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EROS Eros

235.50
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Eros LSE:EROS London Ordinary Share GB00B13JS954 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 235.50 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Eros Share Discussion Threads

Showing 10176 to 10197 of 10575 messages
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DateSubjectAuthorDiscuss
30/10/2015
21:16
and another:


Pomerantz Law Firm Investigates Claims On Behalf of Eros International Plc - EROS


NEW YORK, NY / ACCESSWIRE / October 30, 2015 / Pomerantz LLP is investigating claims on behalf of investors of Eros International Plc ("Eros" or the "Company") (EROS). Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 9980.

The investigation concerns whether Eros and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.

On October 30, 2015, the investment blog Alpha Exposure published a report titled "Unlike the name, investors should not love EROS." The Alpha Exposure report stated, in part, that: (1) "EROS' reported earnings are significantly overstating the economic reality of its business model" as a result of the Company's "aggressive accounting practices"; (2) "EROS subsidiary financials reveal a lack of free cash flow and raise many questions about the company's accounting"; and (3) "EROS has enriched its controlling family at the expense of shareholders through a series of related party transactions."

On this news, the Company's common stock fell $1.69, or more than 13 percent, to close at $11.17 on October 30, 2015.

The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Florida, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.

SOURCE: Pomerantz LLP

eurofox
30/10/2015
21:13
Yet another investigation:

Rosen Law Firm Announces Investigation of Securities Claims Against Eros International Plc – EROS

NEW YORK--(BUSINESS WIRE)--

Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Eros International Plc (EROS) resulting from allegations that Eros may have issued materially misleading business information to the investing public.

On October 30 2015, a report was published on Eros asserting, among other things, that: (1) Eros’ reported earnings are significantly overstating the economic reality of its business model; (2) Eros’ subsidiary financials reveal a lack of free cash flow and raise many questions about the company’s accounting; and (3) Eros has enriched its controlling family at the expense of shareholders through a series of related-party transactions. On this news, shares of Eros fell $1.69 per share or over 13% to close at $11.17 per share on October 30, 2015, damaging investors.

Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Eros investors. If you purchased shares of Eros on or before October 29, 2015, please visit the firm’s website at hxxp://rosenlegal.com/cases-770.html for more information. You may also contact Phillip Kim, Esq. or Kevin Chan, Esq. of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or kchan@rosenlegal.com.

Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.

Attorney Advertising. Prior results do not guarantee a similar outcome.



View source version on businesswire.com: hxxp://www.businesswire.com/news/home/20151030006037/en/




Contact:

Laurence Rosen, Esq.
Phillip Kim, Esq.
Kevin Chan, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 34 th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
kchan@rosenlegal.com
www.rosenlegal.com

eurofox
30/10/2015
19:32
Always looked at this and thought it was one I should have kept when it delisted and moved across the pond.

Looks like another Globo, unbelievable given the exposure and presence the company holds on the sub continent

keya5000
30/10/2015
19:16
SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Eros International Plc.


EROS INTERNATIONAL PLC (NYSE:EROS)
Intraday Stock Chart

Today : Friday 30 October 2015
Click Here for more EROS INTERNATIONAL PLC Charts.

NEW YORK, Oct. 30, 2015 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of Eros International Plc. ("EROS" or the "Company") (NYSE: EROS -News). Such investors are advised to contact Peretz Bronstein or his investor relations coordinator Eitan Kimelman at info@bgandg.com or 212-697-6484.

The investigation concerns whether EROS and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.

On October 30, 2015, the investment blog Alpha Exposure published a report titled "Unlike the name, investors should not love EROS." The Alpha Exposure report stated, in part, that: (1) "EROS' reported earnings are significantly overstating the economic reality of its business model" as a result of the company's "aggressive accounting practices"; (2) "EROS subsidiary financials reveal a lack of free cash flow and raise many questions about the company's accounting"; and (3) "EROS has enriched its controlling family at the expense of shareholders through a series of related party transactions."

Following this news, shares of EROS fell $1.29, or 10.03%, during intraday trading to trade at $11.57 on October 30, 2015.

If you are aware of any facts relating to this investigation, or purchased shares of EROS, you can assist this investigation by contacting Peretz Bronstein or his Investor Relations Coordinator Eitan Kimelman of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email info@bgandg.com. Those who inquire by e-mail are encouraged to include their mailing address, email and telephone number.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Eitan Kimelman 212-697-6484
info@bgandg.com

eurofox
30/10/2015
17:53
I warned about this lot in 2012



When will people learn that these "profitable" companies that have don't cash flow to match are likely to end in tears? Never, I guess. Too effing stupid and gullible.

britishb
30/10/2015
17:51
India's internet user count is higher than the population of the USA.
blusteradjuster
30/10/2015
17:41
Not sure people will watch films on their phones (unless using wifi?) but this purchase makes some kind of sense.



Indian film company Eros International has agreed to acquire a controlling stake in mobile services firm Universal Power Systems Private Limited, which does business under the name Techzone.

“Techzone will be a strong addition to our ErosNow strategy where content meets technology and distribution,” said Eros CEO and managing director Jyoti Deshpande. “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.”

“Consumption of content through mobile platforms is on the increase, and the timing of this alliance could not have been better,” added Techzone founder, CEO and managing director Naveen Bhandari.

blusteradjuster
30/10/2015
17:40
I just found this, the author is short on the stock.
smurfy2001
30/10/2015
16:55
I didn't have any shares - their share price has just dropped off a cliff - so anyone still holding bonds will probably be savaged again on monday
eurofox
30/10/2015
16:44
On the basis of the share price plunge and the 2 reports that were revealed today, I decided to cut loose too. The biggest hit I've taken for several years...so much for bonds being a safe haven !
wirralowl
30/10/2015
15:25
got out of the bonds completely earlier today - starting to look like a dead duck
eurofox
30/10/2015
14:40
Oh dear. Looks like you could be in trouble here
elcapital
30/10/2015
13:57
Unlike The Name, Investors Should Not Love EROS -
speedsgh
30/10/2015
13:33
Fixed Income Investor: Bond of the Week (30 October 2015)
Eros 6.5% 2021 -

...Conclusion. This affair will conclude but I don’t know how it will conclude. The bond price must either go a lot lower or we must discover there is nothing to be worried about. In this case the price must rally, although I doubt all the way back to where it was. You could argue that there are no substantive given reasons for the price falls and the company has denied there is a problem so it is a very cheap asset. However, I would respond that this is a question of trust and trust is a nebulous and slippery thing and to have or not have it may not depend on overt facts. Personally I am not going to buy any bonds. If the odds look good, I don’t mind having a punt on an uncertain outcome depending on a random or unknowable future; for instance an investment in a troubled bank when it is not known quite how bad the loan book is, a resource company dependent on future commodity prices or a company in need of government support that will depend on the whimsy of politicians. However, in this case I feel I neither understand the situation nor do I know what is going on; but someone else may do. I note that as I finish this article, with interruptions, two hours after starting it, the bond price is 2% lower than when I started.

speedsgh
30/10/2015
11:50
Hmmm. As a holder of the ERO1 bonds (in too early last week), I am very much hoping that this isn't a case of 'no smoke without fire'!
speedsgh
30/10/2015
11:06
receivables look really strange especially the huge increase in the last financial year without any sort of adequate explanation. Having said that the net debt is small against the balance sheet value of the film rights and the chief financial officer has a good pedigree.The accounting certainly requires further explanation but I have bought some bonds on the basis of their being covered by realisable assets excluding receivables as part of the largely unsecured debt base.
lonrho
30/10/2015
09:55
As a bond holder, shocked again to see how quickly this can fall. Another 13% this morning to 63.25p, giving a YTM of 16.25% !?!

The market certainly seems to be giving Market Farce a lot of credibility, but I'd agree, if what he is saying is unfounded then surely the company should be looking to take action against some of his claims.

The company also said results will appear in early November and answer many of the concerns. Well I hope they mean early 'early November', because at this rate, every day will mean a bigger mountain to climb...

wirralowl
29/10/2015
21:34
In between expressions of admiration for Donald Trump, there is much mud slung at Eros.
blusteradjuster
29/10/2015
21:28
Netflix, nice thought $$$ ... The latest results will out in November, so that could provide a catalyst.
michael156
29/10/2015
21:17
Yes but a 60 per cent drop seems crazy. I can see we are now vulnerable to a bid. Netflix would love the library and erosnow subscribers. It must rebound from here. Surely more upside than downside.
yorkie52
29/10/2015
20:59
Shouldn't do Yorkie, they've been around a while and the concept is so good, they love their movies out there! Really not sure what's going on here, as Smurfy2001 previously mentioned, it's all gone haywire since the investor day, whatever or whoever it is has certainly spooked the market.
michael156
29/10/2015
20:16
I'm still in, been through a couple of rocky rides here in the past but always comes out ok. Lets hope the same applies this time... There's no facts to prove differently.
michael156
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