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Photo-Me

January 2015

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:
  • 139p
After many years of seeing declining sales due to falling minilab sales, first half results to end October showed a return to sales growth of 1% on a constant currency basis at £96.4m with the growth principally due to expansion in photobooth numbers and the small - but stampeding - laundry business.Underlying pretax profit was boosted by cost reductions and came in 10% ahead to £27m (even after a 7% foreign exchange headwind). Adjusted eps was up 10% to 4.3p and with cash of £64.7m and no real need for so much cash the dividend lifts 30% to 1.8p.The period saw a definite uptick in photobooth numbers. Having grown the number of machines at c.3% each year for the past seven years, the latest H1 saw 5% expansi ...

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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)
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Photo-Me - Former chief executive adds to stake (March 2009)
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Photo-Me - Cluster buying by seven directors (November 2008)
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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)
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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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