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Photo-Me

April 2012

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:
  • 45.5p
Photo-Me has issued a very brief trading update that said the positive trends seen in H1 have continued. A good performance in France and a   recovery in Japan means pretax profit in the first nine months has “shown improvement†on last year within the photobooth arm. The additional turnover on this vending business is going to see margins climb once more and Hardman forecasts margins of 13.5% for this year, which is a six year high.The manufacturing business remains in a “care and maintenance†mode. It is small in a group context and is operating at breakeven.Cash generation remains strong. Cash was £51m or 14p a share at the end of October and Photo-Me says that it has “risen substantially over the last ...

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Photo-Me - Cash pile goes to £51.1m (January 2012)
Photo-Me - Bumper year in sight? (October 2011)
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Photo-Me - Back to barely 3x cash earnings (April 2011)
Photo-Me - OEM orders for 5,000 Photobook Maker machines (January 2011)
Photo-Me - Planning significant increase in dividend (December 2010)
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Photo-Me - Trading at 2.2x forecast cash earnings (July 2010)
Photo-Me - To exceed market forecasts (April 2010)
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Photo Me - New biometric stations as EU launches biometric passports (September 2009)
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Photo-Me - Debt continues to fall (April 2009)
Photo-Me - Former chief executive adds to stake (March 2009)
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Photo-Me - Debts reduce (January 2009)
Photo-Me - Cluster buying by seven directors (November 2008)
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Photo-Me - Digital kiosks could be big business (February 2004)
Photo-Me - Demand continues to outstrip supply (August 2003)
Photo-Me - £10m profit expected next year (February 2003)
Photo-Me - Delivering Digilab orders to Kodak (January 2003)
Photo-Me - Slight delay to DKS2 minilab but going well (November 2002)
Photo-Me - Still terrific cashflow (May 2002)

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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