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The global animation market grew all the way through the GFC……kids don't care about financial markets….they love consuming cartoons and buying all the rubbish merchandising that go along side. If you listen to the last interview from Tapaas from a week or so ago, you will here him state that the order book is at around $100 million right now which is way up from the last results. He also states that large, fresh orders are imminent and there will be a substantive growth in the order book, so no need to fret Volcano, just take advantage of a market cap not far off historical lows when the company is just at the beginning of enjoying the revenues from its own IP hitting the market
Stocks were down sharply in early afternoon trading as Wall Street struggles to shake off the first down January for the Dow Jones industrial average and the Standard & Poor's 500 since 2010. Weaker reports on U.S. manufacturing and construction spending brought fresh concerns about the economy. Investors were also disappointed in auto sales from General Motors and Ford.
Market Chart Dow Jones 15,461.88 -236.97 (-1.51%) S&P 500 1,755.99 -26.60 (-1.49%) Nasdaq 4,031.87 -72.01 (-1.75%)
markets are looking bad again.including DQE i do not like it. Dow Jones 15,506.06 -192.79 (-1.23%) S&P 500 1,759.93 -22.66 (-1.27%) Nasdaq 4,044.43 -59.44 (-1.45%) Value Chg % FTSE 100 6,470.49 -39.95 -0.62 FTSE 250 15,561.05 -113.32 -0.73 FTSE All-Share 3,474.71 -21.80 -0.63 FTSE Small Cap 4,451.31 -17.70 -0.40 3 Month FTSE 100 Graph FTSE 100 Index 3 Month Graph Market Movement Rising 380 19% Non-movers 934 48% Falling 638 33%
Animation firms look to GAME Park for revival TNN Jan 16, 2014, 03.32AM IST Tags: GAME Park|Game HYDERABAD: The implementation of the Gaming, Animation, Media and Entertainment (GAME) policy in the state is expected to be a shot in the arm for the animation and gaming industry in the city which has been stuck in a rut for the past few years. The proposed GAME Park in Raidurgum, the foundation stone for which was laid last week, will provide opportunity to firms to set up shop on the massive 30 acre stretch. "We have been waiting for almost six years for the GAME policy to be finalized. The GAME Park is a step in the right direction. A dedicated space for the industry will encourage firms to expand and progress," said Maruti Shanker, MD and founder of 7Seas Technologies. There are about 20 established names in the animation sector in the city in addition to 250-odd small firms in various streams of digital media. City firms have been associated with award-winning films such as Eega, Ang Lee's Life of Pi and the Krish3 video game. But despite such success stories, the industry is facing several challenges including but not limited to mounting costs, paucity of talent and lack of government support, say markets insiders. According to industry estimates, around 35-40 % of animation studios in the city shut shop every year, resulting in the city losing out to cities like Kuala Lumpur, Beijing and Manila in bagging lucrative international projects. "Since the GAME policy is backed by the government, it will encourage more players to enter the field of digital media. It will help not just Hyderabad but India as well in gaining international prominence in the domain of animation," said Sumedha Saraogi of DQ Entertainment. The policy, apart from building a state-of-the-art facility for animation and gaming firms, is also expected to provide fiscal benefits such as partial reimbursement of production costs, subsidies on lease rentals, investments and power bills among others. "There were discussions with the government and animation firms in the state before chalking out the policy. Most of our demands have been incorporated. There should therefore be no need to outsource talent or technology," said A Sunil, VFX producer at Makuta which did the special effects for Eega. While acknowledging the possible 'revolutionary' impact of the policy, professionals are wary of the repercussions of an ill-planned policy. "A game park will be helpful in that it would initiate sharing of knowledge and facilitate collaboration. However, there should be stringent guidelines to ensure protection of the Intellectual Property Rights," said Ranajay Sengupta, assistant manager, marketing (digital) at Gameshastra.
Indices Value Chg % FTSE 100 6,438.54 -99.91 -1.55 FTSE 250 15,566.23 -135.57 -0.87 FTSE All-Share 3,461.20 -48.61 -1.40 FTSE Small Cap 4,470.04 0.16 0.00 the markets are getting hammered ,but India DQE was up 5% overnight .
smallest deal effects the price .no enough interest here.
i think you are right mate ,but India was down again 4% overnight. India results are in February i believe they going to be better than last year, and dividend to be declared this summer .
With this the right side of the moving averages and still in an uptrend it is looking like this is getting ready for the next push to 30p resistance with a break this time hopefully.
Average volume 89.35k Shares outstanding 56.26m Free float 37.72m P/E (TTM) 2.32 Market cap 13.05m GBP EPS (TTM) 0.1001 GB
Are you serious?..... Read my Saturday 16:43 post!
Indian Rupee Extends Slide To Near 2-1/2-month Low Versus US Dollar Mon, 27th Jan 2014 10:38 NEW DELHI (Alliance News) - Extending early slide, the Indian rupee fell below the key 63.00 mark against the US dollar in evening deals on Monday. The rupee declined, in tandem with other emerging market assets, on concerns over further reduction in asset purchase program at the two-day FOMC meeting starting Tuesday. The rupee hit 63.175 against the greenback for the first time since November 15. Further weakness may take the rupee to a support around the 64.00 region. India's Economic affairs Secretary Arvind Mayaram sought to alleviate concerns over fall in rupee, saying the country's economic fundamentals are "very strong" and there is no reason for panic. With the current account deficit below USD50 billion and foreign exchange reserves at all-time high, "we have very strong fundamentals in place," Mayaram told reporters today. Copyright RTT News/dpa-AFX
from www.lse.co.uk Asian Stocks Tumble On Global Economy Fears Mon, 27th Jan 2014 09:34
DQE.L on London Stock Exchange 23.25GBp 24 Jan 2014 Price Change (% chg) 0.50p (+2.20%) Prev Close 22.75p Open 22.75p Day's High -- Day's Low -- Volume 220,086 Avg. Vol 82,822 52-wk High 29.71p 52-wk Low 11.35p SEARCH STOCKS Submit REVENUE EARNINGS PER SHARE CONSENSUS ESTIMATES ANALYSIS # of Estimates Mean High Low 1 Year Ago SALES (in millions) Year Ending Mar-14 1 42.51 42.51 42.51 72.20 Year Ending Mar-15 1 48.36 48.36 48.36 81.80 EARNINGS (per share) Year Ending Mar-14 1 0.10 0.10 0.10 0.23 Year Ending Mar-15 1 0.13 0.13 0.13 0.29 Sales and Earnings Figures in U.S. Dollars (USD) VALUATION RATIOS Company Industry Sector P/E Ratio (TTM) 2.32 9.97 17.59 P/E High - Last 5 Yrs. 15.91 42.58 30.95 P/E Low - Last 5 Yrs. 1.85 5.64 7.43
you are right SonnyBurnett kids will always want to watch animations what ever the circumstances .
Re: Scale of operations/employees, Check this video: http://www.youtube.com/watch?v=M7-AzQMMUkI IMO, at £13M, it's undervalued. As for Tapaas, I think he is the right man, together with the rest of the DQE management team they are able to close production and licensing deals with some of the best studios/companies in the world. Unfortunately, there is a difference between a good company and a good stock. With some companies, the CEO or the entire management don't seem to care that much about the daily share price movements because they are busy building and growing the business. (Long term value creation) The CEO owns a LOT of DQE shares, which imo is a good sign. I think that the share price will catch up with fundamentals at some point. Don't know how long we have to wait, that's why I would prefer an offer for the company. Still, with only 56M outstanding shares, most shares held by major holders, a weak rupee, results coming up and more shows that will be released in the coming months..... I'm not selling my shares @24p...no way!
www.googlefinance.com
Key stats and ratios Q3 (Sep '13) 2013 Net profit margin 32.99% 16.61% Operating margin 42.99% 26.16% EBITD margin - 48.69% Return on average assets 6.60% 4.96% Return on average equity 9.14% 7.38% Employees 3,000 - Carbon Disclosure Rating - - More ratios from Thomson Reuters »
Description DQ Entertainment Plc is a producer and distributor of animated content worldwide. The Company operates in two segments: animation, which includes production services rendered to production houses and training rendered for acquiring skills for production services in relation to production of animation television series and movies, and distribution, which includes revenue generated from exploitation of the distribution rights of animated television series and movies. As of March 31, 2012, it developed 80 television series, direct-to-home videos, feature films and game arts under different styles of animation, including two dimensional (2D), 2D digital, three dimensional stereoscopic and graphics, online games, and full motion videos. As of March 31, 2012, its completed projects consists of The Jungle Book Season-1, Little Prince Season 1 and 2, Iron Man Season 2, Little Nick Season 2, Feluda TV Series 1, Suryaputra, Balkand 2 and 3, Hive Season 1, and Post Card from Busters Season 5. More from Reuters »
Thanks for thoughts. Glad you've confirmed the rupee weakening helps - there was a debate about this about a year ago and some felt it was a stronger rupee we wanted, incorrectly. From your previous link, must say I was surprised to see the scale of operations/no of employees - big company. I've been in about 2 years which sounds less than you - has been an interesting couple of months. Hopefully we can get a second breath and start pressing on again. It's difficult to keep in mind what one felt when initially investing - for me that there was a portfolio of riches on the books and earnings were set to improve. There have also been a lot of doubters as to the CEO's ability to take it further when the share spent so long drifting, going nowhere. I said a few weeks ago my average was just over 30p. Be nice to get there first before having to consider longer term. GL
Even though we own 75% of DQE India, i think there is also a big difference between Indian and UK investors. How they look at the company but also the difference between short term traders and long term investors in India vs the UK. Also Indian exchange is at record high so DQE India was lagging when looking at the rise in the BSE. http://goo.gl/5kIoGM
I don't think an offer of 80/100p is asking too much based on revenue and profit. The 280p from my below post was from the Motley Fool article and was about the value since the Indian IPO, because of major interest back then, the Indian share price shot up after IPO and the UK shares should have gone up to 280p back then when calculating Indian value to the UK company. You are right about the dollars and rupees. Most company costs are in rupees and they collect most of the revenue in dollars, euros and other currencies. The weaker the rupee, the better for us shareholders. As for the Indian/UK share price. Sure they are related, but to quote John Maynard Keynes: "Markets can remain irrational longer than you can remain solvent." But who knows, a Jungle Book or Peter Pan movie deal could see this shoot up to 80p fast, because most shares are held by major holders. Still like to see an offer. Been in DQE for such a long time, it's not even funny anymore.... ;-)
Interesting info. - thanks, been reading your link to the Motley Fool. A takeover of that order would be....fantastic, but surely a bit fanciful. Am I right about - money earnt in dollars, main expenses in rupees, therefore weakening rupee beneficial? Do you not also think that although the share prices do not seem to be in the same ballpark, they do have some correlation. The fairly recent upturn (Nov/Dec) ran in both countries.
There was also a huge difference in price back in 2010. "Valuation - 75% stake in Indian subsidiary (DQEI) worth approximately £101.7m in comparison to DQE’s $42.8m market cap OR 2.38 times. Implied value per DQE share c.280p" http://boards.fool.co.uk/dq-entertainment-dqe-8211-jungle-book-pet-11976541.aspx IMO, a buyout would be the best option for shareholders. Years have gone by and the share price has only dropped during that time. Just look at the graph since 2007... http://goo.gl/l6joXL I'm hoping that at some point Disney (or another studio) makes an offer for the company. I would be happy with 80/100p per share offer.
Obviously the foreign exchange rate is going to play a big part here and yesterday the rupee fell against the US dollar (not massively). However, I think this trend is good for DQE. Did also notice over the last (rolling) 12 months : DQE India + 130% DQE London - 10% See : http://www.bloomberg.com/quote/DQE:IN put in DQE:LN to compare with over a 12 month period and you'll see what I mean. Perhaps, this signals we've a lot to catch up here in London - maybe.