ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for charts Register for streaming realtime charts, analysis tools, and prices.

EROS Eros

235.50
0.00 (0.00%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Eros LSE:EROS London Ordinary Share GB00B13JS954 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 235.50 - 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Eros Share Discussion Threads

Showing 9051 to 9073 of 10575 messages
Chat Pages: Latest  363  362  361  360  359  358  357  356  355  354  353  352  Older
DateSubjectAuthorDiscuss
28/8/2013
14:05
aimingupward2 - you cynic! ;o)
speedsgh
28/8/2013
14:00
Any IPO news?
smurfy2001
28/8/2013
13:56
...... and probably what we will hear, if anything, is that the listing has been postponed again due to the weakness of the rupee.
aimingupward2
28/8/2013
13:53
Ah, O.K. Thanks speedsigh. I suspect absolutely nothing will be said today, though, about NYSE listing either in India or here. Just maybe we'll hear something on 28th of next month.
aimingupward2
28/8/2013
12:30
aimingupward2 - See article in post 8854. As I read it the EIML AGM is on 28/8. The EROS AGM will presumably be at end of Sept as in previous yrs. EROS usually release a Notice of AGM rns at the start of Sept to confirm the AGM date.

Confirmation here -
"Eros International Media Ltd has informed BSE that the Nineteenth Annual General Meeting (AGM) of the Company will be held on August 28, 2013 at 3:00 P.M. at The Club, 197 D.N. Nagar, Andheri (West), Mumbai - 400053 to transact the business as listed in the Notice of the said meeting for the financial year ended on March 31, 2013."

Mumbai is GMT +5:30hrs (BST +4:30hrs) so currently c17:00 in Mumbai. If news is released at the EIML AGM re timetable for EROS IPO/re-listing, it ought to leak fairly soon.

speedsgh
28/8/2013
11:45
The A.G.M. was on the 28th September last year. Why did anyone think it was to be on the 28 August this year?
aimingupward2
27/8/2013
09:35
India's economic downturn leaves middle classes fearing the worst

Price rises, the falling rupee and a huge balance of payments deficit have prompted predictions of a full-blown economic crisis

zho
27/8/2013
09:30
thx rivaldo - funnily enough eros has lmost broken even for me! lets see what tomorrow brings.
banking1
23/8/2013
13:37
28 August
Date for the diary



Eros to finalise NYSE IPO by August-end
Wednesday, Aug 14, 2013, 11:45 IST | Place: Mumbai | Agency: DNA
Ashish K Tiwari
Eros International, a leading global media and entertainment company, is likely to finalise its New York Stock Exchange (NYSE) listing plan by this month-end.

The company had filed for an initial public offering (IPO) for $250 million with the US Securities and Exchange Commission in March last year.

Eros International has a BSE-listed subsidiary / associate company called Eros International Media (EIML). The latter's officials could not be reached for comment.

An industry source, however, said EIML is very likely to disclose the NYSE listing details at its annual general meeting on August 28.

In another development, EIML has partnered with YM Movies of music luminary A R Rahman to produce a Hindi feature film which will mark the latter's debut as a film producer.

beep_beep
21/8/2013
14:32
Banking1, normally I'd say that if EROS filed on August 28th, then the actual listing wouldn't happen until at least November and possibly December given the huge paperwork involved.

However, given that EROS have already been through the process once (as we know!) they will already have jumped through a lot of the hoops and prepared the paperwork which will only need updating. I don't know what the minimum period between filing and listing is, if there is one (and I can't be bothered to look it up!), but I'd guess that between 30-60 days might suffice.

SCSW's most recent article about EROS from 2 weeks ago is worth a read:

hxxp://www.scsw.co.uk/article-5268.html

"In the upper echelons of Eros HQ the wheels continue turning, albeit slowly: the company has moved from "monitoring the situation" in June '12 to now being "actively engaged with US advisors in order to conclude its listing on the NYSE this year."

As anticipated results for the year to 31 March themselves were skewed by the depreciation of the Rupee against the dollar. Overall sales were up by 4% at US$215m (+10% constant currency) based on 77 film launches, the same number of films as the year before, but including two big blockbusters (Houseful 2 and Sons of Saardaar). Adjusted pretax profit was 17% lower at US$53.3m for eps of 28.9 cents.

As always the pretax profit is reported after amortising the cost of film production and in 2013 this amounted to US$103m or 47% of sales and up US$15m compared to 2012; everyone forgets this but value is created with the very valuable backlist of films. This is a business where the product never leaves the shelf as you sell the same content in multiple formats (television, video or digital new media distribution) and multiple territories for years to come. In particular, with considerable fanfare Eros has formed a joint venture with HBO that launched two pay TV channels in India during March, HBO Defined and HBO Hits, showcasing both Hollywood and Bollywood content. Against the backdrop of the 141 million cable and satellite homes in India, Eros says this is a potentially "game changing" development. Initially it is launched on Dish and Airtel, which have 39% of the market but rolling out to all big cities/cable operators in due course. Investec's guesstimate is that content fees plus a share of the pay TV net profit has scope to add £14m to profit within three years. Only £0.1m is included in this year's forecast of US$78.2m pretax (eps 78.2 cents).

Eros trades on a PE of 8, against comparables of 10-18x for its peers in the US. Investec set a price target of 393p but we're coming round to the possibility this will get a bid approach before long. Buy."

rivaldo
21/8/2013
09:10
if they finalise listing at the agm - when can we expect nyse listing to be completed - any ideas?
banking1
20/8/2013
12:48
Yep, looks like today is the result of one seller taking profits in a series of trades, so pretty meaningless overall.

Only 8 days before the AGM now.

rivaldo
20/8/2013
12:14
small retrace today before another jump up? looks like we will know more in 8 days! im hoping for £4. 360p would do nicely though!
banking1
19/8/2013
08:28
Sizeable late trades just reported from Friday, including an 80k buy at 266p - looks like around 1.3m shares traded on Friday in total now.
rivaldo
18/8/2013
20:59
Doing nicely already!...20% in 2 weeks......
Again? At last!

Late buying suggests US

napoleon 14th
16/8/2013
17:25
>> ... or could this be a bid coming for the company ...>>

Comment from SCSW a couple of weeks ago: "we're coming round to the possibility this will get a bid approach before long. Buy (at 210p)"

zho
16/8/2013
16:47
I'm wondering is this about the IPO, or could this be a bid coming for the company, the Hollywood boys are keen to get Bollywood and Disney bought out UTV at a huge premium a while back. Either way the shares could easily see £4+ this year.
czar
16/8/2013
15:51
i think we will see over 300p before the 28th august and more if the listing is confirmed
banking1
16/8/2013
15:11
Well done those who have stayed the course. I took some more the other day, seemed a no-brainer, wish i had bought more now of course. At a 52 week high now, good luck all
loafingchard
16/8/2013
14:17
565,000 shares traded already today. I think the volumes alone tell us that something's happening.
rivaldo
16/8/2013
14:05
steady on here, i'm beginning to get giddy!
speedsgh
16/8/2013
11:57
5k just bought at the full 255p offer - only 12 days to go to the 28th August AGM:

hxxp://www.dnaindia.com/money/1874373/report-eros-to-finalise-nyse-ipo-by-august-end

"Eros to finalise NYSE IPO by August-end

Wednesday, Aug 14, 2013, 11:45 IST | Place: Mumbai | Agency: DNA
Ashish K Tiwari

Eros International, a leading global media and entertainment company, is likely to finalise its New York Stock Exchange (NYSE) listing plan by this month-end.

The company had filed for an initial public offering (IPO) for $250 million with the US Securities and Exchange Commission in March last year.

Eros International has a BSE-listed subsidiary / associate company called Eros International Media (EIML). The latter's officials could not be reached for comment.

An industry source, however, said EIML is very likely to disclose the NYSE listing details at its annual general meeting on August 28."

rivaldo
16/8/2013
10:05
look like its time for this to take off! lets hope we see the finalised listing details soon! 350 -400p being cited by some....
banking1
Chat Pages: Latest  363  362  361  360  359  358  357  356  355  354  353  352  Older

Your Recent History

Delayed Upgrade Clock