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Photo-Me - Slight delay to DKS2 minilab but going well

November 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
At the AGM on 1 November, chairman Dan David reported that Photo-Me continued to make good progress in both its core areas. The coin operated photobooth operation is performing well in the three biggest territories - the UK (5,900 booths), France (5,500) and Japan (3,500).   In the professional photo developing equipment division, the high volume DKS2 digital machine, originally expected to move into volume production in October has been delayed slightly. It is therefore unlikely to contribute materially this financial year to 30 April but should register a material improvement next year. As we said in May, this is the trigger the market needs. Kodak alone has 4,000-5,000 of its leases on old analogue machin ...

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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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