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and confident outlook - - -
However - - -
Profit dented by one-off charge - - -
Pre-tax profit at the Peppa Pig owner slumped 43% to £36.8m as it was hit by a £61m charge related to its home entertainment business. Excluding that and other charges, underlying earnings before interest, taxes, depreciation and amortisaton rose 21% to £198m, while underlying pre-tax profit was up 20% to £156m.
Meanwhile, reported revenue slipped to £941m from £1bn as lower film, television & music income more than offset a 28% increase in family & brands revenue to £158.5m. This was driven by the continued strong performance of Peppa Pig, PJ Masks and a new show, Cupcake & Dino: General Services.
The full-year dividend was lifted to 1.5p per share from 1.4p per share.
Despite the transition in film, the company tasted critical success with projects such as the Oscar-winning Green Book, as well as Vice and Stan & Ollie, adding that it had projects lined up with major creative and strategic partners including Guillermo Del Toro, Brad Weston, David Ayer, Annapurna and Amblin.
Neil Wilson, chief market analyst at Markets.com, said: "There's been clear-headed commentary only very recently about the perils of looking only at EBITDA. So, Entertainment One's are timely enough. If you exclude a load of one-off charges and write-downs things look pretty good for Entertainment One. The problem is one cannot ignore it and investors are looking at these and turning tail."
"Peppa Pig is still the star attraction and driving the growth in Family & Brands. PJ Masks is doing its bit too, but you have to wonder just how long the Peppa Pig juggernaut lasts. Tastes change and one day eOne will be scratching around looking for something else."
At least it’s a better day than yesterday, price has settled. Hopefully a return to normal trading over the next few days...ie, upwards :)
Still awaiting the sp to recover from the overdone fall - blood bath over.
Well that certainly turned into a ‘wtf’ kinda day
A bit of a blood bath over pretty decent results ....go figure.
Next film they will release is 'Three little Peppas meet the Wolf on Wall street'.
good news share drop
bad news share drop
any point in all this business?
Just those mm having their fun ...still, it’s let me buy two lots on what I think are ‘cheap’ :)
Jeez, imagine what would have happened to the share price if bad news had come out. Why the drop?
If investors start to follow - the SP rise will be dramatic
IMHO DYOR
target from 623 to 655p
Broker target is now = 655p
Signal Update
Our system’s recommendation today is to BUY.
The pattern finally received a confirmation because the prices crossed above the confirmation level which was at 456.51, and our valid average buying price stands now at 458.89.
The previous SELL signal was issued on 09/05/2019, 5 days ago, when the stock price was 465.09. Since then ETO.L has fallen by -1.33%.
Market Outlook
Let’s jump on our white horses and go for a bullish ride. The bullish pattern that was previously identified is finally confirmed and a BUY signal is generated. Most probably, it is the right time to participate in bullish fervor. The market is telling you about a new profit. Do not miss this bullish opportunity.- - - -
https://www.britishbulls.com/m/SignalPage.aspx?lang=en&Ticker=ETO.L
Broker target price now 655p
Positive comments in the Times today ...a successful company like this has to be a target for a take over too at some point.
https://www.britishbulls.com/m/SignalPage.aspx?lang=en&Ticker=ETO.L
Brokers targets as high as 626p
looks like the canadians don't like it. Hope disney or netflix decide to have a pop at this.
It seems to make business sense. As long as the share price keeps rising it can only be a good thing.
What do people make of this?
as a standalone this is going great as a t/o this has huge attractions - still good value at this sp therefore.
Today's trading update from eOne makes for a welcome start to the day!
From Variety: Entertainment One Takes International Rights to Hulu’s ‘Fyre Fraud’
https://variety.com/2019/tv/news/hulu-fyre-fraud-festival-entertainment-one-international-rights-1203142464/
Markets responding to Peppa Pig gone VIRAL in China social media again today just before Chinese New Year expecting to boost sales of merchandise and popularity of special Chinese New Year Peppa movie partnering with Alibaba Pictures during this key festival with 330 million views on Weibo as of Friday.
InvestorChronicles speculates takeover Eone on the way from Netflix, Disney or others competing for acquisition of content. https://www.investorschronicle.co.uk/tips-ideas/2018/09/07/netflix-commissions-eone-series/
https://www.bloomberg.com/news/articles/2019-01-18/peppa-pig-lifts-china-stocks-as-grandpa-promo-goes-viral-chart
This new Stan and Ollie film that just came out is produced by EOne. It looks great so I hope it brings in lots of money at the box office.
Pondering on making a purchase here, been watching a while. Is current sp decent value to growth prospects? Support looks around 380p level...