Eros Share Discussion Threads

[speedsgh] 26/8/2014 13:02

Eros International Plc and Viacom18 Motion Pictures Announce International Distribution Agreement -

[smurfy2001] 22/8/2014 16:18

Inst. own 23%

[smurfy2001] 22/8/2014 16:17

This is very volatile! :)

Back to $16 again.

[smurfy2001] 22/8/2014 16:17

Hi alter ego,

This is the new EROS International Thread.



Sat69 is no longer running this thread.

So feel free to drop by :)

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[alter ego] 22/8/2014 12:23

speedsgh, the link above is to a thread with just 1 message by smurfy2001. If I search for other threads for EROS there are none with recent messages except this one. What am I missing?

[speedsgh] 22/8/2014 09:55

??? 55 posts on the other thread since the post prior to yours yesterday (Notoriousx on 11 Jun).

[alter ego] 21/8/2014 22:20

Thanks, but there,s no one there

[rivaldo] 21/8/2014 22:09

A new Buy rec for EROS India:



"Aug 21, 2014, 02.42 PM IST | Source: Moneycontrol.com

Buy Eros International; target of Rs 260: ICICIdirect

ICICIdirect.com is bullish on Eros International Media and has recommended buy rating on the stock with a target of Rs 260 in its August 19, 2014 research report.

"Eros reported its Q1FY15 numbers wherein the topline was at Rs 241.5 crore, up 29.6% YoY vs. estimate of Rs 200.1 crore on account of higher-than-expected growth in theatrical revenues even as the number of movies declined from 12 in Q1FY14 to nine in Q1FY15. The EBITDA came in at Rs 58.4 crore (I-direct expectation of Rs 36.0 crore) due to higher growth in revenue and relatively lower cost of movies due to a higher number of medium to low budget releases. The company reported a PAT of Rs 35.8 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."

"Eros is a leading producer/distributor and has a one of the largest film libraries of over 1200 films. Eros International has exhibited strong growth in the number of movie releases by reaching the tally of total 77 movies in FY13 and 69 movies in FY14 across Hindi, Tamil/Telugu and other languages. The company continues to get it's movie selection right, evident from its presence in five out of top 10 box office releases in the year gone by. Movies such as "Goliyon Ki Rasleela – RamLeela', 'Jai Ho', 'R...Rajkumar', 'Grand Masti', 'One Nenokkadine'(Telugu), 'Raanjhanaa', 'Singh Saab the Great', 'Krrish 3' (Overseas), 'Yeh Jawaani Hai Deewani' (Overseas) turned out to be good bets for the company. In addition, Eros also enjoys a competitive advantage in terms of strong international presence owing to its parent company Eros PLC. We believe theatrical revenues (inclusive of overseas) will grow at a 17.7% and 15.9% YoY to Rs 904.1 crore and Rs 1048.1 crore in FY15E and FY16E, respectively, from Rs 768.3 crore in FY14. For large budget movies, Eros generally recovers the whole production cost even before theatrical release in the form of sale of music rights, satellite rights and 39% guaranteed cost recovery from its parent for international distribution. In addition, monetisation of its huge movie library over pay TV, innovative box office performance linked satellite rights and preview over premium TV (HBO Defined and HBO Hits) will further reduce its dependence on theatrical revenue, which currently stands at ~40%. We expect revenues from TV licensing to grow at 14.0% CAGR in FY14-16 to Rs 352.7 crore in FY16E."

"We expect consolidated revenue growth of 15.3% over FY14-16E and PAT CAGR over FY14-16E of 15.3%. We continue to maintain BUY rating valuing it at 9x P/E multiple. Hence, we arrive at a target price of Rs 260," says ICICIdirect.com research report."

[speedsgh] 21/8/2014 17:51

Eros International (EROS) CEO on Q1 2015 Results - Earnings Call Transcript

[speedsgh] 21/8/2014 17:05

alter ego - think the few that remain interested have moved over to the new thread -

[alter ego] 21/8/2014 16:43

1st qtr results

[rivaldo] 21/8/2014 15:25

EBITDA is down marginally on last year, but still a reasonably good quarter with revenues up 11%.

In particular, digital revenues are up 54%.

Unfortunately this is masked by the huge non-cash debits on Share-based payments and Losses on impairments of derivatives, giving a nice loss-making overall number for the headline-readers.

[speedsgh] 21/8/2014 13:39

Eros International Plc Reports First Quarter Fiscal Year 2015 Results -

EDIT - not sure those results are going to help us get to $20 any time soon.

[rivaldo] 21/8/2014 12:20

Speedsgh. I certainly don't mind, but how long is a piece of string - if we knew the answers to those questions we'd all be living on Necker Island :o))

If the markets sense that EROS is on an upswing, and they sense the opportunity, EROS could imo be at $20 within a matter of weeks.

Given the Indian Q1 results let's hope the consolidated results later on are equally good and light a fire under the share price.

On the other hand, there could be IPO and recent placees who are willing to take a 5%-10% profit and thus keep the share price within range.

But on fundamentals and prospects, imo EROS is worth a lot more than $20, certainly to potential predators seeking an entrée into the Indian sub-continent.

[speedsgh] 21/8/2014 10:21

rivaldo - if you don't mind me asking, what timescale are you putting on the share price achieving $20, subject to wider markets remaining stable? TIA

looking forward to Q1 results later on.

[smurfy2001] 21/8/2014 10:16

His last paragraph is basically my view and am taking a long term view.

[rivaldo] 21/8/2014 10:12

EROS India is really surging now, up to 260 from 220 just days ago.

If the markets remain stable I can see czar's $20 being achieved given the upturn in sentiment.

This sums it up:



"Mehraboon Irani, Principal and Head- Pvt Client Group Business at Nirmal Bang Securities told CNBC-TV18, " Eros International Media has always been an enigma, I always found great value in this particular company. The stock has always been an underperformer. This particular news and the stock has certainly come back into life."

"It is a stock which is possibly in a niche segment, a segment which I personally like. So if I bought it at any price in the past I will continue to hold on to it despite the sharp run up the stock has seen today," he said."

[speedsgh] 20/8/2014 20:01

Steady on, czar. On step at a time. first $17...$18...$19...then $20. We might just still be alive by the time it gets there ;o)

[czar] 20/8/2014 18:42

Has to break $20 soon.-

[smurfy2001] 20/8/2014 17:25

Eros International plc (NYSE:EROS) Leads The Way To Corporate Entertainment In India

Dallas, Texas 08/20/2014 (FINANCIALSTRENDS) – Eros International plc (NYSE:EROS) the Mumbai-based entertainment company is riding the new wave of interest shown by global industry heavy-weights.

The company popular domestically for the varied content it produces, licenses and cross-produces for the countries various media is definitely positioned for strategic growth.

Unlike the US entertainment industry which is by and large organized and in many ways operates via syndicated services is different from the Indian movie production and entertainment industry where majority of those funding the venture are individuals with 'black money.' Typically movies made in this industry, which are called Bollywood movies are unable to raise loans from banks as the industry does not have structures or process to speak of for stakeholders to raise loans.

However, with the new wave of corporatized style of operations slowly making inroads into Mumbai(Bombay) film-making, the likes of Eros International plc (NYSE:EROS) definitely have their plates full.

With only a handful of operators such as Reliance's group and UTV, which is now merged with Walt Disney's Indian venture, there is room for immense growth for home-bred and established player such as EROS.

Eros International plc (NYSE:EROS) in the past five years has marked increase in revenues to the tune of 21.7%. Secondly, the company has been diversifying into multiple arenas of entertainment and therefore away from the pressures of having to make each movie it is involved in a commercial success. It's presence in Pay TV, online as well a digital services which allow it to develop various monetization options is indeed noteworthy.

EROS has now acquired the build of a working model with monetization avenues as it has now seen an increase in the number of subscribers increase internationally.

[rivaldo] 20/8/2014 10:22

Exactly :o))

EROS has soared overnight in India and is now at new recent highs. This announcement seems to have caught the market's attention in both the USA and India - this is hopefully the start of a serious further re-rating.

[czar] 20/8/2014 07:54

Zee TV carries a lot of cricket, the two things Indians LOVE are Bollywood and cricket.

[smurfy2001] 19/8/2014 14:59

Looks like ErosNow could be a digital platform for watching Indian channels.

This is really big news IMHO.

I know Indian famalies subscribe to these on a monthly basis via Sky/Virgin.

If ErosNow picks up further channels, we really could be looking at your next NetFlix for Indian content.

Why subscribe to Sky/Virgin when you could potentially get a cheaper package from ErosNow?

[rivaldo] 19/8/2014 14:44

Cheers speedsgh - EROS' digital platform is gathering steam nicely.