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Photo-Me - Back to barely 3x cash earnings

April 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:
  • 41p
The shares stand at half their recent highs despite an in-line statement during the month confirming there is nothing to worry about. The vending division continues to put in a strong showing, particularly at the French operations, which is the highest margin part. On the manufacturing side, production of its photobook contract to Mitsubishi has begun to ramp up. Broker Fincap has left its pretax profit forecast unchanged at £17m but excellent prospects are in sight now that the French government has also paved the way with a new law enabling the private sector to supply biometric photos. We therefore think there is scope for further upgrades. Cash is also piling up and Photo-Me should have more than a third of its market ca ...

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Photo-Me - Cluster buying by seven directors (November 2008)
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Photo-Me - Digital kiosks could be big business (February 2004)
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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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