Indian Film Share Discussion Threads

[diku] 04/10/2010 13:16

Where are all the trades?...

[evaluate] 04/10/2010 09:20

Wow.

Let's hope it happens to Eros next!

[mali7] 04/10/2010 09:09

In August 2009 most share holders above 80% I think accepted a cash offer for 40p ish, as the directors recomended that. Now 1 year later they are worth 115p!

I guess most PIs sold then as this share has been down for ages, so todays offer of no benefit to PIs - right?

[spooky] 01/10/2010 18:11

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.

[stegrego] 13/10/2009 20:01

Quite glad i got forced out here, as current trading has been poor.

TU is probably overly miserable so that the last few holders sell up.

[spadman] 29/8/2009 08:23

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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...

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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!!

[spadman] 28/8/2009 11:23

why is the bid 39p when there's a 40p bid on the table that no one wants?

[evaluate] 25/8/2009 16:53

I had this on my watchlist but picked Eros instead.

Seems like I got lucky this time.

Might be worth the reluctant sellers taking a look at Eros.

I think it has many similar characteristics.

Just a thought.

[thecornishman2] 25/8/2009 15:30

Hi Mali7,

I find myself in complete agreement with you and have hence reluctantly decided to accept the cash and move on.

Regards,

TC

[mali7] 25/8/2009 11:04

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...

[stegrego] 24/8/2009 17:49

Hmm very suprised that they have now got nearly 70%.

Id concur that its looking quite likely now that its going to go through.

Daylight robbery

[thecornishman2] 24/8/2009 14:35

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

[stegrego] 20/8/2009 11:55

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.

[thecornishman2] 20/8/2009 10:08

Hi Stegrego,

Thanks for the reply.

My greatest concern would be that Network18 now acquires enough shares to delist - then other shareholders will find themselves with an investment they have no obvious way to exit.

If the company does well from here on out that might not be so terrible, but the possible future loss of a market quotation, for me, removes an important, indeed fundamental, aspect of the margin-of-safety which is being able to step away if things don't go so well.

The more I think about it, the more I think I will probably accept the offer now. I've enjoyed a pretty sizeable gain (in % terms anyway ;-) over a very short period of time and whilst I was originally hopeful of more, to hang on in this position intuitively seems riskier than I am happy with.

If other shareholders feel the same way, then obviously the de-listing could become a self-fulfilling prophecy, so in essence we are all stuck in a game of prisoner's dilemma until the offer closes.

Before Network18 moved over 50% there was still hope but now that shareholders have handed-over effective control my view would be that the company is, ceteris paribus, worth less than it was before (although probably still more than 40p)! However, as such, the guarantee of 40p looks relatively better (to me) than it did previously.

That's my line of thinking at the moment, but it is open to revision if someone can point out any errors in my reasoning.

Best Regards,

TC

[mokhan2] 20/8/2009 00:01

It suggests that the company will find it hard to maximise shareholder value; Network18 have shown their intentions and will, most likely, continue to try and buy the company on the cheap. I've been watching this share for a while, deciding whether to buy in... solely because of Network18... still undecided...

[stegrego] 18/8/2009 22:43

They have 50.2% or something like that.

That means they will stay listed on AIM.

Sure they have majority ownership, but i dont see that being a big problem.

What does it conjour up for you?

[spadman] 15/8/2009 21:08

Nice to see the independent Directors urging shareholders reject offer by taking no action. I was concerned they may have sold us out. My documents went straight in the bin as should everyone elses :)

[spadman] 13/8/2009 11:48

daylight robery

[kenmitch] 06/8/2009 19:49

The bidder holds so many already - so they may well get away with this bid at a far too cheap price. Pity I hold these and didn't switch to Eros after their good news yesterday.

I had hoped that the rising share price was hinting at other bidders but the fall today makes that less likely. In these bid situations the market seems to get it right far more often than not.

[stegrego] 05/8/2009 11:54

They can recommend whatever they want - doesnt mean that people will sell at that....

This could go the wrong way if the directors hold large amounts of shares and they get offered a nice position in the new company...

No time to check holdings at the mo though.

[mali7] 05/8/2009 10:57

True, and hope so. With NAV so high, hope offer comes in at least 50p/60p+

[bardfield1] 05/8/2009 10:50

Can't see how the Board can recommend sale at 40p when the share price is closer to 45p, offer must be increased.

[mali7] 05/8/2009 10:16

NAV is above £1.

Although share price increase could be good, it could be just short-sellers having to cover their postions, that is pushing up the price a bit now? Any thoughts? I wonder what the company would recomend?

[bardfield1] 04/8/2009 11:15

Share price rising above the offer price, does this mean that there is going to be a counter offer ?