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Photo-Me

July 2018

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:
  • 102p
Ahead of full year results on 10 July, Photo-Me said that it expected sales to grow 6% on a constant currency basis, with pretax profit in line. As at 30 April, net cash was £26m reflecting capital expenditure slightly ahead of the prior year, investment in laundry acquisitions and the restructuring of Photo-Me Retail.The laundry business has continued to perform well and is a key driving force for growth at Photo-Me. Revenue from laundry operations increased by 49% to £32.3m for the year.The operations of Photo-Me Retail (old Asda business) have been successfully refocused (cost £2.6m) to provide unattended digital printing kiosk services and this will boost profits.The photobooth side performed well ...

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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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