image

Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

Latest issue now available

Photo-Me - Our favourite NAP for 2003

February 2003

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
After suffering the shame of a 90% drop in underlying pretax profit last year, Photo-Me recently issued a set of interim results suggestinga bright future is around the corner.   Photo-Meoperates 20,000 photobooths and 5,000 other coin operated vendingmachines around the world and manufactures these, along with digitalminilabs, at  Grenoble in France.  The group has developed areputation as being cash hungry  after spending £186m in thelast  five years  to convert  its estate of photobooths  from analogue to digital.  This took net debt upto £51.4m (gearing: 84%), which unnerved investors to such an extent that the shares plunged to 15p at one point earlier this year, befor ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Related Articles

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

LIMTED TIME OFFER

SUBSCRIBE TODAY AND SAVE £30 USING OFFER CODE 30OFFTMI

To access our archive of articles and receive current issues you need to subscribe