Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
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Nice to be on the right side of a positive RNS, with an appropriate rise
From the June trading update. . . The results from the units in operation in France, Ireland and Portugal remain extremely encouraging with takings during the period averaging €1,282 per unit per month across the operating estate. For the full year, the turnover of the entire laundry business units was £11.8m (including a contribution of £1.2m from Fowler(UK)) (2015: £6.3m), which has more than trebled since 2014. Laundries represented 13% of total turnover in France, 47% in Ireland and 52% in Portugal.
forgive the cheesie title, Laundry is extremely profitable. In 2015 it accounted for 40% of revenue in Portugal and Ireland. While these countries are not the main business areas it demonstrates the potential, Since then the Revolution Assembly lines have been ramped up to well over 100 units a month. Considering the average payback is less than 2 years, this is a great space to be in. The Fowler acquisition and the smaller Revolution units that negate the need for planning permission should further accelerate revenues
PE Ratio (f) 16.8 PEG Ratio (f) 2.87 If this share price is to increase, how far do we think these numbers can realistically be stretched?
Does anyone know how big the laundry business is now? what sort of %ge of turnover it is?
The censorship does not recognize the charactor. Wonder what it makes of rubbing a lamp..
Really remain very optimistic here and doubled my holding. Just hope we don't all end up with buttons!!
I agree Johnny, although I read the 192% increase in laundry from the AGM statement as nearly tripling rather than doubling - even better! The only concern is depreciation, although if laundry continues at the current growth rate, then there will be a re-rating in SP for sure.
decent summary Johnny. @ Nokki, I agree with you 190/200p is a much fairer price for this ahare and we were heading there. however the less than perfect roll out of the Japan ID card has us back here. we had news of it flying ahead and then of no profit to be booked this year from Japan. I will be watching the results very closely on 9th December or whenever the date is. it could be top up or double the position time!
While the SP is not at its peak, I'm happy with the progress. Laundry is profitable and growing, revenues doubling this year. The 3D photo booth business plan is starting to roll out with the French Driving Licence bureau showcasing the concept which is cost free to government organisations adopting it. If you think security is not a growth market then you might disagree. We have a strong balance sheet, tasty dividends, and are highly cash generative. The expansion is self funded and we are debt free. Any dissenters are welcome to take a punt on AIM but I am proud to have PHTM in my portfolio
True enough, but 200p would be nice
Share has gone nowhere in 2 years, despite supposedly good fundamentals. It is trying my patience at the moment, funds could be elsewhere.
Like this company because it collects income in pounds, euro's and yen... The last rns was really bullish and promising..Back in again for the medium term..
Pressure on SP to rise with those large buys coming in at todays top end of the range, very encouraging indeed
This was a great update and cant wait until we get more detail at the next update.
RNS in full . . . The Group is pleased to report that good progress is being made in the year to date. Turnover in the first four months improved by 18% and pretax profits were 14% higher compared to the same period last year, reflecting the investment programme and favorable currency movements. Overall, the photobooth and laundry businesses are performing well. PMI has successfully rolled out the ANTS upgrade of all photobooths in France to enable the transmission of data directly from the point of capture to the administration databases. The Laundry business has made significant progress with turnover increasing by 192% in the first four months compared with the same period last year, due to both the increased number of machines and revenue per machine. The Group is now accelerating its expansion in the town centres through the roll-out of its new laundry shops concept, in particular in France, Belgium and Spain. The Group also currently expects the recently announced acquisition of the Asda units to be completing around the end of this month. The Group's cash generation remains very strong, trending ahead of last year's performance and this continues to support our progressive dividend policy. The Board remains confident in the business performance for the year and a further update on trading and outlook will be provided at the time of Photo-Me's half-year results announcement in December 2016.
the rest of the RNS was good as well with 192% increase in turnover in their Laundry business. Finnacord have re-iterated their price target of 185nas well. All good, happy to hold
14% increase in profits and continued growth plus an ever increasing dividend :)
Should get a statement then also. It will hopefully make better reading than the current SP................
agree with you JD. however i see next update is mid december (from sharescope). if i remember rightly this stock dips heavily between updates.
DOWN..........very strange as I'd expect the weak pound and relentless self funded growth of the Revolution division to give some nice upside to profits in the next update
Nice blue day today. Ex divi on Thursday, so hopefully see more gains tomorrow:)