| | | | | | | | | Further adds to Film Slate | | -
Intandem Films has announced it has been appointed as worldwide sales company and is to distribute in the UK British comedy film 'Jadoo', which is currently in post-production. -
This adds to a burgeoning slate of films for the international film company which offers the services of executive production and international sales. -
The recently launched UK distribution arm is led by Robert Mitchell, who was fundamental in the setting up of the renowned Buena Vista UK (part of Walt Disney) and has been responsible for numerous UK box office successes including comedies such as 'When Harry Met Sally' and 'Calendar Girls', and Terry Dove, a former 20th Century Fox executive who has been involved in a series of major film releases including 'Titanic', 'X-Men' and 'The Full Monty'. -
Investment into the business and some delays in the existing slate see reductions to our near-term earnings projections - but even on the revised current year numbers the rating continues to look much too harsh and we continue to rate the shares a long-term buy. | Table: Financial overview | Year to 30th June | 2011A | 2012E | 2013E | 2014E | Revenue (£m) | 0.5 | 0.9 | 3.0 | 5.0 | PBT* (£m) | (0.3) | (0.4) | 1.0 | 2.0 | EPS* (p) | (0.30) | (0.30) | 0.68 | 1.23 | Dividend (p) | 0.0 | 0.0 | 0.0 | 0.0 | Source: GECR and company Notes: *Excluding one-off exceptional items, foreign exchange movements and non-cash share option/warrant charges.
| | | | Buy | | Target price | 5.5p | | | Key data | Share Price | 1.875p | 52 week high/low | 7.375p / 1.875p | Primary exchange | AIM | EPIC | IFM | Shares in issue | 146.715m | Market Cap | £2.8m | Sector | Broadcasting & Entertainment | | | Affiliations: Shares in Intandem Films are held by funds managed by companies within Rivington Street Holdings, the ultimate owner of GECR. Intandem Films is also a client of Bishopsgate Communications & Peterhouse Corporate Finance, the former wholly owned and latter partly owned by Rivington Street Holdings. | | | Important: All disclaimer information can be found on the last page of the document | | | | | | | | | | | | | |
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