Ashish Kacholia Latest Buy UFO Moviez
Posted: Sun Jan 22, 2017 11:22 pm
ASHISH KACHOLIA has bought 5,08,415 shares of UFO Moviez India Ltd in December 2016.
UFO Moviez is in the Media & Entertainment sector. The current market capitalisation stands at Rs 1,122.52 crore.
The company management includes Sanjeev Aga - Chairman & Ind.Director, Sanjay Shankar Gaikwad - Managing Director, Kapil Kumar Agarwal - Joint Managing Director, Lynn Antionette De Souza - Independent Director, S Madhavan - Independent Director, Biswajit Anna Subramanian - Nominee Director, Ameya Narendra Hete - Nominee Director.
Axis Direct's research report on UFO Moviez
UFO Moviez’ (UFOM) Q2FY17 ad revenue grew 50% YoY, driven by healthy ad spends across government (up 94%) and private/ corporates (up 15% YoY). Ad revenue growth was driven by 36% growth in ad volume (5.15 ad minutes/screen/show); ad realization improved 13% YoY given benefits of differential pricing (based on movie content) for corporates, while government ad realization was stable YoY (DAVP realization).The management maintained its FY17 ad growth guidance at >30%, as H1FY17 ad revenue grew 29% YoY.
We expect UFOM to be the major beneficiary of ramp-up in ‘in-screen’ ad spends given (a) its successful strategy to aggregate ad inventory of single screens and (b) advanced technology offering more transparency and comfort to advertisers. Maintain BUY with TP of Rs 730 (8x FY18E EV/EBITDA).
UFO Moviez is in the Media & Entertainment sector. The current market capitalisation stands at Rs 1,122.52 crore.
The company management includes Sanjeev Aga - Chairman & Ind.Director, Sanjay Shankar Gaikwad - Managing Director, Kapil Kumar Agarwal - Joint Managing Director, Lynn Antionette De Souza - Independent Director, S Madhavan - Independent Director, Biswajit Anna Subramanian - Nominee Director, Ameya Narendra Hete - Nominee Director.
Axis Direct's research report on UFO Moviez
UFO Moviez’ (UFOM) Q2FY17 ad revenue grew 50% YoY, driven by healthy ad spends across government (up 94%) and private/ corporates (up 15% YoY). Ad revenue growth was driven by 36% growth in ad volume (5.15 ad minutes/screen/show); ad realization improved 13% YoY given benefits of differential pricing (based on movie content) for corporates, while government ad realization was stable YoY (DAVP realization).The management maintained its FY17 ad growth guidance at >30%, as H1FY17 ad revenue grew 29% YoY.
We expect UFOM to be the major beneficiary of ramp-up in ‘in-screen’ ad spends given (a) its successful strategy to aggregate ad inventory of single screens and (b) advanced technology offering more transparency and comfort to advertisers. Maintain BUY with TP of Rs 730 (8x FY18E EV/EBITDA).