Eros Share Discussion Threads

[smurfy2001] 28/2/2014 15:37

jatin724 - thanks for that

[loafingchard] 28/2/2014 15:31

Sat69 is on the aaz thread Defo looking brighter here , hopefully can put this fluffed ipo behind us . Thanks for the link .

[jatin724] 28/2/2014 15:29

smurfy2001 message sent to sat

[rivaldo] 28/2/2014 15:21

Now up to $12.54 :o))

I'm sure Sat69 isn't around smurfy.

I appreciate czar's starting another thread, but he used the incorrect code - he needs to use NYSE:EROS. Are you still around czar?

[smurfy2001] 28/2/2014 14:56

Why doesn't sat69 update the charts here? Where is he?? If a blue member could message him?

[rivaldo] 28/2/2014 14:50

Up again today to $12.28, with a huge new worldwide release to come in April:



Tamil superstar Rajinikanth's multi-lingual film Kochadaiiyaan will release worldwide on April 11, announced the film's producers in Chennai recently. Shot using Photorealistic Peformance Capture technology, earlier used in Hollywood superhit Avataar, the film is an 'epic dramatisation' of good versus evil, producer Eros International Media Ltd said in a statement.

The film will be the superstar's first venture after his recovery from a reported kidney ailment and is directed by his daughter Soundarya Rajinikanth Ashwin. The star cast includes Deepika Padukone, Shobana, R. Sharath Kumar, Aadhi and many others. A.R. Rahman has scored the music. "For the first time, a full length feature has been made using Peformance Capture technology in India and I truly hope this creates a whole alternate film avenue apart from live action films in our country," said Soundarya.

The film will release in Tamil, Hindi, Telugu, Marathi, Bhojpuri, Bengali and Punjabi in India and overseas in more than 6000 screens, informs Sunil Lulla, MD, Eros International Media Ltd. "We are releasing an English version internationally as well," he added."

[rivaldo] 27/2/2014 12:48

Rising nicely now though, so let's see how it fares.

Looks like EROS are now spreading the word too:



"Eros International to Present at Deutsche Bank's Media, Internet & Telecom Conference

NEW YORK--(BUSINESS WIRE)--

Eros International Plc (EROS) announced today that Group Chief Executive Officer Jyoti Deshpande is scheduled to present at Deutsche Bank's 22nd Annual Media, Internet & Telecom Conference being held at the Breakers Hotel in Palm Beach, FL on March 10, 2014 at 10:10 AM ET.

A live webcast of management's presentation will be made available on the Eros investor relations website at hxxp://ir.erosplc.com/investor-relations/default.aspx."

[smurfy2001] 26/2/2014 23:56

Up so much. Are you joking?

This needs to be trading at $16 plus to get where they were before this was listed on the NYSE.

[jakecook] 26/2/2014 22:32

Anybody cares to explain why are so much up?

[jakecook] 26/2/2014 22:32

Anybody cares to explain why are so much up?

[gucci] 26/2/2014 22:09

closed at 12.23 !!

[loafingchard] 26/2/2014 15:43

Thanks Riv11.88 a few mins ago , highest since US ipo , lets hope we can build some momentum now as holders begin to see this more positively , no US investors under water now :)

[rivaldo] 26/2/2014 14:17

Hi foot in mouth, in answer to your earlier post, yes I'm still around and still invested. Been busy with hols and other stocks, but might get back to posting bits and pieces on this thread if and when.

Great to see this week's upsurge. Results for Q3 were ahead of expectations and appear to have woken a few people up to the potential. And Q4 is looking promising, with Jal Ho profitable for EROS if not a world-beater, and with a good line-up (for example Amara released worldwide on Friday and Kochadaiyaan in April).

Here's one analyst summary of Q3:



"Eros International Media Ltd - Q3FY14 Result Update - ICICI Direct

Eros International reported better-than-expected Q3FY14 numbers. The topline stood at Rs. 432.7 crore (I-direct expectation: Rs. 343.4 crore), with the EBITDA nearly double our estimates at Rs. 135.6 crore. Revenues were chiefly aided by the success of its movies such as Ramleela, Krrish 3 and some other regional releases as this was a seasonally strong quarter. There was a 679 bps YoY EBTIDA margin expansion due to film slate cost being lower and also higher operating leverage. PAT was at Rs. 92.0 crore vs. expectation of Rs. 43.5crore. The company has two major releases, Jai Ho and One (Telugu film starring Mahesh Babu) in the coming quarter and a star-studded movie pipeline ahead. We have valued Eros at 7x FY15E EPS of Rs. 26.4 and maintain BUY with a revised TP of Rs. 185.

Beats expectations, EBITDA improvement of 679 bps YoY

Eros released around 41 movies in 9MFY14 (vs. 60 in 9MFY13) including 15 Hindi, 25 Tamil and one other language movie. The success of big budget movies such as Ramleela, Krrish 3 (overseas) led to ~679 bps YoY EBITDA margin expansion to 31.3%. The newly launched channels HBO Defined and HBO Hits continue to receive an encouraging response and are on air via Airtel, Dish TV and Tata Sky's DTH network as also on cable platforms of Hathway and GTPL. The company also launched the premium offering of Eros Now during the quarter and plans to monetise the service.

Several high profile releases in pipeline

Going forward, the content pipeline of the company is exciting with movies such as Kochadaiyaan, Happy Ending, Action Jackson, etc. due for release in FY15. We have factored in a revenue and PAT CAGR of 17.7% and 25.2%, respectively, in FY13-15E.

Valuations attractive; maintain BUY...

Increasing number of overseas movie rights helps Eros 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 at target price of Rs. 185 (7x FY15E EPS)."

[smurfy2001] 26/2/2014 10:30

LOL, it needs to go much higher, these listed way too low. This dog is still limping.

[loafingchard] 26/2/2014 10:28

Yes 11.35 up 7% , the high since listing in the US being 11.40 . With a little luck we can push through this level....GLA

[foot in mouth] 25/2/2014 20:01

Wow. We've broken through $11 on NY. Show us the money!!!!

[speedsgh] 18/2/2014 15:29

Simon Thompson has provided an update on the IC website today.

... "It's worth noting that Eros is up against some easy comparatives from last year, so the odds still favour a pretty decent uplift in the fourth-quarter earnings. In fact, Eros has made almost as much operating profit ($52.3m) in the first nine months of the current financial year to March 2014 as the $55m reported for fiscal year to March 2013. So, although I still feel dismayed at how the board of Eros behaved ahead of the IPO, actions which led to the paper losses being suffered by holders who followed my advice to buy, I still feel the investment risk is to the upside.

In the circumstances, I would recommend holding Eros shares for recovery until at least the fourth-quarter results."

[speedsgh] 17/2/2014 10:40

Transcript of Q3 results-earning call. An interesting (if lengthy) read.

[smurfy2001] 14/2/2014 11:51

Try iii, no problems there.

[royaloak] 14/2/2014 10:25

Inherited TDW from DLJ many years ago. I have other accounts, but stick with TDW for overseas dealings such as Canadian stocks, otherwise I would not still be with them.

[jlo10] 14/2/2014 00:11

They do seem to be making some screw ups lately
They disappeared my MVI shares for a few weeks and sent me an email with an obscure justification, blaming the company.
When I forwarded a reply from the company stating it was nothing to do with them they said "aye alright then" and eventually reinstated them.
But the EROS ones are there, although at wrong price.

[gucci] 13/2/2014 23:54

Spoke to them this evening and they've said the shares Will be added back next week! Where are they at the moment, no one knows!

[royaloak] 13/2/2014 19:53

Gucci

Surprise, surprise, mine missing also, TDW, cannot be bothered calling them at the moment!

They will probably turn up again,like a bad penny!

[speedsgh] 13/2/2014 19:17

Looks like thumbs down to the results so far on NYSE. Spiked down to $9.50, now back up to $10.50.

[smurfy2001] 13/2/2014 16:34

Financial Highlights
Third Quarter Ended December 31, 2013
Revenues increased by 22.3% to $87.2 million, compared to $71.3 million in the prior year period
Currency comparable revenues increased by 29.8%
Adjusted EBITDA increased by 53.7% to $45.2 million, compared to $29.4 million in the prior year period
Net income decreased by 9.9% to $19.1 million, compared to $21.2 million in the prior year period
Nine Months Ended December 31, 2013
Revenues increased by 5.5% to $172.2 million, compared to $163.2 million in the prior year period
Currency comparable revenues increased by 12.7%
Adjusted EBITDA increased by 42.1% to $67.2 million, compared to $47.3 million in the prior year period
Net income increased by 15.4% to $30.8 million, compared to $26.7 million in the prior year period