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
  0.10 0.11% 92.70 92.60 93.30 95.00 92.90 93.50 171,024 16:35:21
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Media 228.1 42.6 8.3 11.2 350

Photo-me Share Discussion Threads

Showing 11501 to 11524 of 11575 messages
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DateSubjectAuthorDiscuss
12/12/2019
13:29
Photo-Me, the instant-service equipment group, was notified on 11 December 2019 that Tibergest PTE LTD, an entity closely associated with Mr Serge Crasnianski, Chief Executive Officer and Deputy Chairman of Photo-Me, bought 1,160,000 ordinary shares of 0.5p each ("Ordinary Shares") at a price of 89.98 pence per Ordinary Share on 10 December 2019.
knowing
11/12/2019
08:08
Masurenguy, I agree with your view
qvg
11/12/2019
07:43
"there could be upside if Govts require psychometric details, which could possibly be designed into PHTM's booths in future?" That is almost a racing certainty for a whole variety of reasons and this should sustain the photo-booth market for years to come until, or unless, alternative options emerge !
masurenguy
11/12/2019
07:31
Paul Scott's view on Stockopedia: Photo-Me International (LON:PHTM) Share price: 90p (up 4% today, at 16:19) No. shares: 378.0m Market cap: £340.2m Interim results Photo-Me International plc (PHTM.L), the instant-service equipment group, announces its results for the six months ended 31 October 2019. We're presented with a long table of options in terms of profit. Note how IFRS 16 has complicated matters, by distorting EBITDA. So both measures are given, before and after its impact. Although IFRS 16 has had little impact on profit. I'm happy to focus on the adjusted EPS of 6.0p, up a useful 9.1% on H1 LY. Adjustments are so minor, they're not worth detailing here. H1 is the seasonally stronger half, so we cannot just double that to arrive at a full year figure, because that would be overly optimistic. Dividends are what this stock is all about. The 3.7p interim payout is held. The full year yield is 9.8% - remarkable! Outlook - note the focus on its launderette machines, which seems to be growing well; The Group remains focused on its strategy to further diversify its product offering both organically through innovation, and through smaller bolt-on acquisitions. Expansion of Laundry, particularly in new markets such as Germany, Austria and Switzerland, remains a key priority, including increasing the Group's presence in the B2B and the laundrette markets, which continue to represent a material opportunity for the Group. Looking ahead, this business area will continue to account for an increasing proportion of the Group's total revenue in the medium term. KIS Food is an important component of the Group's future growth strategy and we will continue to progress with the development and rollout of the offer in this business area. Our initial focus will remain within French supermarkets, whilst the Group looks to expand into other Pan-European geographies in the future. Whilst consumer uncertainty continues to weigh on our business in the UK, we remain confident that the Group will continue to perform well during the coming period, and in line with market expectations, in the current financial year. Valuation - the forecast for this year FY 04/2020 is 9.77p adj EPS - for a PER of 9.2 - great value for such a cash generative business. Balance sheet - looks fine to me. As noted last year at this time, it perplexes me as to why PHTM has a large cash balance of £84.8m, and bank debt of £60.2m. This seems inefficient, in terms of interest cost. Maybe there are seasonal peaks & troughs which see the cash figure drop a lot lower than on the balance sheet dates? 5defcc58c177dPHTM_net_cash.PNG My opinion - these are good figures, and full year performance is confirmed to be in line. Why is this share so cheap? In a low interest rate environment, a PER of below 10 seems a bargain. The problem, I imagine, is that the market sees risk that the traditional photo-booths might become obsolete. E.g. in the UK, the public can now take their own smartphone photos for passports, instead of using a photo-booth. Or, there could be upside if Govts require psychometric details, which could possibly be designed into PHTM's booths in future? Who knows. If you get the correct answer to this quandary, then you would be likely to either do well on this share, or avoid a dud. I don't know which it will be unfortunately, as predicting the future is difficult to do. I'm leaning towards seeing this share as a bargain, as it has various strings to its bow, not just passport photos. Stockopedia agrees, with "Super Stock" classification, and a lovely StockRank;
rcturner2
10/12/2019
18:20
the revenue's growth rate per (revolution )unit is 6%. not bad
joe moat
10/12/2019
17:31
Becoming a bit of a cash cow.
knowing
10/12/2019
17:24
Wow, £1.8m profit on £3.5m revenue for Sempa. That sounds good.
yf23_1
10/12/2019
16:54
Schroders adding; holding 13% now.
justiceforthemany
10/12/2019
13:09
Income stock for me so happy to hold on this morning results :-)
cheshire man
10/12/2019
12:20
I have been holding for years, good cash generator, progress with the laundry expansion etc. Decent divi payments wake me up a couple of times a year. May get a bounce if Boris gets his expected, comfortable majority, we will see Friday am, most people sitting on the fence until the GE result is known. GLA long term holders
ny boy
10/12/2019
11:59
The institutional buyer has woken up.
azaman
10/12/2019
10:41
If EPS of 6p can be repeated in H2 at 6p we are looking at a P/E of just 7.5 here currently and a yield approx 10%. They would be better off selling the UK photo booth business.
justiceforthemany
10/12/2019
10:26
Just to complete the above story : bought at 90p
azaman
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
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