Eros Share Discussion Threads

[loafingchard] 29/10/2013 11:59

Nice timing for the buyer of 25k this morning, oh for a level playing field ;)

[czar] 29/10/2013 11:30

Yup great news, my guess is this will go at the top end of the indicative range, probably even a bit higher and then have a strong pop, certainly north of $20 for a £ equivalent of nicely over £4.

[smurfy2001] 29/10/2013 11:24

OK thanks chaps, up from here by the looks of it.

[polythene] 29/10/2013 11:21

We have no date as yet....

[smurfy2001] 29/10/2013 11:14

WHAT HAPPENED CHAPS??

ARE WE LISTING????

[rivaldo] 29/10/2013 10:48

Ah - got it. Here's the new SEC filing:



Looks like a 3 for 1 split, so at $1.6 to the £ I make that a pricing range of between 313p-354p.

But in a reasonable market I'd expect this offering to be popular and go to a healthy premium, so perhaps 400p+ coming soon if all goes well.

[evaluate] 29/10/2013 10:45

What's that in £/share in the UK?

[rivaldo] 29/10/2013 10:37

"The estimated initial public offering price is between US$ 15 and US$ 17 per A ordinary share"

:o))))))))

[rivaldo] 29/10/2013 08:42

:o))

The SEC filing is in place apart from the vital final numbers - I cannot believe EROS would go to the time, trouble and costs of preparing this without an outer soon!

Grand Masti is now available digitally in the USA via IMD, an NBC company, and should continue to be a biggie given its adult content:

hxxp://www.digitaljournal.com/pr/1548671

"International Media Distribution (IMD) and Eros International Celebrate Diwali With VOD Premiere of Grand Masti on Bollywood Hits On Demand

>PRWEB.COM Newswire
Centennial, CO/Secaucus, NJ (PRWEB) October 28, 2013

International Media Distribution (IMD) and Eros International announced today that the Bollywood Hits On Demand lineup for the month of November will include premieres of the blockbuster comedy Grand Masti, the hilarious sequel to the 2004 hit Masti and the action packed Shootout at Wadala based on the true story of the encounter between Mumbai police and the notorious gang leader Manya Surve. Also included in the lineup is the 2013 thriller Warning and the 2011 hit Desi Boyz.

etc"

[sumitos] 26/10/2013 08:49

Chaps, I'm looking for reassurance, do we think that the NYSE listing will happen this side of 2020?

[rivaldo] 25/10/2013 11:27

Nice summary here:



"Eros International Media profit fuelled by 'Grand Masti', 'Raanjhanaa', 'Yeh Jawaani Hai Deewani' collections

PTI | Mumbai | Updated: Oct 24 2013, 10:49 IST

On back of 'Grand Masti', 'Raanjhanaa', 'Yeh Jawaani Hai Deewani', Eros profit up 15% in 6 mths.On back of 'Grand Masti', 'Raanjhanaa', 'Yeh Jawaani Hai Deewani', Eros profit up 15% in 6 mths.

Eros International Media today reported 42.19 per cent increase in net profit for the quarter ended September 30 at Rs 36.97 crore against Rs 26 crore in year-ago period. Eros International Media's performance was underpinned by the collections of movies like 'Grand Masti', 'Raanjhanaa', 'Go Goa Gone', and our oversees release 'Yeh Jawaani Hai Deewani', all of which have been monetised over multiple distribution channels, company's Managing Director Sunil Lulla said.

Its total income for the quarter, however, declined by 12.8 per cent to Rs 201.47 crore against Rs 231 crore in the corresponding period previous fiscal.

The company's revenues during April-September stood at Rs 395.68 crore against Rs 490.3 crore a year-ago, registering a decline of 19.29 per cent.

Its net profit for the six months period grew 15.34 per cent to Rs 66.31 crore from Rs 57.49 crore in the corresponding period of previous fiscal.

"Eros International has given a strong financial and operational performance in the first half of the fiscal, especially given that we had no high budget releases in H1FY14 compared to two high budget releases a year-ago," Sunil Lulla said in a statement.

Eros International released 26 films during H1 FY14, which included 11 Hindi and 15 Tamil and other regional languages as against 42 films in first half of 2012-13.

"The decline in total income during the six months period was mainly due to the change in mix and a number of new releases as compared to the same period last year," he said.

During the quarter, Eros Now, the company's online entertainment portal, added a host of Bollywood titles acquired from UTV and Viacom to its movie subscription service.

"Eros International continues to invest in high profile films during the year, which will be released in second half of the current financial year. Simultaneously, the company is successfully executing the strategy of diversifying its movie portfolio with a healthy mix of modest budget-high concept films and high profile ¿ big star cast films," he added.

Lulla also mentioned that collaboration with HBO Asia gives it a huge opportunity within the premium television market in the country.

"We are looking forward to the high profile releases in the remainder of the fiscal year such as 'Ram- Leela, 'R..Rajkumar', 'Kochadaiyaan', 'Happy Ending' and a number of smaller budget high concept movies that are slated to be released in the fiscal under review," Lulla said."

[darlocst] 24/10/2013 11:04

Revenue - flat
profts - down
debt - up
cashflow - negative

[rivaldo] 24/10/2013 10:55

The consolidated interims are out - not much to add to the Indian results other than that they're pretty good given that H1 this year was supposedly a much weaker release schedule than last year.

H2 looks extremely strong in release terms.

There's no comment about a US IPO AFAICS. Typical. I'm assuming/guessing they're hamstrung and unable to say anything whilst the filing machinations rumble on.

[jlo10] 24/10/2013 10:53

The interim accounts are just out
FX seems to be a big issue but on the credit side this time

[rivaldo] 24/10/2013 07:26

Another take on the excellent H1 results and strong H2 outlook:



"Eros International Media - Strong results driven by 'Grand' success; Buy - Anand Rathi

Strong earnings grwoth. Eros reported a strong 2QFY14, with EBIT and net profit rising respectively 23% and 42% yoy. Fewer and smaller releases led to revenue sliding 12.3% yoy. Earnings were driven by the phenomenal success of its mid-budget Grand Masti (net box-office collections in India: Rs. 1bn), robust revenue from catalogue sales (the figure was not shared) and a lower effective, 19%, tax rate. In fact, the lower tax rate reflects the greater sales of catalogues, which are more tax efficient. For 1HFY14, earnings were up 15% yoy and broadly on target to meet our FY14 earnings forecast.

Success of mid-budget films aid results. In the last nine months, Eros has been slow in replenishing its big-budget film slate. The focus on mid-budget films (backed by aggressive marketing) enabled it to improve margins (EBIT margin in 1HFY14 up ~400bps yoy), despite the small scale of operations. 1H saw the release of Raanjhanaa (a success), Go Goa Gone (a modest success) and Grand Masti (a huge success). In all, the company released 26 films in 1H (14 in 2Q) - 11 in Hindi (four in 2Q) including five overseas only, and 15 in other languages (10 in 2Q).

Expect a revenue scale-up in 2HFY14. 3Q would be flush with major film releases such as the Rajnikant-starrer Kochadaiyyan, Ram Leela (director: Sanjay Leela Bhansali, starring Deepika Padukone), Krissh 3 (overseas only) and the Saif Ali Khan-starrer Happy Ending. Late-stage film acquisitions are also possible.

Our take. We raise our target from Rs. 165 (8x Sep'14e EPS) to Rs. 180 (8x FY15e EPS) We retain our Buy due to overall buoyancy in the film industry (driven by rising multiplex penetration, buoyant satellite-rights prices, widening talent pool) and Eros' strong position in film co-production/distribution markets. Valuations are undemanding at 7x FY14e P/E. Risks: 1) Persistent failure of big-budget films; 2) slow refill of the film slate and 3) further increase in film/key talent cost."

[jlo10] 23/10/2013 15:27

ICICIdirect.com's research report Eros International Media Eros International Media reported better-than-expected Q2FY14 numbers.

The topline stood at Rs 201.1 crore (I-direct expectation: Rs 184.8 crore) while the EBITDA was recorded at Rs 51.2 crore vs. our estimate of Rs 32.4 crore.

Revenues were chiefly aided by the global success of its movies such as Grand Masti, Raanjhanaa and some other regional releases.

There was a 701 bps YoY EBITDA margin improvement due to lower administrative expenses. PAT stood at Rs 37 crore vs. our expectation of Rs 20.7 crore.

The company has several big banner movies like Ram Leela, Kochadaiyaan and Krrish 3 (overseas) scheduled for release in the upcoming two quarters, which may prop up its performance in the second half of the fiscal.

We value the stock at 10x FY14E EPS of Rs 17.4. Increasing number of overseas movie rights help Eros to reduce its dependence on the domestic box office performance.

The company is trading at a significant discount to other media businesses. We maintain BUY with a target price of Rs 174 (10x FY14E EPS).

Read more at: hxxp://www.moneycontrol.com/news/recommendations/buy-eros-international-mahindra-lifespace-icicidirectcom_975143.html?utm_source=ref_article

[rivaldo] 23/10/2013 07:19

Yep - a big increase in EBIT and PAT over last year's H1 despite lower revenues because there were less high-profile film releases this H1.

I wonder if this is due to the success of digital revenues via HBO, EROSNOW etc, with obviously higher margins?

The even better news is that it's this H2 which has the really high-profile releases, so this success in H1 is somewhat unexpected.

The narrative is worth reading and is here:

[jlo10] 22/10/2013 22:50

Eros International Media Limited has informed the Exchange regarding the consolidated Results for the quarter ended on 30-SEP-2013 as follows:

Net Sales of Rs. 20105 lacs for the quarter ending on 30-SEP-2013 against Rs. 18632 lacs and Rs. 22927 lacs for the quarters ending on 30-JUN-2013 and 30-SEP-2012 respectively.

Net Profit / (Loss) of Rs. 3697 lacs for the quarter ending on 30-SEP-2013 against Rs. 2934 lacs and Rs. 2608 lacs for the quarters ending on 30-JUN-2013 and 30-SEP-2012 respectively.

There are a bunch of notes from 22/10/13 re EROS including above note on consolidated results and a report in EIM Ltd at Moneycontrol.com
hxxp://www.moneycontrol.com/stocks/stock_market/corp_notices.php?autono=731775

I am not sure how income is being allocated across different companies and am finding these difficult to fathom - but quarterly profit seems to be up

[alter ego] 22/10/2013 15:50

featured in Simon Tompson's column in the IC today

[uncleoswald] 22/10/2013 15:43

So, they are still trading!

[rivaldo] 22/10/2013 15:35

Yep - looks like the dam has burst :o))

[gucci] 22/10/2013 15:28

ah ha its alive!!

[uncleoswald] 22/10/2013 10:47

In that case, I don't understand this previous posting -

czar
14 Oct'13 - 18:41 - 8950 of 8960 1 0

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