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Photo-Me- 62 owned laundry machines in place

August 2013

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:
  • 94p
The shares are within spitting distance of £1 following full year results showing both pretax profit and earnings up 23% to £24.3m and 4.8p. On a constant currency basis, profit would have been even higher and given that the company had beaten last year's numbers at the H1 stage, fantastic numbers were always going to be seen. The cash pile continued to balloon and stands at £61.4m, up 18% year-on-year despite high capital expenditure (£19m), increased dividends (£20m) and corporation tax. The vending side, which operates the coin operated photobooths, recorded flattish sales (up 1.3% to £178m at constant currency) but operating profit was up 14% to £28.8m and margins went ahead again to 1 ...

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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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