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Photo-Me - Photo-Me Finncap 105p share price target

April 2022

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:
  • 72.5p
Close but no cigar, Mr Crasnianski. Photo-Me has announced that Tibergest/Serge Crasnianski’s mandatory cash offer received valid acceptances of just 42.1% - less than the 50% it needed. The offer has therefore lapsed. FY21 results this month were excellent. Sales were up 15% to £214.4m. EBITDA increased by 57% to £65.1m, for an EBITDA margin of 30.4%. Pretax profit was £28.6m versus the £28m loss last year. Eps were 5.8p and there is a surprise return to the dividend list a year ahead of schedule (2.9p - ex 19 April). Net cash grew 57% to £34.9m. There has been improved activity across each segment. Sales in the Photobooth division (now under its new corporate brand Photo.ME) grew 15% to £123m with EBITDA of £36.4m, driven by a strong p ...

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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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