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Eros - Prospective PE of 3.8

January 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:
  • 113p
Eros, the Indian media and entertainment company, continues to hide its light under a bushel and despite reporting blowout first half results, brokers have yet to upgrade their full year estimates. Revenues were up 110% to US$72.7m and adjusted pretax profit was up 119% to US$29.8m. Earnings were 23.5 cents. We have seen or heard nothing to suggest that Eros has lost its way, yet the share price action can only be down to leveraged investors and those facing redemptions exiting in a thin market. Allied to that investors have become fixated over all things in emerging markets and perhaps some eyes are cast on GDP in India, where Eros has recently been shifting its attention.To recap, Eros’ business is that of buying the ri ...

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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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