You are here:
Celebrate our 150th anniversary with fantastic savings on a joint magazine and IC Advantage subscription.
Entertainment Rights has ended discussions with a rumoured two parties that were interested in acquiring it. No reason was given.
Advertising
Any takeover would have been at bargain-basement levels anyway - the shares had collapsed because of distribution problems over Christmas. Broker Dresdner Kleinwort forecasts 2008 adjusted pre-tax profits of £14.7m (£11.9m in 2007) and EPS of 1.4p (0.79p).
Entertainment Rights can now move ahead without further distractions. It's certainly got plenty to do. At 9.5p, the shares are fairly priced.
Last IC view: Fairly priced, 10p, 9 Apr 2008
Free access to financial data, charts, portfolio tools and more - registration is quick, secure and free!
Profit from IC share tips; discover the benefits of IC Advantage and sign up for a free trial.
© The Financial Times Limited 2010. All rights reserved. "Investors Chronicle", "FT" and "Financial Times" are trademarks of The Financial Times Limited. No part of these web pages may be reproduced or transmitted to or stored in any other website or other form of electronic retrieval system, without prior permission in writing from the editor.
Warning: Do remember, particularly if you are new to stock market investment that the prices of shares and other investments can fall sharply. You may not get back the money you originally invested. The material here is for general information only and is not intended to be relied upon for individual investment decisions. Take independent advice before making such decisions. This site is aimed at UK residents only. To read more please see our Important Warning
v6.2.10.5 running on www.investorschronicle.co.uk
