Secondary Recommendation

Eros

November 2010

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.

Shares in the Indian subsidiary, EIML were duly listed on the Bombay Exchange on 6 October. Having opened at a 17% premium to the issue price of Rs175, they have since settled at Rs182. Since IPO, EIML has closed a multi-film content licensing deal worth US$14.5m with Zee for exclusive broadcasting of certain Eros movies across its television network. This takes EIML's total music and television rights pre-sales for FY2011 and FY2012 to US$54m.Broker KBC Peel Hunt suggests that the Indian earnings will account for 60% of full year US$122m operating profit. Eros is expected to report eps of 38.4 cents this year (24.1p) and 44.2 cents (26.4p) next year. On the basis that the element of eps derived from the Indian arm should trade at ...

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Asian Citrus

Eros (December 2013)

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

Eros (August 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 - 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.

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