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Eros

December 2009

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:
  • 143p
Eros is going to have two very contrasting half year performances. The first half results announced this month were impacted by the industrial dispute with multiplexes, which caused Eros to withhold releases of new films. The dispute effectively took three months of trading out from the theatrical division and only four films were launched in the half compared to H109 when 14 were launched. A slump in Indian advertising revenues and the delays in the release schedule also impacted on TV syndication deals and on DVD sales. Overall, therefore, revenues were down 21% to US$56.5m and adjusted pretax profit fell by 30% to US$20.8(eps 16.5 cents). But the dispute was settled in Q2 and Eros continues to understand its market very well wi ...

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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.

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

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