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Photo-Me - New 10% p.a. dividend growth target

August 2015

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:
  • 133.5p
A wonderful surprise from Photo-Me’s final results, in which it has committed to 10% p.a. dividend growth, plus a return to shareholders of any cash on its year-end balance sheet in excess of £50m over the same period. Broker Finncap  expects the total dividend to rise from 4.9p in ’15 to 11.4p and 9.2p for ‘16 and ‘17.Results would have been even better but for the stronger pound vs euro and yen, which moved 8% and 10% year-on-year respectively, lopping £2.6m off profit. That meant actual pretax profit “only” increased 16% to £35m for eps that rose 17.5% to 6.7p, excluding the £3.5m profit on sale of some land. Net cash fell from £63.1m to £60.7m but only ...

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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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