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Photo-Me - Becomes an 11-bagger for SCSW

January 2014

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:
  • 144.75p
More new highs followed Photo-Me's seasonally stronger H1 to end October. Overall, sales were down 5% to £101m but pretax profit was up 20% to £23m with eps up 8% to 4.3p. Net cash at the period end was £67.8m or 18p a share. Great of course, but a far cry from a year ago when the shares were 60p and cash made up a third of the market cap - and of course Photo-Me has now begun to deploy new machines in its operations side. This division, which operates a number of photo booths and vending equipment, grew profit marginally by £0.3m to £20.6m on slightly lower sales of £92.8m. Year-on-year the number of sited photobooths increased by 1,204 to 25,485 (most were of the Starck variety) and went into Europe and Asia. Some 30 new machine ...

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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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