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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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January 2017

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:
  • 158p
Helped by favourable currency movements, results were ahead of expectations with revenues and pretax profit rising 19.2% and 20.2% respectively. Impressively, net cash jumped £4.7m to £68m after £24m investment (2105: £11.3m) and dividends.Continental Europe grew profit 25% to £22m and Asia (mainly Japan) increased 9% while UK was unchanged at £4.4m.The estate grew 3% to 46,760 with an additional 918 vending units in Europe (+5.7%), 29 in UK (+0.2%) and 572 in Asia (+4%), the latter in anticipation of the resumption of Japan’s My Card (formerly My Number) compulsory ID card program. The company believes the initial re-launch will occur in calendar Q1 in ‘17 with results due end ...

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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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