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EROS Eros

235.50
0.00 (0.00%)
16 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Eros LSE:EROS London Ordinary Share GB00B13JS954 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 235.50 - 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Eros Share Discussion Threads

Showing 10551 to 10574 of 10575 messages
Chat Pages: 423  422  421  420  419  418  417  416  415  414  413  412  Older
DateSubjectAuthorDiscuss
02/11/2022
15:11
Received the following from the Trustees

If you are in any doubt as to the action you should take, you are recommended to seek your own advice immediately from your stockbroker, bank manager, solicitor, accountant or other financial adviser authorised under the Financial Services and Markets Act 2000 (if you are in the United Kingdom), or from another appropriately authorised independent financial adviser.

NOTICE OF EVENT OF DEFAULT
EROS MEDIA WORLD PLC (formerly EROS STX GLOBAL CORPORATION, formerly EROS INTERNATIONAL PLC)
(the “Issuer”)
Notice to the holders of £50,000,000 6.50 PER CENT. SECURED BONDS due 13 April 2023 (the “Bonds”) of the Issuer
(ISIN: XS1112834608; Common Code: 111283460)

THIS NOTICE IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION
We, U.S. Bank Trustees Limited, in our capacity as trustee in respect of the Bonds (the “Trustee”) refer to the RNS notice delivered by the Issuer dated 1 November 2022 (the “Issuer Notice”).

The Issuer Notice can be found here:


Event of Default: The Issuer has informed the Trustee that it has not been able to make the payment due on the Interest Payment Date on 15 October 2022 within the applicable grace period specified. The applicable grace period has now expired and this therefore constitutes an Event of Default pursuant to Condition 8(a) of the Conditions of the Bonds.
With regards to the non-payment, the Issuer Notice states that the Issuer: “hereby gives notice that, due to ongoing administrative issues flowing from its demerger with STX Entertainment, it has not yet made the coupon payment on the Bonds which was due on 17 October 2022, and payable by 31 October 2022.
[The Issuer] is committed to rectifying this delay in payment of the coupon as soon as possible and will do so shortly”
The Trustee accepts no responsibility for the contents of the Issuer Notice.

Directions and Indemnity: following the occurrence of an Event of Default, the Trustee at its discretion may, and if so requested by holders of at least one-fifth in nominal amount of the Bonds then outstanding or if so directed by an Extraordinary Resolution shall, subject in each case, to its being indemnified and/or secured and/or pre-funded to its satisfaction, give notice to the Issuer that the Bonds are, and they shall immediately become, due and payable as at such date at their nominal amount together (if applicable) with accrued interest.
2
At any time after the Bonds become due and payable, the Trustee may, at its discretion and without further notice, institute such proceedings or take such steps or actions against the Issuer and/or any Subsidiary Guarantor as it may think fit to enforce the terms of the Trust Deed, the Bonds and the Coupons, but it need not take any such proceedings, steps or actions unless (a) it shall have been so directed by an Extraordinary Resolution or so requested in writing by Bondholders holding at least one-fifth in nominal amount of the Bonds outstanding and (b) it shall have been indemnified and/or secured and/or prefunded to its satisfaction. No Bondholder or Couponholder may proceed directly against the Issuer or any Subsidiary Guarantor unless the Trustee, having become bound so to proceed, fails to do so within a reasonable time and such failure is continuing.

At the current time, the Trustee does not intend to take any steps to enforce the terms of the Trust Deed, the Bonds and the Coupons unless so directed and indemnified and/or secured and/or pre-funded to its satisfaction.

Contacts: Noteholders who have queries concerning anything mentioned in this notice may contact the Trustee along with relevant proof of their holding at:
Address: U.S. Bank Trustees Limited, Fifth Floor, 125 Old Broad Street, London, EC2N 1AR
Reference: Corporate Trust re Eros STX Global Corporation
E-mail: cdrm@usbank.com
E-Mail: chris.hobbs@usbank.com
E-mail: laurence.griffiths@usbank.com
Capitalised terms used and not otherwise defined in this notice shall have the same meaning as in the prospectus dated 25 September 2014 which was issued by the Issuer in connection with the Bonds.
Notice is given by the Trustee dated 2 November 2022
U.S. BANK TRUSTEES LIMITED

goonerbob
08/5/2019
09:19
I saw this on yahoofinuk:

(Bloomberg) -- A Bollywood filmmaker that was spurned by credit investors several years ago is changing the terms on a planned dollar bond offering after money managers balked again, as signs of caution in global debt markets mount.

Eros International Plc is tweaking its plan after holding road shows last month, at a time when investors have been inundated with dollar bond supply and U.S.-China trade tensions are bringing more volatility to markets.

In a novel twist, the maker of films with stars such as Priyanka Chopra and Salman Khan now plans to offer notes that will be secured against its library of more than 12,000 film titles available to global viewers via its platform Eros Now, after having sought an unsecured structure last month, the company said when asked. It pulled a dollar bond offering two years ago after investors demanded higher yields.

A surge in Asian dollar note sales is testing investor appetite after the market’s best rally in years. Buyers of Indian firms’ overseas debt have also faced issuance that has reached records in 2019.

Last year, billionaire Mukesh Ambani’s Reliance Industries Ltd. acquired a 5 percent stake in Eros. The Mumbai-based company reported an unexpected quarterly profit.

planetgong
22/2/2019
06:35
ErosNow still on a tear. They’ve reached their 16 million paid subscriber target 3 months early.



Our digital & ancillary business generated $35.6 million in revenue, a growth of 31.4% over last quarter, and represented 46.4% of our total revenue this quarter – the largest proportion ever. Eros Now achieved 15.9 million paid subscribers this quarter, which represents growth of 218% year-over-year, and registered users grew to more than 142 million, a 78% increase versus the prior year period.

blusteradjuster
27/6/2018
18:18
Good results today.
boonboon
18/5/2018
10:04
Missed this from last week. Stellar growth in paying subscribers.




ISLE OF MAN, United Kingdom--(BUSINESS WIRE)--May 9, 2018-- Eros International Plc (NYSE: EROS) (“Eros” or “the Company”), a leading global company in the Indian film entertainment industry, today announced that Eros Now, its cutting edge digital over-the-top (OTT) South Asian entertainment platform, has reached over 100 million registered users and 7.9 million paying subscribers worldwide as of March 31, 2018.

This substantial growth in paying subscribers represents a 58% increase over the last reported quarter and a 277% increase from 2.1 million paying subscribers as of the fiscal year ended March 31, 2017. The Company also today reiterated its previous guidance that its Eros Now paying subscriber base is expected to double over the next 12 months to approximately 16 million paying subscribers by fiscal year end 2019.

blusteradjuster
27/2/2018
21:57
I note they are now on Amazon Prime Video easy way to get their content to UK audiences on your TV.



Charging £5.99 a month.

smurfy2001
27/2/2018
21:39
Yes, the figures remain opaque.

I’ve always assumed big subscriber numbers means a higher share price.

Momentum is good.

blusteradjuster
21/2/2018
14:36
Need to see some real profit figures and downward trend in receivables otherwise forget it.
smurfy2001
21/2/2018
13:57
Reliance Industries Limited (“RIL” or “Reliance”) and Eros announced yesterday that RIL, through a subsidiary, has agreed to subscribe to a 5% equity stake in Eros at a price of $15 per share. This represents an 18% premium to the closing price on February 16, 2018. The transaction is subject to customary regulatory and other approvals.

RIL and Eros International Media Limited (“Eros India”) announced that they have agreed to partner in India to jointly produce and consolidate content from across India. The new partnership will equally invest up to $150 million to produce and acquire Indian films and digital originals across all languages.

Eros Now’s paying subscriber base increased 150% y-o-y - triple digit growth from 2 million paying subscribers as of December 31, 2016 to 5 million paying subscribers as of December 31, 2017. Registered users reached over 80 million as of December 31, 2017. Company re-affirms previous guidance of 6-8 million paying subscribers by FYE 2018 and expects to double that base by FYE 2019.

blusteradjuster
09/10/2017
12:07
Cheap mobile data in India surely good for Eros Now.
blusteradjuster
07/10/2017
15:20
@jhan66 - thanks
smurfy2001
07/10/2017
06:55
Does seem a bit odd bringing up a twitter profile that only “liked” negative tweets about EROS.

Perhaps this falls into a grey-area of aliases and bots - basically the attempted creation of fake consensus.

We humans are social creatures and tend to accept, with little critical thinking, propositions we believe to already have an established consensus.


It’s an old mind-trick that has been supercharged on social media - often with nefarious intent.

blusteradjuster
07/10/2017
06:48
Smurfy,

I think those numbers included “catalogue sales”.

Until they give a detailed breakdown for subscriber-revenues/margins I think that “rapid revenue growth from a low-base” is about as much as we can reliably assume.

blusteradjuster
07/10/2017
06:37
hxxps://www.goodetrades.com/2017/10/eros-international-plc-eros-sues-large-number-of-short-sellers/

I believe you can access all 120 pages from here.
It has an interesting breakdown of the dark side players

jhan66
06/10/2017
18:47
This tweet has references to posters snipped from the lawsuit.





Anyone know where we can download the lawsuit from?

smurfy2001
06/10/2017
18:12
Will have 6-8 million subscribers by end of FY18 for Eros Now: Eros International

In an interview to CNBC-TV18, Jyoti Deshpande, Group MD & CEO of Eros International spoke at length about the lawsuit and her outlook going ahead.

smurfy2001
06/10/2017
17:58
So they are pulling in $18.5m in revenue for subscribers based on 3.7 million paying subscribers. That's an increase from $14.5m based on 2.9 million paying subscribers, assuming the same $5 average subscription fee per month.

That equate to $222m a year revenue best case.

Am l missing something?

smurfy2001
06/10/2017
17:22
I think the point of Eros Now is that it doesn’t matter who funds the content, as long as Eros Now brings in the subscriber-viewers, they can take a cut almost for free.
blusteradjuster
06/10/2017
17:20
Cinema revenues decline - don’t know what that signifies going forward.

Eros Now revenues seem to be exploding (from a low base), I presume that a very high % of incremental Eros Now revenues flow straight to the bottom line.




In the three months ended June 30, 2017, the Eros film slate was comprised of five films of which one was high budget, one was medium budget and three were low budget as compared to 14 films in the three months ended June 30, 2016, of which three were high budget, two were medium budget and nine were low budget.

In the three months ended June 30, 2017, the Company’s slate of five films comprised of one Hindi film, one Tamil film and three regional films as compared to the same period last year where its slate of 14 films comprised five Hindi films, five Tamil films and four regional films.

For the three months ended June 30, 2017, revenue decreased by 14.4% to $60.8 million, compared to $71.1 million for the three months ended June 30, 2016.

For the three months ended June 30, 2017, aggregate theatrical revenues decreased by 36.9% to $23.6 million from $37.4 million for the three months ended June 30, 2016, mainly due to a lower number of films, especially high and medium budget Hindi films.

Theatrical revenues in the three months ended June 30, 2016 comprised revenues from Ki & Ka, Housefull 3, 24, Sardar Gabbar Singh in comparison to a slate with fewer films in the three months ended June 30, 2017 with Sarkar 3, Oru Kidayin Karunai Manu and Posto.

For the three months ended June 30, 2017, aggregate revenues from television syndication decreased by 11.2% to $17.4 million from $19.6 million for the three months ended June 30, 2016, mainly due to lower new release television revenues partially offset by catalogue revenues.

For the three months ended June 30, 2017, the aggregate revenues from digital and ancillary increased by 40.4% to $19.8 million from $14.1 million for the three months ended June 30, 2016 primarily on account of contribution from Eros Now and catalogue revenues.

blusteradjuster
06/10/2017
17:12
It’s all about ErosNow’s paying subscribers.

Shame they don’t provide more detail on how many are paying on an ongoing basis and how much they are paying.

blusteradjuster
06/10/2017
15:31
Eros International sues investors over market manipulation
smurfy2001
06/10/2017
15:30
Eros share price seems to be doing OK in US though? Last time it reported it halved :)
spectoacc
06/10/2017
14:18
Poor set of results, small shareholder loss and receivables increased by $35 million. On positive side revolving credit renewed but facility reduced by approx $30 million. Eros now subscribers increased by about 8 million but no sign of it impacting positively on the accounts.
lonrho
20/9/2017
09:53
Bonds gently improving, albeit from a low base.
Hope it continues!

semper vigilans
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