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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Photo-Me

December 2004

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
Photo-Me issued a  rather confusing trading update, which caused the shares to wobble before a slight recovery. The statement, which covered the first six months ending 31 October, noted that the first half would be similar to last year's levels. Broker,Evolution Securities, who met with Photo-Me following this statement,nevertheless remain happy with their forecasts for a 52% increase inpretax profit to £32.4m and a 43% increase in earnings to 5.7p for thefull year ending next April. With both its Kiosk and Photoboothbusinesses performing in line with expectations, the key swing factoris its assumption that the Minilabs business, which sold 740 units inthe first half, is on course to hit the broker's target of 1,70 ...

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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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