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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Photo-Me - Price target raised to 140p

July 2022

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:
  • 82p
The shares leapt after Photo-Me said trading has been ahead of expectations in the six months ended April with sales +24% year on year. All its markets aside from Asia are now back to pre-pandemic levels. In particular the photo booth (55% FY’21 EBITDA) estate (where the group continues to invest in biometric solutions) has seen significant revenue growth, most notably France and the UK following the easing of Covid-19 travel restrictions and subsequent recovery in international travel. The Laundry (34% FY’21 EBITDA) division also continues to perform strongly with 53 machines per month installed, representing 16% growth on the 4,094 in operation as at October 2021. In order to expand its laundry range it’s also launched a new low-cost m ...

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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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