Eros Share Discussion Threads

[rivaldo] 02/7/2014 11:47

Czar, nowt to do with anything imo other than just daily fluctuations and perhaps a bit of profit-taking.

As you say, EROS remains well placed to prosper for a number of reason, as outlined in the above Seeking Alpha Buy tip, for which cheers mokhan2:

"Summary
•Eros International is the largest distributor and producer of Indian entertainment worldwide and should see 45% upside from its current price in the next twelve months.
•India's economy is poised for strong growth after the election of a pro-business, pro-FDI Prime Minister.
•Bollywood is growing globally, beyond India's borders.
•Eros has a strong competitive advantage ahead of its competitors with a huge catalog of films and innovative positioning in the digital and premium segments.
•Eros is a value investment, trading at a discount to both its Indian entertainment peers, as well as its global filmed entertainment peers."

[czar] 02/7/2014 07:44

Oh and I forgot to mention that US markets have been hitting new all time highs and Modi's win in the Indian Elections will drive Eros's home market.

[czar] 02/7/2014 07:35

SERIOUS MANIPULATION! I small a rat here, when the company announced the placing the price was $16.34 over the following sessions the price is sold down to $14.80, a three month low, and yet the stock in India has soared 50% to new highs, the company reported forecast busting finals, the rupee has gained 10% against the US$, there has been a sensational acquisition (although not finalised yet) that leverages ErosNow massively, the company has joined the Russell 3000, the business is firing on all cylinders. Last night's session was typical, opened well, traded above $16, traded above $15.50 most of the session and then sold off at the end to close down, AGAIN. Could it be the funds taking shares in the placing are selling a proportion of the stock they will get in the placing so they get the new shares on the cheap..............no that would be illegal?????

[mokhan2] 01/7/2014 22:10

Eros International: Huge Upside With The Growth Of India's Economy And Bollywood $EROS

[rivaldo] 01/7/2014 14:48

Official confirmation - and good to see the share price bouncing:



"Tue, Jul 1, 2014, 9:47AM EDT
LONDON--(BUSINESS WIRE)--

Eros International plc (EROS) ("Eros"), a leading global company in the Indian film entertainment industry, has joined the Russell 3000® Index as part of the Index's annual reconstitution. Trading in the reconstituted index commenced on June 30, 2014.

Annual reconstitution of Russell's U.S. indexes captures the 4,000 largest U.S. stocks as of the end of May, ranking them by total market capitalization. The Russell 3000® Index also serves as the U.S. component to the Russell Global Index, which Russell launched in 2007. Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies."

[rivaldo] 30/6/2014 12:32

EROS in India is at new three-year highs today. Hopefully meaningful!

I also note that EROS has been confirmed in the final list of additions to the Russell 3000 index:

[rivaldo] 27/6/2014 12:37

Excellent spot czar. Bearing in mind EROS' relative illiquidity then hopefully any tracker buying will have a decent effect on the share price.

[czar] 27/6/2014 05:05

LOOKS LIKE ITS GOING INTO THE 3000, TRACKERS WILL START TAKING A STAKE NEXT MONTH>

+------------------------------------------------------------------------------+

MORE: Russell Makes Egypt Frontier Mkt, Lists Russell 3k Changes
2014-06-14 15:38:48.956 GMT


By Joanna Ossinger
June 14 (Bloomberg) -- Russell Indexes reclassifies Egypt as Frontier market from Emerging on "persistent" eco, mkt risks; announces prelim additions/deletions from indexes including Russell 3000, w/ updates coming June 20, June 27.
* Tyco to be reclassified to U.S. from Switzerland; Liberty
Global, Delphi to join Global Ex-U.S. from Russell 1000
* Business-dev cos. to be ineligible for index membership
* Prelim additions to Russell 3000: TWOU, ATEN, AKAO, ATNM,
ADMS, HIVE, AGEN, AKBA, ALDR, ALLY, AAMC, ASPS, AMBR, HCT,
AMZG, ANIP, AGTC, ARCW, ASC, ARWR, AFH, BALT, BPTH, BCRX,
BSTC, BEAT, BRDR, BBW, CACQ, CSCD, CSLT, CBSO, CIDM, CLFD,
CLCT, CXP, CPS, CORR, CRRS, COUP, CUI, CYTR, DHT, DXYN, LPG,
HILL, KODK, NYNY, ENZ, EROS, ESCA, EVDY, DAVE, FNHC, FBIZ,
FIVN, FWLT, GAIA, GALT, GFN, GSAT, GLRI, GRUB, GTT, HNR,
HRTG, HRTX, HIL, IDRA, IG, IMS, IBCP, III, INO, IVAC, ITCI,
KTWO, KFX, LQ, LEE, LBMH, DOOR, MRTX, MC, MPAA, NSTG, NNVC,
NGHC, NNA, NM, NBS, CUR, NEWM, NYRT, NMIH, NWBO, OCLR, OHRP,
OLBK, ONTY, OPWR, OPB, ONVO, ORM, PTSI, PEIX, PTIE, FRSH,
PCYG, PE, PAYC, PCTY, PFIS, PAHC, PAH, PLUG, PFIE, QTWO,
QRHC, QUIK, ROIAK, RDNT, RGDO, FRBK, REI, RUBI, SABR, SB,
SNMX, SQBG, SFBS, SIF, SPWH, SQBK, SGBK, STRT, TIPT, TSRE,
TAT, TRXC, TNET, TRIV, TROX, TRUE, HEAR, TYC, UIHC, USAK,
VSAR, VTNR, VTL, VTSS, ZEN, ZOES
* Prelim deletions from Russell 3000: ANCX, ACFN, ATEC, APP,
ACAS, AMSC, FOLD, ANAD, ATNY, AINV, ARCC, ARGS, ARQL, AVEO,
AVNW, BHB, BSET, BSF, BBGI, BIND, BIOL, BKCC, BCRH, BXC,
BTH, BODY, BOLT, CFFI, DVR, CFNB, CSWC, CPTA, CLDN, CHMG,
CIX, CNAT, CNCE, CWCO, COCO, CNDO, CRRC, CRIS, CUTR, DLPH,
DGAS, BAGR, DRL, EGRX, EGAN, EARN, END, ENZN, ESSA, EVRY,
FFKT, FCSC, FDUS, FSC, FMD, FSGI, SVVC, FRF, GARS, GMO, GNE,
GLAD, GAIN, GLYC, GBDC, GMAN, GRIF, GSIT, GSVC, GTXI, HDNG,
HART, HBIO, HIIQ, HTGC, HIFS, HBCP, HOFT, HRZN, HTCH, IMN,
IFT, ISSC, IMI, INTX, IBCA, ITIC, JMI, JMP, KBIO, KCAP,
KIOR, LCNB, LBTYK, LBTYA, LFVN, LINC, LUB, MAIN, MCGC, TAXI,
MDCI, MCC, MEIP, MBRG, MDW, MITK, MOSY, MVC, NSPH, NEO,
NEON, NPTN, NETE, NMFC, NGPC, NIHD, OMEX, OGXI, ONTX, PZG,
PCTI, PENX, PFLT, PNNT, PLPM, PMFG, PSEC, PROV, PCYO, RSH,
RSYS, RELL, RCPI, SIGA, SIGM, SLRC, SUNS, LOV, SCM, STRP,
SPRT, SWSH, TRGT, TCPC, TEAR, TECU, TLOG, TGE, TCRD, TICC,
TWGP, TWER, CLUB, TWMC, TRR, TRVN, TCAP, UNXL, UNTD, URG,
UEC, USMD, VICL, WSTL, WFD, WTSL, WHF, ZAGG, ZFC, ZAZA

[rivaldo] 18/6/2014 14:04

...and here's another digital revenue stream for EROS:



"Voddler launches Bollyvod
June 18, 2014 10.17 Europe/London By Robert Briel

Voddler_BollyvodSwedish streaming provider Voddler is launching Bollyvod worldwide, starting in the US.

Bollyvod shows movies and shows from India's Bollywood industry online at bollyvod.com and via dedicated apps, which will soon be available. Over 100 000 hours of movies and TV-episodes have been cleared from Bollywood's leading content owners, such as Zee Entertainment, Reliance, Eros International, UTV Motion Pictures and Sony Music.

After the US, Bollyvod will now roll out globally over the coming months, as a mixed free- and subscription VOD service.

"In many countries, Bollywood fans are a niche audience. On a global scale, though, they are a mass market crying out for Indian cinema and TV-shows. Bollyvod gives people exactly what they want: good content truly anywhere and anytime, with an extraordinary quality of service. In doing this, Bollywood crushes piracy. So while Hollywood struggles with its digital transition, Bollywood will generate new revenue and make piracy streaming irrelevant, thanks to one global disruptive move. When will we see a Hollywood doing this?" asked Marcus Bäcklund, CEO.

Bollyvod's global streaming capacity comes from Vnet, Voddler's streaming cloud, sometimes described as a 'controlled peer-to-peer network'. By letting all end-users take part in streaming videos to each other, Vnet only becomes stronger the more users it gets, allowing it to deliver quality streams even in low bandwidth territories.

"With Vnet, Bollyvod users actually help each other watch videos. In fact, the concept of decentralized distribution has primarily been used by pirates. Here, we take that idea, but working together we all create a new part of the Internet, focused on delivering videos, securely and safely. Consumers benefit, content owners benefit, even telecom operators benefit. You can see why Bollywood believes in Bollyvod," continued Bäcklund."

[czar] 17/6/2014 09:58

Big volume last night, feels like this could be the start of the next leg up, there are plenty of drivers not yet reflected in the share price: results ahead despite Koch slipping into Q1, rupee up 10% against USD, Modi winning India, great deal with Techzone etc.

[monkeymagic3] 12/6/2014 16:27

Agreed Czar, a full and simple explanation of the platform and EROS plans for it could be hugely beneficial to the share price

[czar] 12/6/2014 15:06

Just listened to the conf call, all very positive. One of the key benefits of the Techzone deal is that they have a payment processing platform that works with all the telcos. I think this deal is dynamite but not very well explained yet, perhaps the analysts will include something on their post finals research. Should make new highs soon IMHO.

[czar] 12/6/2014 12:47

Yes I see BoA ML who is a lead broker had $75.9 EBITDA so they are 6% above. That's all fine but I reckon its more about what the brokers have to say about this year and next with HBO and ErosNow kicking in.

[rivaldo] 12/6/2014 12:29

EBITDA was $80.3m, so they beat consensus forecasts by some way....



"Fiscal Year Ended March 31, 2014

Revenues increased by 9.4% to $235.5 million, compared to $215.3 million in the prior year period
Currency comparable revenues increased by 15.8%
Adjusted EBITDA increased by 42.6% to $80.3 million, compared to $56.3 million in the prior year period
Net income increased by 10.1% to $37.1 million, compared to $33.7 million in the prior year period

etc"

[czar] 12/6/2014 11:10

Results out today and consensus is EBITDA $79m. Of more interest will be the trading announcement, forecast for this year is $107m that will be very impressive.

[notoriousx] 11/6/2014 22:35

Teriii maaaaa daaaa fudhaaa mariyaaaa captain scarlet !

[rivaldo] 10/6/2014 14:02

Annual results announcement and Q4 results will be made Thursday lunchtime:



There will be a conference call which we can listen to live at 8.30am their time (I suspect that's 1.30pm our time?):



Following yesterday's digital acquisition news, plus the likelihood that the results will be good, it'll hopefully be a good few days for EROS.

[smurfy2001] 09/6/2014 14:02

Yup, EROS could be the netflix of Indian movies IMHO. They just need to execute.

[rivaldo] 09/6/2014 13:47

Great spot speedsgh. Terrific news - the markets should really like this:

"Techzone has done an average of 25 million SMS, WAP or IVR transactions per month over the past three years across 12 major telecom operators in India for which it bills the customers directly through its billing platform. This excludes CRBT transactions which are also marketed and distributed by Techzone but billed by the telecom operators directly. In a given month, a single customer may engage in multiple transactions.

"Techzone will be a strong addition to our ErosNow strategy where content meets technology and distribution," said Jyoti Deshpande, CEO and Managing Director of Eros. "With Techzone's billing integration and distribution in place across major telecom operators and average transaction traffic of over 25 million monthly over the past three years, we expect this deal to complement our existing ErosNow service. With 870 million mobile subscribers (including over 60 million internet enabled smart phones) in India as of year-end 2013, this is an exciting space for us."

Techzone CEO & Managing Director, Naveen Bhandari commented on the deal "This is indeed a proud moment for Techzone to align with a market leader such as Eros. The consumption of content through mobile platforms is on the increase and the timing of this alliance could not have been better." "

[czar] 09/6/2014 12:59

So now we know why Eros was up 20% in India on Friday, this deal looks SENSATIONAL, a real game-changer. Maybe this is where that rogue $40 price target came from. This could go to the moon now. Well played Eros!

[speedsgh] 09/6/2014 12:17

EROS INTERNATIONAL EXECUTES TERM SHEET TO ACQUIRE CONTROLLING STAKE IN TECHZONE - A LEADING MOBILE VALUE ADDED SERVICE PROVIDER IN INDIA -

[rivaldo] 05/6/2014 18:30

EROS' Indian subsidiary is at new highs now, and analysts are calling the price higher. Bodes well for the upcoming group results:



"Jun 05, 2014, 04.41 PM IST | Source: Moneycontrol.com

Buy Eros International Media; target of Rs 220: ICICIdirect

ICICIdirect.com is bullish on Eros International Media and has recommended buy rating on the stock with a target price of Rs 220, in its research report dated June 05, 2014.

"Eros reported its Q4FY14 numbers wherein the topline was at Rs 314.6 crore, up 48.2% YoY vs. estimate of Rs 276.1 crore on account of higher-than-expected growth in theatrical and satellite revenues. The EBITDA came in at Rs 73.6 crore (I-direct expectation: Rs 55.7 crore) due to higher revenue growth and relatively lower cost of movies due to a higher number of medium to low budget releases. The company reported a PAT of Rs 41.4 crore, which could have been higher but for the high interest costs of Rs 14.5 crore on account of higher debt and lower interest income."

"We expect consolidated revenue growth of 14.6% over FY14-16E and PAT CAGR over FY14-16E of 12.5%. We continue to maintain BUY rating valuing it at 8x P/E multiple, hence arriving at a target price of Rs 220", says ICICIdirect.com research report."

[rivaldo] 03/6/2014 10:47

Yep, one would hope that the presentation would coincide with the release of the group results to 31/3.

The full Indian subsidiary results are here and read extremely well:



It's good to see them talking about a "promising start" to this year and that "we expect to deliver yet another strong financial performance in the coming year".

[czar] 30/5/2014 19:01

Eros International Plc (NYSE:EROS) ("Eros"), a leading global company in the Indian film entertainment industry, announced today that Kishore Lulla, Executive Chairman, will present at the Bank of America Merrill Lynch Global Telecom & Media Conference on Tuesday, June 3, 2014 at 11:05 AM BST.

Recent good news seems to have been overlooked but I suspect Mr Lulla will have lots of good things to talk about at this conference.