Photo-me Share Discussion Threads

[shanksaj] 16/3/2017 16:54

Anyone like to guestimate if a special div will be given and, if so, how much?

[felix99] 08/3/2017 07:03

depends if you are worth £10m or £250m Shauney as to what the £7.5m might meant to you lol and whether its a whim or not

[shauney2] 07/3/2017 23:14

If you look at their previous special dividends they equate to about 1p per 3.5 million above their net cash of 50 million.Every little helps of course...BUT


"This disposal is part of the Group's review of its property portfolio in order to group the activities of its head office and UK operations, including the newly formed Retail business"

I never thought of this investment from the property angle.What other property do they have?

The CEO has made nearly 500 grand on his recent purchases here.He already held 20% of the company.Hubris?
Would i splash out £7.6 million on a whim?No way.

[gleach23] 07/3/2017 23:04

They will do mike, assuming it's lumped on to a cash balance that is over £50m at year end and that the cash is not needed for any other purpose, as per their dividend policy.

[113mike] 07/3/2017 19:24

They should give it out as a special div

[retsius] 07/3/2017 19:22

Must be a mark up in the share price tomorrow after that excellent news.
Extraordinary profit, not accounted for in the accounts?!
R.

[alphabeta4] 07/3/2017 18:03

I think once you get into the business of revaluations accounting standards mean you have to keep redoing it.

[essentialinvestor] 07/3/2017 17:11

Not too far from me, nice place, would be a little quiet for some.

[b1ggles] 07/3/2017 17:08

Yes, I just saw that, eeza.

An unexpected profit of £2.4m is all very nice but, well, shouldn't the book value have been a little more up to date than that? Or is it normal accounting practice not to revalue property at intervals?

[eeza] 07/3/2017 16:51

RNS
" Sale of Head Office Site

Photo-Me, the instant service equipment group, has today exchanged contracts with Shanly Homes Limited (SHL) for the sale of the freehold of its head office buildings in Bookham, Surrey for a consideration of GBP2.5 million. The land being sold comprises two buildings on a site of approximately 0.16 hectares.

SHL will pay Photo-Me GBP2.5 million in cash on completion, which is due to take place in early June 2017. The book value of the land being sold is GBP0.1 million and therefore the profit on the sale, before costs, will be approximately GBP2.4 million.

This disposal is part of the Group's review of its property portfolio in order to group the activities of its head office and UK operations, including the newly formed Retail business, into one location. This strategy will rationalise the Group's property footprint and will enable it to achieve further efficiencies in its UK operations. "

[ny boy] 07/3/2017 13:10

Patience, hold long term and add on weakness imho, well that's what I am doing.

[shauney2] 06/3/2017 16:37

Cheers gleach.
I think thats a first to have an update in May.Good to see.Lots to look foreward to dividend wise.Ex Interim next month and hopefully another special with the final in September.

[essentialinvestor] 06/3/2017 16:32

Thanks for the update.

[gleach23] 06/3/2017 16:09

Had a response from IR at PHTM and they have responded by saying that the financial calendar on their website has now been updated with provisional dates for 2017 financial announcements.

It indicates PHTM plans to announce a trading update in May 2017 ahead of prelims provisionally scheduled for 27 June.

Better than nothing but disappointing that they appear to have dropped this Q3 update - maybe the decision relates to last year when they were caught out by the Japan ID card issue which resulted in an over-promise/under-deliver situation re FY results.

[113mike] 02/3/2017 15:00

Stay in for the long term and you'll be ok imho!

[value king] 02/3/2017 14:31

This stock is testing me lately, I seem to have a few of them these days.

[essentialinvestor] 02/3/2017 14:05

gleach, appreciate that, many thanks.

[eeza] 02/3/2017 14:04

How much more impetus does any stock need than:

Massive FX movement to the upside
"Significantly exceed expectations"
£7mill share by the CEO
FTSE risen by >25%

FFS - any other stock than this would have doubled on the above.
Yet PHTM is still being thrashed by the large seller.
Management here are totally incapable of holding onto their large s/hlders who have all walked out of the door and trashed the share in the market.

[gleach23] 02/3/2017 13:45

I share your sentiment re potential lack of short term interest EI although I haven't sold any this week.

First thing yesterday I emailed my usual contact for confirmation re trading update. He usually provides a same day response unless he's checking something out. No news so far but will advise when/if he does reply.

[essentialinvestor] 02/3/2017 13:16

Sold my holding yesterday having read Retsius post, only because I thought
there may possibly be a lack of impetius short term, luck to holders.

Did not confirm the lack of trading update with PHTM myself.

[jozo] 02/3/2017 13:07

Been watching and waiting - Just added - feel comfortable at this level with large director buys before Xmas at 158Jozo

[shanksaj] 02/3/2017 10:55

Ex div date of 6th April just over 1 month away and approaching. Next year's div promised of 8.44p or 5.18% yield at 163p. 6th April div of 3.09p.

[shanksaj] 02/3/2017 10:35

I stick my neck out and reckon we have hit the bottom for short term.

Bought a few more!

[shanksaj] 02/3/2017 10:27

Too Blue

Wish HARDER.

[alphabeta4] 02/3/2017 08:28

IMO anything which reduces the competition is good for PHTM - some of these Boots customers will go elsewhere.