Photo-me Share Discussion Threads

[gleach23] 03/4/2019 14:35

Thanks for that post kmreid...it's good to have some substance to a bearish view.

I can't see them sustaining the dividend @ 10% so imo there is potential for some share price weakness if a reduction is announced with the Final results on 9th July and income seekers exit. The accompanying outlook will be interesting and could add to that weakness.

That said, I remain a holder as I think it remains good long term value at this level and may add after results depending on the outlook. Looks like 75p is support for the moment.

[spectoacc] 03/4/2019 14:30

I'm with @EI - better a lost profit than a loss. Tempted by PHTM, but I want to see either trade turn up, or some end to it turning down. Photo booths seem so...2005.

[essentialinvestor] 03/4/2019 14:25

If you want to talk about Spire, I worked on the BUPA sale to Cinvin in 2007.
My point on Spire Healthcare was they should have accepted the Mediclinic offer,
which I mentioned at the time of the bid, a bid valued at £1.2 billion.

The current Spire market cap, under £550 million.

[essentialinvestor] 03/4/2019 14:14

justiceforthemany3 Apr '19 - 14:11 - 8218 of 8218
0 0 0
You missed on Spire didn't you? 99p to 140p in <3 months.

PHTM has net cash, P/E sub-10, with most of the earnings with 80% profit earned outside the UK.

The CEO holds 85M shares.
Dan David NED holds 46M shares.



Dan David has been dead for years. It's the Dan David Foundation that holds the shares. He passed away in 2011.

[justiceforthemany] 03/4/2019 14:11

You missed on Spire didn't you? 99p to 140p in <3 months.

PHTM has net cash, P/E sub-10, with most of the earnings with 80% profit earned outside the UK.

The CEO holds 85M shares.
Dan David NED holds 46M shares.

[essentialinvestor] 03/4/2019 14:01

Generally cautious as we are 10 years in to a bull market.
If I think risk/reward looks reasonable as recently with ULVR or RB.
then will buy. I also trade small amounts of SKG.

As I no longer work, preservation of capital is more important than 20/30 years ago
when my risk tolerance was much higher.

My caution on PHTM has been more than justified, the share price is Down more than 50% from highs. Let's see what they have to say at the FY. Luck with your holding.

[justiceforthemany] 03/4/2019 13:52

You are seemingly very negative and over-cautious on almost every stock and have been for rather a long time - I wonder do you actually hold any shares in any company?! You may want to change your alias from 'investor' to 'ponderer'.

[kmreid] 03/4/2019 13:14

I have been considering PHTM for some time. It's hard to remain objective with that fat 10% yield staring at you, but IMO there is just too much uncertainty. ATM I am asking myself these questions:

Is the photobooth business model sustainable? The laundry business is growing well, but is there a limit to this growth and where is it? What about restructuring costs in Japan? What about the continued profit warnings? Is the divi sustainable?

ATM, my answer to all of the above is "I don't know".

Yes, they are cash rich, but given their increasing investment in r&d, they will have to fund the divi from their reserves or debt to sustain it. How long can that last?

I've never been one to invest in turnarounds, and I'll be sticking to that strategy and not investing here atm. Good luck to those of you braver than me.

[essentialinvestor] 03/4/2019 12:15

This is the PHTM board, not a general stock discussion.

There is imv a growing longer term challenge to the photo ID business from
the ability to (in many cases) use a mobile phone generated photo for ID purposes.
I highlighted this when the share price was in the 1.60's, not just recently.
You may have a different view and see value.

[justiceforthemany] 03/4/2019 11:33

Are you positive about any stocks EI? Please tell us.

[essentialinvestor] 03/4/2019 09:03

As warnings go it's mild, and not unexpected given the outlook was
couched in 3 provisos, as I previously mentioned.

It's perhaps not not £42 Million to focus on, it's where will guidance be
at the upcoming FY results for the year ahead.

[capercaillie] 03/4/2019 08:55

"This excludes any potential revaluation movements pertaining to the Group's investment in Max Sight Group Holdings."

[knowing] 03/4/2019 08:14

Bought a few for the divi. £42M profit with potential in the pipeline is a steal

[gleach23] 03/4/2019 07:57

Ex-div tomorrow for 3.71p which makes it 4.4% on the interim divi alone based on last night's closing price.

[spectoacc] 03/4/2019 07:54

It's only a c.5% warning, I think the tone of it is more concerning - no longer "2nd half weighting", now it's "..Not before end of current financial year".

And - I'm sorry - but blaming Brexit?? That just sets them up for ridicule. How about thanking Brexit for tanking the £ and making the translation for foreign earnings much better?

[retsius] 03/4/2019 07:53

Profit new estimate £42 m 'at least'

Clears the air on the share now as we know why there has been a steady decline in share price

[techno20] 03/4/2019 07:51

We’ll find out in a few minutes, but think this is already priced in. £42m+ profit, £318m capitalisation. Better than I’d feared.

[gleach23] 03/4/2019 07:42

Yes this warning had been lined up at the Interims with the dreaded 2nd half weighting comment. I'm still confused about what these B2B machine orders actually relate to - can anyone elaborate?

[new life] 03/4/2019 07:27

Suspect it has been, based on far worse warning expected. But we will see. The profit,balance sheet and dividend seem to make it a cheap share unless steep decline expected.

[spectoacc] 03/4/2019 07:15

Blaming Brexit!! You couldn't make it up.

[leadersoffice] 03/4/2019 07:14

After that announcement.a mark down inevitable

[justiceforthemany] 02/4/2019 16:25

£200K buy earlier today.

[retsius] 01/4/2019 13:08

End of year selling seems to have run its course.
Investors now have a juicy yield to look forward to plus an accelerating share price.
Wonder if the stock was shorted heavily, an added bonus now the price is rising.

[retsius] 01/4/2019 11:10

‘I CANN’AE STOP HER CAPTAIN!!!’

[prokartace] 01/4/2019 11:04

stun12,
good timing. Looks like there is buying for the dividend. Ex date is Thursday