ESGC - ErosSTX Global

[Spekulatius]

I come statement doesn’t look that great:

https://www.sec.gov/Archives/edgar/data/1532981/000117152020000426/eps9278.htm

 

Was written up in VIC as a short at ~$16:

https://www.valueinvestorsclub.com/idea/EROS_INTERNATIONAL_PLC/4402308714#messages

Interesting comment  that the company sued short sellers, which seemed to have been right.

 

This was for the predecessor, but I don’t think it matter as I think same people are behind it. It does seem like a stock, the WSB crowd might like, low share price, low float, some story etc.

[sethatk]

Here is a podcast discussing the company.

https://yetanothervalueblog.com/podcast?ppplayer=704b9e5f05450865727a07b7877b9c44&ppepisode=d70d175c0251e0f48dd1296472fde375

 

 

[KJP]

Luma, et al.,

 

How much do you think legacy STX is worth?  It's not obvious to me given the nature of film accounting.  My question is also a roundabout way of asking how much your paying for the Indian OTT optionality?

[Broeb22]

Here is a podcast discussing the company.

https://yetanothervalueblog.com/podcast?ppplayer=704b9e5f05450865727a07b7877b9c44&ppepisode=d70d175c0251e0f48dd1296472fde375

 

This was fascinating. Thank you for the share.

[hasilp89]

Here is a podcast discussing the company.

https://yetanothervalueblog.com/podcast?ppplayer=704b9e5f05450865727a07b7877b9c44&ppepisode=d70d175c0251e0f48dd1296472fde375

 

This was fascinating. Thank you for the share.

 

great interview - made me reconsider the opportunity from a special situation perspective. He clearly did his homework on management (specifically CFO), refi and putting Eros management in a box.

[sethatk]

I agree and have been building a position. 

[hasilp89]

Anyone keeping up here have any thoughts on the sell down by TPG / who’s buying. New 13d filed each week & selling ~5m shares a week. Won’t be till may until they’re out. Thinking there’ll be pressure on the stock until they’re out even if refi is announced prior to that.

[Seth Lowry]

Well TPG is probably out, volumes have dried up.

I guess if the auditor takes until late April the refi could drift into May, but hopefully it goes sooner as I saw on another blog that refi deal was being shopped already and so hopefully the reviewed financials are just a final contingency item instead of the start of a series of gating items.

Anyone have any insights on how whoever was buying was able to avoid 13D/G filings? Something with foreign issuer/parties or complex derivatives (CVRs?)