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Photo-Me - Net cash rises to nearly £52m

August 2012

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:
  • 37.5p
Photo-me's full year results were bang in line with forecasts with pretax profit up almost 12% to £20.1m. With higher tax (28% vs. 24%) eps rose 5.6% to 3.95p, while net cash jumped from £40.7m to £51.8m. The star was again its operations side (photo booths & children's rides), which increased operating profit 19% to £25.1m, while operating margin rose from 12% to a record 14.1%. Europe achieved a fantastic 28% growth in profit with France (c. 75% of divisional profit) showing a strong improvement, while Switzerland and Germany also performed well. The UK struggled again, with profits falling 8% through a combination of losing driving licence photograph business to the Post Office and a reduction in demand for the kiddie r ...

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Photo-Me - Surprise profit warning (February 2006)
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Photo-Me - Reassuring AGM (February 2005)
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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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