sage in the hills
05 Oct 2015
So, whats the deal ? ... how much do we have to pay in for the Rights Issue ?SAGE
gretel
05 Oct 2015
Singer say Sell with 205p target 1032 GMT N+1 Singer cuts its target on Entertainment One Ltd to 205p from 265p after the movie and TV rights and distribution group increases its exposure to Peppa Pig by buying 70% of the cartoon character's creator. The acquisition makes sense, but it's difficult to see what Entertainment One can do next given the high prices movie and TV assets are commanding at the moment, says N+1. "We see little point in holding until a stronger picture emerges," says N+1, which keeps its sell rating on the stock. Shares up 0.9% at 226p.
nk1999
02 Oct 2015
Telegraph- Questor "The Questor Column:Hold Entertainment One as it goes big on Peppa Pig: Shares in eOne, formerly Entertainment One, fell to a two-year low after the company announced a £200 million rights issue to fund the purchase of a bigger stake in the Peppa Pig maker Astley Baker Davies. The deal will see the FTSE 250-listed company increase its control over Peppa Pig profits to 85%, from 50% previously. Investors are being asked to take up their rights in a 4 for 9 share issue to raise £194 million net of expenses. Revenues from distributing films make up 75% of the group total, with the balance largely made up of TV shows. Revenue from films was down 13% last year, after a sharp slowdown in revenue from box office releases. This was offset by strong growth in the TV business on the back of Peppa Pig sales. The shares are down 20% from our initial advice (Buy, 311p, January 7), and until we get a clearer picture of the earnings we downgrade to a hold. Entertainment One at 248p -24p. “Questor says Hold.” "
mcvitieshaffa
01 Oct 2015
so if i dont buy the discounted shares my holding effectively drops from around £2.72 to £2.35 per share
mcvitieshaffa
01 Oct 2015
the theoretical ex-rights price on 20th october is 235.4p
mcvitieshaffa
01 Oct 2015
ok this is new to me. I've had a look at the eto presentation, could someone confirm the following is correct please? If I have 968 shares then i can buy 428(968/9*4) new shares at the discounted price of £1.53. I have until 19th October to do this.
II Editor
30 Sep 2015
NEW ARTICLE: Entertainment One pays £140m for Peppa Pig "LSE:ETO:Entertainment One already makes millions from Peppa Pig. Now it's decided to buy an even bigger chunk of the company that actually makes the kid's cartoon series and keep most of the profits itself. It certainly seems like a good idea, ..."[link]
gretel
30 Sep 2015
Sold out today I decided to sell this morning following the rights issue news. Got rid of a lump first thing at 266.31p and the rest at just below that.It's been a great investment (around a four-bagger from memory), but I know from past experience how the price sinks before the rights issue date.In addition, current trading is lacklustre, and this deal seems expensive short/medium term if probably very remunerative in the long-term.Good luck all. I may well get back in if the price falls far enough as ETO still has a lot going for it.
II Editor
16 Sep 2015
NEW ARTICLE: Marwyn sells Entertainment One stake to smart Canadians "Following a spectacular rally earlier this year, LSE:ETO:Entertainment One had a rough summer after Marwyn Value Investors sold a chunk of its substantial stake back in July. Attempts to reassure the market that it was still in it for the ..."[link]
Go Dink
16 Sep 2015
Re: Fantastic news today Agree!I did think that maybe there would be a takeover bid as the sp has fallen but, although possible, I think it's less likely now.Still holding though!
gretel
16 Sep 2015
Massive Peppa tour in the USA Peppa is going down a storm in the USA:"100 Performances Added to PEPPA PIG's First-Ever U.S. Live Theatrical Tour"[link] Pig is an absolute superstar among the preschool set and their families all across America and she will be making her biggest splash yet with the upcoming tour, now set to visit 65 additional cities in 2016," said Jonathan Shank, Red Light Management, a producer of Peppa Pig's Big|Brave Splash. "With many of the initial shows already sold out and many more performances added to accommodate the strong demand for tickets, Peppa Pig's theatrical tour is proving to be one hot ticket for families this fall!""Peppa Pig's popularity continues to soar in the U.S. Families are flocking to major retailers nationwide, including Toys "R" Us, Walmart and Target, where hundreds of Peppa products have taken over shelves. Peppa is also a star on social media, connecting each day with her more than 2.5 million global followers on Facebook alone"
gretel
16 Sep 2015
Fantastic news today Canada Pension Plan buying the rest of Marwyn's stake at 269p per share:[link] removes any overhang at a stroke, and the buyers will certainly be extremely supportive long-term investors.The shares will now be quite tightly held.Hopefully we'll now see a return to 350p-370p. The market certainly likes the news.
sage in the hills
10 Sep 2015
Still a big drop for ex-div Massive, wots the word on the street ?SAGE
sage in the hills
10 Sep 2015
Re: Cheaper Well they just got 10% cheaper in 2 days !!! .... whats going on ?SAGE
gretel
08 Sep 2015
"Too cheap" per Shares Mag ETO are tipped in this week's Shares Mag in a long feature on brands....ETO are "too cheap":"Entertainment One (ETO) 303.7pThe TV, Film and music rights outfit has a number of valuable brands in its portfolio but number one on the list by some distance is Peppa Pig. Probablyfamiliar to anyone with children under the age of five it is a deceptively simple animated series about a four-year-old pig, her family and friends which is increasingly becoming a cultural phenomenon and generated upwards of $1 billion of retail sales in 2014.The Toronto headquartered firm buys the distribution rights for films. it produces TV shows, selling broadcast rights to third parties but retaining merchandise and digital distribution rights. it undertakes brand licencing and has a small music rights operation.The £893 million cap owns 50% of the underlying rights to Peppa Pig and therefore gets money every time toys or goods bearing the cartoon star’s pictures are sold, as well as a fee for licensing activity. Peppa Pig will make its debut on Chinese TV this year and there’s a big push on merchandisein the US.While it could be a few years before Peppa toys are sold in China, entertainment one says it has already tied up the trademarks and got the necessary legal paperwork to ensure there’s tight intellectual property protection. This should help prevent counterfeiters from cashing in with knock-off merchandise.Although TV shows generally have a shelf life, Peppa Pig’s appeal shows no signs of waning more than 10 years since the first episode was broadcast in May 2004. suggesting it may be able to match the longevity of Us kids’ shows like Sponge Bob SquarePants, 16 years and still going strong, and Sesame Street which premiered nearly 46 years ago.And with plenty of other coveted content to sit alongside its porcine star the company is a beneficiary of the trend towards video streaming. The company licenses its material to major platforms like Amazon instant Video and Netflix(NFLX:NDQ) – and these platforms are likely to be willing to be pay increasing amounts for the right properties as they look to secure contracted viewers.This should support the company’s drive to double the size of its business in the next five years. The expansion plans will require significant investment – pressuring cash flow and undermining return on invested capital in the near-term.However given the growth potential, which could well be augmented by acquisitions, a March 2016 price-to-earnings ratio of 12 looks too cheap. (Ts)"
