Photo-me Share Discussion Threads

[gleach23] 03/7/2018 07:28

tradingsun....the May TU indicated net cash was approximately £26m at the end of April

[tradingsun1] 03/7/2018 07:10

PHTM's interims in December reported £47.1m net cash.... I'll be interested to see how much cash they still have.

[starpukka] 02/7/2018 20:42

imranawan, LPA is a good case in point.

[imranawan] 02/7/2018 19:14

I agree. What they do with the divi will be instructive about how see prospects. According to Stocko EPS forecasts for 2018 and have been downgraded a little more in July. I was also tempted to add this morning but am holding off until next weeks results. I've learnt the hard way that the sensible thing to do is to wait until results. You may miss some of the upside but its safer to read through the results and the outlook statement before making a trading decision.

[tradingsun1] 02/7/2018 18:14

I have L2 access and it happened to look super strong this morning ... lots of blue raised bid orders early trading.

So, as it looked v strong I quickly snuck in a long at £20 p/p @ 104p. As i'm not totally bonkers(!) I did put in a guaranteed stop at 90p. As it's moved up since to 109 I have been able to move my guaranteed stop up to 95p. So minimal downside risk if they results are worse than expected. Volume was also considerably higher on the bid side - which it hasn't been since their previous update.

I was assuming that maybe insiders know the results are better than being priced in - and more importantly, the dividend will be paid.

thoughts?

[smith99] 02/7/2018 17:18

not really got the volume to justify the 7%, that is unless the sneaky MM's are keeping a big order off the books until it is filled. Has anyone got L2 access - if so what story is it telling

[targatarga] 02/7/2018 12:05

I assume this is the bounce we've been waiting for. Sellers hopefully cleared!

[justiceforthemany] 28/6/2018 23:23

Inheritance for descendants?
In any case the drop from 160p to 101p has cost him about £55M so far!
Ouch!!

Just speculating but such a global company operating in 20 odd countries around the world, well known brand, good infrastructure, great balance sheet, profits of £32M in H1 alone - market cap down to £390M - surely warrants some M&A interest??

[eastbourne1982] 28/6/2018 22:33

If he's 75 years old what is he going to do with the cash ??

Is bowling expensive these days ?

[justiceforthemany] 28/6/2018 18:22

Probably worth bearing in mind the CEO is holding almost 90M shares here.
£90-100M is quite a lot of money I would say.

He is also 75 yrs old so any decent offer in the region of 150p and I reckon he would sell up.

[unnavailable] 28/6/2018 15:41

Thanks, Snadgey. Appreciate the response.

[justiceforthemany] 28/6/2018 12:59

Someone is filling their boots here. Hard to buy a large quantity this morning. PE down to 11. RSI just 17!!

[snadgey] 28/6/2018 10:54

Unavailable - their cash flows are fairly predictable so if they are planning to scale back their photobooths in Japan then they'll know the potential lost revenue from these and the cost of rationalisation.

[unnavailable] 27/6/2018 22:14

Is it strange how they're reporting that FY19 will be below expectations, given how far away that is?.Does this normally happen with companies?. I don't recall seeing it before.

[salpara111] 27/6/2018 22:13

I owned this years ago and have to say that I am surprised by the extent of the decline. I'm keeping an eye on them as I feel that they are entering oversold territory

[pro_s2009] 26/6/2018 00:45

Oversold really depends on the next trading update.

Warnings normally comes in three's........thats the problem. An initial warning update, then a worse update and then finally the truth is told...........

[snadgey] 25/6/2018 10:02

Unless there is something lurking under the bonnet that we haven't been told about in the last TU, I feel this share oversold.
The company have stated that, other than Japan, the core photo ID business is performing. They have also stated (in a previous report) that laundry will equal photo ID revenue in the medium term. As we know the margin on this side of the business is much better that the photo ID.
NET cash looks like it may come under pressure which may impact the company's future dividend policy. I agree that this should come to light in their July report.
Still holding....
All the best

[7ran5ac710n] 25/6/2018 07:31

If the value of a share is the cumulative future discounted cash flows then the crash in PHTM represents doubt over the reliability of those same cashflows. With the BoD promising a 20% YOY for 2017 & 2018, one has to wonder what happens after that? I'm sure PHTM's BoD will clarify that on 10/7...And yes, I feel this stock is vastly oversold...

[shauney2] 22/6/2018 16:40

No all is not good here NY boy.Be honest with yourself.Why do think it plunged after the trading update.

[ny boy] 22/6/2018 16:14

All good here, nice early bird shopping again, should see well over 120p, investors looking for value, this one has it imho.

[justiceforthemany] 21/6/2018 21:50

Photos for ID and laundry are 'essentials' - spending should hold up well regardless of the wider economy.

[7ran5ac710n] 21/6/2018 14:45

PHTM's Board pledged in 2016 to increase the ordinary dividend by 20% for the financial years ending 30 April 2017 and 30 April 2018Dividend yield is already high at 7.03/104.8 = 6.7%Add the 20% dividend pledged = 8%!This should surely stimulate some surprises...

[john09] 21/6/2018 13:42

I’ve seen a fair few stocks around with a chart like this. A bit of bad news and it’s bang,,,, and then a painful dribble down over a prolonged period. Shame for holders this one always looked a sure thing

[ny boy] 21/6/2018 13:40

Getting a bit silly but added this morning, support just over a pound, decent yield, strong balance sheet, reasons to be long term cheerful here.