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Photo-Me - Unveils large scale coin opertated laundry

January 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:
  • 63.8p
Lots of new highs following Photo-Me's interims, which were accompanied with a bullish statement, more positive in tone than we have been   accustomed to seeing from it. In fact, the numbers were excellent too as the first half outcome almost equalled last year's full year outcome with pretax profit up 17% to £19.5m on sales down 7% to £107m. On a constant currency basis, profit would have been £1.5m higher or up by 26% with eps up by 21% to 3.9p. During the last six months, the cash pile continued to mount and rose by  £18.2m to £70m - 19.3p a share. It is therefore one third of the market cap and comes despite higher r&d spend, increased dividends and tax. The interim dividend ris ...

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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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