Eros Share Discussion Threads

[speedsgh] 22/10/2013 10:36

UncleOswald - from last week's rns...

"The proposed cancellation of the Company's admission to AIM is currently expected to take place at 7.00 a.m. on the business day following the proposed NYSE listing, which is currently expected to be no earlier than 4(th) November 2013."

[uncleoswald] 22/10/2013 10:33

I assume now that EROS has been deleted from the FTSE AIM constituent index,
and can no longer be traded?
No trades today,and share price stagnant.

[napoleon 14th] 19/10/2013 11:06

If I remember right, the original scheme was
1. Consolidation of 3 old shares into 1 new share.
2. Listing on NYSE of the new shares, priced in US$ of course.

Then any transactions would have to go through a US broker,
& would be in US$, potentially diversifying currencies in PFs.

EROS are still far too nebulous,IMO.
IMO we're onto a winner with this,
but EROS will have to put some flesh on the bones PDQ,
for the sake of clarity to their shareholders.

[uncleoswald] 19/10/2013 08:56

Strange that there has been no upsurge in the share price.
Market seems to have reservations!

[jlo10] 17/10/2013 15:45

Good work Rivaldo
After years of torture I hope I (and others) can at last see a decent gain

[rivaldo] 17/10/2013 15:42

Well, I beat the market with the news :o))

RNS just out:



Pricing yet to be finalised, with the NYSE listing no earlier than November 4th.

I'll be very surprised if the US price isn't rather higher than the current UK share price.

[rivaldo] 17/10/2013 15:29

Looks like the settlement of the US Congress fiasco was the green light - there's a new SEC filing today for EROS' IPO:



No details yet of pricing etc, but it seems that things are on the move.

[speedsgh] 16/10/2013 22:39

A resolution (albeit temporary) of the impasse in the US will hopefully be the green light required to fire the starting gun for the move to NYSE. Still living in hope.

[speedsgh] 15/10/2013 15:14

this is beginning to feel like the party that never happened. maybe they will surprise us one of these days. would obviously prefer a pleasant surprise if at all possible.

[czar] 15/10/2013 15:04

rivaldo I not sure, when I saw this last night I expected a company RNS with dates, indicative prices etc, but nothing today so I reckon this is just a standard stock exchange response to the previous company RNS. We will know soon.

[rivaldo] 15/10/2013 10:28

Indeed czar. I'm unsure whether FTSE's RNS is just something they have to do as a formality or indicative of definite progress. It certainly seems like the process is actually happening now. Only days to find out, that's for sure :o))

[czar] 14/10/2013 18:41

Last chance to get in!

DJ FTSE Eros International PLC

RNS Number : 4837Q

FTSE

14 October 2013

Eros International PLC (UK): Constituent Deletion

Changes In FTSE Indices

14 October 2013

Subject to the expected cancellation of AIM admission for Eros International PLC (UK), FTSE

announces the following changes: INDEX CHANGE EFFECTIVE FROM

START OF TRADING

FTSE AIM All-Share Eros International (UK B13JS95) will be 21 October 2013

deleted from the index.

FTSE AIM 100 Eros International will be deleted from the 21 October 2013

[rivaldo] 14/10/2013 08:19

EROS got a brief mention in this weekend's SCSW, recommending Hold based on the US IPO "coming to fruition and the shares still continue to trade at a yawning discount to US peers".

Grand Masti is now well over 100 crore in India alone, let alone overseas:

hxxp://www.koimoi.com/box-office/grand-masti-makes-228-profit-after-4-weeks-run-at-the-box-office/

And EROS are now releasing it digitally on EROSNOW - should be a moneyspinner:

hxxp://bollyspice.com/69454/eros-now-releases-grand-masti-online

Excerpt:

"Eros Now is the ultimate destination for Indian entertainment offering thousands of movies, music videos and audio tracks on demand. Instantly access online, on tablets and on mobiles through the Eros Now app available for Apple, Android & Amazon devices. Movie & music lovers now have easy & straight-forward access to high quality entertainment in Hindi, Punjabi & Tamil, all ad-free. All you have to do is logon to www.erosnow.com or download our app to enter the world of uninterrupted entertainment – anytime, anywhere!"

[tux223] 10/10/2013 18:29

Current events are outside EROS's control. It would be crazy to try to relist in the USA until the USA resolves its political gridlock and the debt ceiling is raised. If the Democrats and the Republicans find somewhere to bury the hatchet other than in each other, there should be a nice little market rally to relist into. If not, heaven help us.

It'll be fixed withn a week or so, or the world will be in a financial crisis even worse than 2008 (USA in default!)

[polythene] 10/10/2013 16:17

This is by far the biggest let down in my portfolio and I was planning to be out at about £4 soon after float. Breakeven is £1 but a modest enough investment. What bugs me about this company is while we are waiting around neurotically for the correct time to do the float, the possibility of a 'Heaven's Gate' incident continues. Also, I need the money and have a handful of serious winners left in my portfolio which I do not want to sell. Come on EROS FFS.

[polythene] 09/10/2013 09:11

I can't understand why they have failed to realise the value of what we own!

[jlo10] 09/10/2013 08:21

I think they will
Part of CX bonus shares are tied to float
But you can understand them not announcing while this shenanigans is going on

[polythene] 09/10/2013 06:34

They will use the fiscal cliff as the latest reason not to. That is where the evidence is pointing.

[jbarcroftr] 08/10/2013 20:07

The debt ceiling crisis comes to a head On the 17th so unless it is settled before I doubt the 18th would be a good day to switch

[smurfy2001] 08/10/2013 19:48

God knows, not heard anything at all from my broker...I know they trade US stocks in the same account ...

[speedsgh] 08/10/2013 19:08

from the AIM Cancellation Update rns on 18/9 -

"The AIM Delisting is currently expected to take place at 7.00 a.m. on the business day following the proposed NYSE listing, which is currently expected to be no earlier than 18 October 2013. Trading of the Company's ordinary shares on AIM is expected to be suspended at 7.30 a.m. on the day of such listing on the NYSE, which is currently expected to be no earlier than 17 October 2013. These dates are subject to change and confirmation depending on the final NYSE listing timetable and a further announcement will be made in due course."

We should presumably be hearing some more news on the switch in the next few days then. At what stage do we get an idea of the indicative listing price on NYSE?

[sumitos] 08/10/2013 17:47

Polythene - I share your frustration this apparent inaction seems interminable. The BoD are probably doing something but I wished they'd hurry up!

[polythene] 08/10/2013 10:33

Yes, but when????

[mikey62] 08/10/2013 08:32

For anybody in any doubt as to the possible uplift to be had from the US listing have a look at what the Nasdaq listing has done for GWP.