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.

This is last year's schedule, so somewhere around the same dates:
10/12/2015 - Interim Results Announcement

25/6/2015 - Preliminary Results Announcement 2015

26/2/2015 - Trading Statement

4/12/2014 - Interim Results Announcment

Thanks for that Harry.

Break-out.

Cmon Cmon Photo get to where you belong .

Upbeat forecast of £40 mill this year.

Q3 turnover up 11%, profits increased by 90%. Pretax profits in excess of £40m, may be higher if Japan strength continues.

About time this really took off , trouble is tends to drift down after news .

New broker note and we are moving up . 1.85 target .

superb chart here.

PHOTO-ME INTERNATIONAL PLC – INTERIM RESULTS ANNOUNCEMENT
9 DECEMBER, 2014
Excellent first half performance

Photo-Me International plc (‘Photo-Me” or “the Group”), the instant service equipment group, announces its results for the six-month period ended 31 October 2014.

Please visit http://investor.photo-me.com/ for the full report

Financial Highlights

Turnover returned to growth of 0.9% on a constant currency basis.
Underlying pre-tax profits up 10% to a record £25.3m; up 17.3% in constant currency.
Underlying turnover and pretax growth restrained by a further decline in minilab business – effect expected to be much smaller going forward.
Net cash position of £64.7 million, despite increased capex and combined tax and dividend payments of £14.5m (net of sale of land).
Interim dividend increased by 30% to 2.34p in line with the Group’s commitment.

Operational highlights

Photobooth estate growth of 5.2% year-on-year, with growth above 5% in all major operating territories.
744 Revolution laundry units deployed at end-October – 374 retained operating units performing well.
Laundry manufacturing expansion remains on track.
Promising new product pipeline including new digital printing kiosk and supermarket carwash.

John Lewis, Non-executive Chairman, said:

“Against a global economic background which remains uncertain, and despite large adverse movements in our major trading currencies, the Group has produced another very strong performance and delivered another record profit.

Significantly, after a number of years of declining turnover due to the rapid downturn of the minilab business, this half-year saw a return to underlying top-line growth. This was principally due to a 5% expansion in photobooth numbers and also our still small – but rapidly growing – laundry business, which at the half-year comprised some 3% of Group turnover.

Our profits once again moved ahead strongly. Our estate enjoys high operational gearing and as previously described, we have made good progress on costs especially in reducing significantly the manufacturing costs of both our photobooths and laundry units, by outsourcing to China and Hungary respectively.

Our cash generation remains a key strength and the net cash position at the end of October 2014 was £64.7 million, an increase of some £1.6 million since the end of April 2014 after financing (net of sale of land) tax and dividends of £14.5 million and increased capital expenditure. We are therefore increasing the interim dividend by 30%, in line with the commitment that we made at the time of our preliminary results.

The momentum in the business is good and it is performing very much in line with the Board’s expectations. The Board remains confident for the outlook of the business over the rest of the year and remains optimistic about future prospects especially in relation to the opportunities for our laundry business supported by our new product development.”

Headline turnover declined by 4.9%, again principally due to the adverse impact of exchange rates and to the continuing decline in minilab sales, but on a constant currency basis rose by 0.9%, helped by a particularly strong performance from our Japanese business. The increase in underlying turnover is the first the Group has recorded for some time and the Board is confident this can be maintained going forward as the Group expands its laundry business in particular, which contributed £2.9 million of turnover in the half year.

Profits rose strongly – up on a reported basis by 10.0% to £25.3 million – and this was after adverse currency movements against the euro and yen amounting to £1.7 million. Underlying profits thus rose by 17.3% helped by the operational gearing inherent in the business as lower manufacturing and corporate costs continued to feed through.

Strategy

Our strategy is focused on the development of new complementary products that build upon the strength of the ID photobooth business and offer diversified revenue and profit streams for the future. This has produced the Philippe Starck-designed photobooth and the Revolution laundry units in the recent past and our new product pipeline, detailed below, is looking promising.

We have also sought to reduce our costs progressively to improve margins and cashflow. We have made strong progress on this in 2014 following the outsourcing of manufacturing of our Revolution laundry units and photobooths to Hungary and China respectively.

We are now focusing on rolling out our Revolution laundry product aggressively and will increasingly focus on developing new markets for the photobooths, facilitated by the reduction in manufacturing costs.

Dividends

In line with the commitment that we made at the time of our preliminary results in June 2014, the Board is declaring an interim dividend of 2.34 pence per share, an increase of 30% over the interim dividend of 1.8 pence per share paid last year.

The interim dividend will be paid on 14 May 2015 to shareholders on the register on 7 April 2015, with an ex-dividend date of 2 April 2015.

Outlook

The momentum in the business is good and it is performing very much in line with the Board’s expectations. The Board remains confident for the outlook of the business over the rest of the year and remains excited about future prospects especially in relation to the opportunities for our laundry business supported by our new product development”.

John Lewis
Non-Executive Chairman

Date Broker New target Recomm.
9 Dec finnCap 215.00 Corporate
7 Nov finnCap N/A Corporate
4 Nov finnCap 185.00 Corporate
20 Oct finnCap 185.00 Corporate
23 Aug Canaccord... 168.00 Buy
23 Aug finnCap 185.00 Corporate
10 Aug finnCap 185.00 Corporate
21 Jun finnCap 185.00 Corporate
8 Apr finnCap 185.00 Corporate
26 Feb Canaccord... 180.00 Buy
Broker Recommendations for Photo-Me International

Excellent results and a 20% hike in the interim dividend - I'm surprised it's not risen more today.

From accross the road. Stockopedia.


Small Cap Value Report (9 Dec 2016) - PHTM, BJU, ABDP
Friday, Dec 09 2016 by Graham N 9 comments
38




Photo-Me International (LON:PHTM)


Share price: 166p (+7.7%)
No. shares: 375.5m
Market cap: £623m

Interim Results (for the six-month period ended 31 October 2016)

584a6f1b1a75aPHTM_20161209.PNG

A bullish report this morning from this vending machine operator (photobooths, printing kiosks, laundromats, and more).


Note the huge tailwind from currency movements. UK/ROI revenues are only about one quarter of total revenues (the rest primarily coming from Continental Europe and Japan), so the move in Sterling produced a windfall of additional profits.

Outlook: It is no surprise that the shares are bouncing, given the following outlook statement.

The Group's performance for the first half was ahead of the Board expectations and the Board therefore now expects the Group's profits will significantly exceed current market expectations for the financial period ending 30 April 2017. The Board continues to be optimistic about the Group's future prospects.

Revenue analysis: The number of vending units increased by 3.4% to nearly 47,000. Photobooths are 60% of the entire estate, and are growing at a slower rate. Instead, the primary growth driver is laundry units, whose numbers increased by 51%.

Profit (at constant currency) is growing at a slightly faster rate than revenue, which is growing at a slightly faster rate than the total number of machines - these are all positive signs to me.

Dividend: Interim dividend is increased by 20% to 3.09p. This suggests a possible yield of 4.2% on the current share price (depending on the movement of the final dividend).

Net cash: £68 million, after making adjustments and deductions from £77 million of gross cash, with a very healthy balance sheet. Indeed, I would have argued that this was probably too much cash for the business to hold, but I note that it has already made three special dividends since 2012. So I can't blame management for not trying to keep the cash balance under control!

My opinion: I have been watching the Finance Director's presentation to Mello earlier this year, and have a very positive overall impression of the business. ROCE has been estimated according to my sources at an average of c. 29% over the past three years, which for me puts it in the category of a super-high-quality business (although it's true that these were all-time high performance levels for the business).

Prior to this morning, brokers were forecasting pre-tax profit for the financial year of c. £42.6. This will need to be revised higher now.

The question was raised at the Mello presentation - given that laundry machines and launderettes already went out of fashion, is it realistic to expect them to be a growth business in the future? A very fair question.

But I'd still happily pay a very high earning multiple for a business which can generate cash and economic returns like this one, even in the absence of rapid growth.

19 Dec 2016 Photo-Me International PLC Serge Crasnianski 1,934,644 156 3,013,208

What's going on? Falling like a stone this morning and no news that I can see....

Is it to do with the changes to passport photo requirements?

Is it curtains for photobooths? New Home Office rules lets travellers use pictures taken on their smartphones for online passport applications

There's also a Mail online on the 9th DEC saying Photo booths wil soon be able to send Passport applications directly to the Home Office says Photo Me . who to believe .

Must have seen this coming, you would think. Need to issue RNS pdq to reassure investors. Recent director share purchase looking a tad foolish otherwise. Chart looks way over sold. 140p needs to hold. Ex-Divi April.

I think Mobile phone application is going too far .