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Photo-Me - Acquires Asda’s photo division

October 2016

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:
  • 165.25p
Photo-Me has announced the acquisition of Asda’s photo division, which consists of 191 photo centres and 172 self-service kiosks located in its stores. This business is to be managed by Photo-Me under a ten-year concession with Asda’s staff transferring over via TUPE to Photo-Me on completion. Periodic commission payments will be paid to Asda scaling from 0% in year one to 7% in year 3 and onwards.Total consideration is £3.35m plus the value of inventory at each location, estimated to be £2m.The acquired business generated sales of £19.3m and made a loss of £3.4m last year and while it’s anticipated to be dilutive to eps this year (ending April) it should be enhancing in the medium te ...

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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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