:07

there we are roughly 294k bought

[theshareguru] 13/3/2008 16:03

small pi's selling due to no news, someone will sweep up as they did last time
and the time before.