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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Photo-Me - Still no upgrade despite huge currency tailwinds

December 2016

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:
  • 147.25p
Photo-Me released another pleasing update with turnover improving 18% and pretax profit 14% in its first four months, reflecting its investment program and favourable currency movements. However, increased depreciation charges from that investment has persuaded analysts not to upgrade forecasts just yet. Nevertheless, we still believe that the substantial drop in sterling against the Yen and Euro makes upgrades virtually inevitable.Overall, Photo-Me said its photobooth side and laundry businesses are performing well. It’s successfully rolled out the ANTS upgrade of all French photo booths to enable transmission of data from point of capture to the administration databases. Meanwhile the laundry business has made significant p ...

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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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