Photo-me Share Discussion Threads

[gleach23] 26/11/2016 12:06

That might be the case wildshot but it does beg the question 'where are those institutions now?'

That said, I would hope that we'd see some major II investment at these levels in the next couple of weeks.

[wildshot] 26/11/2016 09:21

With regard to share buybacks, I recently watched the YouTube video of the Photo-Me Mello event and this issue was raised. The CEO ruled out share buy backs because institutions complained that there were not enough shares available as it is, the shares are too illiquid. So a share buy back would make this situation worse and hamper institutional investing.

[napoleon 14th] 26/11/2016 01:30

On balance, I'm gonna wait 'till then, but if it's anything like ETO (which I held for nearly a decade) I'll move on.

[pnetol] 24/11/2016 13:57

Ha ha Napoleon you are right, it does seem like a vice, I do think a share buy back programme would make a huge difference here and also allow major shareholders a chance to sell some of their holdings off market as well. I guess all will be revealed on the 9th December.

[napoleon 14th] 24/11/2016 13:08

pnetol - I agree. Ironically, the better the laundry goes, the more "profits" will get hit thru' dep'n on new equipment, albeit home-made & internally managed/serviced.
Ebitda & cash flow are another story, but mr. market doesn't rate this, apparently.
Perhaps, in the absence of share buy backs, a boosted special dividend policy would lead to a re rating?

They say patience is a virtue, but here it's becoming a vice!

[ihatemms] 24/11/2016 11:50

Unfortunately the FD discounted the issue of share buy backs at the Mello event a few months ago. He said share buy backs represented a liquidity issue. However we have a more annoying share price issue!! Share buy backs would certainly give the stock a much needed lift .
I'm surprised predators are not seriously looking at taking over this company because the current cash generation and even more going forward must be very appealing.

[pnetol] 24/11/2016 11:42

Napoleon,I don't blame you either, we just need those results to be consistent with what was said at the AGM. I won't be looking so much at the profit as that will be held back slightly IMO because of the expansion of the laundry machines, but if profits are up at least 10% then the key for me will be the increase in turnover on the Laundry side if the 192% increase was maintained for the full 6 months then we could approach £16,000,000 turnover for the laundry business, this should really start to impact the cash flow in an even more positive way.I currently have everything crossed here, but also thanks for your thoughts on other shares

[pnetol] 24/11/2016 11:33

I agree to an extent that L2 can be frustrating, but where I believe you get an edge is when you start seeing the Market makers get hit as that can often indicate that a particular supply has gone. I will be interested when we start to see trades over 145. ATM it seems that mid afternoon the shares are being hit with a flurry of sell orders.

[napoleon 14th] 24/11/2016 10:52

Well, I don't regret selling a third 30 days ago & buying some FXPO at 100p with that, following a very clumsy placing of an FXPO main shareholder at 110p. They're now 125p+, & this sort of thing is what makes peeps like me stale bulls!

Dunno how long IIs will be keeping share price on downers, but it could be some time yet.
Dunno either why they don't do a placing like FXPO, even if that was clumsy. A book building exercise wouldn't require a genius to engineer a tidy exit at around these prices, considering ebitda/cashflow on PHTM.

Currently looking at STAF - good potential of a strong bounce there.

[gleach23] 24/11/2016 10:51

That's what I don't get about L2 - it's ok seeing what orders are stacked up on the orderbook but what about when they are being drip fed like this? Maybe I'm missing something.

Nice bounce off the 141 level again today.

Del's a he btw ;)

[pnetol] 24/11/2016 10:25

Yes you are right there probably is enough trade for most PIs to sell if they want. It's just very frustrating not knowing how much stock is out there. I keep a close eye on the auction between 16.30-16.35 to see if anyone shows their hand, but no-one has been putting up millions so no clue there. Thanks for the contact name at PHTM, I will contact her in the next few days and let you know her response. I still have enough spare for a couple more top ups, just debating on when. If you are looking to buy you can always put up an offer price which then shows on L2, that's what I did yesterday.Good luck to all shareholders, this price could attract a bit IMO, someone out there must love the cash generated by this company and its only going to grow with all the new Revolution sales

[gleach23] 24/11/2016 08:41

I was also doing dummy trades yesterday - the max quantity at the lowest price was 2500 which prompted me to make my first purchase. I thought the price might then move up a tad but it didn't as supply is seemingly being drip fed.

Not sure about stale bulls - if you mean PIs there seems to be enough demand for them to be able to sell if they wanted to? My major concern remains an II overhang which is taking time to clear, and may yet cause a dip below 140 - I have some cash held back in case this happens and I want to buy more (depends how low it might have gone).

I'd be interested in any response you get on the buy back point. I've found company secretary Del Mansi very responsive to emails in the past. GL

[pnetol] 24/11/2016 08:08

Before buying yesterday I got my broker to ping the RNS with a dummy buy of 25,000, it wasn't showing anything sitting behind the screens at the time . The buy price around 3pm was 145 and I would have had to pay 147.1, I was hoping that the supply was drying up a bit. But I was wrong, I wonder if the market is waiting until the interims to see what statement the company puts out? Especially after the last upgrade when the Japanese government temporarily suspended the new national identity programme. I also thing that there are a lot of stale bulls in this which is not helping things at the minute. I seriously think this company should also allocate a small amount of money for buy backs to help clear out overhangs like the current one, even if they held back £5,000,000 then I think it would make a big difference. I will be writing to them to ask them to consider this.GLTA

[gleach23] 24/11/2016 06:54

cheers pnetol - i also bought twice towards the end of the day yesterday - although ideally I would like to have seen some major volume before buying, I couldn't resist

well done on AVS - it was on my watchlist at 210 but I didn't take the plunge after seeing it rise to 300, thinking I'd misssed the boat!

[pnetol] 23/11/2016 23:39

Gleach, I share your convictions, missed out on Lavendon, even though I had been following them for some time and thought I should buy after the last trading statement, but had very little spare funds, my result was Avesco , also after a profits upgrade. I did take the plunge here and topped up further today at 144.50. Hope that we mare all correct here, I think we will be well rewarded over the next 12 months. GLTA ??

[buffythebuffoon] 22/11/2016 23:30

I'm anticipating that the Land of the Rising Sun will be responsible for the rising share price next year.

Buffy

[113mike] 22/11/2016 23:07

Topped up a few weeks ago. Growing yearly div is worth holding for me as its in my SIPP that I plan to put into drawdown in the new year. Growth in the share price will be a bonus! Just need a bit of patience imvho. GLA!

[gleach23] 22/11/2016 22:31

At just over 140 this is exactly where it was 3 years ago - amazing when you consider the newsflow since then although it had trebled in the previous year from the 40s.

This has been my biggest holding for the last couple of years. My second biggest, and equally frustrating, was LVD which finally came good today.

After banking 80% of profits on LVD I'm now very tempted to follow my own conviction and go heavier here, even if it's just for a run up to results which are 2 weeks on Friday, 9th Dec.

[larva] 22/11/2016 16:09

eeza are u a, for want of a beter word, mong

[eeza] 22/11/2016 15:59

Lol !!

1530 & in come the sellers - again.

[nw99] 22/11/2016 14:55

Added here might be a treble chart bottom

[buffythebuffoon] 22/11/2016 00:31

Yep, that's when you'll see a UT.....besides the morning auction.

Buffy

[eeza] 21/11/2016 18:21

Uncrossing trade in the closing auction.

[petes5] 21/11/2016 18:11

Any idea what the 104k trade was after the bell.

[pnetol] 15/11/2016 08:52

Napoleon, I agree with you there, my only consolation is that we have had a nice fat dividend and I don't think I'm clever enough to have traded out and back in at the right time. I do believe that our patience will be rewarded. We have been caught by two unforeseen situations IMO , firstly the profits upgrade just as the Japanese government were in the process of suspending their National Identity programme, which would have upset quite a few investors expectations for the immediate future. Secondly we have had two major shareholders reducing/selling out which will have created considerable uneasy with many other shareholders. Until we know that the persistent seller has sold what they want/need to sell new investors will be reluctant to commit their funds here. I have my fingers crossed that the interim a will give a much better idea on how well the laundry side is now going, yes the depreciation charge will rise , but they will start generating lots and lots more cash as the return period , from memory, is only around 12 months. I've stuck with them and been unbelievably patient , I really hope that all long term shareholders are rewarded.