Photo-Me is a share which is just set to rocket. Please just have a look at this report.

UK’s largest operator of coin operated photo booths.
Previous spectacular growth richly cash generative operation
2000-2001 various issues caused collapse in share price
Issues been resolved but now other opportunities arising as well
Digital photo-processing machine manufacture making most of surge in popularity of digital photography
Largest customer Kodak (supplies the minilabs to the likes of Jessops and Boots)
Orders starting to build could soon lead to 125m turnover in this new part of the business

Photo booths 77% of 2003 forecast turnover (141m of 183m)
Digital Minilabs manufacture 38m

Last 5 years PHTM spent 186m on converting its analogue photo booths to digital
Caused increase in debt 2001
Debt now falling away rapidly as cash flow rises fast
Main areas of operation (75%)are UK, France and Japan
France and Japan highly profitable - UK some completion from Snap Digital (who are operating on possibly unsustainable terms to try and poach customers – may go bust inside 2 years)
UK situation now stabilising

Minilabs is the “big ticket” potential
Forecast to be 23% of 2003 sales
Digital cameras now 40% of all cameras purchased
So far only 5% of 200,000 photo processors have converted machines from analogue to digital
Kodak is world market leader – has 30-40,000 machines in US, UK,Europe up for renewal
Kodak has ordered DKS 1500 machine from PHTM – cheapest most efficient machine on the market.
PHTM expects to increase production of this machine to 200 per month – will at some point sub-contract this to China to cut costs and allow PHTM to concentrate on remaining market leader by developing next generation Digital Minilabs.

Schroders have been buying stock (17.1%)

They are in MI and SCSW portfolios – a 2003 Nap for MI and they say “keep buying” G.

Some nice Buying going on, thought we would see this one up today.

Way undervalued in my honest opinion. Hope to see 60p TA price very soon.G

Any thoughts on why PHTM has taken a slight tumble this morning?

Hi,
They seem to be good posts but I do not want to spend much time digesting it all
unless posters still think it is worth a look.
rgds aj

Wow Run baby run up 12% today resultr 28-6-04

Moving ahead again this am, knocking on 1.00. Results Mon 28th profits were up over 1000% last year. Will this be the last chance to buy under 1.00?

don't miss the boat -infact get ready for a CRUISE! (WITH THE PROFITS!!)

Alot of institutional interest in these, results will be above expectation. Prelims Date - Monday 28 June 2004.

Chhabra repeated his "buy" rating and price target of 185 pence on Photo-Me shares.

All looking good to me. Get in now and hold tight. DYOR though.

On Monday, photo booth operator Photo-Me International reports final figures. Evolution Beeson Gregory predicts a profit of 20.6m against a loss of 1.7m last time.

Superb news Nissan300zx. Hoping we get further moves northwards.

cheers GF.

Figures ahead of forecast.....share price down????

This seems the norm over lasr 2/3 months Profits up price 'down'!!!!!
Nowt so Queer as the market or M/Makers!...............

share price subject to profit taking up over 30 per cent in 2 weeks to fast to soon.

Loads of news on these this morning.

Here is one that coaught my eye............

LONDON (AFX) - Shares in Photo-Me International were again on offer amid persistent talk that Schroder Investment Management, the photo booth operator's largest shareholder, is attempting to offload 20 mln shares, or 5.5 pct of the equity.

Schroder Investment sold 500,000 shares last month, retaining 16.9 pct. However, some traders think it unlikely to sell again before next month's half-yearly numbers, which are thought to be impressive.

Photo-Me shares were 2-1/2 pence adrift at 97-1/2 by 8.05 am.

Loads of news on these this morning.

these rumours did the rounds late 2003,no prizes for who bought more when price dropped!

Currently 85p!


ROUNDUP Photo-Me sees earnings well below expectations, shares slump


LONDON 12/1/2006 (AFX) - Photo-Me International PLC posted a 10 pct decline in first-half profit and warned full-year earnings will fall well short of market expectations after customers put off purchasing digital photo-processing machines.

Shares in the British company, which is the world's biggest photo-booth operator, slumped as much as 35 pct to a two-and-a-half-year nadir.

Photo-Me said operating profit declined to 16.5 mln stg in the six months to Oct 31 from 18.4 mln, on revenues down 6 pct to 108.5 mln.

Pretax profit for the year to April 30, stripping out a one-off credit, will be 10-15 pct below last year's record level, up to a third less than analysts' had expected.

"We're looking at some big downgrades in profit forecasts for this year and next... I think it's going to take a long time for the stock to get back up to where it was," said Seymour Pierce analyst Charles Peacock.

He has a 'buy' rating on the shares but says that is under review for a possible downgrade.

Chief executive Serge Crasnianski said in a statement: "Since September, the expected recovery from the poor trading by PMI's mini-lab manufacturing activity has been delayed and is only now beginning, with less than four months of the year outstanding."

Chairman Vernon Sankey later said in an interview that the full-year performance will be further hurt by delays in the supply of equipment after a Polish sub-contractor struggled to source the necessary components.

Photo-Me said the the company would not be able to supply leading US drugstore chain CVS Pharmacy with equipment this fiscal year, effectively wiping 7 mln stg of the bottom line.

With the company facing an order backlog as a result, and earnings starting from a lower base than hitherto expected, profit will miss expectations the following year, too.

Manufacturing division earnings sank 72 pct to 2.6 mln stg on turnover down 27 pct to 29 mln, amid "extremely weak" global demand for mini-lab processing machines.

The company said some major supermarket and drugstore chains had deferred capital expenditure programmes since they were still operating substantial quantities of analogue machines which were not yet fully depreciated.

Secondly, the expanded range of digital printing options open to consumers had led to a price war in the market for digital prints prompting potential customers to await the introduction of the next generation of equipment.

By 12.18 pm, Photo-Me shares were trading 31.25 pence, or 26 pct, adrift at 87, valuing the business at 317 mln stg.

Sankey, who said the market had reacted in "knee-jerk" fashion, defended the decision not to inform investors of the problems at an earlier stage.

"In September we were very confident we could deliver it (the CVS contract), and even in early December we felt we had a fighting chance. It was only over the course of December the issues started to manifest themselves more fully."

He expressed confidence the downturn will prove to be temporary.

Profit at the company's main vending arm, which operates 33,000 photo kiosks in 20 countries, jumped 38 pct to 16.2 mln stg on sales up 5 pct to 79.5 mln.

Earnings were boosted after the company installed extra machines in France and the UK, its two leading markets, and after its struggling Japanese business cut costs.

Photo-Me reiterated that it envisages the French government's introduction of a new national health photo-identification card will generate a need for 48 mln replacement cards.

But the benefit is likely to be felt in late, rather than early, 2006.

Net profit rose 30 pct to 14.5 mln stg after the company took a one-off credit of 8.7 mln stg following the receipt of an insurance payout, while diluted earnings per share climbed 30 pct to 3.93 pence.

The company is proposing a 1 pence per share interim dividend, up 25 pct.

I am not surprised in the fall.
I am not a holder and never will be.
Max speilman will take your passport
photos and if they do not match the criteria
then they will keep taking them until
they do FREE of charge.
Lots of people don't like using machines.
Dragons den- umbrellas from vending machines?
I rest my case.

It is nice to find a coy where so few are interested in posting, always a good sign, there are even people like "Ted1" around who are public spirited enough to spend time to stop naive people like me from wasting my cash though I did not quite understand his positing---ted this is a cash machine operation, over the worst...increased div...mini labs must be a winner long term...shall probably buy more today if price does not rise too much.

Good luck to all fellow believers....Bill

down 9% today at 63p with the market reboundoing. wats goin on ? bad news round the corner

got it. RNS an hour ago to say that there is sufficient level of interest to proceed with the disposal of the vending machine division.
Lets hope there is some sp uplift.

From The TimesAugust 25, 2007

Activists seek to deny Photo-Me pair chance of a dignified exitMiles Costello
Two executives at the helm of Photo-Me International caved in yesterday to demands by a pair of rebel shareholders and agreed to quit the operator of British passport photo booths, only to have the terms of their departure rejected.

Vernon Sankey, the chairman, and Serge Crasnianski, the chief executive, agreed to go voluntarily after the activist funds Principle Capital and Cycladic called an emergency shareholder vote to evict them by force.

Quite frankly, if you are faced with this sort of lack of confidence, whatever the rights and wrongs, you have to do something, Mr Sankey told The Times. It becomes untenable.

As they tried to stage a dignified retreat from the fray, Photo-Me outlined several proposals with a view to agreeing an early solution and reducing damaging uncertainty.

Mr Sankey said that he would not seek reelection at the companys annual meeting in mid-October. Mr Crasnianski, 65, will retire, leaving as soon as the sale completes and a successor is in place.

The company is trying to sell its vending division, which includes 21,000 photo booths, as part of a strategic review. It could be worth as much as 250 million and would prompt a substantial return of capital to shareholders.

However, in a show of defiance and with the weight of more than 50 per cent of shareholders behind them, Principle and Cycladic rejected the plan outright and urged the two men to resign immediately.

This will save the company the expense of calling an extraordinary general meeting, prevent any disruption to the strategic review and allow the board to make a decision about the sale of the vending division that can be supported by shareholders, they said.

Principle and Cycladic have enough support to push through their resolutions at an emergency meeting. They reiterated their call of earlier this week for Martin Reavley, the senior independent director, to be made interim chairman and given the task of finding a new chief executive.

Mr Sankey described Principles demands that Mr Crasnianski resign immediately as catastrophic lunacy and barmy. To have him resign with immediate effect is the most ridiculous thing for value creation. The board could not possibly recommend it. You dont want to leave a company like this leaderless, he said.

The Photo-Me chairman also fiercely defended the sale process, being handled by Lazard. I dont understand why anything should be criticised. Weve been working flat out on the disposal process. The fact is that Principle dont like it because whatever happens they feel the right price wont be achieved, he said.

Mr Sankey who said that he had offered to resign immediately yesterday said before the rebels rejected his offer that he did not expect them to agree: I think they will think it is just another fudge.

Photo-Me proposed a committee under Roger Partington, independent director, to be responsible for finding a new chairman and chief executive. A further committee, led by David Young, nonexecutive director, could take charge of an ongoing strategic review in the meantime, Photo-Me said. It made no mention of Mr Reavley, who Mr Sankey said had absented himself from any vote at yesterdays board meeting that could have been compromising.

Photo-Me declined to comment further, beyond its earlier statement of yesterday, but it is understood that Mr Sankey and Mr Crasnianski retain the support of the board.