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VINDICATION: Oooh er Mrs – it really is now almost game over for one of the biggest POS companies on the AIM Casino
Hello Share Combers. It’s that jolly time of year when our minds drift towards being entertained, rather than doing any work. Though you probably agree with me that the two weeks before Christmas are incredibly stressful, given the joint burdens of festive preparation and working as usual. So let’s have a look at a big name in film and tv production...
Main market-listed Entertainment One (ETO) is a company I had a soft spot for until not so long ago, but the voting results from its AGM yesterday leave rather a bitter taste – especially in view of the company’s reaction to it.
Earlier this month I looked at Entertainment One (ETO) unanimously rejecting a 236p per share takeover proposal from ITV and whether ITV would be back - see HERE. Now we have an “ITV withdraws proposal to acquire eOne” announcement...
Entertainment One (ETO), owner of 100,000 hours of films and 40,000 songs, announces this morning that it has completed purchasing the half of digital agency Secret Location which it did not already own. Secret Location is an award-winning creator of interesting online/virtual-reality experiences, and the news has been well-received by investors.
Noting a highly suspicious share price rise from sub 200p to more than 216.5p yesterday (or as the announcement puts it “the recent movement in the company's share price”), Entertainment One (ETO) has announced “that it has received a preliminary proposal with respect to a possible offer”, later confirming that this was from ITV. The proposal put to it has been “unanimously rejected” by the board and ITV has now also responded…
Hello Share Tasters. I’m just a little old to watch Peppa Pig on the telly. But I know a lot of toddlers who are very keen indeed. The cute porker is half owned by Entertainment One (ETO). And the interesting thing about this company is that there are rumours flying that ITV may be considering an offer although Entertainment has denied that it has actually received a bid at this point.
It can be seen how Entertainment One (ETO) has been a rather robust technical situation in the recent past, backed by the remarkable growth of the Peppa Pig phenomena, and also bankrolled by a sizeable chunk of the Zak Mir salary on behalf of my (bored) kids.
Analyst Fiona Orford-Williams ( who we bet did not grow up next door to Brokerman Dan Levi in the Manchester slums sharing a communal outside lavatory) at commissioned researcher Edison reckons that shares in Entertainment One (ETO) are “excellent value” at 333p after the trading update yesterday. Excellent maybe Edison over-egg but good value is perhaps not unreasonable.
Now the largest film distributer in Canada, the largest independent film distributer in the UK, Spain and the Benelux and a FTSE-250 constituent, Entertainment One (ETO) has updated that “full year earnings are expected to be ahead of management expectations” and that “the directors remain confident in the outlook for the company”. However, is this already more than discounted in a share price which, at a current 324.5p, is significantly ahead of the 175p of less than a year ago (when the shares were added to the Growth portfolio of the Nifty Fifty)?
Having previewed the interim results of international specialist in the acquisition, production and distribution of film and television content, Entertainment One (ETO) last month (see HERE), the following updates post the results announcement and with researcher Edison also having published its reaction.
Shares in international specialist in the acquisition, production and distribution of film and television content, Entertainment One (ETO) have continued to rise since I last updated HERE – to now trade at 238p. Does there remain value here?
Recent new FTSE-250 constituent Entertainment One (ETO) has announced that results for its half year ended 30th September 2013 are to be announced on 19th November. Should we look forward to good news and are the shares cheap. Yes and yes.
Shares in international entertainment content owner, producer and distributor, Entertainment One (ETO) have been written up on this website in April at 184p HERE and May at 191.5p HERE. The following updates, with the shares currently at 205p, following a statement last week on trading so far in the company’s year ending 31st March 2014...
Shares in international entertainment content owner, producer and distributor, Entertainment One (ETO), were added to the Growth portfolio on my premium Nifty Fifty website last month at a 175p offer price. The shares now trade at 190-193p following the company’s announcement of results for its year ended 31st March 2013 but they are still a buy. And here is why..
I tipped this stock at 175p to buy the other day on my Nifty Fifty premium web site but now at 184p in the middle it is still cheap – target price at least 250p.
Entertainment One (ETO), the London main market listed producer and distributor of film and television content, has updated that “full year earnings are anticipated to be in line with management’s expectations” on underlying revenue up 11% in the 10 month period to end January. The shares have risen from a 13.5p low hit in the depths of the markets 2009 despair to a current 188p. They did however trade above 200p in late 2011/early 2012 and, with a present market cap in excess of £500 million, the following offers my current take here…
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