djay
Member of DD Central
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Post by djay on Oct 9, 2019 12:00:00 GMT
Eros International Plc (EROS) CEO Kishore Lulla on Q1 2020 Results - Earnings Call Transcript
I don't like the content of this conference call, allot of unsubstantiated fluff about "the future", but no substance about a pretty weak set of results. That aside total debt appears to be heading downwards
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djay
Member of DD Central
Posts: 121
Likes: 87
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Post by djay on Oct 9, 2019 13:21:31 GMT
I don't like the content of this conference call, allot of unsubstantiated fluff about "the future", but no substance about a pretty weak set of results. That aside total debt appears to be heading downwards It's not that inspiring is it. I have some of the bonds, not sure I'd want to be over exposed to them. On the broader note, I like the idea of these transcripts being available. Although I'm not that keen on SeekingAlpha. I have a free account with them, via TrashMail. I seem to remember they send a lot of email.
They are keen on reducing the debt that is a bright point. There's got to be potential for them to further reduce acquisition coast via teleco's etc, but I've heard that story so many times before.
It has a place in a diversified portfolio, but I'm not sure it's one I'd be chasing in isolation. I'd add more income, but not capital in any substantial way.
My experience with media companies over the years hasn't been that great. They know how to spend money, but not always make it.
200m subscribes and low acquisition costs could be interesting for equity holders, for bond holders the debt reduction is at least reassuring.
They appear to have lots of contact with Tim. If I was bullish, I'd check to see how much exposure/position Macquarie have. If it's extensive, maybe they've spotted something the market has missed?
That might be possible via Edgar, I've just never done that for a US listed stock. Guess it might be in their Annuals (Eros).
A couple of recent tie ups with bigger players got me interested enough for a nibble, but that will be all for the time being.
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pip
Posts: 542 
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Post by pip on Oct 9, 2019 14:04:04 GMT
It's not that inspiring is it. I have some of the bonds, not sure I'd want to be over exposed to them. On the broader note, I like the idea of these transcripts being available. Although I'm not that keen on SeekingAlpha. I have a free account with them, via TrashMail. I seem to remember they send a lot of email.
They are keen on reducing the debt that is a bright point. There's got to be potential for them to further reduce acquisition coast via teleco's etc, but I've heard that story so many times before.
It has a place in a diversified portfolio, but I'm not sure it's one I'd be chasing in isolation. I'd add more income, but not capital in any substantial way.
My experience with media companies over the years hasn't been that great. They know how to spend money, but not always make it.
200m subscribes and low acquisition costs could be interesting for equity holders, for bond holders the debt reduction is at least reassuring.
They appear to have lots of contact with Tim. If I was bullish, I'd check to see how much exposure/position Macquarie have. If it's extensive, maybe they've spotted something the market has missed?
That might be possible via Edgar, I've just never done that for a US listed stock. Guess it might be in their Annuals (Eros).
A couple of recent tie ups with bigger players got me interested enough for a nibble, but that will be all for the time being. I would say if you think Eros International has a future go for the shares not bonds. Personally I really struggle to understand the company and its structure. Far too many related parties, different jurisdictions and nepotism for me. I to unfortunately have the bonds, I will try to sell if they go over 80p in the pound. On the face of it the eros now subscriber numbers are great, but the whole thing just doesn't smell right to me. The accounts receivables balance is huge at over $200m and grew even as revenue slid. Big red flag for me. The company has clearly also, whether rightly or wrongly totally lost all investor confidence. If they need to raise more cash in the future, which I assume they will need to do if the retail bond is to be repaid, it looks currently impossible. The shares though are now trading at so low levels that if the company can shake off its bad reputation, it could fly. Both the bonds and shares to me are super risky, personally want to get out rather than further into, but purely on a risk/reward basis the shares seem the better bet.
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