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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Photo-Me - Kiosk production accelerating sharply

August 2004

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
Even after three broker upgrades since last July Photo-Me still beatexpectations for the year ended 30 April 2004, with pretax profit of £21.3m on turnover up 17% to £220m, while earnings were 4p.   Theturnaround from last year's loss was mainly down to the manufacturing division, which makes photo processing machines for photographic shops.  Turnover increased 109% to £78.6m, with broker, Evolution, estimating an operating profit contribution of £9m, thanks to a doubling of production of DKS digital minilabs to 1,300.   As digital camera usage is still growing exponentially demand for Photo-Me's photo processing machines remains strong and with manufacturing capacity boosted (and running costs reduced) ...

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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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