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Photo-Me

January 2020

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:
  • 96.5p
The latest H1 shows Photo-Me’s operations in Continental Europe and Asia (including Japan) are continuing to grow but the UK became more challenging reflecting the slowdown in consumer activity as a result of Brexit and also the fact that more people have been using their phones to take passport selfies.As it was, adjusted pretax profit was up 7% to £28.5m on revenue +3.3% to £123.9m. Stripping out the positive contribution from the Sempa acquisition (fruit juice machinery), revenues grew 0.4% (-1.4% at constant FX). Net cash was £25m.Laundry continued to expand rapidly with revenues +17% to £21.6m and is now 21% of total sales. Within this, the number of Revolutions (outdoor self-service format) ...

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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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