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Eros - Investec forecast 47.9c for current year

August 2012

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • EROS
  • Price:
  • 182p
Eros' proposed US listing remains on the agenda although the company has said that the timing is “under review due to market conditions.†Consequently, whilst this review process continues, latest full year results to 31 March did not contain an outlook statement whilst the purchase of the 76% stake in Bollywood TV network B4U has also now not completed.As it was, for the year, Eros reported sales up US$42m or 25% to US$206m with the top line gowth driven by 77 film releases including six big Hindi releases (versus three the year earlier) driving revenues  both in India and internationally. The six globally released films were Ra. One, Zindagi Na Milengi Dobara, Ready, Rockstar, Desi Boyz and Agent Vinod, although the latt ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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