Recently floated on AIM, EROS looks set for fast growth in 2007. EROS buys the rights for the distribution of Bollywood movies in all formats (cinema, DVD, television etc.) usually for a cash lump sum on completion of the movie with no commission payable to the producer and also usually alongside the right of first refusal when the contract is up. This business model is high-margin (58.3%) and provides a steady income stream. Bollywood films are becoming increasing popular internationally and this is coupled with the embryonic state of the Indian cinema industry (there are only 12,000 screens for a population of over 1 billion and 90,000 screens are expected to be installed within the next 5 years). Profits for this financial year are expected to climb 61% to $32.4 million. EROS also benefits from being registered in the tax haven of the Isle of Man.

Latest buy shown as 125, very nice.

25% up in 5 days, plenty more to come I hope.

Steady rise continues today, latest buy 137.

Good set of results and a very positive outlook, next stop 150.

Very good set of results, surprised it dropped a few pennies, talk of it moving to the main market is good too, this looks like it has a way to go this year.

Small Company Sharewatch has this tipped today + a small piece in the Daily Mail ,good press all round.

http://www.headlinesindia.com/entertainment-news/movies/kambakkht-ishq-grosses-rs1-bn-in-first-week-16527.html


Another positive write up.

Positive news out today and about to hit 150

Yup this is looking good i'm hanging on to mine..

Eros buoyed by Love Aaj Kal opening
Business Financial Newswire
Indian media and entertainment firm Eros International had an extremely positive opening for 'Love Aaj Kal', with the film grossing INR62crores worldwide in its opening weekend.

The film has grossed over INR47crores in India and INR15crores overseas.

The firm said Love Aaj Kal had been a resounding success with never before seen response to a Hindi film overseas.

The film is in the UK Top 10 and Australia has shown fabulous collections of A$205,821, once again leaving behind previous hits.

Ticking up..

bid 150 now, very nice, probably be some profit taking now.

No problem ,i'm in for a while , or unless i hear any news to change my mind..

Ok forget the profit taking this is breakout time, 160 on the offer already.

This is on a run now.

Nicely up agin this morning..

Love Aaj Kal crosses Rs 1 billion in first week
By Indiantelevision.com Team
(8 August 2009 3:30 pm)

MUMBAI: Eros International's Love Aaj Kal has raked in Rs 1.08 billion in its first week, making it the biggest grosser of the year.

The movie, made in association with Illuminati Films Production, has collected Rs 750 million from India alone.

Says Eros International senior VP - Distribution-India Nandu Ahuja, "We are thrilled that our first venture with Illuminati Films has proven to be such a huge success. The superb run of the film in the first week has superceded all expectations. The Raksha Bandhan holiday greatly helped boost up admissions mid week".



Love Aaj Kal was released with approximately 1200 prints in over 1800 screens worldwide.

"Love Aaj Kal has performed incredibly well in all the overseas markets. We were expecting a commercial success but this kind of response has been overwhelming with all major markets indicating remarkable box-office results," says Eros International president (Distribution) Europe and Africa Pranab Kapadia.

Morning Jimmy b, love this share, every week some more positive news but it seems that its only you and me who are enjoying the ride, each to their own I suppose. Buys going through now over 170.

Morning lelael ,it does look like just you and me here ,i'm surprised no one else has cottoned on to this, positive news every day ,definitely a recovery stock...