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Photo-Me

September 2016

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:
  • 161p
Photo-Me has completed the purchase of Asda’s photo division for £3.35m plus £2m inventory. This comprises 191 high footfall photo centres (manned desks) and 172 self-service kiosk sites located in Asda stores. The business includes the processing of digital pictures from various media as well as the printing of pictures on merchandise including mugs, T shirts, calendars, cards, invitations, canvasses etc. The deal also includes the Asda online photo and merchandise processing business, which will be Asda branded but operated by Photo-Me. The assets acquired had sales of £19.3m in 2015 and were lossmaking but by moving servicing to its own operatives and refreshing the locations, it’s expected that it will b ...

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Photo-Me - Demand continues to outstrip supply (August 2003)
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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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