Entertainment Rights Share Discussion Threads

[joey wilson] 18/6/2008 15:29

Next stop 5.5p.

Might be worth topping up then just to get out of this pile of pants when the price bounces.

JW

[53tom] 18/6/2008 11:24

I assume that its a formality for the resolutions to be agreed at the AGM, since they were probably discussed and ok'd with major institutional investors when the idea was first considered.
If 66% of shares are held by institutions/ directors, then that leaves 34% in general circulation. If ERT then buy up to a third of these I should think it will have a positive effect on sp, or at the very least underpin the share price

[53tom] 18/6/2008 11:03

I agree hotips - Have you looked at the special resolutions to be passed at the agm, its on their website. The company are asking for authority to purchase its own shares (up to a maximum of 72,253,715 ie 10% of share total)at a minimum price of 5p and a maximum price of 5% above the 5 day average before the purchase.
It only makes any sense to me on the following basis:
Using scarce company cash (up to about £5m at todays share price if they achieve full 10%) would require very strong conviction that they think the share price will rise, because of the strength of company trading and/or future newsflow.
So that is a positive indicator, I believe.

[hotips] 18/6/2008 10:29

With careful pruning of the library and some good news at the AGM, I think there's plenty of upside to this company.

[53tom] 18/6/2008 07:07

For what its worth Classic Media paid about $19 million in 2003 for BigIdeas.

[53tom] 17/6/2008 06:24

I agree.
Its a pity ERT didn't get rid of it as soon as they bought Classic Media. Heap should have been more selective and pruned out the deadwood in the Spring of 2007.
Be interesting to see what else is on the cards at the agm.

[wodahsnoom] 17/6/2008 00:03

I'd also say it's not what they might get for "Big Idea" because we all know they overpaid for Classic Media, but if they off load it they get rid of a potential risk of another big time flop - this production company seems to be more interested in pursuing evangelical missions so long as somebody else is picking up the tab - good call to dispense with the equivalent of tree huggers imho

[hotips] 16/6/2008 10:07

At long last, someone who knows how to work this vast library of rights. By selling off some of the less profitable properties they'll generate income and be able to focus on the characters which are meaningful. Heap just kept buying more and more stuff without knowing what he was buying, but this new man is way more in tune with the market. At long last some positive signs of meaningful management.

[highnote] 16/6/2008 08:17

Copy of the article in the Sunday Times

[53tom] 15/6/2008 08:57

Article in Times on Sunday about ERT considering the sale of the Big Idea part of Classic Media.
Phillips should decide before the agm, it says.
Says it is looking to weed out it least profitable assets.

[53tom] 13/6/2008 16:25

SVG increase their holdings yet again.

[hotips] 12/6/2008 12:14

I read somwwhere that Waldo's have been painted on the flat roofs of tall buildings and you can spot them with Google Earth, which sounds like fun!

[53tom] 10/6/2008 17:42

Hotips - I agree re the significant upside and think we will see share price improvement post the agm, with recovery running through the autumn and Xmas.

I looked at the special resolutions to be passed at the agm. They are asking for authority for ERT to purchase its own shares (up to a maximum of 72,253,715 ie 10% of share total)at a minimum price of 5p and a maximum price of 5% above the 5 day average before the purchase. Implies to me that they think the company can make money trading in their own shares from this ludicriously oversold share price and that they have high confidence for the future newsflow and share price

[hotips] 10/6/2008 16:11

I just know that this stock has significant up-side, if the new head man pulls it together and shows the city that there is strong change within the company, backed by some positive deal news. I strongly suspect they're saving their powder for the AGM.

[tonyx] 10/6/2008 15:38

Interesting price action in the end of day auction. Someone placed a 770K odd sell order @ 6.79p which were snapped up at 7.21p.

[joey wilson] 05/6/2008 19:28

Hope you are right.

I thought it was a recovery play from 21p then 15p then 11p then 8p and now 7p. I agree with everything you say but when they can't produce CD's for xmas and when the new man can't organise an AGM how long before institutional investors take this company in their own hands through the appointment of a VC to make a hostile takeover.

JW

I really hope I am wrong

[53tom] 05/6/2008 16:10

While I was really unimpressed with the recent RNS's, I do believe the company should be worth a great deal more, and that the share price will recover with the correct leadership.
The Classic Media purchase was certainly at too high a price and badly timed, what with the Libor rate, credit crunch and general belt tightening.
But, I believe they have a solid business generating reasonable income, which just needs leveraging correctly.
They have the potential to convert film options into actual major US film contracts, any one of which would really boost the share price
The main investors of Hemmings and SVG have consistently put a lot of money in, buying shares, which demonstrates to me that they have faith in the future, and clearly stated that takeover offers below 20p were not viable. They are smart enough not to turn away an offer if they want out.
Nick Phillips review of the business hopefully will be complete by the AGM and he should put shareholders in the picture in order to gain PI and city confidence. If so, then I believe we will see a recovery start over the next months and a healthier share price up to xmas and beyond.
Should be a recovery play.
Well thats my take and approach on the situation.
Good luck

[joey wilson] 05/6/2008 15:42

However how can you mismanage the date for the share holders AGM??

I would love this share to come good. I was wondering also what were the chances of this being bought out (hostile takeover) and then being delisted for as long as it takes to bring this business back to market in better shape? Is this a possibility, therefore my heavy holding is trapped.

JW

[wodahsnoom] 05/6/2008 14:51

Don't get me wrong, I've said before that trading out of this was our best chance and there are early signs of a bit of urgency to do exactly as you say i.e. get the most out of the properties we have. This will need to translate to the bottom line and then we could see a recovery in the share price Said in the true tradition of a supreme optimist!

[hotips] 05/6/2008 14:46

Come on guys! I say let's give this new man a break. The AGM is coming up and they might just pull some rabbits out of their hats (as opposed to the long-suffering shareholders pulling more grey hairs out of their heads....). Let's face it, it's more of a possibility than a satisfactory takeover at this point.

[wodahsnoom] 05/6/2008 14:23

It can go on a long time because Hemmings and directors own more than 20% of the shares. That's why none of the potential "buyers" made an offer because they knew it would not succeed. I suspect they will bide their time for the next 6-9 months and if the share price is still in the doldrums they might stand a chance - imo

[joey wilson] 05/6/2008 08:06

How low can this go before someone makes a hostile takeover approach. The share price has totally collapsed and is not showing any signs of retracing. Are we likely to get any news that will significantly affect this share price

JW

[hotips] 05/6/2008 05:35

Interesting comments. I agree that right now, ER does not have a potential world-wide smash hit on its hands. But what it does have is regular, strong income from a massive range of properties which are generating income through out the world.

Phillips seems intent on working these rights hard, unlike Heap who just kept buying more and more stuff and moving on too quickly, because all he wanted was the glory of the next acquisition. Our new man seems more intent on bedding down and finding out what ER actually owns, then making it work its socks off to generate revenue.

Right now, launching a new property which potentially may or may not deliver, is very risky and hugely expensive. Far better to work your warehouse of rights than to try and put everything into one new project. However, if a strong property comes to the surface and seems to be getting more attention that the others, then ER is well placed to take full advantage.