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.

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 .

RNS out to answer drop .

Photo-Me notes fall in share price

StockMarketWire.com

Photo-Me has noted the fall in its share price today following media comment regarding photo ID regulations in the UK.

The company confirmed it has continued to trade in line with its expectation since its interim results announced on 9 December.

A statement says: "The company said it believes its latest technology represents a major growth opportunity as the most secure photo ID solutions available and that accepting photos from mobile phones for official documents is incompatible with developing security requirements.

"Photo-Me's solutions have been adopted by ANTS (Agence Nationale des Titres Securises, a national agency linked to the French Ministry of Transport and issuing secured official personal documents) as well as by the Ministry of Foreign Affairs and Trade in the Republic of Ireland where trials are under way for photobooth secure online passport applications.

"Furthermore, it is currently in ongoing discussions with Her Majesty's Passport Office in order to equip its photobooths in the United Kingdom with the technology used in France."

At 3:01pm: (LON:PHTM) PhotoMe International PLC share price was -15p at 155.25p


Story provided by StockMarketWire.com

Photo-Me's Shares Are Under-Developed After Press Scare reckons Malcolm Stacey

Uncle Tom has said that Photo-Me (LSE:PHTM) is my favourite share. This is no longer quite true, but I do have a lot of faith (and money) wrapped up in the stock. However, the share price has taken a knock this week.

The reason seems to be a press story about the type of photos required for security purposes. In response, the share price of this company, which supplies and operates those little photo booths you find in shopping centres and bus and rail stations, took a dive. You would expect me to say - and I do - that this represents a buying opportunity. Though I won’t be putting my hand in my own pocket, as I already hold more than my personal ‘don’t over do it’ policies allow.

The company has quickly responded to the battered share price. It says it is already in talks with the British passport office to equip its booths in Britain to a (presumably higher) French standard. Photo-Me also claims that photos taken on your mobile phone will be ‘incompatible’ with security requirements, whereas its latest technology makes its pics the most secure available for id purposes.

One reason why I am not rushing to sell some of my stock is that the Photo-Me’s chief executive Serge Difficult-to-spell-surname put his hand in his pocket to buy himself a Christmas present of 4.9 million shares shares at about 57p a pop.

Would he have done that if the shares were likely to hit the skids? Only if he was raving mad, and all the indicators are that this is a shrewd cookie indeed. So once this bit of a set-back has passed, I expect the shares to continue their usual upward path.

Lovely CC .

He bought at 57p!!! How?

Good question Harry, don't shoot the messenger though :0)

I think that should read 157p........typo?

Serge Crasnianski, Chief Executive Officer, bought 2,892,607 shares in the company on the 20th December 2016 at a price of 158.00p. The Director now holds 84,610,701 shares.

Serge Crasnianski, Chief Executive Officer, bought 1,934,644 shares in the company on the 9th December 2016 at a price of 155.75p. The Director now holds 81,718,094 shares.

RNS id card rollout in Ireland passport .

Finncap has 215 target price on this today , and they put it down .

Super trading update today , this company does no wrong and gets slaughtered by MM's regularly , should be some upgrades but don't hold your breath on reaction .