News blog

Boomerang Plus

  • BY: Andrew Hore |
  • POSTED: 20/10/2009 |

Wales-based TV programme producer Boomerang Plus is paying an initial 1.1m for Indus Films.

A further 1.295m becomes payable if Indus achieves profit targets over the next three years. Indus reported a profit of 209,000 on revenues of 5.32m in the year to June 2008.

The acquisition should be earnings enhancing in the year to May 2010.

At 80p a share, Boomerang Plus is valued at 7.13m. Despite the recent recovery in the share price it is still less than half the level it was one year ago.

© 2021 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Browse by issue
All issues
Popular tags
All tags

betbrokers, financial, gold, health, leisure, media, mobile, resources, services, technology

AIM Micro feeds

Keep up to date with articles published at Subscribe to AIM Micro RSS Feeds