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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Photo-Me - Shares heavily oversold

May 2011

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:
  • 45p
Photo-Me's share price weakness is a puzzle, with its 10 March update suggesting all is going well. This stated that although the second half is traditionally quieter than the first, trading remains in line. A big boost has come in its operations division, where its highly profitable French business will benefit from the French Government enacting a law protecting the private sector's position going forward in the provision of biometric photos. Previously this could have been lost to the public sector. Meanwhile, sales and servicing (manufacturing side) has completed its first order for photobook machines from Mitsubishi while the second is finally being fulfilled after a slow start and should be achieved by the year-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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