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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Secondary Recommendation

Photo-Me - Next year's PE falls to just 11.7

August 2005

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
  • Price:
  • 111p
Photo-Me�s final results beat expectations for the year ended 30 April, with pretax profit increasing 62% to �34.5m, helped by a larger than normal �6m reduction in the depreciation charge. Earnings rose 55% to 6.3p, while net cash increased to �4m. The key driver of this growth was the manufacturing division (42% of turnover), which enjoyed a 40% increase in minilab unit sales and an estimated 125% increase in operating profit to c. �22.5m. Photo-Me hit broker Evolution�s target of selling 1,750 Minilabs in the year, while the second half also benefited from a higher proportion of sales from the flagship DKS1550. Evolution expects minilab sales to rise 14% to 2,000 units this year but that could be exceeded ...

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Photo-Me - Gains have reached 317%! (August 2003)
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Photo-Me International - Exploding demand for minilabs (May 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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