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Photo-Me - 2,000 Revolution laundry machines by year end

March 2015

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:
  • 149p
Photo-Me’s Q3 trading update for the period November-January confirms pretax profit was 19% ahead on a constant currency basis and “at least in line” with full-year expectations.Speaking to finance director Francoise Coutaz-Replan she notes that there will be 1,000 Revolution units (24/7 outdoor self-service launderette machines) in the field by end of March and expects to have 2,000 by the year end. A second production line in Hungary is now churning out 100 machines a month and with costs sharply reduced to Eu15,000 per unit, payback is rapid.In terms of model, she notes that typically 15% of revenue from a machine is paid to the site owner, 2% is the cost of soap and 5% is the service/maintenance (carried ...

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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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