Member Info for SonnyBurnett

I agree, clueless management. DQE CFO playing with Jungle Book toys every day? ;)

I find it very strange that they first did a major rights issue which diluted the hell out of our shareholdings because apparently nobody was watching the cash register when starting work on the Jungle Book feature film, and then tell us we are going to receive a dividend. I don't know about you guys, but I don't want a dividend. I want DQE to pay off debt and become as much debt free as possible as fast as possible and to preserve cash. Looking at the interest rates on their loans that is what I would prefer they do with their cash. They look like loan shark rates to me! I mean a minor setback on collecting our receivables could then result in another rights issue because of cash flow problems and I sure as hell don't want that to happen. Not at this price! I actually find the dividend announcement a bit insulting after such a dilution and also that they neglected to mention a temporary default and add to that the share price performance in general over the last couple of years.

Galileo toon gets German partner A German producer-distributor has joined with Indian animation house DQ Entertainment (DQE) to coproduce a CGI animated series about the son of Italian inventor Galileo Galilei. Penta TV in Germany has come onboard Leo & The Pisa Gang (52x11′), which is currently in development with MPP Productions and DQE. The story, created by Winfried Debertin and aimed at young children, follows the son of Galileo Galilei as he helps his father make world-changing discoveries. Other series in development with DQE include season two of Peter Pan for ZDF in Germany, Raz & Benny (52x11′) alongside Foothill Entertainment in the US and several other TV series with US prodco Rollman Entertainment. Earlier this year DQE said it and Rollman were aiming to coproduce five TV series by 2016 with budgets totalling about US$35m. Nico Franks 09-08-2013©C21Media http://www.c21media.net/archives/123554

http://www.moneycontrol.com/livefeed_pdf/Aug2013/DQ_Entertainment_(International)_Ltd_080813_Rst1.pdf

Initial fair value of 50p, offering a significant uplift from the current depressed share price. At this price the forward PER would be 7.4 falling to 5.8x for 2014/15.

Scheduled for worldwide theatrical release in 2015/16 and will not contribute to group revenues until 31 March 2016. They anticipate the shares moving higher on production and licensing updates and significantly so on confirmation of the successful funding of the Jungle Book feature film.

They (Allenby) are currently forecasting a dividend declaration in May 2014 of 0.674p for the year to 31 March 2014 and 0.855p for 2014/15 which in both cases assumes a 10% distribution.

They are happy to report that an improvement in debtor days is already occurring. DQE management is confident that it will be able to achieve a much improved working capital outcome in the current year.

The note wasn't attached to the email. Could you check and send it again? Thanks.

enterprise2012@aol.com Thanks

Didn't know that. Thanks for the info.

They changed the currency reporting from Dollars to Indian Rupee because most of their expenses are in Indian Rupees, so switching makes sense, but I'm sure the exchange rate you mentioned was also a key factor to switch currency reporting. From now on it's just Indian Rupees we will be looking at and for a foreign investor it can be a pain in the ass to work stuff back to USD or GBP. BTW: DQ Entertainment needs to update their major shareholders list because it still shows the 35M shares in issue.

Yes, I agree that their IP/portfolio has some great names in it. The partners they close deals with are some of the biggest names in the industry, so not worried about that at all. Pushing back the Jungle Book movie to 2015 imo is a very good move and I think they did this to solve short term cash flow problems which should have a positive impact and prevent another rights issue to raise cash. As for recovery, I think we will see 30/40p within 12 months, still a long way from the 100p+ levels we were looking at a couple of years ago...

For some strange reason you can find the links by clicking on my username. Very weird that the links do show up there but not on the general board?

http://goo.gl/P9tq9

Unable to post link, keeps getting removed for some reason.

http://articles.timesofindia.indiatimes.com/2013-07-12/hyderabad/40535716_1_gaming-industry-animation-ailing-industry

This article is from 3 days ago. Maybe this Is another reason the share price hit 5 year lows besides the receivables issue. Not animated enough There are 20 big and 250-300 smaller players in the animation industry in AP. But 35-40% of studios call it quits every year with quality work being lost to China, Malaysia and Indonesia. Problems faced by the industry * Capital intensive: High production costs, thanks to expensive software and equipment, high VAT and service taxes * Power woes: Unhindered power supply difficult due to state's power crunch * Lack of talent: Youths don't see the gaming and animation industry as a viable career option * Govt not GAME for it: The government's Gaming, Animation, Media and Entertainment (GAME) policy has been in the proposal stage for long http://articles.timesofindia.indiatimes.com/2013-07-12/hyderabad/40535716_1_gaming-industry-animation-ailing-industry