image

The best stocks to buy since 1993

Latest issue now available

Photo-Me - Still terrific cashflow

May 2002

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
Photo-Me is a highly unusual choice for Sharewatch. The last couple of years have been really tough for the business best known for operating automatic coin-operated photo-booths in stores and train stations. It has suffered from  competition in the UK and disruption caused by converting its equipment to Euros.  Having already fallen from a high of 391p in November 1999 to 45p in January this year, the price took fright in March when Photo-Me warned of a slow second half and is now 19p. The short term risk is thatits next results in June will contain write-offs which will throw thegroup into a loss. Photo-Me will however generate plenty of cashbecause of a high depreciation charge on its photobooth assets. The v ...

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

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