Indian Film Share Discussion Threads

[sat69] 02/3/2009 20:21

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."

[nurdin] 24/2/2009 07:42

Excellent news...this should underpin forecasts going forward..:o)

[nurdin] 18/2/2009 08:25

What a fabulous income stock with the yield now at 8.7% at the offer price,rising to 16% for the year beginning March 09.

House brokers Oriel Securities gave me to understand that the divi is safe both for this year and the next.

[sat69] 10/2/2009 14:05

Looks like a big order is being worked on. Probably see a largeish trade go through near the close.

[nurdin] 10/2/2009 09:45

Looking good guys...albeit on virtually no visible volume

[nurdin] 05/2/2009 08:01

Oriel Securities

03-02-09 BUY 6.50 9.10 2.30// 12.80 17.30 4.40


Oriel forecasts for PBT,EPS and Divi for 2009 and 2010

[sat69] 04/2/2009 17:05

Can you post a link re the divi please?

[sat69] 04/2/2009 12:14

Do you have a link for that please Nurdin?

[nurdin] 04/2/2009 09:06

Brokers have pencilled in 2.3p for the full year and I was told the Company is happy with that.

[sat69] 04/2/2009 08:55

Nurdin - I wasn't aware that IFC has ever paid a divi.

[johnrxx99] 04/2/2009 08:28

Noted. Will await results I guess.

[nurdin] 04/2/2009 07:45

All I can say is that the Company is very comfortable with the brokers estimates of £6.5m pbt,9.1p eps and a divi of 2.3p for the year ending March 09.No doubt you will notice that that translates to a PE of 2.8 and a dividend yield of 9%

[johnrxx99] 04/2/2009 07:33

But how does gross box office convert to profit. It's OK making good films but do they make money? I've not seen a word about that aspect in the release.

[nurdin] 04/2/2009 07:28

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.

[johnrxx99] 04/2/2009 02:58

Been looking but doesn't smell good. What has put me off is the spending of nearly all the IPO proceeds by September 08 and only £7m left.

These films have a short shelf life as there are so many others produced. I can see a lot of rich Indians siting in Mumbai having a laugh. Time will tell and will continue to observe but too risky for me at present.

Just my thoughts, no harm intended.

[rhuvaal] 26/1/2009 13:25

Many thanks

[nurdin] 26/1/2009 12:45

Well done Rhuvaal.I bought after reading their trading statement and checking out the fundamentals.The main risk is that a couple of hedge funds have started a motion to oust two of their senior Directos but personally I do not think anything will come of it.

They didnt pay a divi at the interim stage but I have been told by their brokers that they are likely to pay 2.3p for the year just finished and 4.4p for the year just started.

I am looking forward to their results which I am sure will be ahead of expectations based on their recent trading statement.

[rhuvaal] 26/1/2009 11:56

nurdin: that was me, having picked you up on the chns thread and after reading all the stuff you proffered thought I'd make a start switching from a regular uk stock. Eros looks good too but, like many I suspect, I'm moving more carefully where no income is on the agenda.
Also, with the market being that dire I imagine tip sheets may be read by weary pi's but with little effect - few have the bottle for it at the moment..

[nurdin] 26/1/2009 11:25

Nice 40k buy there...must be a stock overhang here...

[nurdin] 24/1/2009 17:28

Not new but this tip by Midas last July sums up very nicely why IFC (and also Eros) make such a good case for investment.

[nurdin] 24/1/2009 17:08

Brokers have pencilled in a divi of 2.3p for the year to March 2009 (7.7% yield at 30p),which is forecast to rise to 4.4p in 2010(14.6%).With recent actions by some hedge funds IFC darent cut the divi...infact I half expect them to give a special divi to appease the share holders.

There is also a significant scope for capital growth as the stock is trading on forward pe of just 1.68.A rerating during the year to even 5x 2010 earnings could see the share price appreciate to 86p :o)

[nurdin] 22/1/2009 13:48

Blimey..375k buy at near ask price...