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Photo-Me - Disappointing update

July 2018

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:
  • 113p
Photo-Me’s update covering the year ended April noted turnover growth will be 6% ahead at constant currency while pretax profit will be broadly in line including a one-off investment gain of £3.7m relating to its shareholding in Max Sight Holdings. As at 30th April net cash was £26m reflecting higher capex, acquisitions and the restructuring of Photo-Me Retail.In the UK, rollout of encrypted passport photo ID upload technology has reached 2,200 photobooths and the group is in discussions to roll it out in The Netherlands.Laundry increased revenue by 49% to £32.3m while production capacity of its Revolution machine has increased following the transfer by its manufacturing partner from Hungary to Poland. ...

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Photo-Me -Strong Q1 for operations side (October 2012)
Photo-Me - Net cash rises to nearly £52m (August 2012)
Photo-Me - 14p-a-share cash underpins dirt cheap valuation (May 2012)
Photo-Me - Net cash rises to £50m (January 2012)
Photo-Me - Shares D-I-R-T cheap on cash PE of just 2.3 (November 2011)
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Photo-Me - Shares heavily oversold (May 2011)
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Photo-Me - Shares surge following strong update (October 2010)
Photo-Me - After five broker upgrades shares are poised to soar (August 2010)
Photo-Me - Surprise profit warning (February 2006)
Photo-Me - Wins Us minilab order (December 2005)
Photo-Me - Next year's PE falls to just 11.7 (August 2005)
Photo-Me - Reassuring AGM (February 2005)
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Photo-Me - Kiosk production accelerating sharply (August 2004)
Photo-Me International - Minilab production soars (June 2004)
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Photo-Me - Gains have reached 317%! (August 2003)
Photo-Me - Gain so far: 91% (June 2003)
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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