Photo-me Share Discussion Threads

[pj 1] 02/5/2022 12:55

I am thinking of taking a stake here.

Could anyone point me in the direction of what the R&D costs for the last full year were please

TIA

PJ

[shagedwards] 14/4/2022 08:40

In line with my February post, I am confident of a 8p plus eps with dividends in line (4/5p) 😜 if trading conditions favourable this may be higher.

[masurenguy] 14/4/2022 01:09

Last month.

[ali47fish] 13/4/2022 16:45

when was this fincap forecast published please

[masurenguy] 13/4/2022 15:46

FinnCap are currently forecasting an eps of 8.5p this year and have a price target of 105p.

[targatarga] 11/4/2022 10:44

Volume again... interesting imho

[matthew palmer] 09/4/2022 12:32

Anyone on TECHINVEST, I am wanting to form a group of similar minded people to discuss its views etc and information.

Click my name and send a message.

[essentialinvestor] 30/3/2022 14:08

In past reports PHTM provided more detail on the performance of the Revolution
laundry units, not sure why they have been a tad parsimonious on detail this time.

[masurenguy] 23/3/2022 10:51

jonals - you're correct on the pizza business where their vending machines are either sold or leased to site owners who supply and replenish the consumable. Not certain whether this is also the case for fruit juice, which may be a mixture of corporate and site owner consumable supply.

[jonals] 23/3/2022 09:26

I think food vending is B2B so no inventory management.

[foolsgold1] 23/3/2022 00:04

Totally agree Essential. B2B has never been there strong point right back to their mini lab days. Food vending also has me concerned as inventory management of perishables is challenging and expensive. Photo booths need paper for camera, ink for printer, laundry only need detergent. Long shelf life products.

[essentialinvestor] 22/3/2022 20:32

Positive to see the exit from B2B laundry.

As mentioned over recent years did not see the business rational,
particularly when that CAPEX could have been invested in B2C laundry units.

Will the food business pay off?, I have big doubts on that
but happy to be proven wrong.

[masurenguy] 22/3/2022 15:10

Current price is around the 70p that SC considered to be a bargin when he acquired the Dan David shares in January. He ponied up £20m to buy them, which then triggered the mandatory bid that has now expired. Clearly he expects the shareprice to go much higher than this and the progress reported in yesterdays results explains why he took that view.

[knowing] 22/3/2022 14:00

21-Mar-22 Photo-me International PHTM Canaccord Genuity Buy 70.80p 120.00p 130.00p

[prokartace] 21/3/2022 16:29

Was obviously a required bid because the ownership went over 29.9% so no-one took it seriously. Good day for the share price and lets hope we can get up to fair value at around 90p

[lovewinshatelosses] 21/3/2022 12:08

Looks like it was a good job that the low ball offer was rejected by most holders...

[sailorsam1] 21/3/2022 10:46

Agreed and have bought in

[prokartace] 21/3/2022 10:21

Tks Thorpe

[thorpematt] 21/3/2022 07:54

Yes, ineed they do.

There's some good segmental detail which should please those analyst who are struggling to grasp whether the transition the company is making is succesful or not.

The divi return will also be welcome. PHTM has come throught the pandemic unscathed really. It cut its divi but is now back to profitability and id paying out a yield above 4%. Histrically its payout ratio was very high and so I can see that increasing.

To me it looks like its new segments are doing well and perhaps surprisingly the ohot booths have recovered really well given the backdrop of travel restrictions still in place.

FOr thos that still dont get it, this quote from the statement is what you need to understand: -

"Photo-Me is a unique business. Our business model has proven its strength through the resilience of our performance in the 2021 financial year. Hundreds of millions of people see our machines each day and we benefit from a dominant market position in many of the countries in which we operate, with limited or no competition. We have established and long-standing partnerships with site owners and customers, underpinned by long-term contracts. This gives the Group good revenue visibility and year-on-year recurring revenue streams and provides a significant barrier to potential competitors. We use cash generated from our operations to fund product innovation, to consolidate our offer and to extend our geographic presence. Shareholder value is delivered through growth and dividends."

Bargain price, golden opportunity all IMO

[wapper] 21/3/2022 07:18

Results look pretty good

[onjohn] 16/3/2022 19:42

97p offer ?

[boonkoh] 11/3/2022 09:06

The price will continue to be weak because Serge has been propping it up for over the last two years. Whenever it was weak he would buy.Now he can't just "dip" into the market anymore. He is effectively out unless he wants to make another offer for the Co. And I can't remember the exact rules, but isn't he now not allowed to buy more shares for 6 months, after a failed offer?

[mrnumpty] 10/3/2022 09:08

I have to laugh at my own typing incompetence - a “ dead CAR bounce “ , whereas I meant of course a “ dead CAT bounce “ !

[mrnumpty] 10/3/2022 09:00

Apollo . Thanks . My thoughts are expressed more fluently by Ben Wright , who has an article on page 4 of the Business section of today’s Telegraph . He writes that the increasingly globalised world with vast and highly vulnerable supply chains across the world , an economic model which has been evolving for 30 or 40 years , is abruptly coming to an end . He ponts out how world bodies like the WHO and the UN have failed due to influence by countries like Russia and China ( rather like the League of Nations , in my opinion ) . I am convinced that the world is now shifting to a pattern where countries will become more economically insular and that , indeed , the legacy world order is collapsing . Terrifying stuff . Elsewhere on the same page of the Telegraph , ex-fund manager Tom Stevenson writes that “ … investors will have to rethink their asset allocation . They will need to look to cash [ but isn’t that being eaten away by inflation ? ] , commodities , property , inflation-linked bonds , gold and maybe even bitcoin as the balancing element in their portfolios … “ . With every possible share , I now first ask myself whether they are exposed to global supply chains and / or exposed to shortages of or price inflation in their inputs . I’m afraid that I suspect that this applies to Photo Me , with its plan for more booths and automatic vending machines , which will all require metals and electronics . Commodities dropped a bit yesterday and the main indices rose but , although I hate the term as I am an animal lover , I suspect that was just a “ dead car bounce “ , with momentary moving of funds between asset classes . The world will be unrecognisable from what it was , with raw materials producing Russia and food producing Ukraine removed from a world population which remains just as vast as until a fortnight ago .

[apollocreed1] 10/3/2022 05:24

@mrnumpty- Good points. I'm also in Barings Agriculture and and I think Kape is in an essential sector.