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Photo-Me - Reassuring AGM

February 2005

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 Photo-Me's cautious AGM statement, it provided a more reassuring tone at its interim results in December. For the six months ended 31 October, pretax profit increased 22% to £18m on turnover up 0.4% at nearly £118m, while earnings rose nearly 17% to 3.1p. TheVending division saw similar levels of profit on a 3.3% decrease in sales, reflecting the relative maturity of the photobooth business. Only France (turnover up 8%) performed well, with the UK ( +1%) and recession hit Japan (-8%) suffering sales declines. Fortunately, this division has received a shot in the arm from the success of the new digital media kiosks.  2,000 units were manufactured in the period, including 500 for third parties and 1,500 for Ph ...

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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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