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Photo-Me - Digital kiosks could be big business

February 2004

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:
  • 134p
Latest results from Photo-Me reinforced a feeling that the best could be yet to come. The company has announced a solid performance from the photobooth side but it is the manufacturing arm where a real snowballing momentum is beginning to be developed.Overall, first half pretax profit almost exceeded the forecast for the full year and was up ten-fold to £15.1m in the first half for eps of 2.5p. Turnover was up 23% to £117.2m.  Net debt reduced by over three-quarters to just £7.9m. At the half year end, the total number of booths  worldwide had increased by 1k to 26k, but this a mature business with sales down 0.1% to £79.1m. Instead, all eyes were on the manufacturing operation which ...

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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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