sage in the hills
07 Dec 2015
Nonsense Phew ! ..... swinging stuff ... where did that come from ?Surely all experts, accountants, stockbrokers, fund managers etc could have calculated this BEFORE the deal was done ?????????????????SAGE
jlovie
07 Dec 2015
Re: Share price fall Must be this. 'Peppa Pig owner Entertainment One was lower after Canaccord Genuity cut its price target on the stock to 284p from 323p. "We think investors will be disappointed by a refinancing of existing debt facilities that has essentially led to a 9.0% cut in FY17E EPS, long before its existing facility expired in January 2018, and ahead of what management believes to be a very strong film slate in 2016," the brokerage said.'
Hypertension
07 Dec 2015
Share price fall Has anybody any idea what is driving today's fall in the share price?
jezza51
24 Nov 2015
indigestion peel hunt predicted indigestion after the rights issue and were spot on. price has now fallen to attractive entry level. if 200 is broken then could breakdown further - needs a decent sized buyer to appear to arrest this slide.... long and wrong so it wont be me
sage in the hills
18 Nov 2015
Re: Interim results The results are past news.The consolidation in the business restructuring, and the expansion of cashflow from brandsis the near term future.SAGE
methilman
17 Nov 2015
Interim results Satisfactory. One for the longer term, me thinks.Mm.
nk1999
27 Oct 2015
Peel Hunt "Peel Hunt downgraded Entertainment One to 'hold' from 'buy' and cut the price target to 260p from 340p, as the rights issue is digested by shareholders.The brokerage noted that Entertainment One has increased its exposure to Peppa Pig at a cost of 140m through the purchase of ABD and has raised 193.6m by way of a rights issue."On balance, we are of the view that a sale of the existing stake in Peppa Pig would have been strategically better, a route the company should still consider. The overfunding will dilute earnings and the EPS growth rate reduces," it said.Peel said the value of Peppa Pig to a broad-based brand owner will peak soon, maybe even as soon as now."We hope that Entertainment One will look to realise that value for the benefit of shareholders in the near future," it said.The purchase of ABD may facilitate that sale although raising cash through equity dilutes the benefit of this deal, the brokerage said.Peel added that the Marwyn sale, alongside the overfunded rights issue, will take some time for the market to absorb."This indigestion prompts the 'hold' recommendation."
oldjoe1
23 Oct 2015
ETO, Update....... <b>Entertainment One completes Peppa Pig acquisitionFri, 23rd Oct 2015 07:47</b>(ShareCast News) - Entertainment One has completed the acquisition of a 70% stake in Peppa Pig creator and producer Astley Baker Davies Limited (ABD) for £140mThe FTSE 250-listed company previously held joint ownership rights for Britain's favourite pig with ABD, and funded the acquisition through a four-for-nine rights issue raising £193.6m, with the extra cash used to pay off debt.It announced in September that it wants to double the size of its business over the next five years and will make Peppa sweat for her money as it looks to increase its share of earnings from her cartoons to 85% from 50%.The company believes retail sales from the show's products could be doubled in the medium term, which it believes is currently in excess of $1bn (£660bn) annually.There is also a commitment for the existing creators and the producers to work on 52 new Peppa Pig episodes.
oldjoe1
23 Oct 2015
ETO, Looks WAY TO CHEAP....... ETO Entertainment One LTD,Looks way oversold on the charts and fundies show it is trading on a forward P/E of just over 10 for 2017, way way too cheap imo. This is way lower than comparable media companys and should lead to the SP pushing the forward P/E to somewhere in the area of 16/17.Entertainment One LtdFORECASTS2016 2017Date Rec Pre-tax (£
EPS (p) DPS (p) Pre-tax (£ EPS (p) DPS (p)Edison 22-10-15 None 106.20 20.10 1.20 134.60 22.10 1.30Peel Hunt LLP 22-10-15 BUY 91.11 19.46 1.06 106.62 22.60 1.17N+1 Singer 22-10-15 SELL 105.44 19.00 1.30 135.80 21.80 1.50Canaccord Genuity Ltd 01-10-15 BUY 105.80 17.19 0.96 135.70 19.47 1.05Numis Securities Ltd 30-09-15 ADD 97.00 20.87 1.05 113.00 24.29 1.14Investec Securities 25-09-15 BUY 94.50 19.96 1.09 108.40 23.09 1.15Cenkos Securities [A]15-01-15 BUY 97.00 24.70 2.00 105.40 26.90 2.50Westhouse Securities [A]20-11-14 BUY 2016 2017Prte-ax (£ EPS (p) DPS (p) Pre-tax (£ EPS (p) DPS (p)Consensus 100.82 19.62 1.10 129.96 22.38 1.191 Month Change 4.15 -3.94 -0.11 19.06 -4.62 -0.123 Month Change -0.15 -5.44 -0.11 13.62 -5.80 -0.12Notes to forecasts(27 Jan 2015) A flag refers to outlookGROWTH2015 (A) 2016 (E) 2017 (E)Norm. EPS 36.73% 8.28% 14.04%DPS % 25.77% 7.89%INVESTMENT RATIOS2015 (A) 2016 (E) 2017 (E)EBITDA £105.20m £119.28m £134.02mEBIT £79.30m £m £mDividend Yield 0.38% 0.48% 0.52%Dividend Cover 20.66x 17.79x 18.80x<b>PER 12.75x 11.77x 10.32x</b>PEG 0.35f 1.42f 0.74fNet Asset Value PS 19.65p 118.90p 121.30p
TonyW1234
09 Oct 2015
Ex- Right Shares If I buy shares in ETO today will they be ex-rights and come with no entitlement to participate in the rights issue, or will I still be entitled to still take part?
dubzy
06 Oct 2015
Re: Tipped for 2015 Good guess LG!
lambrini girl
06 Oct 2015
Re: Tipped for 2015 >>SELL..target 248..<<BANG ON!!Bit random, not sure I understand why you've come on here with that rating, complete guess if you ask me. ETO only going one way and it's certainly not down....nice dubzie..248 only stalled the fall..185..150..
Malcy99
06 Oct 2015
Re: So, whats the deal ? I'm with iWeb and had the usual options to buy the full amount, buy partial, sell enough to buy without using cash, or sell now...
nk1999
06 Oct 2015
Investec From Citywire:"Entertainment One ‘steps up’ with Peppa Pig acquisitionIndependent film distributor Entertainment One (ETO) has taken a ‘step up’ with the acquisition of Peppa Pig producer Astley Baker Davies for £140 million.Investec analyst Steve Liechti retained his ‘buy’ recommendation but reduced the target price from 360p to 308p. The shares fell 9.8% to 230p yesterday.‘The Peppa Pig step-up acquisition makes sense strategically to us given Entertainment One’s internal agenda and, we presume, visibility for its growth, though the rights financing structure implies modest return on invested capital and some earnings per share dilution on our forecasts, even if the over-raise is reinvested (plus attendant M&A execution risk),’ he said.‘Against this, Entertainment One looks cheap for a global content growth story – the current valuation… should offer an attractive entry point as/if Entertainment One delivers.’"
Looking for growth
06 Oct 2015
Re: So, whats the deal ? Price is 153p and you have rights to 4 shares for every 9 you hold.What seems unusal with this issue, is that the rights don't seem to be tradeable.Normally if you don't have the cash then you can sell the rights. But not this time.As a result you are throwing away money if you don't take them up.If you don't have the cash then you would need to sell some of the original holding to cover it.Lee
