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.

It went higher after 3 good buys, but the "AT" is not being activated yet though the MMs are trying lowering the bid
from time to time, so another 17.25p "AT" is taken UP by the order book ( last one was yesterday)

At the moment the spread is 17.50 / 18.25p

18 - 19.50p +1.50p +8.70%

share price has moved higher though the "AT" has not been activated and show as yesterday closing price, not at moneyam as it goes by middle price

link to trades .. plus market trades

It looks like PHTM are trying to diversify into a small scale energy production

link http://cleantuesdayparis.fr/media/files/Power-Me.pdf

Another 2 large trades after hours, 9.3M and 5.7M = 15M @ 13p each

well news today of the dumping 15,030,000, but someone must be buying it also ........ so news soon again about the buyer.......

Bank of New York

5. Date of transaction (and date on which the threshold is crossed or reached if different): 29/05/2009

before
50,028,429 -- 14%
now
34,988,429 -- 9.73

The buyer of 10.8M

Dan David Foundation Managest Ltd

36,779,318 before 10%

47,579,318 --- | 13.2% after

On the move UP today after the masive trades lately, there is buying at " plus market" and a few "AT" trades at LSE that move the price higher even with a "UT"


link to trades .. plus market trades

Photo-Me makes progress

Photo-Me said pre-tax profit on continuing operations improved by 7.9m to 1.6m in the year to April.

Net cash generated from operating activities was up 14.9m (65%) to 38.1m (2008: 23.2m).

EBITDA was up 5.6m (17%) to 38.6m (2008: 33m) and net debt almost halved to 23.5m (2008: 45.6m).

Revenue on continuing operations, pre-exceptionals, was up 17m (9%) to 210.5m (2008: 193.5m), while operating profit improved by 7.6m to 5m (2008: loss of 2.6m).

Pre-tax profit improved by 7.9m to 1.6m (2008: loss of 6.3m) and
reported pre-tax loss on continuing operations, post-exceptionals, was 5.1m (2008: 20.9m).

The total loss from continuing and discontinued operations was 17.7m (2008: 19.8m).

Operating profit increased to 12.1m (2008: 9.1m) or, at 2008 exchange rates, 10.3m.

Revenue increased by 12% to 166.1m, benefiting from the weakening of Sterling; at 2008 exchange rates, it reduced by 3% to 144.4m
Digital media kiosks, a key element of the Group's diversification strategy, performed well, especially as credit card payment facilities were increasingly installed.

Sales of retail photographic equipment severely impacted by the credit crunch.

Operating loss was reduced to 5.2m (2008: 7.1m) or, at 2008 exchange rates, 4.4m.

Revenue was virtually unchanged, at 44.4m, also benefiting from the weakening of Sterling; at 2008 exchange rates, it reduced by 12% to 39.1m.

Imaging Solutions, the wholesale lab business, is treated as discontinued, reporting a 6.9m trading loss and further 8.1m non-cash write down of assets to their expected realisable amounts.

Thierry Barel's departure date has been agreed as 3rd July 2009 and a search for new CEO is well advanced.

Serge Crasnianski, a non-executive Director since 6th May 2009, becomes Deputy Chairman and is to act as interim CEO.

John Lewis becomes Senior Independent Non-executive Director
Dan David returns to the Board in a non-executive capacity.

Hugo Swire, Chairman, stated 'The year to 30th April 2009 saw some considerable achievements, in line with the strategy presented in July 2008, despite the worst economic conditions for many years. In particular, EBITDA and operating cash flow both improved strongly, and net debt almost halved. On continuing operations excluding exceptionals, last year's loss was transformed into profit.

In the absence of a further material deterioration in market conditions, the Board's objective is a further improvement in the outcome for the year, on continuing operations before exceptionals. It also confidently predicts a further material reduction in indebtedness.'

Market like the results yesterday and moving higher again this morning 19p +1p
Could go to 21p before retracement

PHTM 18p

INVESTORS CHRONICLE today

Company results

Buy Photo-Me International

DO NOT BUY THIS STOCK.

XSTEFFX

RE - DO NOT BUY THIS STOCK.

DO YOU HAVE ANY IDEA OF SHARES AND HOW VALUATION WORKS?

For the last couple days have bounce after the usual profit taking ( retracement )

It looks like you just open your mouth at the bottom, so you just got a good kick at your ARSE.

JOKE OF THE DAY

MoneyAM Username: XSTEFFX
Location: MIDDLESEX

It seems you are not even good at SEX
You are only a Middle SEX

Photo-Me profits up

Photo-Me said revenue and underlying pretax profit increased in the first-quarter to end-July.

Revenue from continuing operations and underlying pretax profit both increased, albeit benefiting from the weakening of Sterling against the Euro and the Yen.

Net debt decreased in the quarter.

The disposal of Imaging Solutions, the Group's loss-making wholesale photo-processing labs manufacturing business, completed on 31st July 2009, having obtained shareholder approval at the previous day's EGM. Imaging Solutions was treated as a discontinued activity in the financial statements for the year to 30th April 2009.

As stated previously, with effect from 29th June 2009, new EU passports contain biometric data. In France, state provision of on-site photography is the norm, with a minority of town halls opting out. In the UK, the private sector will provide the biometric data enrolment service.

Photo-Me proposes to provide a further update on trading and outlook at the Company's AGM, which will be held on 29th October 2009.

WELLDONE

Thursday, October 22, 2009
Naked Trader tops up in Photo Me,

Mega volumes have been going on at Photo Me (PHTM) so I bought some more, this time a
further 10,000 at 38p. After initially disappointing and going down after I bought in in the low
30s it's having some very strong days and it looks like stakebuilding. And for that reason I went in for some more.

They actually went all the way to 45 yesterday but back to 40 today. My nose tells me
something is going on here. Most investors just won't buy a share they bought recently at
a much higher price than they bought before. But, hey, I just don't care!! Target 55 stop 32.

A higher intrady earlier on at 46.25p

Is surely going places since the bounce

Starting to pick up again here on known good results. Q3 which is the poorest quarter has been profitable and phtm are generating a shed load of cash. Higher levels to come I suspect.

Looks like this broker report upgrade from 16th has been missed......

http://www.hardmanandco.com/Research/Photo-Me_June2010.pdf

Photo Me International 34.5p
Surprise Statement - Upgrade
16 June 2010

The surprise Trading Statement from Photo-Me International
prompts our fifth consecutive upgrade on this very interesting
company. The news that profits for the year to end-April 2010
will exceed expectations by at least 20% - leads us to
UPGRADE our current year profit forecast from 10.5m at the
pre-exceptional adjusted pre-tax level to 12.9m.
Information from the company is necessarily very limited
because it is in close period ahead of the July 7 results
announcement, but our reading of the situation indicates the
following key points:
Foreign exchange. We expect Photo-Me to have an
average Euro UK Pound exchange rate for the year
of 1.13, an improvement on the 1.19 of the previous
year (and somewhat more favourable to the group than
the current Euro 1.20 = UK1). 48% of revenue in 2009
came from Europe and a further 18% from Japan
where currency movements were similar.
Cost savings, which we put down to the return of Serge
Craskianski as Chief Executive.
An improved performance by KIS i.e. the Sales &
Servicing Division where we know there has been a
great effort at cost reduction. We think this also means
that early sales of the new Photo-Book model in France
may have been better than we expected.
Successful re-siting of photo-booths and other
machines into higher throughput locations. In particular,
Photo-Me suffered at the end of the previous year from
the failure of Woolworths in the UK.
We are upgrading also for the new financial year, to April 2011.
If current rates are maintained, currency will be working against
Photo-Me, however. Also, in H2 2010/11 Photo-Me will have as
its comparative what has clearly been an improved Winter and
Spring in 2009/10. So we are keeping our 2011 upgrade
modest.
Overall though, this company is trading on an EV/EBITDA of
2.5, at the bottom of its trading range of 2.5-3.5.
Share Price: 34.5p
Q3-2009 Q4-2009 Q1-2010 Q2-2010
Source: Fidessa
10
15
20
25
30
35
40
45
50 PHTM PHOTO-ME INTL. ORD 0.5P
.UKX rebased to PHTM
12m High: 45.5p
12m Low: 14.75p
Market Cap: 125m
Shares in Issue: 360m (368m inc. shares held
in Treasury)
NAV/Share: 22p inc. intangibles
Gearing: 4%, 3.1m net debt at 10/2009,
expected to be cash positive for 4/2010
Interest Cover: 8.8X at Interims
EPIC Code: PHTM
Sector: Leisure Goods
Market: London Full List
Broker: JPMorganCazenove/Evolution
Securities
PR: The Madano Partnership +44 (0)20 7593
4000
Website: www.photo-me.co.uk
Description: Photo-Me operates photobooths
and other vending equipment throughout Europe
and Japan. It also manufactures printing kiosks,
photo album machines, minilabs and other
photo processing equipment. The co. services
equipment for itself and third parties.
Analyst: Roger Hardman
Tel: +44 (0)20 7929 3399
Email: research@hardmanandco.com
Y/E Group
Sales
Adjusted
EBITDA*
Adjusted
Pre-tax
Profit*
Adjusted
EPS*
EV/
EBITDA
P/E
ratio
Divi
Yield
April m m m p. p. %
2008A 193.5 36.5 -6.3 -1.8 3.7 - - -
2009A 210.5 38.6 1.6 0.2 3.5 174 - -
2010E 226.8 44.0 12.9 2.4 2.5 14.5 0.5 1.5
2011E 224.5 44.0 13.4 2.4 2.2 14.5 0.75 2.2
* Before exceptional items
Leaders

Results this Wednesday

Published Date: 04 July 2010 -- By Martin Flanagan -- City Editor

PHOTO-ME, the photo booth maker fined 500,000 earlier this month by the Financial Services Authority for making misleading statements to the market, will continue its bridge-building efforts with the City this week with an expected hike in annual profits.

The company, which at one time became known for its serial profits warnings, incurred the "largest fine of its type" on 21 June for retaining vital trading information that led to what the regulator called "a false market in Photo-Me's shares for 44

The FSA said the firm had information in January and February 2007 that it was no longer in exclusive discussions for a contract for its "minilab" processing equipment and that minilab sales were below expectations. But Photo-Me did not issue a profit warning until 2 March that year.

However, Photo-Me is expected to show a continued trading resurgence when it reports annual results this Wednesday, having said in an update earlier this month that it expected full-year underlying pre-tax profit to be "at least" 20 per cent ahead of market expectations.

Broker Hardman & Co said that following this guidance it had upgraded its profit forecast to 12.9m from 10.5m on sales of 226.8m, with a dividend payment of 0.5p restored. There was no shareholder payout the previous year when Photo-Me made a profit of 1.6m on sales of 210.5m. Analyst Roger Hardman said in a recent note that he expected an improved performance from KIS, the company's sales and servicing division, "where there has been a great effort at cost reduction".

The note said that the company had probably benefited from the "successful re-siting of photo booths and other machines into higher throughput locations. In particular, Photo-Me suffered at the end of the previous year from the failure of Woolworths in the UK".

Hardman said the group would also have benefited in the year to end-April from more beneficial exchange rates between sterling and the euro, with 48 per cent of the company's revenues in 2009 coming from Europe.

Photo-Me said after the regulatory ruling that it was disappointed with the size of the fine and that the FSA had underestimated the difficulties the company faced in updating the market on the possible outcome of the contract negotiations. It said it would not appeal as it was "not in the best interests of shareholders to incur further legal costs"

Some interest on the share this morning ahead of results tomorrow. Many more trades than lately and share price at 34.25p