Photo-me Share Discussion Threads

[stun12] 29/3/2019 11:17

Picked a few up to average down from 110ish to 92.5p. It doesn't seem there is any reason for the dividend to fall given the cash generation, but here's hoping...

[retsius] 28/3/2019 14:56

266000 buys and 20000 sells.

Price has not budged. ???

[essentialinvestor] 27/3/2019 16:50

I'm waiting to see what the next update shows.
If the share price spikes higher so be it, it's a bit like an
insurance policy to avoid a potential loss.
Luck to those holding.

[retsius] 27/3/2019 16:23

If you are buying make sure it is in your ISA,as this year any dividends over £2000 in any financial year will incur further tax charges, if you are a 40% tax payer, you will be taxed 32.5% on your dividend gross payment. You couldn't make it up !
R.

[essentialinvestor] 27/3/2019 14:19

I'm wondering if I'm missing a trick here with all you guys buying.
Held in quantity on two previous occasions, but not for a couple of years now.

Does the complete lack of any BOD buying, even at these levels, not suggest a
little caution may be warranted?.

Perhaps I'm misreading this.

[brucie5] 27/3/2019 14:12

I bought some more too... For the income, naturellement.

[gleach23] 26/3/2019 11:20

In this case I prefer the former cliche and bought a few more this am.

[kmreid] 26/3/2019 10:51

If we're quoting overused cliches, my favourite is "Never catch a falling knife".

[slogsweep] 25/3/2019 23:03

What did Warren Buffet say - 'Be greedy when everyone else is fearful'

Just waiting for the right moment to spend my war chest. Not on PHTM sadly already way over weight as thought they were a steal at <100.

[essentialinvestor] 25/3/2019 15:58

Yes indeed, it's just my interpretation of the outlook statement.

[knowing] 25/3/2019 15:53

Doesn't every stock come with that caveat?

[essentialinvestor] 25/3/2019 15:39

If profitability develops as consensus forecast over the next couple of years.

The guidance for the current year came with provisos.

[knowing] 25/3/2019 15:36

This looks very good value at current level.

[ny boy] 25/3/2019 14:36

I have been holding for a long time, will use this opportunity to add more, whether they cut the divi is not important for me.

Busy adding more PFC on this s mornings pull back too, opportunities always around imo

[essentialinvestor] 25/3/2019 14:32

Just 12 months ago PHTM traded near £1.70 a share,
it's now near 78 pence.
That's what I meant.

[hawkind] 25/3/2019 14:22

I did not say we were heading for a bear market, I said it's a down day all round for markets, so yes it is general market related, because with no news issued it gives no reason for the drop, along with that look at other shares, good and bad most are a sea of red. BWDIK

[essentialinvestor] 25/3/2019 14:16

This is very little to do with wider markets, we are nowhere near a bear
market for wider UK indicies.

[gleach23] 25/3/2019 14:11

Bought a few this morning. Something has to give on the current 10.7% dividend yield so I've not bought as many as I might. I suspect if they announce a dividend cut then there may be a further drop at which point I'll top up with more as long as the rest of the business remains on its current course.

The share price started to drop in Dec 17 on the mention of trouble with the Japan operations which, as was pointed out here, contributed less than 5% of profit. That has since been addressed albeit with some restructuring cost but has been indicated to come back strongly.

Net cash has dropped but that's on the back of the generous dividend and also big investment in laundry which is higher margin and growing fast (80 Revolutions planned for installation each month in H2).

Whilst most understandably associate the company with the photo booths and therefore obsolescence, they are developing these booths to deal with banking etc and revenue did actually grow 1% in the interims so they are still generating heaps of cash.

I doubt Brexit is helping expedite its negotaitions with european governments for passport ID, driving licence applications etc so that may stall.

The other negative in H1 was the PBT drop which they attribute to "reduced B2B revenue and machine sales activity, especially in the UK, where we have suffered from large order lags". Does anyone know what this actually is?

[hawkind] 25/3/2019 12:48

Just the general market mate, I don't think you can look at the drops in share price to specifically in relation to the actual share on days like today. The tide comes in, it brings good and bad companies with, the tide goes out, same principle. I think Photo Me is a good solid company, cash generative and with cash. Innovative as well to explore new areas such as Laundry when the booths maybe becoming obsolete, but the BOD is forward thinking IMHO

[targatarga] 25/3/2019 12:31

Ouch... feels like a profit WARNING coming!

[brucie5] 22/3/2019 15:08

Gosh, this lurches ever downwards. I hold for an income trust and have just been content to let the dividends flow in - now giving over 10%. It's a bit like VOD and SIA, the moment you think it can't get any lower... it does. Question is, what is the news that will revive the story?

[slogsweep] 22/3/2019 14:49

most of the earnings outside UK too -whats not to like?

[justiceforthemany] 21/3/2019 09:19

4.5% interim dividend in 10 days
P/E 8
Net cash.

[knowing] 14/3/2019 13:53

Dividend coming up in a few weeks.

[snadgey] 10/3/2019 20:54

I'm just hoping they can hang on in there until they come up with the teleportation software upgrade...