Indian Film Share Discussion Threads

[gdasinv2] 11/6/2009 08:01

at this level still a cheap, so enjoy the growth

[gdasinv2] 11/6/2009 07:57

I am from India , Mumbai, just called few freinds in india about this Final result success, since last 2 weeks there have been major producers negotiating 30 film and music contracts, so like EROS this is also bright future

[pec2004] 11/6/2009 07:57

If cash i a bit tight why would they think to pay a divi?

[nilip] 11/6/2009 07:56

Cash is my only concern here ...

"As at 31 March 2009, the Group held cash balances of GBP0.94 million (GBP3.28 million including the term deposit)"


Hopefully they won;t return to the mkt to raise cash ?

[stegrego] 11/6/2009 07:53

Backwardisation 36/35 - always a good sign ;)

(snagged EROS at 81p a while back so all set now with the Bollywood theme!)

[mali7] 11/6/2009 07:50

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.

[nilip] 11/6/2009 07:38

Keya,

I agree - I see EROS going back to above 200p within weeks.

I added more EROS yesterday to my portfolio.

EROS is by far the best recovery play in the sector and a genuine NO BRAINER imho :-)


I initially bought into IFC as a punt @ 24.25p on Friday, so I'm happy - now up 45% ish in 4 days :-)

[keya5000] 11/6/2009 07:28

If you think this ones got legs check out Eros fantastic uplift coming to both in the short term.

[jay083] 11/6/2009 07:21

Stegrego, exactly the same mate, took a closer look at these yest. little later than you though...held up by the boss:(.... had to pay 34/35!

[stegrego] 11/6/2009 07:17

Well, I spent about 3 hours reading all the RNSs last night and was prepared to buy this am at 25/26.

Ended up buying at 28.5 - still - looks a billy bargain to me.

[pec2004] 11/6/2009 07:09

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.

[nilip] 11/6/2009 07:05

These look like a nice little recovery play.

[lonrho] 11/6/2009 06:52

good set of results, p/e about 3.5, positive outlook statement.

[nilip] 10/6/2009 09:57

Starting to generate some interest ...

Nice buying starting to trickle in this morning.

All 3 MM's starting to tick up nicely now ...

[nilip] 10/6/2009 07:05

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.

[bardfield1] 24/4/2009 09:58

I suspect if performance has been good that there will be a dividend, given that two "shareholder value" directors were leveraged onto the board earlier in the year.
Share price could recover significantly if so.

[rhuvaal] 17/3/2009 21:19

Pleased to note from their Report that Ghajini is indeed an IFC production and if EROS sell it well then that's greatly adding to our coffers.

[nurdin] 17/3/2009 11:47

5k bought at 92p? Surely a mistake there.Suspect the trade was intended for Eros :o)

[nurdin] 13/3/2009 09:41

brando...just saw your comment above.

Oriel security are forecasting dividend of 2.3p for the year to March 2009 rising to 4.4p in 2010.

I had it confirmed by Oriel that the IFC management are quite happy with the forecasts

At the current buying price(27p) a divi of 2.3p gives you a yield of 11.7% for 09 and 16% for 2010.

A much better return than you can get anywhere else ...

[nurdin] 12/3/2009 13:59

If I am not mistaken 'Ghajini' is owned by IFC

[brando69] 02/3/2009 20:38

thanks. i'd be inclined to wait for first full year results then before getting too excited about a dividend. not sure how nurdin can already be putting percentage figures on a divi though...

i like this sector though... keeping an eye on both eros and ifc

[brando69] 02/3/2009 20:38

thanks. i'd be inclined to wait for first full year results then before getting too excited about a dividend. not sure how nurdin can already be putting percentage figures on a divi though...

i like this sector though... keeping an eye on both eros and ifc

[sat69] 02/3/2009 20:34

Brando - I asked the same question earlier - There have never been any divis. Just a broker believing there will be in the future! I can't see it myself though.

[brando69] 02/3/2009 20:32

nurdin, could you point me towards confirmed details of dividend? many thanks...