<> Re: Pyramid Saimira shuts 32 screens in West, North

ppl jus corect me if iam wrong if this was the same firm which distributed Rajni kanth's recent movie which incurred heavy losses.???

On Wed, Sep 24, 2008 at 2:02 PM, Nagesh Duvvuri <nagesh.duvvuri@gmail.com> wrote:

No wonder why, Nirmal Kotecha sensed this slowdown quiet early and EXITED PSTL @ 250/- levels..

 

Nagesh Rao,Duvvuri

 

 

On Wed, Sep 24, 2008 at 1:21 PM, nishit lakhotia <nlakhotia@gmail.com> wrote:

i think on the positive front its good to be proactive to control ur expenditure than get hit by ambitious expansion. Further, now with so many people have more spare time, wudn't they watch more movies :)?infact i remember reading an article which said people spend more time on leisure/entertainment when the economy is going down, to divert their mind and also as they have more time with their family!!

 

so looking at that and also pyramid saimira's valuations...wouldn't it be a good time to enter this stock?? ofcourse, returns would come over medium term and not short term.!

On Wed, Sep 24, 2008 at 9:44 AM, Alkesh Brahmbhatt <alkesh.b@gmail.com> wrote:

This is bad news for PVR and other companies to..
I expect they are also running with losses??

what is experts opinion? i dont know about this sector

On Wed, Sep 24, 2008 at 9:29 AM, alok agarwal <alok.groups@gmail.com> wrote:

Pyramid Saimira shuts 32 screens in West, North


• NEW DELHI: Pyramid Saimira on Tuesday said it has pulled down shutters of the company's 32 screens across Western and Northern region owing to heavy operating losses. The company has also exited from distributing Hindi films in the country as it finds running the business unviable. "This year, the entertainment industry is going through a kind of slowdown and it is not picking up. So we have decided to shut 32 screens that we were running in Mumbai, Gujarat and NCR with immediate effect," chairman PS Saminathan said. 

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