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Photo-Me - Forecasts upgraded by 14%

January 2017

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:
  • 170p
After months of a share price hanging fire due to Schroders persistently dribbling out stock and broker Finncap stuck in the dark ages and refusing to upgrade, this month saw Schroder turn buyer (now 14%) and Finncap upgrade after Photo-Me said it will “significantly exceed” market expectations.Both have clearly been caught wrong footed and we have been saying for a while that with 75% of its revenues outside the UK, it was only a matter of time before brokers were forced to upgrade. As it is, year on year, Sterling is down 13% on the Euro and down 25% on the Yen.Interims over the month show 19% growth in sales to £110.6m (4% at constant currency) translating to 20% growth in profits to £31m and eps up ...

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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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