Entertainment Rights Share Discussion Threads

[viku111] 09/1/2009 10:48

what's with the rise for only a £100 quid odd purchase?

[toptrump] 08/1/2009 20:52

Just a theory!
(Hope its right)

[rochford6] 08/1/2009 19:32

interesting theory TopTrump.If the trades are AT trades then they are switching hands so it could happen i suppose, But if the trades are O trades then they are simply reducing thier exposure i would think

[toptrump] 08/1/2009 19:20

Interesting that some co. are only selling a part of their holding.
?are they selling some of their stock (as the co. stated that they are trying to raise 30M) for less than 1p, with the hope that the money raised will let the co. survive and that they will reap more when they sell their remaining stock down the line for a better price.

[viku111] 08/1/2009 14:17

i'm hoping the latter. at the prices now - the risk's involved is worth the potential gain!!!

[tyranosaurus] 08/1/2009 13:28

I wonder if this is a dead duck waiting to be buried OR an opportunity to make a lot of money ?

Something will have to give soon.

[rochford6] 08/1/2009 07:33

Maybe there is hope yet, genius seems to be sorting out its problems

January 07, 2009 08:08 PM Eastern Time
Genius Products, Inc. and The Weinstein Company Announce Commencement of Genius Products Restructuring Process
SANTA MONICA, Calif.--(BUSINESS WIRE)--Genius Products, Inc. (Pink Sheets:GNPI) and The Weinstein Company LLC ("TWC") announced today that it has commenced a restructuring process beginning with the acquisition by GNPR Investments LLC ("GNPR"), an affiliate of Quadrant Management, Inc. ("Quadrant"), of a 60% ownership interest in Genius Products, LLC (the "Distributor") from affiliates of TWC. Genius Products, Inc. (the "Company") retains a 25% ownership interest in the Distributor, while TWC continues to own a 15% stake in the Distributor. In addition, the Distributor announced that it has renegotiated its distribution agreement with TWC.

This transaction is the first of several anticipated steps in a restructuring of Genius Products. With the assistance of Quadrant, and TWC, Genius Products will continue a series of restructuring activities including changes to its cost structure and renegotiating its existing agreements with vendors and content partners. In addition, The Company is considering a range of strategic and financial alternatives including a recapitalization, refinancing and going private. In recognition of Quadrant's new participation, three of the Company's directors appointed by TWC resigned and will be replaced with representatives from Quadrant.

TWC remains the primary and most significant content partner and the Distributor continues to be the exclusive U.S. home video distributor to feature film and direct-to-video releases owned or controlled by TWC. The TWC Distribution Agreement will remain in place through December 31, 2010 with the mutual option to extend the agreement to December 31, 2011.

"We're happy to have Alan Quasha and his team at Quadrant on board and to be part of this company going forward," said Bob Weinstein, co-chairman TWC. "Quadrant's impeccable track record and leadership, along with their significant music catalog, film library and their new investment in videogames that they are bringing to Genius equals a win for all parties involved. This joint restructuring is another step of refocusing our company and will give Harvey and me more time to concentrate on our movie slate. We look at this as an ongoing partnership and something that will grow in the future."

[rochford6] 08/1/2009 07:04

that latest trading update reads pretty poor to me.Beginning to lose hope on this one.

[wodahsnoom] 07/1/2009 22:02

Apologies, cut off in mid stream (not the first time)

Ignore the following ( as everyone gets all emotional about these things):-
1. Potential income stream from Lone ranger and potential sequels
2. Potential income stream from He Man/She ra (apparently possible film)
3. Foothold in China
4 Presence in America
5. Cost synergies in any takeover

With all the re-structuring/once-off items etc it might be reasonable to think a decent management team could generate 5m pre - tax annually from 2010 onwards. Thats after interest and amortisation.

Pre Tax 5
Interest 10
Amortisation 9
Capital Exp -6

Cash generated 18ml

So if i have 140ml spare I can buy the company for say 1.5p and clear the debt and in cash terms I will have my investment re-paid in 6.5 years approx. Not bad eh? Oh and for all you cynics out there, the items i've ignored might only be worth an additional 2-5 ml a year.

If i'm missing something that might convince me this is not a set up I only hope somebody will put me right.

[wodahsnoom] 07/1/2009 21:49

My tuppence worth - There is no stakebuilding going on because the shareholder structure renders it stupid. An agreement with Hemmings/SVG (assuming they are not actually in talks - big assumption) is the only way it will succeed. Why build a stake and find out you can't do a deal with these two. As a PI I along with the rest of you will be screwed. Take the scenario where ERT is bought for 2p or less - many have said it's not worth much more.

Ignore the following ( as everyone gets all emotional about these things):-

With all the re-structuring/once-off items etc

[rochford6] 07/1/2009 13:17

Viku111

My recent buys have been showing on here and competitors sight as being sells.

[viku111] 07/1/2009 12:55

Well i'm in - not much but only 166583 shares.

At this stage, the downside is minimal (i.e. could do bust and lose everything) compared to the upside so its a risk worth taking. - i do feel the lone ranger which is being talked about alot will play a big part for whoever (out of the 5) is looking to buy this company out.

Having said that however, when i did purchase my shares, it never came up on the buy screens at all. makes you think it'll do the same for others as well.

good luck all.

vik

[torquayturk] 07/1/2009 09:31

Here's my 2p worth.
HBOS have had enough of this lot tripping over each other. They want their money back, hence no longer term financing agreed (doubt very much that it will be either).
Bransgrove and Hemmings have too much to lose to let this one go down especially as fundamentally it is a good business in the right hands.
Non financial point of note - the chairmans job of the ECB (England & Wales Cricket Board)is up for grabs later this spring and Bransgrove is positioning himself as he wants the job IMHO. There would be a large question mark against Bransgrove's judgement if he is Chair of a recently failed PLC.
I would say that the possible takeover talks are for real. This is unlike the talks last spring which were cosmetic as the board had no intention of selling at that time.
As a backstop position (if no acceptable bid is forthcoming)Hemmings will step in and take the thing private or stump up the cash required to keep HBOS happy by means of a share placing. Hemmings will undoubtedly have had contact with SVG as their combined holding would put him in a potition to make a bid for the co.
Stake building could be the reason why the share price has not fallen despite large sales volumes.
Why are some large holders selling/dumping? Because they are simply making a mistake. Dont forget a lot of these fund managers are very young men who have never seen an economic downturn on this scale and would rather escape with some money as opposed to having a holding go phut on them.
Chinese interest? Doubt it. The purchase last week of 9m shares could well be some bod with a Chinese name taking a large punt - total transaction value of only £70k.
If sold or taken private what price could we expect? It would need the agreement of the remaining institutional holders so as a total guess say 5p?
Bransgrove has stated that he is leaving by the co year end ie end Feb (same date that HBOS have given their extension to) and I doubt it will go to the wire so expect some definitive news in the next four weeks.
Good luck to all.

[hotips] 06/1/2009 08:49

Hi Vik

I know that the share price does not give much confidence, but if you consider the recent activity with an all-new board, non of whom one assumes want to join just to go down with the ship, and the fact that this companies assets are IP rights which will revert to their original owners should the whole thing go bust, it would seem that there is a very reasonable chance that the bank will support what they are trying to do, and the company will go forward. Anyone waiting in the wings to shovel up the IP assets from a liquidator will find the rights scattered back to their original owners and therefore the value of a vast library will be lost. IMHO of course.

[waterloo01] 04/1/2009 13:39

I see this as a stock that is - at this point - a pure gamble. It will either go bust shortly (100% downside); will get bought out(might be from far East but we know bid talks are live)or we'll see a major dilution. Potential upside between 0% and....100%/200%/+?. What's the company worth beyond the £125m to cover the debt? Current stock price says £5m.

As always working out a fair valuation a buyer might put on the the different properties, is hard, Anyone want to have a stab at a reasonable number?

[devbod] 03/1/2009 11:09

.

(Sorry, wrong thread!)

[viku111] 03/1/2009 08:15

Hi All,

Been looking and reading up on this share for the past few months but haven't been in a position to invest in this company until now.

With its major debt and deadline coming next month - keeping in mind the recent interest from takeovers etc.., and Friday's 9M purchase from the chinese company - can you please let me know your thoughts of the medium - long term of this company's survival?

does anyone have any thoughts on this?

thanks for your time.

vik

[scrapman] 31/12/2008 08:24

thanks fort that , obviously not inspired anyone , still think Mr Hemmings may have a pop , anyone have any information on the Hemmings investment vehicle/company

[scrapman] 31/12/2008 03:37

I didn't , where was it ?

[hotips] 30/12/2008 13:59

I did. So I guess that makes two of us.

[the troll] 30/12/2008 13:50

no one seen yesterday morning's announcement ?; early stage takeover talks in progress.

[doughboy66] 29/12/2008 09:49

BASIL BRUSH OWNER SEEKS URGENT CASH WHIP-ROUND
Entertainment Rights, the group behind children's
shows including Postman Pat, Basil Brush and Rupert The Bear, is
seeking a capital injection. The group has debts of some 125
million pounds and its market value has crashed from 267 million
pounds in March 2007 to three million pounds on Christmas Eve.
HBOS has granted the group a 13 million pound
short-term loan to cover cash flow issues up to the end of
February. Potential investors include Hit Entertainment, Cookie
Jar Entertainment, Saban Capital and hedge fund Och-Ziff.

[rochford6] 18/12/2008 11:25

I have been expecting a holdings RNS since the 20 odd million share trade on the 11th. Why would nothing have been issued. Could this have been a placing by the company to raise more cash?