Photo-me Share Discussion Threads

[mrnumpty] 09/3/2022 22:29

Foolsgold . Thanks . However , I must be honest and state that I have currently sold out of the two other companies which I suggested . I fear that the disruption caused by the removal of Russia and Ukraine from the world economy may disrupt a business like Volex , which needs stability in order to manufacture in various countries for various sectors . However , the pain might already be reflected in the price . On the other hand , as far as I am aware , Kape ( the provider of network security for individuals ) doesn’t manufacture anything and the realisation that Russia is now unambiguously a hostile state must increase the need for protection against hackers . Another share in a quite different sector is CAPD ( Capital Drilling , priced about 90p ) which provides technical services for metals miners , mostly in Africa . It’s fairly cheap , has been buying back its own shares , pays a dividend , is very busy , and is exposed to the increased need to source metals in the Western world . Indeed , given that it is obvious that Russia , a major producer of metals and other raw materials , must now be a pariah state , thus removing this considerable source from the remaining world , I’ve increased my holdings in funds concentrating on metals and oil ( in the hope that I’m not too late to the party ! ) . Similarly , even if , as we all surely hope , Ukraine wins this appalling war , there will be hardly any seeds planted there in a few weeks , meaning that this major producer of grains will be prevented from exporting food for at least this year . I believe Ukraine produces 30% of world grains and 90% of world sunflower oil . This will also affect the cost of farmed meat , poultry and fish , as they are all fed with grains . I’ve thus bought Barings Agriculture Fund . Do your own research . However , it seems to me that , even if by some miracle there should be a cessation of hostilities NOW which would be acceptable to Ukraine , Russia MUST be shunned as a pariah for the indefinite future , and Ukraine wouldn’t be exporting food for at least this year .

[essentialinvestor] 09/3/2022 09:28

Extraordinary situation, did not expect the bid from SC and when it arrived thought
it pretty much game over. Have put this back on a watch list.

[essentialinvestor] 09/3/2022 08:28

pro, you may be underestimating the sharp sell off in many UK listed small cap
stocks during the offer period.

[prokartace] 09/3/2022 08:19

I don't really understand the price weakness today. Everyone could see for days by the take up rate of the offer that it would fail.

[masurenguy] 09/3/2022 07:32

Statement re Lapse of Unrecommended Mandatory Offer

The board of Photo-Me notes the announcement made by Bidco on 8 March that its unrecommended mandatory offer, for the entire issued and to be issued share capital of the Company has lapsed as the Acceptance Condition was not satisfied. Consequently, the Company is now no longer in an offer period. The Company intends to report its results for the 12 months ended 31 October 2021 on 21 March 2022.

[shagedwards] 08/3/2022 09:46

My prediction for annual results , good with an annualised eps of over 8.5p share & a return to dividends (probably just a nominal 1/2p)

[prokartace] 07/3/2022 14:19

price has discounted offer not being accepted so I have just bought more

[foolsgold1] 03/3/2022 18:18

Thanks MrN. I really appreciate your reply which is wise and relevant. As for Mr C’s motivation to waste a morning, this is a very good question and my reply is not going to answer this question but may give you a better insight to the company which is and has been 100% Serge for the past 10 years and nothing has changed despite his age. When you have achieved all he has business can become more of a game / entertainment
or even a drug, trying new things, entertaining the media just throwing something up in the air and seeing where it flies. PMI has gone against so many of its original core business rules over the past 6 years. 1.getting into retail
With ASDA, 2. Getting into vending Perishable vending with orange juice, 2 Acquiring traditional B2B laundry companies. All these and many more examples are against the original solid principals of B2C vending. So why? The only answer I can think of is, what we’re doing is not working as it used to so we need to change and I (Serge) need a change so let’s do something different, he’s adrenaline junky and what better bay to have fun as you turn 80. So all I read on numerous forums and media, I really don’t think anyone, including me and maybe even Serge, has a clue. So I’ll be putting my money into something like you suggested because from where I’m sitting PMI have had their day in the sun.

[masurenguy] 03/3/2022 07:23

Photo-Me International will announce its annual results FYE 31 October 2021 on 21 March 2022.

[mrnumpty] 02/3/2022 14:52

Foolsgold . You have asked for other investment suggestions . Having sold out of Reach very early yesterday , with the newspaper publisher's figures not overwhelming me , I have increased my holdings in the two following companies ( incidentally , Reach's strategy is to increase readers who log in to its news content , which is succeeding , but the majority of the Company still consists of printed newspapers , which is feeling the impact of rising input prices , such as electricity and , maybe , wood pulp ) . The two companies which I've topped in with that cash are as follows :-
1/. Kape Tech , which provides computer security to individual customers , providing them with a VPN ( Virtual Private Network i.e. providing security to protect their devices from being hacked in to in public spaces ) which was growing before lockdown , and it seems that it will be a permanent phenomenon for office staff not to return to work five days a week in an office , so all of those home workers will still need security on their devices , even if they work from home for only a couple of days a week . The recent share drop from about £ 4.20 to about £ 3.20 was because , when the annual figures were released , some directors sold , but the main shareholder , Teddi Sagi , through his investment vehicle increased this already substantial holding . Mr Sagi , some decades ago , had a " chequered " past ( ! ) , but maybe many of us were not the paragons which we now are ! Similarly , Crossrider , the predecessor of Kape , had a questionable time , but i think that both Mr Sagi and Kape now have a respectable means of growing a company selling a useful product . Kape has made various acquisitions in the last few years , which it has successfully integrated . Kape is an Israeli company .
2/. Volex , which produces cable webs for a number of markets , from various sites across the world . Its main markets are : cables to connect to electric cars from the wall socket ; cable assemblies for medical equipment ; wiring assemblies to connect computers in data centres ; cables to connect to white goods ( obviously a basic piece of kit , and I wonder whether , if inflation starts to bite , whether this market will be hit ) ; wiring equipment for defence manufacturers . Volex , too , is an acquisitive company , and its CEO is a Rothschild .
Obviously you need to do greater research than the above , but my impression is that you are sufficiently experienced to do that . Apologies to others here for going off-piste , but Foolsgold deserves a decent reply to an honest question .
Finally , I suspect that the offer by Tibergest to acquire the remaining shares is not serious for two reasons :-
1/. The 75p offer price is hardly above the price which had recently prevailed .
2/. Only a couple of weeks before the news was publicly released about the Offer , Small Company Share Watch , a monthly share tip magazine , made Photo Me its main share " buy " tip of the month . The editor knows the company well , having bought it in the past . However , I cannot see why M Crasniasnskji would spend maybe a morning chatting with the editor of a share tip magazine whilst knowing the Company would soon be taken private . Unless anyone can suggest a clever ruse by M Crasnianski , I cannot see why he would waste a morning of his valuable time if he knew that the shares would soon be removed from the market .

[masurenguy] 02/3/2022 08:10

Just grinding through the mandatory motions automatically triggered by the Tibergest acquisition of 7.70% of Photo-Me's issued share capital from the Dan David Foundation. Deadline for acceptance is now only a week away (March 8) and they will not achieve the required level 50%, which in my view was never on the cards in the first place. Serge Crasnianski has just taken advantage of an opportunity to increase his stake to 36.5% and has not publically shown any real interest in taking this company private during this legally obligatory process.

Tibergest Offer Update

As at 5.00 p.m. on 1 March 2022, Bidco had received valid acceptances of the Offer in respect of a total of 115,678 Photo-Me Shares which Bidco may count towards the satisfaction of the Acceptance Condition, representing approximately 0.03 per cent. of the issued share capital of Photo-Me. As at the close of business on 1 March 2022, Bidco and persons acting in concert with it hold, in aggregate, 138,028,596 Photo-Me Shares (representing 36.51% of the existing issued share capital of Photo-Me). Therefore, taken together with the Photo-Me Shares that it already holds, Bidco and persons acting in concert with it have acquired or agreed to acquire, pursuant to the Offer or otherwise, 138,144,274 Photo-Me Shares (representing 36.54% of the existing issued share capital of Photo-Me).

[nick rubens] 01/3/2022 14:53

How does this mandatory open offer work?
Can we buy on the market today for 72p and sell them to Tibergest for 75p?

[red army] 01/3/2022 14:43

Looks like a no go in which case price will slip with all of the others until we resume normal service.

[digger18] 01/3/2022 12:47

I commented before reading the RNS

[masurenguy] 01/3/2022 07:09

Looks like the mandatory bid will dismally fail and that Serge will end up holding circa 36.5% of the shares. Probably a good deal for him as he has significantly increased his stake and also for all other shareholders who remain along for the ride.

[foolsgold1] 28/2/2022 22:54

Thanks Trev. Amazing how you see it that Way, I’ve never looked for anything for nothing and always given more back than I received. So maybe I am in the wrong group If your attitude is the norm. Somehow I doubt it tho. But thanks for been honest. Your loss!

[joe moat] 28/2/2022 16:09

I can't find the document of the Offer (15 february doc)
Can anybody please copy and past the full docuemnt in the thread,
Thks in advance

[essentialinvestor] 25/2/2022 12:42

trev, there looked to be some interesting prices on offer yesterday,
although if this is the beginning of a new wider bear market, interesting can
quickly begin to look expensive! - hopefully a sharp correction rather than
something more prolonged.

[tradertrev] 25/2/2022 12:28

foolsgold - so reading your two posts you want everyone else to get our there and find all the great investment opportunities you say are out there and then share them with you. Personally, I think you are in the wrong place to educate yourself.

[foolsgold1] 24/2/2022 21:04

Thanks Essential. Entrepreneurs and genius’s like Serge which he is both in buckets do think for reasons we will never know and trying to second guess why someone like this does or doesn’t do something is both impossible to predict or know why. I have always thought he never like the shackles that come with been a PLC never suited his way of doing business. PMI has been and can be again an amazing company. I’ve followed this chat for years without feeling the need to comment. I joined today as I am curious what those that have invested in PMI and have become very attached to for all sound investment reasons will be looking at foe future investment opportunities as I believe there will be some great ones and many heads is better than one so I’d love to hear what others are thinking to replace their PMI shares with. All that did I’m not sure if this is the correct forum for this so please advise if I need to find somewhere else to educate myself.

[essentialinvestor] 24/2/2022 20:23

fool - surprised by SC's move, did not think he would bid for the business
as mentioned.

Well done for selling All your shares higher up - and for joining AFVFN today!.

Good fortune.

[foolsgold1] 24/2/2022 20:05

Some childish comments about who knows PMI better than the other. All really irrelevant. Truth is reading the thread here no one really has a clue what’s going on at the company and my guess (which is very educated) is most working there have no clue either. I got rid of all my shares at the last spike and very happy I did. I’d say there are lots of other opportunities our thee right now so get out and find something a little. More stable and with a decent roadmap and let Serge get on with what he wants da to do.

[essentialinvestor] 24/2/2022 15:14

Walton on Thames before Bookham, but in any case good fortune.

Longer term value in the Revolution laundry b2c business, but still surprised at SC's
bid for the entire company.

[shagedwards] 24/2/2022 12:25

Very good to ask Essential, all I would say is that I visited the Bookham site many times .. that help ?