image

The best stocks to buy since 1993

Latest issue now available

Photo-Me - Trading well ahead of expectations

July 2022

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:
  • 76p
As Covid related restrictions have continued to ease across its key operating markets, Photo-Me has seen stronger than expected trading. With five months still to go, it said that sales for the year to 31 October are now expected to show revenue up at least 24% and adjusted pretax profit in the range of £47-£50m. Net cash stands at £41.4m.The Photobooths side saw a significant  increase in its revenues, particularly in France and the UK, benefiting from pent up demand for passports. The division is now trading back at pre-pandemic levels across all markets bar Asia (which was only 7% of FY21 operating profit).Outside photobooths, rollout continues of laundry machines. It installed 53 machines per month throughout the period r ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Related Articles

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

author

PHTM

LIMITED PERIOD OFFER!

SUBSCRIBE TODAY AND SAVE £30 WITH OFFER CODE 30OFFSCSW

To access our archive of articles and to receive current issues you need to subscribe