Prime Focus Share Discussion Threads

[pj 1] 02/7/2012 21:36

The Company continues to be dependent upon Prime Focus Limited, its Indian majority shareholder, for the funding of its working capital requirements.

So

in real terms there is no cash profit benefit to the company?

[stegrego] 02/7/2012 18:02

Whoops, never saw this coming ;)

Following a review of the results for the year ended 31th March 2012, as part of the preliminary audit process, the Board has concluded that whilst revenue is expected to be marginally below the previous year and whilst the Company remains profitable, these profits are likely to be below expectations and materially below last year's performance.


The Company continues to be dependent upon Prime Focus Limited, its Indian majority shareholder, for the funding of its working capital requirements.



Umm that's because they don't make any cash Or profits whatsoever and the books are possibly toasty warm......

[stegrego] 02/7/2012 17:51

Crystal ball not needed to foretell this and worse to come....


Following a review of the results for the year ended 31th March 2012, as part of the preliminary audit process, the Board has concluded that whilst revenue is expected to be marginally below the previous year and whilst the Company remains profitable, these profits are likely to be below expectations and materially below last year's performance.

[stegrego] 02/7/2012 17:50

Whoops, didn't see this coming ;)


Following a review of the results for the year ended 31th March 2012, as part of the preliminary audit process, the Board has concluded that whilst revenue is expected to be marginally below the previous year and whilst the Company remains profitable, these profits are likely to be below expectations and materially below last year's performance.


The Company continues to be dependent upon Prime Focus Limited, its Indian majority shareholder, for the funding of its working capital requirements.



Umm that's because they don't make any cash Or profits whatsoever and the books are possibly toasty warm......

[tara7] 14/6/2012 13:16

PFO India has been firm since the above results.

[tara7] 08/6/2012 10:25

This is after the results of PFO India last week.

No reason to think PFO London could not be doing at least as well.!

Buy Prime Focus - Initiating Coverage - Centrum

3-D to propel growth

Prime Focus is a market leader in 2D to 3D conversion and has created a mark globally by working on 10 of the top 30 worldwide blockbusters in the past 3 years. Its global world sourcing model from its 15 facilities, 4,500 people, 24x7, 365-day work schedule makes it a strategic partner to global studios. Favourable industry trends along with strong management team give us confidence on 30.7% revenue CAGR over FY11-14E. Initiate coverage with a BUY on the stock with an upside of 86%.

- Unique global network of integrated studios: Prime Focus has offices across 3 continents in all time zones. Its 15 facilities, over 4,500 staff, 24x7, 365-day work schedule give it major time and cost benefits. This unique platform offers all services under one roof - right from pre-production to distribution for clients across the film, broadcast and commercials space worldwide.

- Well-positioned to capitalize on its 3D and VFX capabilities: The increasing use of visual effects (VFX) and 3D in movies opens huge market potential for Prime Focus. It has built a `state-of-theart` facility at Royal Palms, Mumbai, and Chandigarh with 3,000 seats to convert existing 2D films to stereoscopic 3D format. It is the first company worldwide to successfully complete an entire movie, Clash of the Titans from 2D to 3D in a record 8 weeks simultaneously across 7 facilities worldwide.

- Technological leadership makes it strategic partner for content owners: Given its highly differentiated offering and high execution track record the company has been able to garner some of the most important projects from studios. It is focusing on widening and deepening studio partnerships across 2D to 3D conversion and VFX along with making the relationships global. Its customers include Hollywood studios such as Warner Bros., Lucasfilm, DreamWorks Animation, Paramount, Twentieth Century Fox, Walt Disney, Summit Entertainment, Relativity Media and Sony.

- Strong visibility on financials: We expect revenues to grow at a CAGR of 30.7% to Rs11.2bn over FY11-14E on the back of strong growth in 2D-to-3D conversion. Operating margins are set to expand from 29.6% in FY12E to 33.6% in FY14E on the back of increase in outsourcing to India. Profitability of the company will grow at a CAGR of 28.7% to Rs1771mn over FY11-14E led by strong topline growth and margin expansion.

- Valuations: The stock is currently trading at 5.7x and 4.2x FY13E and FY14E EPS of Rs8.76 and Rs11.89 respectively. Prime Focus trades at a significant discount to its Indian M&E peers even though it has higher revenue growth, high RoE, higher margins and leadership in domestic operations along with strong global presence. We value Prime Focus at 8x FY14E EPS of Rs11.89 and arrive at a target price of Rs95, 86% upside from current levels.

- Key Risks: i) Sharp fall in pricing for 2D to 3D conversion due to increase in competition; ii) Sharp currency movements that could impact profitability considering that major revenue is from UK and North America; iii) Outstanding FCCB of USD55mn which it is expected to re-pay before December 2012 with 43% premium amounting to a total of ~USD79mn.

[littleredrooster] 14/5/2012 22:44

Eros International invests in CLEAR platform

April 14, 2011 | Posted by : admin_mr |

Eros International Media Ltd (Eros International), India's largest integrated film studio, is spearheading the Indian digital revolution by digitizing and cataloguing its entire library of movies, comprising in excess of 1,000 titles across languages, and setting up an in-house 'Digital Asset Management' platform. Eros International has deployed global digital content services group Prime Focus Technologies (PFT)'s CLEAR content operations management platform to administer its extensive content library.

This initiative will help Eros International monetize its intellectual property by enabling the production, repurposing and delivery of its content globally, across web, mobile and other new media platforms. It will also allow the Company to archive, preserve and rights manage its library.

CLEAR offers Eros International wide-ranging functionality for managing and monetizing its content including asset management for managing and digitally archiving content, and workflow management for multi-platform production, distribution and fulfillment, to exploit existing library content and global content delivery across multiple platforms.

Speaking on the announcement, Rajesh Bahl, Chief Digital Officer, Eros International Media Limited said, "As a market leader in Indian film content worldwide, our Digital Asset Management platform will help us to continuously monetize our assets and enable cost effective optimization of media asset management, thus facilitating faster introduction of new products and services in the market. It would further help us meet the increasing demand for our content across all digital platforms. Prime Focus Technologies has an in-depth knowledge of both the media industry and IT, which helped them better understand our requirements. CLEAR is a complete system and it could quickly be custom-made to support our vision to exploit multi-platform opportunities for our content".

Ramki Sankaranarayanan, President and CEO, Prime Focus Technologies said, "We are delighted that such a well known and respected media and entertainment company has chosen CLEAR to manage its content operations. Eros International is a visionary company which is considering innovative ways to bring content to consumers. Engaging consumers through personalised media and delivering new content is a challenge. However, CLEAR provides an agility through which Eros International will be well positioned to exploit its enviable content library across all platforms. We are very excited to be associated with Eros International and are eager to be a part of this journey."

[345654] 14/5/2012 09:11

Do you know how long it takes to set up another name tara, you are wasting your time but go ahead if it gives you a feeling of control.

Again you have no grasp of finance, it's is just laughable what you write !

Did you sell out this morning ?

[tara7] 14/5/2012 07:18

345654, as you know i wish any investor to do well [inc you.!!]

But i do not call you scum, and have over 3 years posted stocks that have made huge profits.

Please remove that post or i will report it to ADVFN

Thanks

[345654] 13/5/2012 22:03

Well considering i have had a 800% winner in 6 weeks and a 200% winner in under
a month from about 5 selections i like to see it bettered.

So i took some profits cicr, always do on a spike, many dont sustain.

Dont tarnish me with the same brush as you, i'm not ramping my stocks all day
everyday on various threads tara, you will always be scum because you try and
mislead others, you dont have a clue what you are doing, the turnover theory
was laughable, and your theories of investing are also laughable !

[tara7] 13/5/2012 15:28

I research stocks, you tip them>>

Shame on you.!

what matters and with me being the best tipster on this site by a mile it is not
too hard :-))

[tara7] 13/5/2012 15:27

Now the truth:

Ah have you sold again moz, be happy with the profit, I sold some at 3p but if
it went to 5p next week it would not bother me, as long as i make money that is
what matters and with me being the best tipster on this site by a mile it is not
too hard :-))

[tara7] 13/5/2012 15:23

Rsi funny how another company wants 30%.!!

Now, they must think like me.!!

Sorry you know best.!!

LOL.!!

[345654] 13/5/2012 15:17

You only have to read your tosh on Rsi as well, reckon you would struggle to
pass the basic GCSE maths exam if you tried it, it's quite scary your method
to pump up stocks, infact you should be warned off !

[tara7] 13/5/2012 14:51

Sorry add AGL on my share of the decade at 13p now 55p.!!

[tara7] 13/5/2012 14:50

Just had a look back out of the 30 one has gone bust.!!

Proves yet another point that far from having risk, those stocks turned out to be low risk high reward shares.

Since you rubbished the accounts how come 29 of them are still trading.???!!!

[tara7] 13/5/2012 14:45

30 shares all posted over 3 years.!!

[tara7] 13/5/2012 14:29

TARA"S SUPER PENNY SHARE, FOR 2012 WSG [ 8 P] (WSG)

Free Bulletin Board Thread


Now 32p, had the same old rubbish about the accounts on this one, then this £3M pound company gets a $150M contract then more huge orders.!!

Investors have made 300% in under 6 months and the likes of you "Know all" may have prevented others from buying [based on your posts.]

It also means 3 other companies could go bust and you would still be even.!!

All done to reduce risk.!!

[tara7] 13/5/2012 14:21

"Look at the Topinfo thread."

Good on him i say , first no one makes anyone come to ADVFN, and when they do the read the risk warnings.!!

Tops thread has yet more risk warnings.

Tops investors also make huge profits in lots of stocks.

Now on to accounts.

Accounts make up less than 5% of my view on a stock in most cases.

WHY/?

Cos they are old. and they tell you want the company wants to.

If the were worth much we would not see FTSE companies going down the pan each year ,would we.!!!

When you invest in these tiny Aim stocks you are looking up and out.

[tara7] 13/5/2012 14:15

Dear me, some here will never understand investment.

As you well know i only research the stuff the likes of you will never get near, very low cap Aim stocks that can bag or more.

You never note that any shareholder who has been in the stock prior to me with out an exit route is very glad i show up.!!

Investing in these stocks has risk[just like Lloyds Bank.!!!]

The way to avoid rish is to buy at the right price as others give up.

My Tara"s ten for 2010 did 78% , 2011 18% and this year to date 40% or more.

Thats not one stock its 30.!!

No sir, what you hate is investors doing well .

The FTSE is lower now than it was 12 years ago, yet by researching tiny unloved AIM stock investors have made a bomb.!!

[tara7] 13/5/2012 11:00

Market cap just £6M with T/O of £30M at the halfway stage.

Mouthwatering.!!

[tara7] 13/5/2012 10:41

Point No 1, Accounts signed off without Qualification.

Point No 2, Eros said its sole dealing with Bus Tales was a "financing arrangement with the producer of the film [Inter Group Services], not Prime Focus.

Looks like your barking up the wrong tree.


Might also like to to see PFO London is going great guns, infact bought in new directors to speadhead growth.!!