Photo-me Share Discussion Threads

[smokybenchod] 27/6/2017 13:02

@ali47fish 2 reasons why I am holding: growing dividends (now 4.3% based on 7p divy and 163 SP) and excellent growth rate for laundry (revs up 89% to £14.3m (2016: £7.6m)). I'm not yet convinced by the identification and kiosk areas of the business, but as long as divys (and div cover remains robust) and laundry continues to progress I'm ok with that.

[ali47fish] 27/6/2017 12:36

well i am so annoyed by this company whatever the rns it s always down on update - so i am going to sell on an up day any comments please as to why i should stick it out ?

[teddy boy1] 27/6/2017 11:06

I have had this Co on my watch list for some time now but decided to wait until to-days results. Pleased that I did!

As far as I am concerned there are far better growth prospects elsewhere! (e.g IDP and Altitude!)

[napoleon 14th] 27/6/2017 10:43

Whatever one might think of the results, & I'm very underwhelmed, the simple fact is I'm even more underwhelmed by the share price performance which has under performed my PF by a country mile. From 150p to 165p over the last 3.5 years is pathetic in a bull market such as we've had, & ROC is boring.

I've been overweight here for all that time and will cut back on PHTM when I've sorted what else I will to do

[petes5] 27/6/2017 08:41

As mentioned the increase in profits does appear to be due to currency movements which I don't like. However I am glad to see they are at last deploying the large cash pile. As a long term holder a special dividend has always been nice but i could not help thinking that the large cash pile was mainly due to not knowing what to do next. The roll out of the laundry units and new photo booths should soon have a big effect on PTP with or without currency fluctuations.

[jch18] 27/6/2017 08:39

SH The lack of increase in turnover is due to the large drop in the ROW Which dropped £5m. If this had been stable t/o would have been up by about 6%.UK/Ireland income has been the main driver. Europe is only up 5%, but the estate is not being increased so quickly that it makes for large increases.

[jch18] 27/6/2017 08:31

Overall, not a particularly exciting set of figures, when looked at like for like. But sterling may remain undervalued for the foreseeable future. Positives - UK increase in income, investment in future technology. 3D eapecially may change in many countries. Good management approach. - 3 year plan. Negatives - ROW, reducing income (Japan? ). Cash flow is now being used for the future, which can only be good long term.

[sheep_herder] 27/6/2017 08:27

The thing I don't like is that most of the revenue growth seems to be due to currency movements. How can they have invested so heavily and only grown by 3.3%? What am I missing?

[b1ggles] 27/6/2017 08:24

Well, if there was one every year, it wouldn't be special, would it?

[shanksaj] 27/6/2017 07:19

No special dividend after investment of £40.9m....

apart from that it looks very good again. (Without the investment they would have had cash of £80.1m.)

EPS up 20% to 9.27p.

[retsius] 23/6/2017 14:07

Eerily steady before figures on Tuesday which they have said are to be excellent, expect some action before the close. Quite high volume.
R.

[snadgey] 22/6/2017 23:41

PHTM are eventually expecting the laundry side to be as large as the photo booth business.

[pnetol] 22/6/2017 20:14

Gleach, good luck I am with you on your summary. They have already told us the results WILL be good. I'm going to be focusing on the forward statement, where I think they will be telling us how well the laundry side of the business is going. GLA

[gleach23] 21/6/2017 21:17

Have a good feeling about next week so topped up with a few today. The story seems very much on track so I see the risk of bad news as low. Hope I'm right and haven't just put the mockers on it! Hopefully the market will buy in and help us break upwards which surely we have to one day...GLA

[shanksaj] 21/6/2017 14:51

Anything above £50m held in cash, not needed for "immediate" use will be paid out as a special dividend.

On 31 Oct 2016 they had £68m cash (as per half year report 9 Dec 2016). The div of 3.09p cost them about £11.5m leaving £56.5m or £6.5m over the £50m threshold. Six months of profits on top, say, £31m of pretax becomes say £22m after tax (??) gives £26.5m cash over the £50m threshold. The div of 3.94p will cost about £15m leaving £11.5m, which could give a special dividend of 3p tops.

[shanksaj] 21/6/2017 13:32

Your welcome. I should point out that 3.09 of the 7.03 has already been paid, leaving
3.94p of ordinary dividend to be paid in November.

[pnetol] 21/6/2017 12:10

Thanks for the summary Shanks, that's very promising. I'm hoping for 2.75p special. I've been rereading the presentation that Photo Me gave in February. I have to say that what is exciting me the most is the expansion of the laundry business. I really liked the comment that their first laundrette in Japan is going VERY well. Next year could be a great year for us.

[shanksaj] 21/6/2017 11:25

Preliminary annual results for year ended 30th April 2017 should (might!) be announced 27 June 2017, (as per Trading Update dated 2 June). These prelims will announce if we have any Special Dividend this year. I am hoping for a Special div of 2.5p which would give a total dividend of 9.53p and a div yield for the year at 168p share price of 5.6%. (Ex div date 5th October 2017, pay date 10 Nov 2017.)

Next year Photo Me have pencilled in a dividend of 8.44p before any special div which is a div yield of 5% (at 168p sp).

Div history (ordinary) (special) (total)

2010 1.25p 0.00 1.25
2011 2.0 0.00 2.00
2012 2.5 0.00 2.50
2013 3.0 3.00 6.00
2014 3.75 2.00 5.75
2015 4.88 0.00 4.88
2016 5.865 2.82 8.685
2017 7.03 ? ?
2018 8.44 ? ?

The special dividends are becoming part of the landscape.

[shanksaj] 20/6/2017 16:22

Sorry mate, but its not a bullish harami candle pattern. But there is a dividend coming soon.

[snadgey] 19/6/2017 19:08

Ditto NY Boy

[ny boy] 19/6/2017 17:18

No idea about short term direction but the Company will deliver and the share price will take care of itself. Happy holding with an ok divi too.