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Photo-Me - Net cash over £40m

August 2011

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:
  • 65.5p
Shares in Photo-Me have soared nearly 50% since our update two issues ago, with the catalyst being final results ahead of expectations. Pretax profit rose 28% to £18m while eps increased 102% to 3.7p. Helped by £8.2m in advanced rental receipts for an investment property, net cash ballooned from £8.1m to £40.7m. The coin-operated photo-booth side led the way, reporting a 28% rise in operating profit to £21.2m. This business had 43,700 vending machines at the year-end, trading across 15 countries. Within that, 87% of its sites are located in just three territories - UK & Ireland, Japan and France - and the latter is by far the most profitable. Although it doesn't give a full break-down country by country it does state that ...

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Photo-Me - Surprise profit warning (February 2006)
Photo-Me - Wins Us minilab order (December 2005)
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Photo-Me - Reassuring AGM (February 2005)
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Photo-Me - Kiosk production accelerating sharply (August 2004)
Photo-Me International - Minilab production soars (June 2004)
Photo-Me - Roll-out of digital media kiosks (March 2004)
Photo-Me - Gains have reached 317%! (August 2003)
Photo-Me - Gain so far: 91% (June 2003)
Photo-Me International - Exploding demand for minilabs (May 2003)
Photo-Me - Our favourite NAP for 2003 (February 2003)

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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