SAREGAMA-A Forgotten Musical Gem! Low Risk-Low to Moderate Steady Return Bet-Riding the Stay at Home Wave!
CMP-459.65;Mkt Cap-801 Cr;PE- ;Almost Debt Free(6 Cr debt). Excerpts from AR2020-“Cos offering Content without disproportionate dependence on advertising revenue will be...
...able to capitalize on Stay-at-Home wave.There is more content getting consumed by more no of people in the post-Covid era than the pre- Covid one.The explosion of smartphone ownership which has put a smart TV screen in the hands of 500-550 Mn people in the country.The next...
...driver is low cost of data which is taking away the cost barrier from the minds of customers while they are streaming content (a 2 hr movie in HD uses 1.8 GB data at INR 9, while an hour of high-quality music streaming uses 115 MB data at 56 paisa).Other positive change is...
...the slowly rising popularity
of Indian content across global audiences.This is triggered by easier availability of Indian content across all global digital streaming platforms, and an increasing willingness to watch content with subtitles.The continuous growth of digital...
...infra has paved the way for a 50% growth in audio streaming. Leading platforms like Gaana & JioSaavn now claim 100 M monthly active users. Indian internet users surveyed by IFPI spent 19.1 hours listening to music per week i.e., approximately 3 hrs each day.Indian internet...
...users in 16-24 yrs age group listened to 23.9 hrs per week on average. 81% users engaged with free audio streaming services. Currently Saregama charges platforms on a per stream basis plus a share of advertising revenues for the advertising based free service.
This revenue has been growing at 40% over the last 3 years.”
All Time High-960 in previous Small cap/mid cap rally in Nov 2017,when it traded at forward PE-30!A forward annual EPS-45 in the offing,which if materialises,50% in 6-12 months can be had safely with low downside risk.
SAREGAMA - Missed to write the PE in 1st Tweet, which is - 13.05.
Share this Scrolly Tale with your friends.
A Scrolly Tale is a new way to read Twitter threads with a more visually immersive experience.
Discover more beautiful Scrolly Tales like this.