Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
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If it brings as an uplift like today then, yes, perhaps you should!, lol. Thought it was my prerogative to speak tosh!, only I normally drag it out for longer!. Regards CM
That was an unexpectedly decent opening price, perhaps I should stay up late and write tosh on here more often. D.
on here now guess we all have to be patient till next trading update. I was just re- reading last years AGM results and noted that a share buyback program was approved I certainly have not seen any evidence of a buyback, I could be wrong I usually am. I'm not a lover of buyback but maybe if they introduce one along with a good set of trading figures confidence could be restored here eventually. D.
The danger is the rest of Europe follows suit and the profits could be hit a lot harder. I had a look in the company report and could not find a breakdown of profit by revenue stream. I could be wrong as they have their fingers in a lot of pies, and the revolution washing machines has worked very well across Europe and starting to develop well in the Uk now
Lets hope so Wizard. No doubt the madness will just move somewhere else. I could see Domino's Pizza being the next share to bomb if the Sunday Papers come out with a daft story along the lines of. Pizza company's share price bomb after Mail on Sunday reports Pizza's can be made at home. D.
the comeback is under way. i expect it will be slow and steady . . . until the update.
I see that crazy opening price never shook free any cheap shares for mm's. D.
Worried and undecided by the reaction to media reports concerning PHTM. Maybe there's just one thing you need to know to help you decide. Quite simply it's this - PHOTO-ME’s UK photo booths only account for an estimated 5% of group profit! So a decline in income from this area of the business won't have a major impact! There, that's it. If you closed every single photo booth that would only lose 5% of group profit. In an otherwise good trading year would you even detect it? You might have to have that missing 5% pointed out to you. Just 5% only. AND that's assuming every single booth was mothballed never to e seen again! Okay here's the full version from this week's Shares Magazine, out today: Title: Photo-Me blinded by mobile threat to earnings Sub header: Any-hit-to-profit-unlikely-to-be-as-bad-as-implied-by-share-price-collapse One fifth of Photo-Me International’s (PHTM) market value was wiped off at the start of the week following news that the Home Office will accept photos taken on mobile phones for passports. Investors assumed this would render Photo-Me’s UK fleet of photo booths as worthless. The company replied by saying it believed accepting photos from mobile phones for official documents was ‘incompatible with developing security requirements’. Analyst Simon Davies of investment bank Canaccord Genuity remains a fan of Photo-Me, saying share price weakness is a buying opportunity. ‘The UK is trialling potential changes to passport applications, potentially allowing adults aged over 26 to use mobile photos to renew their passport, but only if the photos are of the requisite standard (set by ICAO and ISO), something which is very hard to achieve,’ he comments. PHOTO-ME’s UK PHOTO BOOTHS ONLY ACCOUNT FOR AN ESTIMATED 5% OF GROUP PROFIT, SO A DECLINE IN INCOME FROM THIS AREA OF THE BUSINESS WOULDN’T HAVE A MAJOR IMPACT. Davies notes Europe is shifting towards more sophisticated security photos including 3D imaging and iris scanning. Therefore he believes there is a chance the UK Passport Office could rethink its stance towards pictures from phones. Ends.
I want to sell up way before end Feb and get into EZJ so fingers crossed for a premature update!
Yes, for two years running there's been a trading update on exactly the same published date of 26th February for each year. In the year before that, it was the first week in March. So be in a highly expectant mood from the final days of February onwards, if they haven't already been released before then, due to last weekend's press speculation. Last update reported that trading results would be, quote : "greater than market expectations". Take into account that those who preferred to take their own passport photos have already been doing so for years and yet despite that, the guidance is to expect results greater than market expectations.
there was a quarterly trading update last year on 28th February. So would expect one around that time this year as well. With the current state of the share price you'd imagine it would be sooner rather than later!!!!!!! D.
Does anyone know when PHTM have their next scheduled Trading Update or Results RNS? Cheers.
And thank you in return Chequemate, for posting that review in full. All holders can do - is solicit as many views as possible as this is nothing to do with current (or forecast) fundamentals. In fact there’s nothing ‘wrong’ with the fundamentals - it’s all about guessing the future of a main constituent part of the company. Harder than it first appears. Easy to conclude the digital online future will impact passport photo booths badly in the UK. Sounds a reasonable forecast, huh? But will it for absolutely sure? - Definitely? I just don’t know. Consider: The digital future was supposed to consign records/LP’s to history. Virtually everyone agreed it would. But look at the latest sales figures for LP’s - now outselling digital downloads and discs - the whole lot! Official. Who’d have thought it, when everyone was all CD mad, then downloading mad, and everyone was throwing out their LP collections as not fit for purpose in the new digital landscape? If a similar question was asked in the late 1980’s about what would be the greatest growth sector for the next 20 to 30 years as regards share price growth - a lot would plump for a very reasonable and “obvious” technology sector - only to get destroyed in the dot.com 2000 bubble crash. Engineering then? Nope. Back then (1989/1990) virtually 99.9% would have laughed had you said the greatest growth sector in SP growth for the next 20 to 30 years will be old fashioned, totally unhealthy and getting regulated out of existence - tobacco stocks - which it was - and also the greatest SP growth sector in that time bar none. Not hundreds - but thousands of percent up! So much for reasonable & intelligent “it’s obvious” forecasting. Bit like it was “obvious” Trump would lose, or economists predicting we would all be in the poor house straight after the Brexit vote. (Still might - but the economists were ”certain” the economy would crater immediately in 2016 - when all figures subsequently showed the economists forecasts to be catastrophically incorrect). As a result I’ve read since, that the economist’s profession is in a state crisis because so much of their forecasting, was so wrong. Experts can’t help here. Ordinary man-in-the-street can’t help either. So instead I’m judging the management’s track record (the CEO’s ability in this instance) to maybe pull off some kind of tobacco/LP‘s-is-dead reversal in PHTM’s chosen fields of operation, should photo booths go the way of the Dodo. In the meantime the divi is a very consoling, above the market average, of 3.9% And I’m nothing if not, first and foremost a divi man by choice. - And I still have no idea what the future will hold for photo booths.
Average number of trades and volume just slightly greater than normal today. Now if only ' Serge ' would buy another 5 million tickets a speedy recovery would be on the cards !!!! I could have understood the panic if we were doing business only in the UK but PHTM operate near enough the same profitable business in 17 different countries and I seriously doubt that selfies taken with a sheet pinned to the wall are ever going to be universally accepted as official proof of identity by many world wide goverment agencies. D
Last link didn't work, lets see if this does: "Hello Share Gobblers. Uncle Tom has said that Photo-Me (PHTM) is my favourite share. This is no longer quite true, but I do have a lot of faith (and money) wrapped up in the stock. However, the share price has taken a knock this week. And the reason seems to be a press story about the type of photos required for security purposes. In response, the share price of Photo-Me, which supplies and operates those little selfie booths you find in shopping centres and bus and rail stations, took a dive and are now about 9% off. You would expect me to say - and I do - that this represents a buying opportunity. Though I won’t be putting my hand in my own pocket, as I already hold more than my personal ‘don’t over do it’ policies allow. The company has quickly responded to the battered share price. It says the outfit is already in talks with the British passport office to equip its booths in Britain to a (presumably higher) French standard. Photo-Me also claims that photos taken on your mobile phone will be ‘incompatible’ with security requirements, whereas its latest technology makes its pics the most secure available for id purposes. One reason why I am not rushing to sell some of my stock is that the Photo-Me’s chief executive Serge Difficult-to-spell-surname put his hand in his pocket to buy himself a Christmas present of 4.9 million shares shares at about 57p a pop. Would he have done that if the shares were likely to hit the skids? Only if he was raving mad, and all the indicators are that this is a shrewd cookie indeed. So once this bit of a set-back has passed, I expect the shares to continue their usual upward path." Think it should read 4.9 million shares at around 157p not 57p. Good luck and regardss CM
Found this this evening from ************* (hope the link works), sorry if it doesn't http://www.*************.com/views/26718/photome-s-shares-are-under-developed-after-press-scare Regards CM
You could have done worse if you held the Corleone Group. BuT I think here it is just the sentiment and the markets are jittery. Partly this damn european thing and Humpty Trumpty..Going to hold for time being and just keep my eye on it..
Velo - thanks for the article; very interesting. It seems sentiment has temporarily turned for PHTM. I have seen this happen to another of my holdings, GBG, which reading the fundamentals would seem unfounded. The share price fell from over 300p to not much above 200p but it has recovered. Value will out as some would say. I am trusting this is the case here and that the share price will recover in the same way. I only have 1000 shares here, so 1p fall/rise equals £10 in real terms, not massive. That said I am not one for sitting in a share for ever and will if I deem necessary sell up and move on. I could have invested more in the first instance, but like to hold back to see how my investment is going so that if I feel it is going well I will invest further, usually averaging up. I think yesterdays news is still working its way through as such things do. Good luck all Regards CM
I don't understand why the sells are outweighing the buys. Yesterday's news was clearly unfounded and I for one expected a rise today. If news arises that they secure the French deal in the UK this will fly so why the selling?
The pros and cons also well summed up here - http://www.damiancannon.com/blog/photo-me-international-in-a-supermarket-near-you/
Good evening folks. Just found this on stockopedia from today: http://www.stockopedia.com/content/small-cap-value-report-23-jan-2017-flo-sthr-ppb-phtm-bms-168181/ I think there is little for me to add to posts made today. I would agree with what was said about the Directors Dealings, showing large buys last month at a price of around 157p, plus the very positive RNS with the latest trading update, the reason why I bought in. Today just shows what can happen, what can come completely out of the blue. No 2 ways about it; today has been a huge disappointment but these things happen and who said investing was easy; if it was none of us would be here. I still feel overall positively about PHTM. Very often these things blow over. There has been no indication of any profit warning, fundamentals seem to remain intact. Lets see what happens from here Regards and good luck all CM
1558 trades today, that's almost eight times the 20 day daily average. I wonder how many of them were stop losses, don't use them myself I've been burned in the past. I hope most of the regulars on here were in a position to average down on the slide. I'm thinking the latest trading update might be out a bit sooner than expected !!!!! Lets see what tomorrow brings. D.
If your getting the suspended or de-listed message don't panic I'm getting that message on the HSBA board. Now that would be a bad day on the market. D.
RNS basically saying that the smartphone option a no-go security wise. . . . The Company believes its latest technology represents a major growth opportunity as the most secure photo ID solutions available and that accepting photos from mobile phones for official documents is incompatible with developing security requirements. Photo-Me's solutions have been adopted by ANTS (Agence Nationale des Titres Sécurisés, a national agency linked to the French Ministry of Transport and issuing secured official personal documents) as well as by the Ministry of Foreign Affairs and Trade in the Republic of Ireland where trials are underway for photobooth secure online passport applications. Furthermore, it is currently in ongoing discussions with Her Majesty's Passport Office in order to equip its photobooths in the United Kingdom with the technology used in France.