Photo-me Share Discussion Threads

[eeza] 07/12/2016 17:14

@gleach
My point was that there is another large seller appeared on the scene.

[smokybenchod] 07/12/2016 17:05

revoman, sorry got my weightings for H1 and H2 wrong. Just had a look at last yr and H1 2015 EPS was 4.98, so yes you are right, should be closer to 6p on *Friday*.
Making way too many mistakes today (also at work!), think I'm in Xmas holiday mode already :)

[gleach23] 07/12/2016 16:56

"eeza7 Dec '16 - 15:15 - 6845 of 6848

If Schroders are buying - then someone else is selling."

Thanks for that pearl eeza...and cheer up. Perhaps you could have expanded on that point to say that if the buyer's demand is greater than the seller's supply at a particular price then the price might have to go up.

[revoman] 07/12/2016 16:51

Smokeybenchod, it's not that I'm simply "hoping" for 6p (as a lot of people just over-optimistically hope for figures), calculations from PHTM's statements and brokers comments suggest the figure will be around 6p.

[smokybenchod] 07/12/2016 16:25

no idea why i thought they were tomorrow - apologies!

[eeza] 07/12/2016 16:11

From the above RNS
"Photo-Me (PHTM.L), the instant-service equipment group, intends to announce its interim results for the six months ended 31(st) October 2016 on Friday 9(th) December 2016."

It is Thursday Dec 8 tomorrow.
Friday comes the day after Thursday.
Usually.

[smokybenchod] 07/12/2016 15:39

revoman, EPS of 6 tomorrow would be nice :) My guess is more likely closer to 4.5-5p which is still ahead of forecasts so I'm expecting a re-rating.

[eeza] 07/12/2016 15:15

If Schroders are buying - then someone else is selling.

[larva] 07/12/2016 15:08

haha yes poor plebs

[gleach23] 07/12/2016 15:06

Good news...Schroders increasing :)

Hopefully it'll prove very significant in the short term, given they had been a seller earlier in the year.

[revoman] 07/12/2016 13:41

Good, the market will then take that on board and make it look less ridiculous.

[napoleon 14th] 07/12/2016 13:39

revo - if that's so, then FY=12p min. so P/E = 12.5.
Fat divi makes that P/E look ridiculous...

[revoman] 07/12/2016 11:26

From the Finncap note a couple of months back: "While current trading is a beneficiary of Sterling weakness, near-term FX volatility prevents us from upgrading our FY forecasts at this stage. In the event, however, that Euro and Yen exchange rates remain at current levels or lower, existing forecasts have considerable upside risk.

Strong trading reported for the first four months of FY17E (May-August 2016 with turnover +18% YoY and pre-tax profit +14% YoY, reflecting the benefits of investment and currency tailwinds. Approximately half of H1 profits are traditionally achieved in September and October."

I love that final comment. So traditionally half of the H1 profits come from the couple of months when sterling has been even weaker – that’s TRADITIONALLY, never mind this year.

PLUS, with the number of Revolution machines in service increasing by approx 100/month, and with Sterling having weakened even further over the last month or so of the trading period, and the period pre-Brexit vote (i.e. May 1st - June 22nd) Sterling having been that much stronger, with the above comments in the update a couple of months back and the FinnCap note it seems highly likely to me that profits will be up by ~20%, ie eps to around 6p for the first 6 month period.

[shauney2] 07/12/2016 09:49

I don't think so either because tomorrow is Thursday!

[snadgey] 07/12/2016 09:11

I don't think so. They have set their dividend policy.

[opodio] 07/12/2016 08:47

special dividend tomorrow

[nw99] 07/12/2016 08:29

Chart looks good for 160 plus very quickly

[pnetol] 07/12/2016 03:11

Most likely institutional IMHO , also great to see all the large after hours trades being declared, I haven't seen that much trading for a while.

[alphabeta4] 06/12/2016 21:56

Yes - I noticed that too. I don't profess to be an expert at lv2 but perhaps an institutional buyer has picked up on the undervaluation, I would be surprised for it to be retail at that sort of level.

[pnetol] 06/12/2016 16:38

Well that's encouraging at the end of the auction at 16.35, there was a bid for just over 50,000 sitting there unfilled at 1.50, the strongest close for quite some time. Fingers crossed for Friday's interims. GLA

[larva] 06/12/2016 09:43

breakout coming

[sphere25] 05/12/2016 11:30

Been buying this morning.

Perhaps some of the weakness recently has been explained by the Italian Referendum and some anticipated catastrophic fall in the euro?

The chart looks like it is finally turning up, and with results on Friday, I'd expect a fair bit of buying pressure into the results.

Further to the trading statement (below), there has to be a strong possibility of upgrades to forecasts on Friday.

-----------------------------------------------------------------------------------
Sphere25 - 20 Oct 2016 - 08:54:48 - 6696 of 6831
Miles ahead of forecast

Revenue +18% vs forecast of 11%
Profit +14% vs forecast 5.5%

[pnetol] 05/12/2016 10:24

It would be great to see the first MM hit at 1.47, that may show that the supply below this level has gone, Winterfloods are on at 1.47, then the next one is at 1.50, while lots get put on L2 just below 147 then we still have our supply out there.

[gleach23] 02/12/2016 17:35

Yup, has felt like a total stand-off recently - as though a large seller is not prepared to sell below 140 but equally large buyers do not appear to be coming in at just above 140.

Interims a week today though - let's hope some detailed numbers supporting the recent positive AGM statement give us a boost along with another good outlook statement.

Of course there will also be a significant currency impact for the 6 months to Oct 31st - it'll be ironic if we then see a resultant boost in share price when the yen has recovered by around 13% since the end of Oct.

[retsius] 02/12/2016 17:08

Very quiet here. Hope for some action next week.
R.