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Photo-Me - Gains have reached 317%!

August 2003

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • PHTM
Shares in Photo-Me have put in another sparkling performance, takingits gains to a magical 317% since we slotted it into our portfolio at 23.5p just six months ago.  The catalyst for the latest rise was the announcement that Photo-Me will sub-contract the manufacturing of an initial 1,800 digital minilabs to Flextronics at its facility in Poland.  Production is expected to start towards the end of the year with an initial  run rate of 200 units a month (double the current run-rate), although we expect this to increase to at least 300 once everything is bedded down.   Considering that demand forPhoto-Me's minilabs substantially exceeds supply, this agreement will have an extremely positive impact on the profit pot ...

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Photo-Me - Gain so far: 91% (June 2003)
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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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