UFO Moviez India's capex requirement for FY20 is Rs 55-60 cr
UMIL has a net cash surplus of Rs. 75.2 crore as on 30th June, 2019. However, the same has reduced from Rs. 118.9 crore as on 31st March, 2019 due to a large dividend payout including DDT of Rs. 94 crore in Q1 FY20.
Rating agency ICRA has revised its outlook for UMIL’s long-term rating to Negative. The rating agency has factored in the reduced financial flexibility for the company due to a sharp decline in its share price during the last six months. UFO Moviez IPO - angelbroking.com ... UFOMoviez _IPO_250415.pdf UFO Moviez India ( UFO Moviez ) is India ' s largest digital cinema distribution network and in-cinema advertising platform in terms of numbers of screens. It operates India ' s largest satellite-based, digital cinema distribution network using its UFO -M4 platform, as well as India ' s largest D-Cinema network. Furthermore, the liquidity position of the company has moderated due to the high dividend payout including dividend distribution tax (DDT) of Rs. 94 crore in Q1 FY2020, resulting in a reduction in the available net cash surplus to Rs. 75.2 crore as on June 30, 2019 from Rs. 118.9 crore as on March 31, 2019.
My thoughts on this is highly irrelevant. UFO Moviez ends over 4% down on debut on NSE - The ... ... /markets/stocks/news/ UFO-Moviez -ends-over-4-down... UFO Moviez ends over 4% down on debut on NSE Shares of UFO Moviez ended first day of trade on weak note by closing below its issue price. The stock listed at a discount in a weak market and failed to quote a price higher than its issue price. I was now wondering if you left already.
Not to change the topic here:
Tech and content power small-budget Bollywood movies into the big league - The Hindu BusinessLine
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Bollywood dominates 66th National Film Awards - Reuters
Bollywood won big at the National Film Awards on Friday, with “Uri: The Surgical Strike” bagging the most number of prizes.
One of the year’s biggest hits, the film enjoyed patronage from Prime Minister Narendra Modi and members of his political party, who quoted a dialogue from the film during the run-up to the Indian general elections.
For his role as an army major in the film, actor Vicky Kaushal won the best actor award – an honour he shared with fellow Bollywood actor Ayushmann Khurrana, who won acclaim for his portrayal of a blind man in “Andhadhun”.
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