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.

PHTM PHOTO ME

Chart looking in good nick
ready for results tomorrow...

52 week breakout..

PHTM Photo Me


Not many brokers covering this
one but here goes........

Date Company Name Broker Rec. Price Old target price New target price Notes

14 Sep Photo-Me... Finncap Corporate 57.13 86.00 - Reiterates
28 Jun Photo-Me... Finncap Corporate 57.13 86.00 86.00 Reiterates
09 Dec Photo-Me... Finncap Corporate 57.13 86.00 86.00 Reiterates
08 Dec Photo-Me... Finncap Corporate 57.13 86.00 86.00 Reiterates
30 Jun Photo-Me... Finncap Corporate 57.13 86.00 86.00 Reiterates

86p SP TARGET.

Brilliant results.....


Operational Highlights



· Pre-tax profit up 17.4% (25.9% in CC) despite revenue decline of 7.1% (2.1% in CC)

· All 3 geographic regions increased profits; individually, Germany, Switzerland and Japan outstanding

· Sales and Servicing division returned to profitability

· Formal launch of new coin-operated laundry machines; strong growth anticipated

· Net cash position of £70 million, an increase of £18.2 million since year end

· Interim dividend increased by 20% to 1.5 pence per share

· Board to consider additional returns to shareholders


http://www.investegate.co.uk/photome-intnl

Outlook

The profitability of the business has improved and cash flow remains strong. In addition, we are about to introduce more widely coin-operated laundry machines, which we believe have substantial potential in the medium-term and will be less impacted by the prevailing economic climate. We look to the future with confidence and we will be considering the options for increasing shareholder returns.



As to the present, as we always point out, the first half is seasonally the stronger for Photo-Me in terms of profits and we expect this certainly to be the case again. However, the Board remains confident of good progress over the year given that the level of profits in the first half broadly matched the outturn for the whole of the previous year.



John Lewis,

Non-Executive Chairman

An absolute BONUS.... didnt see
this one coming....

· Sales and Servicing division returned to profitability

Excelent...........


· Net cash position of £70 million, an increase of £18.2 million since year end

· Interim dividend increased by 20% to 1.5 pence per share

Sorry guys but given the recent rise its fully valued. I also see danger in washing machines. Imho

"One of Photo-Me's great strengths is innovation. After almost three years of testing and trialling in France and Belgium, our new laundry product is ready to be aggressively rolled out. If the results achieved to date are repeated on a much larger scale, we anticipate this product will become a significant contributor to profits within three years"

"We continued to generate significant levels of cash in the period and the net cash position at the end of October was £70 million, an increase of £18 million since the end of April. We are therefore increasing the interim dividend by 20% and, during the second half of the year, the Board will be considering the options for returning some of this cash to shareholders"

Stick to what you know there is danger in diversification.

BRIEF-Photo-Me confident on year progress07 December 2012 07:02, updated 07 December 2012 07:34 LONDON, Dec 7 (Reuters) – Photo-Me International PLC :

•Remains confident of good progress over the year
•H1 pre-tax profit up 17.4% despite revenue decline of 7.1%
(London Equities Newsroom; +44 20 7542 7717)

(For more news, please click here [PHTM.L])

Pre-tax profit up 20 per cent at Photo Me
Fri 07 Dec 2012

PHTM - Photo-Me International

Latest Prices
Name Price %
Photo-Me International 59.50p +3.48%

FTSE All-Share 3,087 +0.06%
FTSE Small Cap 3,316 -0.02%
Leisure Goods 0 0.00%

LONDON (SHARECAST) - Instant service equipment group Photo Me experienced a 17.4 per cent increase in pre-tax profit despite a decline in revenue, according to its half-yearly results published on Friday.

The small cap company, which has a market capitalisation of £208.43m, demonstrated strong results with pre-tax profit rising to £20m in the six months to October, compared to £17m in the corresponding period last year.

Revenue fell 7.1% to £107.4m from £115.6m a year earlier and the dividend rose 20% to 1.5p from 1.25p.

John Lewis, Non-Executive Chairman of Photo Me, said: "The group has again traded well in what is traditionally its stronger half and delivered a record result, despite a currency headwind. A growing estate, tighter management and lower costs have all contributed to this with notable improvements in Germany, Switzerland and Japan and another very good performance in our largest market, France.”

He added: “In addition it is pleasing to report that the sales and servicing division, whilst smaller than it was, has returned to profitability after an extended period of restructuring”.

The group’s net cash position at the end of October was £70m, an increase of £18m since the end of April.

The company is currently preparing to introduce coin-operated laundry machines more widely, which it expects will have “substantial potential in the medium-term”.

MF

http://www.sharecast.com/cgi-bin/sharecast/story.cgi?story_id=20551141

A very quick glance at Photo-Me (PHTM) results looks impressive - profits up, and tons of cash. Might be worth a further look when time permits? However, bear in mind that it's a seasonal business, with H1 the much stronger half, so don't make the mistake of assuming that you can double interim profits to estimate the full year! (as that would generate a falsely optimistic result).

Paul Scott ‏@paulypilot
#TMFPP http://paulypilot.blogspot.com/2012/12/fri-7-dec-inl-arta-bvm-sid-phtm.html?spref=tw …

I did warn you!!

Nothing to do with diversification.

Some were looking for a one off special divi.

Got a full note from Finn cap and
they have upgraded this morning.

Very bullish note.

Long termers will profit.

Still probably get a one off divi at sometime but not what I want or others for that matter.

Better acquiring.

Last chance to buy this Gem before going ex Special Dividend tomorrow

Trading update this morning ahead of market expectations WITH MORE TO COME. See RNS.

The first of many updates and I reckon upgrades

06 Mar 2014 Photo-Me... PHTM Finncap Corporate 0.00 140.00 165.00 165.00 Retains

SP Target 165p

Been going great guns, after several years I've taken quite a bit off the table but probably further to run.