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Photo-Me - Net cash increases to 16.9p per share

August 2013

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:
  • 90p
The shares hit a new high of 95p after Photo-Me released finals ahead of expectations. Although turnover fell 6% to £196m, pretax profit and eps rose 21% to £24.3m and 4.76p respectively. Strong cash generation meant net cash rose 18% to £61.4m or 16.9p a share. The operations division, which consists mainly of photobooths, but also digital printing kiosks, laundry machines, photobook makers and amusement machines, increased revenue 1.3% and operating profit 15% to £28.8m. Continental Europe (mainly France) increased profit 19% to £16.1m, with the UK up 32% to £3.4m and Asia (mainly Japan) growing 52% to £5.9m. Operating margin rose from 14.1% to 15.9% and is more than double the 7.3% made ...

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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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