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on the way
Posted by :
BullSwapholding its guns!...
on the way
Posted by : mr bullishpvr is on track for 170+ soon...
BSE Announcements on PVR
Posted by : MMB MessengerPVR Ltd has informed BSE about the Audited Standalone & Consolidated financial results for the Year ended March 31, 2009....
NSE Announcements on PVR
Posted by : MMB MessengerPvr Limited has informed the Exchange that the Board of Directors, at their meeting held on May 29, 2009 recommended payment of Dividend for the year @10 % per share i.e. ( Re. 1each) on equity shares....
BSE Announcements on PVR
Posted by : MMB MessengerPVR Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 29, 2009, inter alia, has recommended payment of Final Dividend @ Re 1 per share subject to the approval, by the members of the Company in the forthcoming Annual General Meeting to be held on or before September 30, 2009....
Technical Alerts
Posted by : BAZEEGAR
Name..................:PVR Ltd
Event.................: Double Bottom
Close at Event........:123
Target Price Range....:166
Opportunity Type......:Long-Term Bullish ..
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Note : although utmost care has been taken in preparing the above alert, recommandation may not be suitable for all investors. Investors must make their own investment decisions using their independent advisors....
Valuations
Posted by : BAZEEGAR
At the CMP of Rs 82.3, PVR is trading at 9.3x TTM EPS of Rs 8.9 We believe the
slowdown in rollout plans. We believe company to post a robust growth in FY10
inspite of slowdown because 45 big-budget films are ready to hit the screens from
June onwards. From Akshay, SRK, Aamir, Hrithik to Shahid, Salman, Abhishek,
John, Ajay Devgan, everyone`s going to have multiple films in the next seven
months [June to December this year].
As in Q4FY09, company had opening its first project - a 24-lane Bowling Alley
Center at Ambience Mall in Gurgaon, which would help them to diversify their
revenue model and it had also helped company to open new revenue stream.
We maintain BUY rating with target price from Rs 120 based on SOTP valuations,
an upside of 46% from current levels....
Key Developments
Posted by : BAZEEGAR
PVR announces opening of Blu-O
PVR has announce the opening of Blu-O, a 24 Lane Bowling Alley Center through
the company`s subsidiary, located at prestigious Ambience Mall in Gurgaon giving
fillip to out door retail entertainment. Equipped with 24 cosmic bowling lanes,
World Cuisine lounge, 2 platinum lounges for private dining and variety of
entertainment lounges, Blu-O has also tied up with ITC for smoking lounge, Xbox
for live gaming lounge and Pepsi for their first Youngistaan bar. Apart from these,
it will also have Tattoo Walla for in-house permanent / temporary tattoo studio and
pro—shop. The opening of Blu-O is another step towards evolving PVR from a
filmed entertainment company to a retail entertainment player with a focus to
enhance the out of home entertainment experience for the patrons and to provide
world-class lifestyle entertainment concepts to the Indian consumers, tapping on
the changing consumer preference patterns owing to increased exposure to global
standards, PVR Blu-O will bridge the gap of higher aspirations vis-a-vis lack of
organized entertainment experience in India....
INVESTMENT RATIONALE
Posted by : BAZEEGAR
PVR is one of the India’s leading multiplex players with a network of 108 screens
located at 26 properties across 14 cities in 9 states and 1 Union Territory. In 2005,
PVR Limited ventured into the business of film distribution and set up PVR Pictures.
In Q1FY09, PVR Ltd, had placed an 40% of stake to Private Equity players for Rs
120 Crore The deal values the production & distribution business at Rs 300 Crore.
PVR has vast expansion plans for its exhibition business where it has plans to set
up ~100 screens over the next 4-5 years. The company has already tied up ~125
properties for the expansion. In FY08, PVR had entered into a Joint Venture with
Major Cineplex Group a leading film exhibition and retail entertainment company
based out of Thailand, called PVR Blu–O Entertainment Ltd. The JV would set-up
bowling alleys, karaoke centers, ice skating rinks and gaming zones across the
country. PVR holds 51% shareholding in the Joint Venture with the balance 49%
owned by Major Cineplex Group. Company’s first project – a 24 lane bowling
center at Ambience Mall has been operational in Q4 FY09....
Diamond in the industry
Posted by : Guestand what about unfair practice in Ludhiana. Where they are deducting entertainment tax inspite of Punjab govt abolishing the same 2 yrs back...
Diamond in the industry
Posted by : nabhosaleAlthough PVR is fundamentally strong,the scrip has got a set back due to quarell of multiplex with distributors. It`s production has secured 1st place in 2008 by launching one the greatest movie in Indian cimena "Taare Zamin Par". ...
Buy PVR below 70....
Posted by : shareviewsNone of the stocks from this segment are performing. Better avoid this neglected sector....
Buy PVR below 70....
Posted by : marketmanBuy PVR cinemas below 70for long term holding.... a high quality stock in the segment.......
BSE Announcements on PVR
Posted by : MMB MessengerPVR Ltd has informed BSE that the Company shall be furnishing and publishing the Audited Annual Results of the Company for the Financial Year 2008-09 on or before June 30, 2009 i.e. within 3 months from the close of the Financial Year ending on March 31, 2009....
NSE Announcements on PVR
Posted by : MMB MessengerPvr Limited has informed the Exchange that: "We shall be furnishing and publishing the Audited Annual Results of the Company for the Financial Year 2008-09 on or before 30th June, 2009 i.e. within 3 months from the close of the Financial Year ending on 31st March, 2009"....
