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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Photo-Me - Net cash continues to build

December 2010

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:
  • 60p
Another encouraging update from Photo-Me, which noted that trading in its first half-year to 31 October has remained strong. In addition the group has secured an additional order for 750 Pocketbook machines, bringing the total to 1,300 machines in the year to date. Photo-Me continues to seek further orders with a range of relevant OEMs. Meanwhile, the net cash position has continued to build over the first six months and Photo-Me is considering a “substantial uplift in the interim dividend.†The shares have succumbed to profit taking but we suspect that interim results on 9 December will be strong and propel them back towards their recent high. The gain since we re-recommended them in August a ...

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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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