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Photo-Me - To exceed market forecasts

April 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:
  • 37p
As a result of a strong performance in Q3, Photo-Me has announced that pretax profit for the year will exceed market expectations.  At the interim stage, Photo-Me had said “H2  historically tends to be the much weaker of the two halves, in particular for its vending division and market conditions remain extremely difficult.†It now says that the division has made substantial profits, putting it down to restructuring and to optimised siting of equipment. The other division, sales & servicing, which sells retail photographic equipment (minilabs) has moved into the black.But best of all, Photo-Me said that it expects to report a net cash balance as at 31 January, compared to debt of £26.1m just nine months ea ...

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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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