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Little Compilation of DD

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Eros International Plc Wins Default Judgment Against Alleged Market Manipulator Manuel Asensio Business Wire - 11/22/2019 9:30:00 AM
Eros International Unit in Deal With YouTube Music in India Dow Jones News - 11/18/2019 10:19:00 AM
Eros Now Announces Collaboration with YouTube Music Business Wire - 11/18/2019 8:00:00 AM
Eros International Plc Reports Second Quarter Fiscal Year 2020 Results Business Wire - 11/15/2019 8:00:00 AM
Eros International Plc Announces Indian Subsidiary Results for the Second Quarter Fiscal Year 2020 Business Wire - 11/11/2019 4:01:00 PM
Eros International Plc to Release Andhadhun in Japan Business Wire - 11/11/2019 8:00:00 AM
Amended Statement of Ownership (sc 13g/a) Edgar (US Regulatory) - 11/8/2019 12:29:03 PM
Eros International Plc Announces Details of Fiscal Year 2019 Annual General Meeting of Shareholders Business Wire - 11/5/2019 8:00:00 AM
Eros International Plc Acquires International Distribution Rights To Four Bollywood Films Business Wire - 11/4/2019 8:00:00 AM
Eros International Plc to Report Second Quarter Fiscal Year 2020 Results on November 15th, 2019 Business Wire - 10/23/2019 9:15:00 AM
Eros Now to Stream Content in Dolby Vision and Dolby Atmos Business Wire - 10/21/2019 8:30:00 AM
Eros International Plc Reports First Quarter Fiscal Year 2020 Results Business Wire - 10/8/2019 7:24:00 AM
Eros International Plc to Report First Quarter Fiscal Year 2020 Results on October 8th, 2019 Business Wire - 10/1/2019 8:18:00 AM
Report of Foreign Issuer (6-k) Edgar (US Regulatory) - 9/27/2019 4:31:37 PM
Eros International PLC Announces $25 Million Equity-Linked Financing Business Wire - 9/26/2019 8:19:00 AM
Report of Foreign Issuer (6-k) Edgar (US Regulatory) - 9/26/2019 7:48:34 AM
Prospectus Filed Pursuant to Rule 424(b)(5) (424b5) Edgar (US Regulatory) - 9/26/2019 7:45:13 AM
Eros International Up 20%; Working With Microsoft on Video Platform Dow Jones News - 9/19/2019 9:20:00 AM
Eros Now Announces Collaboration with Microsoft to Develop Next Generation Online Video Platform Business Wire - 9/19/2019 8:00:00 AM
Eros Now Partners With ROKKI to Offer AirAsia WiFi Users Best of Indian Entertainment and Discounted Subscription Plan Vouche... Business Wire - 9/16/2019 8:50:00 AM
Eros Now: Unravelling The Digital Video Consumer - Looking Through The Viewer Lens Business Wire - 9/6/2019 1:53:00 PM
Eros Now Announces Strategic Partnership with One Plus, To Deliver A Premium Quality Entertainment Experience in India Powere... Business Wire - 9/3/2019 9:39:00 AM
Eros International Plc Releases Annual Report on Form 20-F for The Fiscal Year Ended March 31, 2019 Business Wire - 8/28/2019 4:05:00 PM
Eros Now Announces Vodafone Qatar Partnership Business Wire - 8/21/2019 9:00:00 AM
Eros Now Announces China VOD Distribution Deal with Wasu Media Business Wire - 8/19/2019 10:56:00 AM
finesand   Wednesday, 10/09/19 03:47:37 PM
Re: finesand post# 293
Post # of 390 
Little Compilation of DD

(to debate, consideration)

Since short seller attack and CARE rating drop in June:

- 20-F: Sarbanes oxley (SOX) compliance
- 20-F: Increased institutional holdings

- 1Q20 ER https://www.businesswire.com/news/home/20191008005513/en/
- Already cash flow positive with small profits in last quarter
- Forecasts to become free cash flow positive by year end

- Partnerships with OnePlus TV, WASU Media, Jio
- WASU
-- https://www.marketwatch.com/press-release/eros-now-announces-china-vod-distribution-deal-with-wasu-media-2019-08-19
-- https://www.crunchbase.com/organization/wasu-media-holding

- Partnership with Microsoft Azure: AI Dubbing + Seamless video platform

- Laal Kaptaan anticipation and release October 2019

- Strategic Review with CITI
-- About to close a pending deal (CC: Lawyers told CEO to STFU until its done)

- CARE upgrade in 30-60 days or so

- Debt buyer of 2017 and 2019 a mysterium, Reliance/Jio?
- $25M Note conversion $3.59/sh or VWAP after 4 month (50/50 potential)
- Reliance Short Trap: https://economictimes.indiatimes.com/master-move-how-dhirubhai-ambani-turned-the-tables-on-the-kolkata-bear-cartel/articleshow/9059587.cms

+++

1Q20 Ending 2019-06-30, as stated on 2019-10-07
- OS 137M (fully diluted class A + B as of 2019-09-06 ???)
- Total Cash $81M
- Current Receivables $209M
-- Fair value $130M
-- Amortised cost $79M
- Current Assets $299M
- Current Liabilities $263M
- Working Capital $36M
- Cash + 50% net current receivables = $186M
-- NCAV $-77.5M
- Total Assets $1051M
- Total Liabilities $372M
- Equity $679M or $4.96/sh
- Net cash generated from operating activities $10M

EV calculus using Total Liabilities:
OS 137M (fully diluted class A + B)
MCAP-1 137M x $1.40 = $192M
MCAP-2 137M x $4.00 = $548M
Total Liabilities $372M
Total Cash $81M
EV-1 $483M
EV-2 $839M

"For the full fiscal year 2020, we are forecasting consolidated revenue in the range of $200 million-220 million, Adjusted EBITDA of $80 million – 95 million and net debt in the range of $100 million – 110 million."

Using revenue full year $200M as the lower end.

1) EV/R 2.42, P/S 0.96 (mcap-1 $192M, 137M sh x $1.40/sh)
2) EV/R 4.20, P/S 2.74 (mcap-3 $548M, 137M sh x $4.00/sh) ****

Also https://www.marketwatch.com/investing/stock/EROS/financials/cash-flow/quarter (1q20 not yet included)

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