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Primary Recommendation

Photo-Me - Big beneficiary of pound sinking to seven year low

February 2016

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:
  • 154.5p
They say that every cloud has a silver lining. In the case of this month’s recommendation of photobooth and laundry machine operator, Photo-Me, the market downdraft has caused the market capitalisation that a fully listed firm requires to automatically transfer to the FTSE-250 index to come down to around £650m. Photo-Me shares themselves weren’t hit too hard during the market sell off and with a market cap. of £578m, it is beginning to look like a good candidate for the FTSE-250 index in March (helped by a trading statement at the end of February, which could boost them - Editor) or at the next review date, and this will provide consequent buying by fund managers who track the index.Sterling weaken ...

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Photo-Me - Q1 pretax profits rise 25% (October 2012)
Photo-Me - Raises full year dividend by 25% (July 2012)
Photo-Me (April 2012)
Photo-Me - Cash pile goes to £51.1m (January 2012)
Photo-Me - Bumper year in sight? (October 2011)
Photo-Me - Earnings forecast lifted by 11% and Finncap sets 86p share price target (July 2011)
Photo-Me - Cash pile could double to £80m in a year (June 2011)
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)
Photo-Me - Trading ahead of expectations; sixth consecutive rise in forecasts (October 2010)
Photo-Me - Rapidly piling up the cash (August 2010)
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 - Moves to net cash position (December 2009)
Photo Me - New biometric stations as EU launches biometric passports (September 2009)
Photo-Me - Wholesale lab business put up for sale (July 2009)
Photo-Me - Debt continues to fall (April 2009)
Photo-Me - Former chief executive adds to stake (March 2009)
Photo-Me (February 2009)
Photo-Me - Debts reduce (January 2009)
Photo-Me - Cluster buying by seven directors (November 2008)
Photo-Me (February 2006)
Photo-Me (January 2005)
Photo-Me (July 2004)
Photo-Me (March 2004)
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.

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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