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Photo-Me - Barnstorming results and special dividend

August 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:
  • 102p
Barnstorming results from Photo-Me, which in its 60th year has announced it will change its name to ME Group to better reflect the diversification into new areas. For the six months to end April, sales were up 22% to £115.3, adjusted profit was up 24% to £16m and eps increased from 2.5p to 4.4p.EBITDA was up 21% to £35.8m, for a record 31% margin. Cash generated from operations was £30m in H1, which has left cash of £43.2m and with more cash than it can immediately deploy, the company has announced a special dividend of 6.5p (£24.5m) along with a usual 2.6p (£9.8m) payment.The Photobooth business saw a stronger than anticipated recovery as travel opened unleashing pent-up demand for passports and other official documents. Div ...

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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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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