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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Photo-Me - Shares surge following strong update

October 2010

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:
  • 67p
Our decisions to re-recommend Photo-Me at 37p in August and add it to the Trader Portfolio last month at 45p look well-timed in the light of its buoyant trading update. This noted that thanks to a very strong start to the year, results for the first quarter are ahead of management expectations, while there has also been a further improvement in its net cash position.All three geographic areas have done well with a much improved performance in the core operations. Meanwhile, the launch of its Pocketbook (a new photobook maker) has resulted in two new orders totalling 550 machines, with delivery in 2-3 months time. It is also hoping for new orders from the upcoming Photokina show, an industry fair, where two of its new products are ...

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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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