Share Name Share Symbol Market Type Share ISIN Share Description
Photo-me International Plc LSE:PHTM London Ordinary Share GB0008481250 ORD 0.5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.60 0.67% 90.10 89.10 90.10 93.70 88.00 93.70 142,993 16:35:28
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Media 228.1 42.6 8.3 10.9 341

Photo-me Share Discussion Threads

Showing 11476 to 11498 of 11575 messages
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DateSubjectAuthorDiscuss
10/12/2019
10:09
2x £1M+ buys.
justiceforthemany
10/12/2019
09:07
FinnCap reiterates a target shareprice of 150p with two other analysts currently indicating targets of 150p and 110p respectively.
masurenguy
10/12/2019
08:00
Interims indicate that they are holding steady and the cash position remains strong. The key here will be the growth that can be achieved through both the laundry and fruit diversifications. At the current shareprice the yield remains above 9% Financial summary -- Revenue was up 3.3% to GBP123.9 million (up 1.8% at constant currency). -- Underlying revenue (excluding Sempa) up 0.4% to GBP120.3 million (down 1.4% at constant currency). -- EBITDA improved by 17.4% to GBP45.9 million. Excluding IFRS16 impact, EBITDA improved by 10.7% to GBP43.3 million. This reflects profit growth through laundry expansion, the acquisition of Sempa and a higher depreciation than in the prior year period. At constant currency, EBITDA was up 8.8%. -- Profit before tax increased by 8.8% to GBP28.3 million and adjusted profit before tax improved 6.7% to GBP28.5 million (up 5.2% at constant currency). Excluding IFRS16 impact, profit before tax increased by 9.2% to GBP28.4 million. -- Net cash position of GBP25.2 million (H1 2019: GBP32.4 million), following the distribution of GBP31.9 million to shareholders in dividend payments, GBP29.3 million in investments and the GBP10.2 million net cash consideration relating to the acquisition of Sempa. -- Interim dividend maintained at 3.71 pence per Ordinary share, in line with the stated dividend policy (H1 2019: 3.71 pence per Ordinary share). Operational summary -- Continued focus on Laundry expansion, with total laundry units deployed (owned, sold and as a result of acquisitions) up 9.1% and total revenue from laundry operation was up 6.9%. -- Revenue from Revolution laundry operations increased by 25.2% and number of Revolution units in operation increased by 13.8%. Revolution now accounts for 6.3% of the total Group vending estate (H1 2019: 5.0%). -- Excluding the UK, Identification revenue increased 0.8%. Including the UK, Identification revenue declined by 3.3% reflecting the challenging market conditions in UK. -- Entry into the fresh fruit and vegetable juice market through the acquisition of Sempa Sarl ("Sempa") which completed in April 2019. In H1 2020, Sempa contributed GBP3.5 million of revenue and GBP1.8 million of profit before tax to the Group. This new business area called 'KIS Food' is expected to contribute GBP3.2 million profit before tax in FY 2020. Serge Crasnianski, CEO, said: "The first half of the year saw robust performance despite a number of challenging headwinds. the Group remains focused on further expanding our Laundry market presence across a number of the core geographies in which we operate and across our product offering, from 24/7 self-service machines and laundrettes to B2B laundry services. Our Identification business remains resilient and looking ahead, we expect to benefit from the introduction of mandatory renewal for ID cards in France from 2021 onwards. Our entry into the food market earlier in the year also provides the Group with a new additional platform for growth and will become an important component of our future growth strategy. The Group remains highly cash generative with GBP41.1 million of cash generated during the period, reflecting EBITDA margin improvement. The Board remains confident that the Group will continue to perform in line with market expectations for the current financial year."
masurenguy
08/12/2019
17:57
Thankyou Thorpmat ,will top up one thinks
2bluelynn
06/12/2019
23:07
Yes it is. Management have stated that it will maintain the dividend of 8.44p for 2020 full year. This is a quote from Fincap's latest 11 page research note:- -------------------------------------------------------------------------------------------------------------------------------------------------------- "Free cash flow covered the dividend cost for the first time since FY 2016 and management has highlighted its intention to again hold the FY 2020 dividend." also: - Operating cash conversion was 145%, supporting a year-end net cash balance of £16.3m (2018: £26.7m) post a £31.9m dividend cost and a £13.5m acquisition cost.  As expected, the dividend was held at 8.44p.  Management has commented that looking ahead it will continue to drive profitability through the group’s estate and new product innovation. The recent entry into the fresh fruit and vegetable equipment market through the acquisition of Sempa provides a platform to further diversify the product offering and management remains confident for the future.  The Board expects to again maintain the dividend in FY 2020. ------------------------------------------------------------------------------------------------------------------------------------------------------ Essentially the FCF to dividend ratio has already bottomed out. That principle, coupled with the recent acquisition-spend would normally indicate net debt. But despite those two coincidences the company still has net cash. So in summary yes 2020 = 10% yield.
thorpematt
06/12/2019
16:19
So looking at the share price is the dividend giving about 10% return base on share price of 84pence . Thanks in advance
2bluelynn
06/12/2019
15:31
Well based on current valuation I confer with the Brokers that this is looking undervalued.
galaxy enforcer
02/12/2019
13:32
Last trading update read "Trading has been in line with expectation." Now the lowering of dividend will only become necessary, if the overall earning has reduced. The earning from UK photo-booth business has been affected but the overall earning has not been reduced.
azaman
02/12/2019
13:01
Cashflow per share is around 15p, so dividend well covered in this respect. We'll find out next week how things have fared and, more importantly, the outlook statement. All the best
snadgey
02/12/2019
00:24
Ordinarily I might concur but historically the payout ratio has always been high for PHTM. It's high net margin, ROE and ROCE ensure a very strong ability to payout cash. In the last decade the ratio has never been above x2 and generally speaking between 1.4 and 1.8 In the past 5 years the rise in dividend % has been : +25.0 +30.1 +20.1 +20.0 +20.1 Importantly it's this consistent hike in divi which has led to this year's ratio being so poor. Despite this the company still shows a net cash of £15m and so a with brokers forecasts showing a return to growth in revenues for next year and beyond I see no reason to believe a cut is necessary or likley.
thorpematt
01/12/2019
21:49
Dividend cover below 1, company likely to cut dividend
smith99
12/11/2019
08:45
Snadgey good summary - whats not to like. have held these for 16 years and added on dips, not sold many as divis (remember the old specials) have returned virtually all my cash and now have a cracking tax free income stream (via ISA) which exceeds my pension. they are my third most profitable investments after AHT and BOO, love 'em to bits
slogsweep
05/11/2019
09:42
I agree. This could be a value trap as the IC recently commented with their sell recommendation. But I think not. The company is still generating increasing amounts of cash - compare cashflow per share with EPS to see that the important "cash is king" figure is being maintained and increasing despite current headwinds. That cash is being deployed into areas which generate higher levels of cash than the core photobooths - laundry (over 50% margins) and fresh juice (est 37% margin). Laundry is currently picking up the slack from drop in photobooths numbers. Although many are critical of the move into fruit juice and "food" sector, this seems to me to be a good fit with what they do. The market appears large, and as they state, there is little competition. Japan appears back on an even keel and again growing despite the My Number failing to move forward. Even photobooths appear to be back in growth mode here. They state the B2B side of laundry is improving slowly and is expected to be in profit. Still can't understand why they entered this market but hey! FWIW Fincap upped their earnings estimates on the acquisition of Sempa, "in line" statement should refer to earnings growth resuming, and, more importantly, dividend at least maintained. All the best
snadgey
05/11/2019
08:47
I have bought back in again today having held this for a profit in the past. It is a very solid business with good numbers. The PE is around 10, most of the profits are returned as a dividend and there is net cash on the balance sheet. There is the good chance of future growth, and the share price does not reflect this.
rcturner2
29/10/2019
10:19
Pretty good overview of the TS highlighting a lot of potential growth markets. Https://www.sharecast.com/news/news-and-announcements/photo-me-confident-despite-struggles-in-uk-market--7095314.html
knowing
29/10/2019
08:52
Re post #8429 "I recently renewed my 10 year driving licence. You can now do this online and they allow you to quote your UK passport number so the government takes the image from your passport photo and puts it onto your driving licence. A sign of a further drop in demand for UK photo booths." It is not quite as simple as that. While that might apply to transferring photo-images that they already hold for another ID requirement such as driving license renewal, the initial capture is now containing more biometric data, which the booths are set up to obtain and that gives them an edge over other alternative options. Consequently there is still growth in this market, both in the UK and elsewhere. In addition to traditional 2D photo identification services, we have cutting edge technologies that offer governments secure integrated solutions, including biometric data capture, secure and direct transfer of data to government servers and 3D facial image capture via our photobooths. We work closely with national institutions to fully understand government standards and security requirements. To date, our government ID security solutions have been successfully deployed in the United Kingdom, France, Switzerland, Germany, China, Japan, Georgia and the Republic of Ireland. PHTM website
masurenguy
29/10/2019
08:34
Totally agree about the infrastructure that can service. And that's why diversifying into the juice vending market isn't a strange idea for Photo-Me, they have the ability to service those extra machines for little extra cost. But equally that means that selling off parts of the business (say, laundry) isn't so easy as they wouldn't sell off a part of the service side with, say, the laundry business.
revoman
29/10/2019
08:33
Lets not forget the outstanding yield that we receive,,,,,,not to be sniffed at in these rocky times :-)
cheshire man
29/10/2019
08:21
And maintain 12,000 laundermats This is a division which can be switched into any mobile service model. It's a very valuable element to its portfolio and with the growth of self serve and automats this could be the driver for a bid
ch1ck
29/10/2019
08:18
Someone loves the stock it's powering up today.I think the name will change in time but not just yetThe board impressed me with their decision to trial the vending machines and analyse the figures before committing resources and cash.Let's not underestimate the power of having an infrastructure that can service
ch1ck
28/10/2019
13:55
As a holder of this share for a number of years my once notable paper profit is now a notable paper loss. I still have conviction in the share by looking to laundry and fruit/food for the areas of growth. From personal experience in the last month I can relate 2 things about the changing tide of PHTM: - I recently renewed my 10 year driving licence. You can now do this online and they allow you to quote your UK passport number so the government takes the image from your passport photo and puts it onto your driving licence. A sign of a further drop in demand for UK photo booths. - on a more positive note, in the last month I've seen the Photo Me laundry units installed at my local Morrisons in East Yorkshire. (I've not seen any in use yet but then again I don't walk past it that often.)
wildshot
28/10/2019
13:32
The unfortunate aspect to the diversification is that it is in an industry that is not considered a growth industry and therefore the market perceives that the shares trade on the low PER ratings that other companies in that industry trade on
prokartace
28/10/2019
12:36
Is PHTM attempting to diversify in to too many areas?. B2C laundry looks compelling, B2B far less so, why are they in that segment?. Then came fresh juices and the latest idea, food. This requires excellent execution in multiple areas.
essentialinvestor
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