Performance 
On a tip from a visitor (thanks Jon), we’ve taken a closer look at Eros International PLC – a market-leading Indian film producer and distributor that have been in the game since 1977.
Without going into numbers, their 2008 annual report made very interesting reading and although things have changed since then, their business mix caters well for those tightening their purse strings – during recessions you may swap your visits to the cinema for a night in with a DVD – either way Eros has both of those markets covered.
Eros has built a successful business model by combining the release of a portfolio of 30-40 new films every year with the exploitation of a valuable film library of over 1,900 film titles, making it undisputedly one of the largest content owners in the business.
Bollywood, as an industry has gone through a major growth period in recent years and western films like Slumdog Millionaire have probably helped fuel the flames a little. I can’t see it slowing. So my head tells me Eros has a pretty healthy upside. Time will tell.
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Comments
Posted On
Jun 05, 2009Posted By
markgood luck, shall be following with interest…
Posted On
Jun 05, 2009Posted By
PaulThanks for your comments Mark, appreciated!
Posted On
Jun 06, 2009Posted By
JonMy pleasure….hope it works out for you.
I bought at 87p one week ago and it is up 21% in a week but, looking at the charts I think there is a huge upside – they were over £5 two years ago and they have just broken up through their 100 day moving average (my favourite sign!). Why did I only put £2k in? Doh! Think I may buy more.
Posted On
Jun 06, 2009Posted By
PaulThanks again for your comments Jon, chart looks good, seems to be hitting higher highs of late. Always nice when you get above some of those longer term moving averages.