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Photo-Me - 90% growth in Japan should shortly trigger eps upgrade

February 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:
  • 154p
The shares soared to a new high of 166p after Photo-Me announced that trading in Japan was around 90% higher year-on-year in November and December and if this continues for the next four months of the financial year then results will be materially ahead of expectations. The catalyst was the introduction of new My Number Cards (with photo) for every resident in Japan from 2016, which are used primarily for tax and social security purposes.Earlier interims were in line with expectations, the highlight being the first increase in revenue for several years on a constant currency basis. Revenues rose 2.4% to £98.7m, while pretax profit was up 9% to £27.7m. Net cash rose 5% to £67.8m, while dividend was up 10% to 2.575 ...

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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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