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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Indian Film | IFC | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 107.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 107.50 | 107.50 |
| Top Posts |
|---|
Posted at 29/8/2009 09:23 by spadman --------------------mali7 - 25 Aug'09 - 12:04 - 316 of 319 Very suprised myself. Hence today decided to accept their offer! I gave up fighting against a giant predator - there is not much you can do as small private investor! I guess more will accept that now that they have acheived about 70%, which I can see, take them easily above 75% by September deadline. I guess its time to move the money to something else... -------------------- There is no fight, just dont accept the offer. Why the hell would you accept the offer if you dont like the offer???? Private investors have nothing to lose by taking no action and declining the offer, if Network18 get the 75% you will still get your poxy 40p whether you accept or not!! |
Posted at 25/8/2009 12:04 by mali7 Very suprised myself. Hence today decided to accept their offer!I gave up fighting against a giant predator - there is not much you can do as small private investor! I guess more will accept that now that they have acheived about 70%, which I can see, take them easily above 75% by September deadline. I guess its time to move the money to something else... |
Posted at 30/7/2009 22:08 by stegrego What a bloody offer for the company - 40p the cheeky robbing basts! 1.2% higher than yesterdays close!!They say its to let 'short term' investors exit. WTF... If they get more than 50% but less than 75% they say they will stay listed... Over 75% and they say they might delist... 'Indian Film Company Shares have witnessed a lot of pressure on prices in recent times. Although the share price saw an increase following publication of The Indian Film Company's results for the year ended 31 March 2009, it subsequently fell back. Whilst there has since been a further increase, this has been on the back of very thin volumes and Network 18 Holdings believes that this is an strong indication of the regular downward pressures on the value of Indian Film Company Shares. Whilst one reason for this is certainly the current unfavourable market conditions and the current global situation, Network 18 Holdings understands that some investors are concerned at the share prices being consistently lower than the net asset value of The Indian Film Company. While share prices directly do not affect The Indian Film Company's operations, they do affect the liquidity, market capitalization and future capital raising plans. Network 18 Holdings believes that the Offer provides an opportunity for some short-term investors, who are under pressure, to exit at a reasonable price. Simultaneously, Network 18 Holdings believes that such a clear manifestation of its long-term commitment to The Indian Film Company will be welcomed by longer-term investors.' What a croc. They are trying to steal peoples shares. I guess this would work ok if they only got a tad over 50%, as they would keep the listing. They arent having my shares for 40p though unless its a last resort!! |
Posted at 26/6/2009 09:43 by molatovkid if this starts getting bought in serious numbers then it will really fly....it appears to move on hardly any volume. Surely it must be a matter of time for these quality figures to be taken on board by the wider investment community.Investors Chronicle recommended it aswell.... |
Posted at 11/6/2009 08:09 by pec2004 I had a small beer money punt this morning, got the first trade of the day.From the 10 - 15 minutes I have spent reading about IFC the story does sound good. Never thought I'd be an investor (albeit small) in an Indian Film Company. |
Posted at 04/2/2009 07:28 by nurdin Yes they havent kept investors upto date with their activities and hence the actions by the hedge funds.However their films are proving a great successs at cinemas world wide.Their latest offering 'Ghajini' alone netted £69m at the the box office and now the film is being converted into a video game with Eros as the distributor.No doubt they will collect royalties from the game sales and from the musical scores which too are doing well at the music stores. I hear from their broker that their strategic review includes a package to enhance share holders value which may even involve payment of a special divi. |
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......" |
Posted at 17/1/2009 12:29 by nurdin Thanks for that Jeff.I had a chat with Elara Capital,(who hold 3.2% ) who confirmed that the move was by the hedge funds.The motion is unlikely to go through however (imo) as Raghval Bahl and Network 8(run by the Chairman) hold over 40% of the shares.Other Institutuinal holders are also against such a move as I understand it. The good thing is that this cage rattling by the hedge funds is likely to force the company to take measures which should provide better returns for the investors going forward.One of these actions could be improving the liquidity in the shares which I understand will happen shortly.Improved dividend payment at the year end is another action being contemplated. With such an excellent success record in the Bollywood film industry I dont think IFC will stay at a forward multiple of 1.8 for long. |
Posted at 11/1/2009 22:50 by bubloo I did find this company interseting when i first researced it , however, network 18 directors are being accused of remunerating themselves excessively by using postal votes in agm in India in wake of satyam computers scandal. so i would be sceptical here till i see evidence of good corporate governance. if you read thier IPO document there are various complicated clauses written in to line the pockets of the advisors and directors of network 18. hence i suspect the institutional investors asking for change in directorship by calling for agmbe warned before you get too excited by this company. I am continuing to dig more information but as of yet not optimistic about investing. anyone with mor optimistic differing views welcome to counter my argument. bubloo |
Posted at 12/10/2008 16:38 by trader_666 Well Central execution did say 10p for this pile of dungwhere's that giro investor maestro4, hope he did not top himself |
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