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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Photo-Me

August 2020

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:
  • 55p
Photo-Me has confirmed that trading in the four months to end April was significantly affected by Covid-19 and group sales are now expected to be 5.5% lower year on year, resulting in pretax profit expected to fall to £28m (before exceptional costs) in 2020 from £42.6m in 2019. Cost savings are being made and encouragingly at 30 April it still had cash of £66.5m, having fully drawn debt facilities (due April 2025) of £58.5m, leaving net cash of £8m. Since April it has secured an additional Eu30m loan from three French banks under the French Government backed Covid scheme. The group has made provisions of £14m-£18m for an asset goodwill write-down of the carrying value of non ...

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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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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