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.

65.50p +6.25p

Photo-Me starts strong

Photo-Me said it is pleased to report a very strong start to the year, with results ahead of both the comparable period last year and management's expectations.

All three geographic areas have done well, with a much improved performance in the core Operations business being of particular note despite little change in the overall trading background.

The Group has launched the Pocketbook (a new photobook maker) and has now secured two orders totalling 550 machines from two major OEMs, with delivery expected to commence in two to three months' time. This is an encouraging start and the Group continues to seek further orders with a range of relevant OEMs.

In a week's time, the Photokina show (the world's largest fair for photography and imaging) will take place in Cologne and the Group will be showcasing two of its new products. The first will be a combined photobook and Xerox machine, designed for the US market. The second is the Photobook Builder which is designed for use in conjunction with digital minilabs, the installed base of which worldwide is around 100,000. The Group believes both products have significant potential.

The results thus far build on the improving trend from the last financial year and this is mirrored in a further strengthening of the net cash position on the balance sheet. The Board believes that the Group is well-positioned for further growth.

a good riser today

Top risers and fallers between 12:00 and 13:00

PHOTO-ME INTL. 73.25P + 7.72%

A higher BREAKOUT after yesterday's rise

Not sure if anyone has picked up on this, from telegraph online yesterday. I wonder if this has spooked a few people? From reading it I dont think that PHTM have lost anything, more that they think they could have won the contract had it been tendered.

HomeFinanceNews by SectorTransportPhoto-Me taking DVLA to court over driving licence contract

Photographic group argues it should have been allowed to tender for 71m contract that was awarded to the Post Office.

By Sarah Limbrick
Published: 7:03AM GMT 01 Nov 2010

Comment

Photo-Me International
Photographic company Photo-Me International is headed for a High Court showdown with the Transport Secretary in a row over driving licences.

The DVLA has awarded a huge contract for photos on driving licences to the Post Office, but Photo-Me argues it should have had a chance to tender for the project.


Photo-Me only discovered that the 71.25m contract had been awarded to the Post Office after making inquiries under the Freedom of Information Act 2000.

The value of the contract is based on use by 75m customers over five years, at a cost of 9.50 per transaction, according to a High Court writ. The DVLA has had a long-running relationship with the Post Office for renewing car tax discs as well as driving licence checking services.

In May this year the DVLA, an executive agency of the Department for Transport, decided to vary the original contract, to include taking and emailing photographs and electronic signatures for driving licence applications, for another five years.

Photo-Me, which runs photo booths across the UK, contends that the contract was awarded without advertising, without carrying out any competitive tenders, and without seeking tenders from other operators.

This, says Photo-Me, was in breach of the Public Contracts Regulations 2006, and in breach of a duty to treat the company equally, in a non-discriminatory way, and to act transparently.

Court documents say Photo-Me became suspicious that DVLA and the Post Office might have entered into a contract for photocard services on April 21 and its fears were reinforced by a conversation with a Post Office representative a day later. It was confirmed by letters from DVLA following requests under the Freedom of Information Act 2000.

Photo-Me argues that it has lost profits it would have made if awarded the contract. The company has instructed James Levy of Lewis Silkin to act for it.

Cracking trading statement and a solid day.

12 November 2010

Photo-Me International Plc ("Photo-Me" or "the Group")
Change of Adviser

Photo-Me (PHTM.L) is pleased to announce the appointment of finnCap Limited as
joint broker with immediate effect.

Goldfinger

we could do with a couple charts on the top thread

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She is on the turning today

Lifted this from across road...

I like the look of the PHTM (photo me) chart. MACD points to a strengthening of the share price. RSI looks favourable also.

cielo........ have done C, ie, charts at top of thread.

cheers

Shares magazine

On today's issue saying Buy PHTM Shares mag
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Indicator Slow Stochastic at oversold and volume rising, sure time for a top up, must be ready for a reversal, spread 60 / 62.75p
today share price 60p was the bid price, meaning is the lowest price to move from.

She was also Tipped in the IC as a buy and postive coverage issue 17th - 30th Dec 10

And I said yesterday, the bottom was yesterday on the chart as the bid price has steadyly move higher, opening at 60p then 60.25p next 60.50p then 60.75p and at the moment the last trade was withdrawn and raise to 61p by the order book itself.

offer at 62p with 6K next is 64.25p

On the way up, bid at 62p v offer at 64p

Consolidating the rise with havier volume almost 500K

something going on????

I don't think so, games between 50 and 200 dma. Oversold imo

something afoot.

nearly a million buys this morning,
125 sold

Much better volume - a steal at these prices.

10% rise today, moving up firmly after encroaching on 200dma.

Since Wednesday ( large volume ) is on the way up again and today with hardly any volume finished the best since 58.25p +1.25p

Following the annoucements last week, still dirt cheap here and long overdue a reversal of the late downward trend. A big cash mountain representing a high % of market cap. Great for growth in China.