Photo-me Share Discussion Threads

[thorpematt] 13/7/2020 11:56

Interesting. Operating strategy is clearly where the whole company hinges right now. So COO leaving indicates a disagreement for sure. Might have to wait and see for a bit longer here?

[slogsweep] 13/7/2020 10:38

Obviously a falling out with Mergui getting sacked. Happy Serge at the helm again.

[targatarga] 13/7/2020 10:19

I think it's going to get messy!

[masurenguy] 09/7/2020 08:02

FPCI Montefiore Investment IV, a Paris based fund, added 3.2m shares to increase their stake to 5.0%.

[ross k] 16/6/2020 12:02

It's been steady buying of late, makes sense the announcement

[ali47fish] 16/6/2020 11:18

FPCI Montefiore Investment IV invests 3pc from zero

[essentialinvestor] 13/6/2020 15:08

Net cash balances reduced to £8 million at the 30/04/2020.

"...Since the period end, total Group revenue has remained at the lower levels seen in March and April..."

Next update on cash will be interesting.

Does PHTM have an operations director on the BOD currently?, if not, there is an argument for the creation of this role.

[essentialinvestor] 13/6/2020 14:27

The central issue here is how quickly PHTM can replace their photo ID revenues
by growing additional revenue streams such as B2C laundry.

I flagged up here over 4 years ago the rapidly growing use of mobile phones to take passport
photo ID in the UK.

Only surprise was it did not significantly impact their UK photo booth business sooner.

Huge net cash balances just a few years ago.

[qvg] 13/6/2020 14:04

Medium term i agree with you Masurenguy, but the big question is when? Any views?

[masurenguy] 13/6/2020 09:54

Increasing security and analytical government requirements will subsequently regenerate the UK photo-booth business since they can be set up to incorporate specific biometric data which cannot be captured by a photograph taken on a mobile phone.

[morgoth1] 12/6/2020 16:30

I disagree Photobooth buisness in the UK is declining
but is still a cash cow elsewhere.
They are investing in other areas and i see great scope in the
fruit juice buisness.
IMHO this will look very good in a years time.

[kmreid] 11/6/2020 22:01

This company is looking like the next Blockbuster. Their business model doesn't make sense anymore. Maybe the laundry and vending businesses can save them, but who knows.

[s34icknote] 10/6/2020 17:35

Yes a bit bizarre . I bailed out !Will put on watch list !Sicknote

[jojaken] 10/6/2020 08:26

Bizarre update. A kitchen-sinker with notable omissions.

[yf23_1] 10/6/2020 08:24

Fairly predictable update, nice to see some restructuring of UK ops will be forthcoming.

[bobbybullet] 10/6/2020 08:18

Initial big fall then some resistance! Could directors be buying again?

[sux_2bu] 10/6/2020 07:52

"The Government's policy to accept photos taken at home for passport identification, has taken a significant part of Photo-Me's market share for ID photos"


Said this weeks ago. Mobile phone cameras are outstanding nowadays.

The company is being squeezed tighter every year.

[morgoth1] 10/6/2020 07:51

Looks ok to me this year was always going to be a
a bad one.

[sux_2bu] 10/6/2020 07:48

Red day probably in store.

[bobbybullet] 10/6/2020 07:46

Well financed, no need to raise cash through placing. BOD reasonably confident revenues will return.

[simba_] 10/6/2020 07:44

Nasty but mostly expected?

[gleach23] 09/6/2020 18:52

Good call BobbyBullet - I forget to check the website as it always used to be hit n miss as to whether they updated it. Thanks

[bobbybullet] 09/6/2020 18:39

Trading update tomorrow!Should give a nice lift on some attention

[yf23_1] 05/6/2020 23:41

Well, thats the first time they don't drop in the last 10 mins!