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Equator - NO RECOMMENDATION

Companies: EQG   
01/11/2000

Equator's small film library and film distribution operation ran into the red at the halfway stage to June. Turnover, derived from licensing its £13m film library for TV broadcasting and DVD, was up from £566,000 to £3.8m but losses also increased from £31,000 to £154,000. The company also sold its studios at Isleworth, Middlesex (which were acquired on 30 June last year for £1.3m) for £1.7m. The proceeds of this will repay borrowings of £910,000 and provide working capital.

Market cap: £6.7m
PE Average: 59.8
PE Forecast: n/a
PE Historic: n/a
Share price: 27.5p

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