Photo-me Share Discussion Threads

[bouleversee] 22/1/2021 12:47

Some evidently thought it a buying opportunity. That's the problem with stop losses.

[clarea] 22/1/2021 12:28

The dreaded delay in publishing accounts just announced,now through my stop loss so time to say goodbye

[jsforum] 21/1/2021 15:42

If private equity is interested then there must be a viable business

[boonkoh] 30/12/2020 16:37

Interesting chairman has stopped buying. Even after trading update.Either he now thinks current price is too high. Or he is negotiating with third parties for a potential management buyout, in which case he's prevented from dealing.

[clarea] 09/12/2020 09:24

I thought a statement was due around now, it was never going to look pretty given state of world and line of work they are in, but they have just eaked out a profit and have cash on the books so okay for the medium term. Most of the major holders have been reducing stakes but the counter is obviously Serge buying shed loads and Motefiore the private equity company have been spending millions buying stock also.

[balcony] 09/12/2020 08:58

Looks like this mornings opening was the low.

[alphabeta4] 09/12/2020 08:56

Added but I wish I'd been brave enough to get 51p. I'm normally a growth investor but have been looking at a few value opportunities where the businesses were good net cash generators pre pandemic. IMHO BOWL is also a potential good one (usual DYOR etc).

[masurenguy] 09/12/2020 07:47

Fair comment jojaken. The shareprice will almost certainly take a short term hit but they have a decent balance sheet. It appears that they have also implemented a sensible restructuring programme to enhance their prospects next year when things should gradually start to return to some seasonal semblance of normality in the Spring and with the accelerated distribution of the vaccines.

[alphabeta4] 09/12/2020 07:47

Each to their own but this gives me what I wanted - I'm in this for the recovery. £3.4m pbt pre £7m exceptionals (non-cash) for the 6 months and £14m net cash increase vs 30/4 tell me they are more than capable of coming through. I also think people are missing a trick - there's going to be lots of people who didn't renew their passports this year as they had no need to (including my Mrs). I wouldn't be surprised to see a jump in Photobooth revenue when this is all over.

[jojaken] 09/12/2020 07:32

John read the results carefully. These results were significantly better than I had been expecting. Most importantly they are reassuring that they have sufficient funds going forward and will even be cash flow positive.

[john09] 09/12/2020 07:02

Ooo what a mess. Watch the owner take this for free

[clarea] 07/12/2020 18:02

Must be the site I'm using on the stock report it had interims down as today but anyway thanks for the steer

[masurenguy] 07/12/2020 16:23

Where on earth does that come from ? Interims were published 5 months ago on the 7th July. The FY end was on 31 October and the annual results are due to be published in February 2021.

[clarea] 07/12/2020 16:09

I thought interim results were due out today ?

[aringadingding] 07/12/2020 14:14

I must confess after a positive rant a while ago that I have sold out of this. The photobooths may be sold off, they may be re-purposed or used for more high tech applications, it remains to be seen so for me that is a risk. Then there is the sempa acquisition... I mean hypothetically it is possible that every hotel and supermarket in the UK buys a pineapple juicing, orange juicing machine, from PHTM and they do the servicing also, but, I prefer to buy into established businesses with growth opportunities, and do that at good valuations so this seems to be missing the established element for me now.

[masurenguy] 07/12/2020 13:31

As previously indicated, increasing security and government analytical requirements will subsequently regenerate the photo-booth business once COVID19 is behind us. A passport photograph can be set to incorporate specific biometric data which cannot be captured by a photograph taken on a mobile phone.

[bouleversee] 07/12/2020 11:48

Yes, Gove was denying there would be any last week but at the weekend they were talking as if they would happen. Remains to be seen. Now that everyone (except me)has a smartphone or knows someone who has one, I can't see people rushing to a photo-booth tbh.

[knowing] 07/12/2020 11:16

bouleversee yes I saw that as well. Lot's of conflicting news though

[masurenguy] 07/12/2020 09:52

tryone2 - 8798: "Yeah Masurenguy you may be right on shareholders but who owns Dan David Foundation?"

It's a family foundation based in Liechtenstein. Dan David was the original pioneer in the development of photo-booths and he met up with Serge at some point in the past who helped to finance their development. Dan David died a few years ago but his family still control his foundation. The 8.6% that they hold, even if it was combined with the holding that Serge currently has, would still not enable him to take this company private on a low ball basis. This cannot happen without the agreement of the other 4 main institutional shareholders who collectively own just under 45%.

[bouleversee] 07/12/2020 09:49

I read that De la Rue were in discussions with govt. about those. Another holding I am losing a packet on.

[knowing] 07/12/2020 09:41

I was thinking, and yes it hurt, PHTM were involved in discussions regarding national ID cards some time back. Would they have an appetite for Vaccination Passports?

[tryone2] 07/12/2020 09:34

Yeah Masurenguy you may be right on shareholders but who owns Dan David Foundation?