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Photo-Me - Wholesale lab business put up for sale

July 2009

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:
  • 16.5p
Photo Me has announced it is considering the possible sale of Swiss-based subsidiary Imaging Solutions. Imaging Solutions manufactures wholesale photoprocessing labs but has recently fallen into losses as the credit crisis has impacted on sales of high value equipment. The disposal will enable Photo-Me to focus manufacturing at KIS based in Grenoble, which supplies instant service equipment. It’s interesting to note that since our last update, former director Dan David has also been buying. David was chairman until 2006 when he transferred his interest to a charitable fund, the Dan David Foundation. He remains president and also sits on the board of hedge fund GLG. Last month the Foundation increased its stake by two percentage ...

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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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