Entertainment One Ltd (ETO) Moved Up 0.69% on Oct 18

October 18, 2017 - By Ellis Scott

Shares of Entertainment One Ltd (LON:ETO) last traded at 290.6, representing a move of 0.69%, or 2 per share, on volume of 318,349 shares. After opening the trading day at 291.3, shares of Entertainment One Ltd traded in a close range. Entertainment One Ltd currently has a total float of 430.57M shares and on average sees 613,667 shares exchange hands each day. The stock now has a 52-week low of 210.5 and high of 293.9.

The Evolution Of The LSE In 200 Years

Trade and commerce in the UK can be traced back to hundreds of years ago. Today, it plays an important role in global trade and commerce as one of the biggest and most significant contributors.

It is undeniable that the UK is one of the most developed countries in the world as well. Because of this and its constant strive for progress, the global economy is continuously shaping up to become bigger and better through the years.

London Stock Exchange (LSE)

The LSE is the main stock exchange in the UK. It had been founded in 1801, making it one of the oldest stock exchanges in the world.

Today, the LSE is considered as the biggest stock exchange in Europe and the third biggest one in the world. As of the end of the third quarter, more than 2,290 companies are listed on the LSE, bringing its total market capitalization to more than ‘6 trillion.

Presently, the LSE Group (LSEG), which had been founded in October 2007 following the merger of the LSE and the Borsa Italiana, operates the LSE.

Financial Times Stock Exchange (FTSE) 100 Index

The FTSE 100 is the benchmark blue-chip index in the UK. It measures the top 100 companies listed on the LSE as a free-float, market-capitalization-weighted index. As of September, the FTSE 100 has a total market capitalization of ‘1.70 trillion.

The FTSE 100 had been founded on January 3, 1984 with a base value of 1,000 points. It is currently operated by the FTSE Group, a subsidiary of LSEG. Entertainment One Ltd is a stock traded on the U.K’s stock exchange.

Most of the components of the FTSE 100 are international companies, which is why it is not a strong indicator of the UK economy. Nonetheless, it is a strong indicator of the LSE, representing more than 80% of the total market capitalization on the LSE. The FTSE 250, which measures the top 250 companies listed on the LSE, is a stronger indicator of the UK economy than the FTSE 100 because of its broad nature and most of its components being domestic companies. Entertainment One Ltd has relatively good liquidity.

The FTSE 100 is rebalanced quarterly’ specifically every Wednesday immediately following the first Friday of March, June, September, and December. Components that have fallen short of the inclusion requirements are dropped to give way to those that have met all the said requirements.

The FTSE 100 had reached its all-time low of 427.50 points in February 1978; and its all-time high of 7,103.98 points in April 2015. Meanwhile, its best intraday high of 7,129 points had been reached on October 11.

Many investors are banking on the promising growth of the European economy. Amid the pressing concerns of today, it is still ideal for investors to penetrate European equity markets such as that of the UK.

Boasting with full potentials to realize its growth prospects, the UK economy guarantees meaningful investment returns for domestic and international investors alike. Those who still doubt this can simply look back through the hundreds of years that the UK economy had been tried and tested. Professional analysts might be interested how this will affect Entertainment One Ltd.

More notable recent Entertainment One Ltd (LON:ETO) news were published by: Ft.com which released: “Entertainment One revenues jump but profits drop on film restructuring” on May 23, 2017, also Ft.com with their article: “Entertainment One to take £47m hit to profits from film division restructuring” published on May 12, 2017, Ft.com published: “Peppa Pig owner Entertainment One signs film joint venture” on May 17, 2017. More interesting news about Entertainment One Ltd (LON:ETO) were released by: Ft.com and their article: “Entertainment One to produce new Peppa Pig episodes” published on May 19, 2017 as well as Ft.com‘s news article titled: “Entertainment One on track as Peppa Pig expansion accelerates” with publication date: September 27, 2017.

Entertainment One Ltd is a Canada-based independent entertainment firm focused on the acquisition, production and distribution of television, family, film and music content rights across all media across the world. The company has market cap of 1.25 billion GBP. The Company’s divisions include Television, Family and Film. It has a 97.09 P/E ratio. The Television segment is engaged in the production, acquisition and exploitation of television and music content rights across all media.

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