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ETO's Eye In The Sky has got superb reviews and is doing well in the Americas with $10.4m to date. It's released here this Friday. Good to see Helen Mirren doing her bit to promote it on the talk shows too. And as the great Alan Rickman's last film before his death it will get added publicity. The Ricky Gervais/David Brent film is also out this H1, and the newly released trailer's pretty good. With ETO as distributor for Spielberg's The BFG this summer it could be a terrific H1 this year. The Lumineers new album Cleopatra is released today. Their 1st album sold 2.5m copies and 10m singles Eone music purchased Dueltone records earlier this year. Interesting to see last Friday's rise put down to the release of the Brent film trailer... Https://uk.finance.yahoo.com/news/ftse-250-movers-david-brent-152100436.html "Entertainment One (Other OTC: ENTMF - news) was also on the up, a day after the first trailer for its Ricky Gervais movie was released to the masses. David Brent: Life on the Road is a spin-off from the popular BBC comedy series The Office, and stars Gervais as a Slough-based cleaning products distributor called Lavichem, trying to make his way towards a career as a singer-songwriter. Entertainment One holds the non-US distribution rights to the film, which will be released in the UK on 19 August."
Acquisition of Renegade 83
Sony Pictures, eOne Ink Momentum Pictures Distribution Deal Http://www.hollywoodreporter.com/news/sony-pictures-eone-ink-momentum-875791
ETO's Spotlight boosted in the UK last week by its Oscar success: Http://www.screendaily.com/news/london-has-fallen-tops-uk-box-office/5101144.article?blocktitle=UK-BOX-OFFICE-NEWS&contentID=40105 "EONE Following its Oscar Best Picture win, eOne’s Spotlight boosted 69% to add $468,000 (£330,388) for $7.7m (£5.4m) after six weeks in play." And also in Australia "Winning best picture and original screenplay at the Academy Awards has given Spotlight a healthy boost in Australian cinemas. The topical drama bout the Boston Globe's investigation into the Catholic Church's cover-up of sexual abuse had a 94 per cent increase in its takings on the weekend – adding $455,000 to reach $4.4 million." Also Spotlight's producer Anonymous is up for sale and there is a rumour ETO are interested. "Entertainment One, which has been on a buying spree as of late, also is interested in buying a piece of Anonymous." hTTp://www.hollywoodreporter.com/news/anonymous-content-being-courted-by-798492 Into the Badlands has finally got the official go ahead for a second series by ABC. hTTp://deadline.com/2016/03/into-the-badlands-renewed-second-season-amc-1201716542/ Lots of deals for ETO's music, but this is the biggest. A new boss and ETO have also taken over his record label: "eOne taps veteran attorney Chris Taylor to run its music division" "Canada’s independent film, TV and music company Entertainment One has appointed music industry attorney and entrepreneur Chris Taylor to the role of President, Entertainment One Music. In his new role, Taylor will oversee eOne’s global music operations and lead teams in Los Angeles, New York, Nashville and Toronto. He will also lead strategic growth initiatives across music licensing, publishing, label and distribution. As part of the deal, Taylor brings into eOne’s fold his independent recording, publishing and artist management company Last Gang, whose roster includes record label clients Death From Above 1979, Chromeo and Ryan Hemsworth, and management clients Lights and Arkells. Established in 2003, Last Gang will continue to operate under Taylor as a label of eOne."
Investec Capital Indicates Potential 64.75% Increase In Shares Of Entertainment One Ltd........http://www.risersandfallers.com/2016/03/04/investec-capital-indicates-potential-64-75-increase-in-shares-of-entertainment-one-ltd/_____________Published On: Fri, Mar 4th, 2016 Stocks | By Sylvia Delisle On Friday Investec Capital reiterated its broker consensus on shares of Entertainment One Ltd (LON:ETO) giving the company a ‘Buy’ rating. Investec Capital gave shares of Entertainment One Ltd a price target of 244 indicating a potential increase of 64.75% from Entertainment One Ltd’s current price of 148.1.Entertainment One Ltd has 292,299,000 shares in issue which have a share price of 148.1 giving Entertainment One Ltd a market capitalisation of 432.89M GBp . The 52 week high of Entertainment One Ltd’s shares is 328.35 whilst the 52 week low for the company’s shares is 125.4. The 50 day moving average of LON:ETO is 146.56 and the 200 day moving average is 209.69. Entertainment One Limited is a Canada-based entertainment company. The Company is focused on the acquisition, production and distribution of film, television, family and music content rights across various media throughout the world. The Company operates in two segments: Film and Television. The Film segment includes revenues from all of the Company’s activities in relation to the production, acquisition and exploitation of film content rights. The Television segment includes revenues from all of the Company’s activities in relation to the production, acquisition and exploitation of television, family and music content. The Company has licensing and merchandising operations in the United Kingdom, Australia and North America. The Company sources, selects and sell entertainment content rights across various media platforms globally. The Company’s operations are located in Canada, the United Kingdom, the United States, Australia, Benelux and Spain.
Investec - Buy £1.73 target. Good volume again today, think this will soon move back up. IMHO
Here's the bull case :o)) Forecast 19.4p EPS to March'16, with a 1.2p dividend: Http://www.edisoninvestmentresearch.com/research/report/entertainment-one116/preview/ "Peppa making a splash Entertainment One’s (eOne’s) positive trading update points to a building pipeline in TV and continued strong development of the Peppa Pig franchise. The film release slate is improving and margins will be supported by a restructuring of the division, which targets £10m of savings by FY18. We see considerable upside potential from the shares, which have been under pressure over the last six months following a dilutive rights issue and refinancing and persistent weakness in Film." "Television and Family remain strong For the nine months to December 2015, revenues decreased 3% and EBITDA was up 15%, broadly as expected. Television and Family revenue grew 39% while Film was down 14%, affected by a weaker release slate over the last couple of years. In Family, the Peppa Pig franchise continues to experience very strong growth, particularly in the US where retail sales increased by c 275% in 2015. Television delivered c 60% more half-hours of content y-o-y. Adjusted net debt was £209m and is expected to fall further to c £180m by the year end. Positive outlook, supported by Film restructuring Management expects FY16 earnings and free cash flow to be in line with consensus estimates and has a confident outlook for the year ahead. The prospects for Peppa Pig remain strong both in the US and across Asia and Television has an excellent and expanding pipeline. With a stronger release slate penned in Film, the year ahead should also be better and management’s planned restructuring will support margins longer term, aiming to generate annualised savings of £10m by FY18. We are altering the mix of our forecasts, increasing investment in content and revenues and skewing EBITDA more towards Television and Family. We make little change overall to EBITDA, although we trim EPS slightly next year for a higher interest charge and minority interests. Valuation: Stronger growth profile not captured Following recent acquisitions and last year’s financing, the balance and structure of the group is stronger and the growth profile looks more secure; the higher growth divisions now contribute more than half of pro-forma EBITDA and the group looks on track to deliver on its strategy to double EBITDA by 2020. With a forecast year end gearing ratio of 1.4x EBITDA, eOne has the financial flexibility to continue to execute on its buy-and-build strategy. The shares are on a FY17 P/E of 7.9x, offering good value compared to peers and an attractive entry point into a balanced global content group."
If you look at Robbie Burns buying history on ETO you'll see that he bought " the falling knife " several times and lost out heavily !!--- By his own admission he doesn't usually fall into that sort of "trap" --- the fact that he's bought 4 lots more since his last posted loss speaks volumes to me !!-- GLA ------
I suspect he's in ETO for the longer haul & possible bids down the road a little !!-- If he did sell some this morning then he's banked a nice 20%+ profit on his february buy tranches !!-- From the Technical point of view it was'nt rocket science that it was in for a possible pull-back today regardless of the results !!-- It had gone from daily RSI oversold right up to daily RSI overbought in the last 3 weeks in the run up to results today . That's why old Robbie Burns got in when he did !!! ---- Brokers are positive still today, i see , and i bet in the next Naked Trader update we'll find that he's probably topped up at these lower levels !!--- GLA ------ keep the faith and ignore "smart talking idiots " like Jab1tt !!!!!-----
Bet he sold just in time
Well aint you the clever one (allegedly)! Director buys at £1.40 and £1.50 goid enough for me with positive outlook..
Can't tell whether you lot are suckers or rampers, but it was obviously a poor trading statement. Only 3% increase in revenue. Compare that to the figure in the last six month report. I sold my entire holding at 0800 hrs this am. It will be long wait for the £2 mark.
Well it has turned back down off that very strong resistance level around 174/176p --- If it can somehow get over that and hold on, then £2.00 is a real possibility ----- GLA ----
Long term investment £2 for sure, some folk selling because of some profits being taken, tree shake from the big boys to close the inexperienced investor out. Hold invest don't gamble, the fundamentals are all still in place . GL
I did say it could be £2 plus if update was ahead of expectations but sadly the update wasnt as positive.
I take it some profit taking going on, not the £2 plus some folk were saying!
Yes all looks very good to me, think MMs going to try and sucker a few shares of PIs by moving SP back this am. Not having mine this has long way to go yet IMHO
Looks good to me: - overall trading in line with expectations - re-assertion of positive free cash flows this year - net debt in line with expectations - TV/Family storming ahead, with Peppa and PJ Masks looking great for global growth - Film division down as expected, but a really strong line-up for this coming year Consensus forecast of 19.3p EPS for the year about to end makes the current share price cheap imho.
Biggest thing in there is the positive free cash flow, this is very important and what has been hurting us of late. The lower film revenue was expected due to less releases, but the massive growth in the TV sector in a year is brilliant. Think this got leaked thus why we have seen this increase we have. Bring on £2+
All very positive "On course to double the size of business by 2020"
Thanks Filmster and Badflaw I hope you are right - GLA
Yes, the annual report will be out in the morning, as stated on ETO's financial calender on their investors website. by the huge rises the last week or so , id say there's been a leak and were in for a good one!
It's on the eto website. They put it up today after hours I think
Filmster / how do you know its tomorrow??
Trading update is tomorrow. Lets hope its ahead of expectations. Could be at 200p plus tomorrow then