Updates

Eros

August 2013

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.

In the upper echelons of Eros HQ the wheels continue turning, albeit slowly: the company has moved from “monitoring the situation” in June '12 to now being “actively engaged with US advisors in order to conclude its listing on the NYSE this year.” As anticipated results for the year to 31 March themselves were skewed by the depreciation of the Rupee against the dollar. Overall sales were up by 4% at US$215m (+10% constant currency) based on 77 film launches, the same number of films as the year before, but including two big blockbusters (Houseful 2 and Sons of Saardaar). Adjusted pretax profit was 17% lower at US$53.3m for eps of 28.9 cents.As always the pretax profit is reported after amortising the ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Laura Ashley - Home Strong but fashion weaker

AL Noor Hospitals - Specialist hospitals in Abu Dhabi

Eros (December 2013)

Eros - Likely to transfer to NYSE this month (October 2013)

EROS -NYSE listing back on for New Year (December 2012)

Eros - Investec forecast 47.9c for current year (August 2012)

Eros - Reschedules NYSE float date (June 2012)

Eros (May 2012)

Eros (December 2011)

Eros - Trading ahead of forecasrs (October 2011)

Eros - Performance bolstered by new film releases (September 2011)

Eros - Seven category-A films this year (August 2011)

Eros (May 2011)

Eros (November 2010)

Eros - Indian subsidiary IPO 26.5x oversubscribed (October 2010)

Eros - Bombay listing approval imminent (September 2010)

Eros (July 2010)

Eros (January 2010)

Eros (December 2009)

Eros (November 2009)

Eros - Plans to dual list in India (August 2009)

Eros - Directors buy 1 million shares (April 2009)

Eros - Rescheduled four films (March 2009)

Eros - Bollywood enjoys red hot run (February 2009)

Eros - Prospective PE of 3.8 (January 2009)

Eros (October 2007)

Eros - Starts to open Indian cinemas (August 2007)

Eros (March 2007)

Eros - Boosted by Celebrity Big Brother (February 2007)

Eros - Play on growth of Indian film industry (January 2007)

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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X