Eros Share Discussion Threads

[smurfy2001] 15/10/2015 00:29

Any idea why the drop?

[aimingupward2] 14/10/2015 22:28

I understand the meaning of the phrase, jazza, but not it's relation to, or application to, a very heavy share price fall in huge volume.

[aimingupward2] 14/10/2015 22:11

"I suspect that a book is being talked."

I don't understand what you mean jazza. Could you be kind enough to explain.

[boonboon] 14/10/2015 21:23

Not monetising erosnow yet. Just going for subscriber numbers. You can get a replay of yesterdays investor conference on their website. It is very long though. I am still confident for the long term, but short term it might disappoint.

[jazza] 14/10/2015 21:20

I suspect that a book is being talked..

[foot in mouth] 14/10/2015 21:10

Wow - down 20%. I guess someone knows something we don't. Shocking if there is a leak that the subscriber figures ain't so good.

[aimingupward2] 14/10/2015 20:49

However, wretched share price response today, and on extremely heavy volume. Any ideas why?

[buetowa] 14/10/2015 13:02

Interesting acquisition made yesterday advancing their digital strategy...

The acquisition of PingTune, a UK-based music messaging company that allows fans to discover, share and listen to music through their app on iOS & Android. The PingTune acquisition provides Eros’ digital platform ErosNow with a first mover advantage in building a differentiated, one-of-a-kind music experience over any other major platform in India.

PingTune is a UK-based music and artist messaging and discovery platform that allows a deeper social connection between music, fans, and artists. PingTune allows fans to discover, share and listen to music through their app. In addition, PingTune enables artists to create and own official profiles so that they can interact and deliver content directly to fans.

Eros International Acquires Music Messaging Innovator PingTune


PingTune

[rivaldo] 14/10/2015 10:05

This guy met EROS this week in a broker-led meeting and is very bullish:



"Eros: Bullish Thoughts Post Management Meeting

Oct. 13, 2015 4:22 AM ET | About: Eros International Plc (EROS), Includes: BABA, LGF, NFLX

Summary

•The box office remains strong, with EROS accounting for five of top 10 highest-grossing films.

•International expansion is a potential catalyst for the shares.

•OTT streaming product progressing ahead of expectations. Original content in focus.

This author had the chance to meet Eros International Inc. (NYSE:EROS) management during a broker-led meeting and came away pretty impressed ahead of the company's Investor Day, which is scheduled for Tuesday. Overall, the box office trend in India is strong, and EROS should see a relatively strong year with several key Bollywood titles, while the joint production with Chinese movie stars could add further upside to its box office estimates.

As regards the OTT product, company management appears to be very enthusiastic about its prospects. Although no financial metrics were given, management is confident that the company could become the dominant OTT platform provider in India, on par with Netflix (NASDAQ:NFLX) in North America. Finally, like NFLX, EROS is focusing on original content to differentiate itself from its competitors. Several new titles are in the pipeline, and the initial commentaries by management are positive. I remain bullish on the stock, as it is well positioned for the OTT trend taking shape in India.

Based on my conversation with management, the box office this year is certainly on the right side of the trend, with EROS representing five of the top ten highest-grossing Bollywood films in India this year, such as Bajrangi Bhaijaan, which generated over $120m in box office sales and sold out a 5k-seat cinema in Korea. This not only highlights the company's ability to delivery blockbuster hits, but also points at the potential overseas opportunity, where the demand for Bollywood films is growing.

As such, the company is collaborating with Jackie Chan to produce Kung Fu Yoga in China, designed to penetrate the Chinese film market. Depending on the demand, I would not be surprised to see Alibaba (NYSE:BABA) taking a stake in EROS as it ramps up on its OTT services and foreign content as part of its ecosystem expansion. BABA is well known for working with Lions Gate Entertainment (NYSE:LGF), given LGF's track record in delivery hits at a budget - something EROS is also known for. I believe this could be a catalyst for EROS shares in the medium term.

A bit disappointing was that there was no definitive word on the EROS OTT product, but management commentaries suggest that the usage and conversion rates are progressing ahead of expectations. When asked about its take on the potential entry of NFLX into India, management believes that it will be a positive rather than a negative for the OTT landscape, which I agree with, given that NFLX has traditionally partnered with local media companies that have a proven track record in creating original content. In Japan, NFLX is collaborating with Fuji Media, and it is likely to do the same in China and Korea when the company finalizes the partnerships in 2016 and beyond. I see EROS to be the likely choice for NFLX to partner with as part of its entry into India, given EROS's focus on original content. Worth noting, it has created several animated web comic series to educate the market about its upcoming film Bajirao Mastani (scheduled for a December 18 release), so I expect this original content to be a hit upon release.

I am bullish on EROS, as the company is still in its early stages of development."

[boonboon] 13/10/2015 20:19

30million plus subscribers for Erosnow .

[rivaldo] 13/10/2015 12:30

It's EROS' Investor Day today, so hopefully lots more investor interest to follow.

Nice comment from Knight Assets that they believe EROS is now worth "at least $68 per share" per the above article:

"We believe that the Company is materially undervalued, and is worth at least US$ 68 per share, based on conservative assumptions before taking into account further multiple expansion potential as it compares to related companies".

[aimingupward2] 12/10/2015 21:27

error - double post.

[aimingupward2] 12/10/2015 21:23

Yes, excellent indeed, rivaldo. The whole article is worth reading.

The share price has done well today, up 4.5% ahead of tomorrow's investor day so the outlook looks good coming into 2nd qtr earnings figure and half yr interims in, hopefully, the next few weeks.

[rivaldo] 12/10/2015 11:08

Excellent new article which may generate some interest in the USA:



"Conclusion

Given its leading market share, a massive lead in terms of total movie library size (per its CFO at the 2015 Media, Communications and Entertainment Conference, the company owns over 3,000 titles, versus roughly 200 for the next largest studio), a market leadership and first-mover position in digital streaming, and with macro tailwinds at its back, it's easy to see a pathway for significant long-term revenue and earnings growth.

Analysts estimate that earnings will grow roughly 40% this year and 45-50% next year to roughly $1.50 EPS, which puts the company at a 20 p/e. Realistically, I think the stock should be trading at a much higher price. I don't think it would be unreasonable to see it trading in the triple digits within 1-2 years. EROS is hosting its first ever Investor Day on October 13, and I'm hoping to hear more about the progress of the Eros Now platform. I think EROS is a great long-term play on the Indian middle class and broadband internet penetration in India."

[boonboon] 09/10/2015 21:44

I suspect we will get updated subscriber numbers for erosnow.

[rivaldo] 29/9/2015 16:13

Interesting news story - this values EROSNOW alone at $800m if it comes about:

[smurfy2001] 27/9/2015 18:22

PM
Some of you may have seen Eros Internationn
PM
Our story
PM
didnt go down too well
PM
Stock fell about 4% on our suggestion that it has goldman working on a strategic stakeholder
PM
Which may well prove to be Amazon
PM
Thou Tencent of China also in talks, apparently
PM
Turns out this stock has a number of people who really don’t like it
PM
Certain west coast short specialist has been digging into it
PM
Lots of related party transactions, boardroom funnies and so on
PM
But still — we think a deal is on the cards here.
PM
And if and when it happens it won’t be at $30

[smurfy2001] 25/9/2015 22:01

Eros International PLC (NYSE:EROS) reported a rise of 28.3% or 200,637 shares in its short interest. The short figure came in at 3.2% of the total floats. The average daily volume of 594,128 shares suggests that the days to cover 908,509 short positions, as on September 15,2015, will be 2. On August 31,2015, the short interest was 707,872 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on September 24th.

Shares of Eros International PLC (NYSE:EROS) ended Thursday session in red amid volatile trading. The shares closed down 0.71 points or 2.37% at $29.27 with 726,427 shares getting traded. Post opening the session at $29.97, the shares hit an intraday low of $28.3101 and an intraday high of $31.59 and the price vacillated in this range throughout the day. The company has a market cap of $936 million and the number of outstanding shares have been calculated to be 31,982,000 shares. The 52-week high of Eros International PLC (NYSE:EROS) is $39.01 and the 52-week low is $14.01.

Institutional Investors own 69.2% of Company shares. During last 3 month period, -1.35% of total institutional ownership has changed in the company shares.

Eros International Plc is up 21.05% in the last 3-month period. Year-to-Date the stock performance stands at 38.33%. Eros International Plc has lost 4.78% in the last five trading days and dropped 4.47% in the last 4 weeks.

Eros International PLC (NYSE:EROS): The mean estimate for the short term price target for Eros International PLC (NYSE:EROS) stands at $36 according to 3 Analysts. The higher price target estimate for the stock has been calculated at $44 while the lower price target estimate is at $24.

Eros International Plc (Eros) is an integrated media and entertainment company. The Company is engaged in the acquisition, co-production and distribution of Indian films and related content. The Company operates in three segments: theatrical, television syndication and digital and ancillary sources. Eros operates in over 50 countries with worldwide offices in India, United Kingdom, United States, Dubai, Australia, Fiji, Singapore and Isle of Man. It distributes content primarily in Internet protocol television, video on demand (including subscription video on demand and direct to home) and online Internet channels. It releases Indian films that are subtitled or dubbed in local languages to Germany, Poland, Russia, Indonesia, Malaysia, Taiwan, Japan, South Korea, China and Arabic speaking countries.

hxxp://www.insidertradingreport.org/eros-international-plc-short-interest-update/6109538/

[smurfy2001] 24/9/2015 20:06

Amazon grabbing a slice could bring a ton of content to prime although Netflix would be my preference.

As for the share price weakness, the index is down massively so I'd suggest it's linked to the wider market.

[rivaldo] 24/9/2015 15:52

Hello...just out on FT Alphaville this afternoon - Amazon or an unnamed Chinese suitor are in a race to take a 20% stake in EROS....



"Eros International, potentially requited
FT Alphaville
Sep 24 14:30

That’s New York-listed Eros International, one of India’s largest film studios and the folks responsible for some of the best dance scenes of the decade, popping 10 per cent yesterday.

And Alphaville’s usually well informed sources think they know why. This is RAW, obviously…

According to said well informed sources, Eros have hired Goldman Sachs to find them a strategic investor who wants to pick up a 20 per cent stake in the company. And we hear they’re pretty close to a deal, with the race primarily between Amazon and a mystery Chinese company.

The idea of a strategic investor is, presumably, to find a body that can help Eros with its ambitions to become the Netflix of India. The Bollywood Netflix, if you will. And it wants to do so before the actual Netflix gets there first, naturally.

Last July, and ahead of the expected 2016 entry into India of its vastly larger competitor, Eros unveiled the latest iteration of its Eros Now service, which offers streaming Bollywood movies, television shows and music to about 19m users. There’s a market which will apparently be worth Rs1.2trn ($19bn) by 2020, according to KPMG, up for grabs.

Against Eros is the size of Netflix and, to a lesser extent, Murdoch’s StarTV. For it is the fact that Indian consumers really do like their entertainment home grown and… unique:

(That’s a near 9mins of Bollywood-homage-dancing that takes place in a film which tries to take ironic swipes at Bollywood. Go figure. Related: We very much look forward to Eros’s promised remake of House of Cards.)

Anyway, here’s CEO Jyoti Deshpande in July:

“We are talking to lots of international companies,” she said. “But if any strategic deal is going to happen it would be more for distribution, content or to bring in a big brand name . . . whether it is internet companies in China, or content partners in the US.”

Previously Bloomberg reported that Eros was “in advanced talks to sell a stake in its Eros Now unit to Singapore-based Fullerton Fund Management” (a unit of Singapore’s Temasek) valuing “Eros Now at as much as $800 million”. Which is… punchy for an unproven offering.

That didn’t go anywhere (even if we do understand the interest was broadly real) which you can possibly see in the stock price…

Updates as/ if we get them after the NY open.

For what it’s worth, our money’s on Amazon winning this".

[rivaldo] 18/9/2015 09:44

EROS "have hit the jackpot all over again" with Welcome Back which is now set to take 100 crore in India alone: