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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Photo-Me - Net cash soars to £29m

January 2011

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:
  • 68p
Very strong interims fully justify our decision to re-recommend Photo-Me at 37p last August. During the six months to 31 October Photo-Me increased EBITDA by nearly 6% to £30m, while pretax profit rose 25% to £14m. Eps was up 69% to 2.3p and net cash soared from £8.1m to £29.4m.The powerhouse was its operations division, which comprises its estate of 44,200 coin operated vending machines where sales increased 3% to £97.1m while operating profit rose 32% to £15.4m. Although profits are very heavily first half weighted, reflecting additional demand for passport photos in the summer holiday season as well as student identity cards ahead of the academic year, growth came through a 3% increase in pho ...

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Photo-Me International - Exploding demand for minilabs (May 2003)
Photo-Me - Our favourite NAP for 2003 (February 2003)

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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