Eros Share Discussion Threads

[rivaldo] 30/5/2014 10:46

Excellent Q4 results, and for the year, for the Indian subsidiary.

With overseas markets having done well I would assume the group results will be similarly good.

Hopefully not long to wait now.

[speedsgh] 30/5/2014 09:54

Eros International Q4 Net Up 30.22 Per Cent at Rs. 41.4 Crore -

Film distribution company Eros International Media Ltd on Thursday reported a 30.22 per cent increase in net profit at Rs. 41.4 crore for the fourth quarter that ended on March 31, 2014.
The company had posted a net profit of Rs. 31.79 crore for the corresponding quarter a year ago, it said in a filing to the BSE.
Eros International's net sales during the quarter under review stood at Rs. 314.62 crore, up 48.18 per cent as against Rs. 212.32 crore in the corresponding period last year.
Overall expenses in the quarter were at Rs. 242.31 crore as against Rs. 172.21 crore a year ago.
For the fiscal year 2013-14, net profit stood at Rs. 199.69 crore as compared with Rs. 154.53 crore in the previous financial year.
Net sales in 2013-14 were at Rs. 1,134.66 crore as against Rs. 1,067.95 crore in the same period last year.
Shares in Eros International, on Thursday, ended at Rs. 172.40 apiece on the BSE, up 1.80 per cent from the previous close.

[czar] 29/5/2014 16:57

Plenty of strong news getting ready for another move forwards methinks.

[speedsgh] 29/5/2014 16:34

Eros International Plc Announces Indian Subsidiary Results -

[rivaldo] 29/5/2014 15:01

Proof of the global appeal of EROS' films - English Vinglish to be released in Japan after its success in Taiwan:



Sridevi's English Vinglish Set To Woo Japanese Audience Posted by: Suparno
Tuesday, May 27, 2014, 18:11 [IST] .

"Following the exceptional success of English Vinglish in foreign markets like Hong Kong, Germany, Taiwan and Korea, Eros International Media Ltd is all set to release the film in across 33 screens in Japan on June 28, 2014.....

....Directed by Gauri Shinde, English Vinglish released worldwide successfully in October 2012 and continues to reap gold at the box office in new markets. In Taiwan, the film became the second biggest Bollywood grosser of all time amassing over US$ 300,000 at the box office. ....

....The Japanese Market has already proven to be a strong one for Eros with the company releasing Farah Khan's Om Shanti Om in 2013 across 14 screens which earned over US $ 150,000 at the Japanese box office. Eros has also previously released Student of the Year, Agent Vinod and Chalo Dilli in Japan."

[rivaldo] 28/5/2014 13:38

Hopefully the market will see sense today czar :o))

Kochadaiiyaan is already at 51 crore now...

[czar] 27/5/2014 19:43

V Strong statement but completely devalued by not putting it out at the open, waste of time, now lost all Friday's strong gains on no volume, very silly! This statement issued at the open and we would be 50cents to 70 cents up on the day.........TIMING THE SECRET OF LIFE!!!!!!!!

[rivaldo] 27/5/2014 19:14

Here's EROS' own take in their press release:



"Tue, May 27, 2014, 12:56 PM EDT .

Eros International Announces Kochadaiiyaan Delivers Strong Opening Weekend at Box Office
MUMBAI--(BUSINESS WIRE)--

Eros International plc (EROS) ("Eros"), a leading global company in the Indian film entertainment industry, today announced that its film, 'KOCHADAIIYAAN' - The Legend, has grossed over US $7.2 million worldwide during its opening weekend. The film has grossed US $5.1 million in India and US $2.1 million internationally. International markets with a deep Rajinikanth fan base such as the UAE, Malaysia and Singapore have shown particularly strong box office performances.

Kochadaiiyaan was released on May 23, 2014 in 6 languages, in 2D and 3D, on over 3,000 screens worldwide and was produced by Media One Global entertainment production in association with Cinemorphic Pvt Ltd and directed by Soundarya Rajnikanth Ashwin.

Commenting on the successful opening of the film, Nandu Ahuja, Senior V P, India Theatrical, Eros International Media Ltd said, "Rajinikanth fans remain captivated by Kochadaiiyaan which showcases the charisma of their favorite superstar in a never seen before avatar. Advance bookings for opening weekend were strong as the film's high octane action, realistic animation and Rajinikanth's larger than life persona continue to wow audiences."

Commenting on the film's performance overseas, Pranab Kapadia, President, Marketing and Distribution, Eros International Plc, added, "The film has performed extremely well in overseas markets and we are excited to bring this captivating film to fans across the world."

Jyoti Deshpande Group CEO & MD of Eros International Plc said "We are delighted with the superb response to the film which has been a labor of love over the last two years. We thank the critics and the audiences that have helped build such a wonderful momentum to the film and given recognition to Soundarya's vision and talent. We are seeing an overwhelming demand for a prequel or a sequel. Watch this space. But for now enjoy Kochadaiiyaan in 2D or 3D with your entire family, in a big screen near you, in a language of your choice." "

[rivaldo] 26/5/2014 09:52

Kochadaiiyaan looks like it's going to be a big winner....

It's "well on its way to cross Rs 100 crore in revenue just after the opening weekend" - yet it only cost 125 crore in total, so has already almost made its money back.....



"Rajinikanth's Kochadaiiyaan mops up Rs 42 cr worldwide in first week

Gross collections at home at Rs 30 cr; movie released in 6 languages across 3,000 screens worldwide

BS Reporter | Chennai May 26, 2014 Last Updated at 12:02 IST

Eros International Media Ltd (Eros International) has said that Rajinikanth's 'Kochadaiiyaan' - The Legend, has achieved a gross box office collection of Rs 42 crore worldwide in the opening weekend.

Eros International released the film in 2D and 3D on 23 May 2014, in six languages in over 3,000 screens worldwide. Distribution of the movie in Tamil Nadu was undertaken directly by Eros International.

Directed by Rajinikanth's daughter Soundarya Rajnikanth Ashwin, and made with Photorealistic Performance Capture technology, the collections for the opening weekend has grossed Rs 30 crore in India and Rs 12 crore overseas. Markets like UAE, Malaysia and Singapore, which have traditionally been Rajinikanth strngholds, have shown better performance, said Eros International in the announcement.

With pre-sales from satellite rights in multiple languages, audio and music rights exploitation, brand tie-ups and other income, the film is well on its way to cross Rs 100 crore in revenue just after the opening weekend."

[czar] 23/5/2014 15:09

shares up 20% in India this week and rupee appreciates to 58.40 against the dollar, this should be trading over $20 now. Kochadaiyaan looks like being a monster!

[rivaldo] 23/5/2014 14:10

From these news items it looks like Kochadaiyaan could make 300 crore, which would be huge for EROS:

hxxp://boxofficecollections.co.in/2014/05/kochadaiyaan-opening-day-response-and-expected-collection/

hxxp://www.indicine.com/movies/bollywood/kochadaiyaan-box-office-opening-rajnikanth-film/

[rivaldo] 20/5/2014 06:59

I note that EROS in India is moving nicely upwards, partly on the election of Modi who is business-friendly and who seems to be Bollywood-friendly too.

[rivaldo] 16/5/2014 09:19

Indeed czar - and the stars are aligning financially too, with the rupee climbing nicely now against the dollar, which will help EROS' earnings.

Here's EROS' presentation last week to the Jefferies 2014 Global Technology, Media and Telecom Conference - the digital HBO and Eros Now slides are worth a look:



There's also a web cast which I'll listen to later:

[czar] 15/5/2014 07:58

Another revenue stream.

[czar] 12/5/2014 07:52

This will drive subscribers on ErosNow which when they get 1m customers will command a value of circa $1b ($20 a share), the HBO jv should soon add a similar value and meanwhile the growing theatrical and TV is already worth $1b and growing. That gives a target valuation $60 a couple of years out.

[rivaldo] 11/5/2014 08:00

The biggie release Kochadaiiyaan has been pushed to May 23rd to cater for the demand for multiple language versions etc:



Extract:

"Rajinikanth's magnum opus KOCHADAIIYAAN To hit screens on May 23, 2014
Sat, 05/10/2014 - 04:41

Mumbai, May 09 2014 (Washington Bangla Radio): Eros International Media Ltd will release the eagerly awaited futuristic fantasy event of the year 'Kochadaiiyaan' – The Legend, a Mediaone Global Entertainment Limited production, directed by Soundarya Rajnikanth Ashwin, worldwide in cinemas on May 23rd 2014, two weeks after its previously announced date of May 9th 2014 to cater to the demand for multiple language and the 2D and 3D versions to release the same day.

Kochadaiiyaan features the unique visual mastery of Photorealistic Performance Capture technology for the very first time in the history of Indian cinema. The film is being released in six Indian language versions Tamil, Telugu, Hindi, Marathi, Bhojpuri and Punjabi, simultaneously in 2D and 3D in over 6000 screens worldwide. Although the entire unit was optimistically gearing up for a 9th May release, due to some unexpected technical issues, this mammoth worldwide release in multiple languages in 2D and 3D is now set to release on 23rd May 2014.

The fans frenzy for Rajinikanth's Kochadaiiyaan has begun months in advance and their wait is almost over. Rajinikanth appeared on Twitter for the very first time on 5th of May and he instantly broke the record for the first day followers by any Indian movie star by getting over 2.5 lakh followers on the first day itself."

[czar] 07/5/2014 20:17

ST is pretty good but I reckon he knows almost nobody left in this stock from the AIM days so easier for him to drop coverage. Personally I think he has sold out at precisely the wrong time, just as things are about to get interesting. Anyway whatever anyone over here thinks counts for nothing now, this is firmly in US investors hands.

[smurfy2001] 07/5/2014 18:10

Institution ownership increased to 23%

[rivaldo] 07/5/2014 15:44

The price is recovering nicely now.

Cheers speedsgh. Most surprising from ST - he says himself "It's quite possible Eros's share price will climb further because based on an enterprise value of $900m the company is only rated on around six times annual cash profits. Fourth-quarter results are due out shortly too." His decision goes entirely against logic and with emotion rather than hard-headed calculation.

With UBS and other brokers raising their price targets to $18 - and with EROS being cheap even at that price imho - plus likely good results due soon there must be far more upside than downside here.

Once a company breaks away from its old price range and starts to be re-rated, then the upswing can be quick and dramatic. My belief is that this is what's starting to happen here.

[speedsgh] 07/5/2014 14:46

Simon Thompson (Investors Chronicle) advising to Take Profits in online article today.

Taking profits on a Bollywood film noir
"It's quite possible Eros's share price will climb further because based on an enterprise value of $900m the company is only rated on around six times annual cash profits. Fourth-quarter results are due out shortly too. But there will undoubtedly be some stale bulls in the stock only too happy to get out at a profit after what has been a rollercoaster ride and one made far less palatable due to the questionable corporate governance of the board.

In the circumstances, I am closing out on the shares ahead of the forthcoming full-year results. A price of $16.20, equating to 318p a share for the old Aim-traded shares, means that everyone who followed my advice will have got out at a profit and a decent one too for most."

[rivaldo] 02/5/2014 10:05

You may be right czar, but I'd have thought EROS would issue an update prior to the finals. Not long to wait anyway!

EROS' biggie release is next Friday's Kochadaaiyaan, which according to this has already been largely pre-sold:



Extract:

"To date, Kochadaaiyaan's trailer and soundtrack have been well received by the market and the film is already benefitting from strong pre-sales and brand tie-ups. Theatrical rights in the states of Tamil Nadu and Andhra Pradesh (the two largest territories for a Tamil film) have already been pre-sold to local distributors. Additionally, Tamil and Hindi satellite television rights have been pre-sold to Jaya TV and Viacom 18, respectively. Audio rights were sold to Sony Music India."

[czar] 02/5/2014 07:42

Not sure about a trading statement but do expect finals end May/early June. It is interesting they are joining this conference, they will have been invited because Jefferies regards them as interesting and note the 'technology' in the conference title. This should increase their investor base significantly.

[rivaldo] 01/5/2014 23:15

Excellent performance tonight - almost back to the highs, with imho a year end trading statement likely before that presentation in 6 days' time.