Does anybody know why this price keeps falling? Its STRONG BUY AMOUNGST THE BROKERS but just doesnt move upwards! So far im down nearly half!!!!!!

Me too Keith and I don't know either. They've a strong product portfolio, growing markets and keep doing the right deals. It's a mystery to me.....

Tipped in Money Week by Paul Hill yesterday

maybe its because of the us dollar weakness. I assume they have a lot of dollar business,, any thoughts??

.

I'm sure that's not helping but wouldn't have thought it would be enough on its own to warrant the recent decline.

Suffering today on the back of the Character profits warning.

I looked at ert some time ago ... what a marvelous library I thought ... in an area swilling with money TV ... must be a winner, eventually retired hurt ie., it cost me "MUNY" .... I have since puzzled how do they manage it .... new cars every year, girl friends in Miami, or just incompetence!!!

Same old story too much hype not enough profit!

Whatever is happening to the price, any thoughts??

Borrowings 115 million as at 30/06/07 recent statement suggests negative impact on current trading... avoid.

It's the end now!


26 February 2009

Entertainment Rights Plc

('Entertainment Rights', or the 'Group' or the 'Company')

Update to Shareholders

Following the announcement of 29 December 2008, the Board has been vigorously exploring the options available to stabilise the business and secure its long term future. The Board has now completed this process and, together with Entertainment Rights' lender, is committed to a sale of the Company's business.

The Board has received offers for the Company's subsidiaries or business and assets and is in advanced negotiations with a number of bidders who have substantially completed their due diligence in order to complete a transaction imminently.

The offers received are at a level which would be acceptable to the Board and to the Group's lender, but at which there is no prospect of recovering all of the outstanding debt. It is now clear that neither a sale nor the alternative of a bank supported restructuring solution would result in any value being attributed to the ordinary shares in Entertainment Rights Plc. No offer has been received for the Company's ordinary shares and the Company is not in discussions with any party regarding an offer for the Company's ordinary shares, accordingly the Company is no longer in an offer period.

The Group's lender has indicated that it intends to continue to support Entertainment Rights beyond 28 February 2009 to complete a sale or restructuring solution. Accordingly, the Board is pleased to announce the extension of further short term funding to the Group to enable it to complete this process.

rns has been read all wrong bids were not suitable for parts of the business.funding sorted untill real bidder comes out the woodwork.4-5p

10mill@.1 on the buy side l2

sellers here will be sick.very soon.waldo contract is worth 2p alone

some of you guys nead too learn how to read an rns.if the shares were worth zero they would have been suspended 1st thing.bank is given the funding short term as bid will appear.4-5p acceptable