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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Photo-Me - Roll-out of digital media kiosks

March 2004

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
We touched on Photo-Me's interims last month but lack of space prevented a full update.  Not that the results were unremarkable, in fact quite the opposite, with pretax profit of £15m for the six months ended October, marginally less than broker's forecasts for the full year!   Both its manufacturing side, which makes digital mini-labs used by high street photographic shops and its operations business, which owns an estate of 26,000 coin operated photo booths, performed exceptionally well.  The former, which moved sharply back into profit on a doubling in underlying turnover, produced around 600 units of its flagship mini-lab, the DKS 1500, and around one third of sales went to largest customer, Kodak, wi ...

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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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