Photo-me Share Discussion Threads

[alphabeta4] 23/1/2017 10:29

Some crude calculations: UK and Ireland revenue was 24.88% of the group on last financial results, since then the currency drop of 20% will have reduced this to c21% of group.

Republic of Ireland population of 4.6m so if rest of UK c65m then takes the measure down to 19.5%.

If assume 80% of applications are for passport or driving licence (others being things like work pass pictures etc) then that's 15.6% of potential revenue and this is ignoring in effect it's lower than this as this would ignore all laundrette etc revenue in the UK and Republic of Ireland.

At £1.38 down c19%. So this would involve wiping all the UK passport revenue and some from the rest of the world.

Photobooths make up 60% of PhotoMe's estate with a rapidly growing laundry business.

The UK looks out on a limb from here with agreements in France and the Republic of Ireland for enhanced security measures. Countries seem to have control over their own legislation but I would also be surprised for the EU to implement something like this given current security and immigration concerns.

Reaction looks over the top IMO.

[tattooed93] 23/1/2017 10:29

Just hope Schroders dont start lobbing the effers could screw this chart for months and months

[shauney2] 23/1/2017 10:28

I don't believe the CEO would spend another 7.5 million quid to add to his considerable holding with out having the most recent figures in front of him.That was a month ago.
You only have to look at his history with PHTM.The guy knows when to buy.

Down the line photo apps could be a threat of course.Don't forget the vanity of some people though.

How many will use the photoshop apps to touch up their noses,lips,spots.I can see long lines of people trying to get though passport control and the biometric reader going into meltdown lol

[carcosa] 23/1/2017 10:25

Lets just clarify. "selfies" have been around for passport applications in Ireland for a long time iaw ICAO requirements. Although called 'selfies' its really just a self taken photo via an app which checks the 60 or so requirements. Then they are manually vetted as with the system.

[ny boy] 23/1/2017 10:23

The CEO would have been aware of these changes last year, why buy 3M shares @ 1.58p, last month,maybe about to launch a new product..watch this space.

[aishah] 23/1/2017 10:22

Maiden purchase here for me today.

[tomr58] 23/1/2017 10:20

id have thought that the integrity of passport photos is a pretty basic requirement for secuity.I dont really think a selfie will cut it. Boys in dark glasses unlikely to beimpressed

[celeritas] 23/1/2017 10:17

ID photos mainly for passports are really the only reason people sit in them. I can see them disappearing completely in the UK, will others follow?
France have gone down the route of a secure booth which in my mind is the correct way for security but if other countries simply allow phone pictures then why would France bother going through with this.

[113mike] 23/1/2017 10:12

Way oversold. Topped up a little while ago at £1.40..company is cash rich with no major capex planned. Special divs are paid and company committed to increasing div by 20% for the nrxt two years. No ramp intended. aimho & dyor etc., good luck all!

[prokartace] 23/1/2017 10:11

You guys do make me laugh sometimes. When you talk about buying above support levels and hitting buy levels. The charts only work in normal trading conditions and definitely not when a material change affects the profit of the company! The only thing one can do is to assess the impact and re-evaluate the worth of the shares and buy or sell at the current level based on that assessment.

As for you 'tattooed' that 6p divi has LONG gone. The next ex div is 3.09 p and ex in April. Get your facts sorted

[ny boy] 23/1/2017 10:11

Expect we'll get a Company rns later.

[ny boy] 23/1/2017 10:09

Divi 4.18% sit back and relax, bought for a 1-2 yr hold.

[davr0s] 23/1/2017 10:08

Saying what - that the government may have just holed their core business. If this story has any legs the profits have to be significantly affected - most won't be bothered to go to a booth if they can take the picture from their phone

[tattooed93] 23/1/2017 10:08

in a few days people will be buying these up again at 165p

[orange1] 23/1/2017 10:07

What exactly is the story here? If you read Hansard:



you will see that the service allowing adults over the age of 26 who have previously held a British passport to take their own photographs has been in place since April of last year.

Maybe there is another reason why the share price is going down.

[ny boy] 23/1/2017 10:06

Just a storm in a photo booth, I follow the CEO, just happy for the opportunity.

[tattooed93] 23/1/2017 10:06

SERGE is coming

[keyno] 23/1/2017 10:06

I was wondering what the rejection rate is too, shauney2. Pretty high I'd have thought. Passport photo standards are very exacting and the average selfie taker isn't used to having to observe guidelines etc. Agree, looks oversold and company should issue statement pronto.

[tattooed93] 23/1/2017 10:04

· Net cash position remains very strong at £68.0m, £5.6m higher than at 30 April 2016, after investments, including the acquisition of Asda's photo division, and substantially higher dividend payments

[martin576] 23/1/2017 10:04

Dividend is 3.09p isn't it - ex div April 6th, paid May 11th ?

[tattooed93] 23/1/2017 10:04

6p dividend - ex date?

[shauney2] 23/1/2017 10:02

GreenRichard
23 Jan '17 - 09:39 - 7056 of 7061 0 0
Not used a photo booth for a passport photo for any member of my family for years.
Easier to pop into somewhere like Jessops and get it done.

Did Jessops not go bust?

Maybe they will bring forward their February update to placate investors.

So whats the UK & Ireland booth revenue.15 to 20% of total revenue from memory.So 30% at the most will use a selfie.A percentage of those will get rejected.Looks a bit oversold at the moment.

[tattooed93] 23/1/2017 10:02

serge bought £6m quid worth at 160p so i follow the man

[bigboots] 23/1/2017 10:01

Its over for Photome if this story is true, generates over 70% of their income ...