News blog

Intandem Films

  • BY: Andrew Hore |
  • POSTED: 23/12/2013 |

Former boss Gary Smith selling his stake and the 2012-13 figures should mark the end of one period in the history of Intandem Films with a much brighter future in prospect.

Intandem has a larger slate of films and it intends to exploit the current film library.

On 22 November, Smith sold his 4.98% stake, which had been diluted by recent share issues.

A loss of £1.3m was reported for the year to June 2012. Revenues remained modest at £284,000. At the end of June 2013, Intandem had net current liabilities of just over £1m but since then the company has raised £1.18m at 0.5p a share. Any significant cash outflow will mean that Intandem will need to raise more cash.

At 0.4p a share, down 0.05p, Intandem is valued at £1.54m.

There are eight fully funded films in the current portfolio and a total of 20 films on the slate.

Intandem has generated commissions of around $266,000 at the recent American Film Market – assuming the expected third party sales of $1.8m are confirmed. After expenses this would yield a gross profit of $222,000. That should be included in the second half figures. Last year’s gross profit was £206,000 ($337,000). Intandem has already generated revenues of £104,000 so far in the first half.

The cost base has been cut to just over £60,000 a month. That still means that Intandem needs to generate significantly more revenues to break even.

Download the latest AIM Journal from http://wwww.hubinvest.com/AIMPDFDecember2013_51.pdf

© 2020 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

News Blog
All micro news

Quoted Micro 20 January 2020

Continue reading... | 19/01/2020

Northern Bear

Building services provider Northern Bear has acquired electrical contractor J Lister for an initial £950,000 in cash and shares. 

Continue reading... | 19/01/2020

SimiGon Ltd

A shareholder has filed two legal claims against simulation technology company SimiGon Ltd. 

Continue reading... | 19/01/2020

UniVision Engineering Ltd

UniVison Engineering Ltd has signed a framework agreement with the China Railway Engineering (Hong Kong) and China Railway Wuhan Electrification Engineering joint venture. 

Continue reading... | 19/01/2020

All micro news

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 AIMMicro.com. Subscribe to AIM Micro RSS Feeds