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Photo-Me - Gain so far: 91%

June 2003

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
Hardman, has just published a note commenting on Photo-Me's recent acquisition of certain key parts, patents and manufacturing facilities of Gretag's  central labs machines arm (CLE) for  £1.4m from the receivers. Until its recent financial problems, Gretag CLE held a 30% share of this world-wide market for high end minilab machines, as well as servicing the installed base. Its sales are expected to be £14min the coming year, but considering that in the first half of 2002 alone they were  £29m, there appears to be considerable recovery potential.   The big attraction for Photo-Me is thatGretag CLE has successfully trialled its first digital minilab systemcalled CYRA, which Photo-Me estimates is about two ...

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Photo-Me - Gains have reached 317%! (August 2003)
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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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