Share Name | Share Symbol | Market | Stock Type |
---|---|---|---|
Indian Film | IFC | London | Ordinary Share |
Open Price | Low Price | High Price | Close Price | Previous Close |
---|---|---|---|---|
107.50 | 107.50 |
Top Posts |
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Posted at 01/10/2010 18:11 by spooky I have a vision of all these IFC shareholders wandering around this weekend oblivious to the fact that their shares are no longer worth 35p but in actual fact are now worth 115.56p.My word i bet they are going to be smiling when they see the price on Monday,i don't own any but i love the romance of buying shares,it doesn't happen often but when it does isn't it wonderful. |
Posted at 24/8/2009 14:35 by thecornishman2 Hi Stegrego,Thanks for the reply. I understand the IFC response to the bid and have little doubt that the company is being purchased for less than it ought to be, but as I said before it is the possibility of delisting that has concerned me. I see Network18 have now released a further RNS saying they have reached approx. the 70% level and have set Sept 7th as the closing date of the offer. I have been undecided as of yet as how best to proceed, but given that the 75% level is getting closer and with the closing date set, I think I am more inclined now to accept but remain a little uncertain (or that might more accurately be described as 'greedy' I guess ;-) Would be interested to hear your take on the new RNS. It's going to be a shame to see this one get taken-out as such a low level, but it does now look to me like that is how this is going to play out. Regards, TC |
Posted at 20/8/2009 11:55 by stegrego They have said they wont condsider delisting unless they get at least 75%.I cant see them suddenly getting 25% more or anywhere near that. Im going to stick with them, as IFC board is still advising..... Re-read IFCs response from yesterday. |
Posted at 31/7/2009 05:39 by nickcduk I think you will see a number of offers like this from the promoters of Indian stocks listed on Aim. UCP and HRCO are 2 that are particularly prone to offers as they trade on such large discounts to NAV just like IFC. |
Posted at 15/6/2009 13:22 by gdasinv2 The Indian Film Company Limited ("IFC" or the "Company" or the "Group") Final results for the year ended 31 March 2009 The Indian Film Company (AIM:IFC), a specialist investment company dedicated to the Indian film industry, is pleased to announce its first set of full year results for the year ended 31 March 2009: Highlights Financial * Revenue of GBP40.90m (period ended 31 March 2008: GBP11.45m) * Net profit increased by 98.5% to GBP3.89m (period ended 31 March 2008: GBP1.96m) * Earnings per Ordinary Share increased to 7.07 pence (period ended 31 March 2008: 3.56 pence per Ordinary Share) * Net Asset Value increased by 17.8% to 117.32 pence per Ordinary Share (2008: 99.59 pence per Ordinary Share) * The Group's film projects had a carrying value of GBP52.06m at the year end. SO IN THIS CONTEXT AND COMAPRE TO EROS, THE SHARE PRICE IS VERY CHEAP...........AT THIS LEVEL |
Posted at 15/6/2009 11:54 by gdasinv2 IFC has signed up major deals and with current huge profit, they are in top picked now |
Posted at 11/6/2009 07:50 by mali7 These are bargain at these levels. Why?I think in a recession we spend more on entertainment such as movies to enjoy a night in and the flashing bolloywood movies are one of the best to give you good feeling - such as slum-dog millionaire etc etc Last week BBC showed in news which confirmed we are spending more on entertainment during the recession. IFC made good profit progress, is matter of when DIV will start as well and these will be re-rated to another level. Good luck long-term holders. |
Posted at 10/6/2009 07:05 by nilip RNS Number : 6201T Indian Film Company Limited (The) 09 June 2009 The Indian Film Company Limited ("IFC" or the "Company") UPDF- Multiplex Dispute Resolved Further to the Company's announcement of 14 May 2009, IFC is pleased to announce that after weeks of negotiations, the United Producers and Distributors Forum ("UPDF") and Multiplex owners in India ("Multiplexes") have finally reached a consensus on the new revenue sharing terms and the two month long strike called by the UPDF has come to an end and it is expected that new films will start releasing at the box office on 12 June 2009. Under the new revenue sharing agreement between the UPDF and the Multiplexes the producers and the distributors will get an opportunity to earn a higher revenue share for their films. The new revenue share terms will apply to all films irrespective of their sizes. The revenue share terms which have been agreed are as follows- 50 per cent. in the first week, 42.5 per cent. in the second week 35.7 per cent. in the third week and 30 per cent. from the fourth week onwards compared to the previous revenue share of 48 per cent. (45 per cent. for smaller films) in the first week, 38 per cent. (35 per cent. for smaller films) in the second week, 30 per cent. in the third week and 25% from week four onwards. Furthermore, the new terms entitles the producers and distributors to earn a 2.5 per cent. higher revenue share in week one and two for films that exceed net box office collections over the life of the film of Rs 175 million (GBP 2.32 million) or more, collectively at the 6 major multiplex chains across India namely Adlabs, PVR, Inox, Cinemax, Fun and Fame. This is expected to result in a significant increase in the domestic box office revenues. Under the new terms agreed with the Multiplexes, producers and distributors will have more control over a film's distribution strategy as they will have the right to select the Multiplexes in which a film will be exhibited. IFC is expected to benefit from these new revenue sharing terms and as a result will receive increased revenues from the domestic box office for its upcoming releases. The Company has reviewed the release dates of it's current films and has scheduled a new timetable to ensure that the Company will be able to release all its films planned for the current financial year between July 2009 and March 2010. This will start with, the release of the film "Shortkut - The con is on" on 10 July 2009. |
Posted at 02/3/2009 20:21 by sat69 Hardly set the share price alight today...RNS Number : 0130O Indian Film Company Limited (The) Press Release 2 March 2009 The Indian Film Company Limited ("IFC" or the "Company") The Indian Film Company to co-produce 'Bend It Like Beckham' director's new venture 'It's A Wonderful Afterlife' The Indian Film Company (AIM: IFC), the leading Bollywood film investment company is pleased to announce that it has agreed to co-produce 'Bend It Like Beckham' acclaimed director Gurinder Chadha's next venture 'It's A Wonderful Afterlife.' Chadha's earlier works include 'Bhaji On The Beach', 'Angus, Thongs and Perfect Snogging' and 'Bride & Prejudice'. 'It's A Wonderful Afterlife', has been described as 'My Big Fat Greek Wedding' meets 'Shaun Of The Dead', and is set for release in early 2010. Chadha's long-time collaborator and husband Paul Mayeda Berges has written the screenplay along with Chadha. London-based global sales company, Hanway Films, is handling the overseas sales, while IFC is releasing the feature in the Indian territories. Filming will start on 28th March 2009 in London. The multi-cultural cast will include the legendary Indian actress, Shabana Azmi, Sendhil Ramamurthy ('Heroes'), Shaheen Khan ('Bend It Like Beckham'), and British-Indian theatre actress, Goldie Notay. More international names are being confirmed and will be announced shortly. Last year, after IFC successfully released Bollywood smash hits including 'Singh Is Kinng' and 'Ghajini', it ventured into international film production. 'Little Zizou', Sooni Taraporevala's directorial debut which was co-presented by Mira Nair, won three awards at international film festivals in New York and Singapore, while the script of 'Road, Movie' (provisional title), a Dev Benegal film, was an official selection at Cinefondation, Cannes 2006. Sandeep Bhargava, CEO of the advisory company to IFC, commented: "We are delighted to have joined forces with Bend It Films to produce this comedy. Gurinder Chadha is an extremely talented and popular writer-director whose films have fared incredibly well at the box office. Once again The Indian Film Company has set an industry first in Bollywood, this time as the only Indian film company to have worked with both Mira Nair and Gurinder Chadha, both incredibly successful Asian directors on the international circuit. We look forward to further increasing our presence in the international film scene." |
Posted at 22/1/2009 07:14 by darlocst "IFC Requisition Grp Thursday 22 January, 20097:00A - Statement to IFC Shareholders Communication to the Shareholders of The Indian Film Company ('IFC' or 'the Company')) From the information in the letter of 12 January 2009 from Shyam Benegal to IFC shareholders ('the Letter') issued by IFC and the IFC Requisition Group ('IFCRG') announcement of 16th January 2009 (see below), it may appear to those not involved in discussions that have been taking place that IFCRG's actions are unnecessarily hostile. Whilst the position of IFCRG remains firm, it is important for all shareholders to understand IFCRG's position and the history behind the EGM and why IFCRG was left with no sensible alternative to protect its investment in IFC and seek to achieve an appropriate and liquid share price. IFCRG had sought to communicate directly to IFC's shareholders so that they could have a full understanding of IFCRG's requisitioning of the EGM. In the past two weeks a member of IFCRG has twice requested from the Company, as it is legally entitled to do, a copy of the most recent IFC share register. So far, IFC has not complied with this straightforward request. IFCRG considers that IFC's inaction is certainly not in the best interest of IFC shareholders. IFCRG seeks that IFC provide IFCRG with the information it has requested forthwith. IFCRG is disappointed with the stance taken by IFC in obstructing IFCRG's efforts to ensure investors are able to consider and vote on the Resolutions at the EGM on the basis of a full understanding of the position......" |
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