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Time2Buy: Nope, not keen on 100!
Looks like the prediction is correct. Now lets try to break 100p
Hopefully a pull back on the open then a rally over 100p. Certainly seems that along with the PIs there is an Institutional buyer taking shares as well as noted by the volume recently.
Better than your 0.5% in the Bank. Lot's of buying now at 96p
Well looking strong into the close today.
Now that's serious money
Nice to see the sale on Friday being absorbed quickly
That is confirmed as well.
Little bit of profit taking after Fridays rise to be expected but back in demand again today
Wonder if another Director is adding
Institutions and Directors buying. Good sign
Someone continually buying the dips here. Could go much higher
Time for this one to reach new highs. Sell off was not justified.
Nice to see PHTM moving back up however still far off it's highs and so far only good news.
Paul Scott's view on Stockopedia:
Photo-Me International (LON:PHTM)
Share price: 90p (up 4% today, at 16:19)
No. shares: 378.0m
Market cap: £340.2m
Interim results
Photo-Me International plc (PHTM.L), the instant-service equipment group, announces its results for the six months ended 31 October 2019.
We're presented with a long table of options in terms of profit.
Note how IFRS 16 has complicated matters, by distorting EBITDA. So both measures are given, before and after its impact. Although IFRS 16 has had little impact on profit. I'm happy to focus on the adjusted EPS of 6.0p, up a useful 9.1% on H1 LY. Adjustments are so minor, they're not worth detailing here.
H1 is the seasonally stronger half, so we cannot just double that to arrive at a full year figure, because that would be overly optimistic.
Dividends are what this stock is all about. The 3.7p interim payout is held. The full year yield is 9.8% - remarkable!
Outlook - note the focus on its launderette machines, which seems to be growing well;
The Group remains focused on its strategy to further diversify its product offering both organically through innovation, and through smaller bolt-on acquisitions.
Expansion of Laundry, particularly in new markets such as Germany, Austria and Switzerland, remains a key priority, including increasing the Group's presence in the B2B and the laundrette markets, which continue to represent a material opportunity for the Group. Looking ahead, this business area will continue to account for an increasing proportion of the Group's total revenue in the medium term.
KIS Food is an important component of the Group's future growth strategy and we will continue to progress with the development and rollout of the offer in this business area. Our initial focus will remain within French supermarkets, whilst the Group looks to expand into other Pan-European geographies in the future.
Whilst consumer uncertainty continues to weigh on our business in the UK, we remain confident that the Group will continue to perform well during the coming period, and in line with market expectations, in the current financial year.
Valuation - the forecast for this year FY 04/2020 is 9.77p adj EPS - for a PER of 9.2 - great value for such a cash generative business.
Balance sheet - looks fine to me. As noted last year at this time, it perplexes me as to why PHTM has a large cash balance of £84.8m, and bank debt of £60.2m. This seems inefficient, in terms of interest cost.
Maybe there are seasonal peaks & troughs which see the cash figure drop a lot lower than on the balance sheet dates?
5defcc58c177dPHTM_net_cash.PNG
My opinion - these are good figures, and full year performance is confirmed to be in line.
Why is this share so cheap? In a low interest rate environment, a PER of below 10 seems a bargain. The problem, I imagine, is that the market sees risk that the traditional photo-booths might become obsolete. E.g. in th
Photo-Me, the instant-service equipment group, was notified on 11 December 2019 that Tibergest PTE LTD, an entity closely associated with Mr Serge Crasnianski, Chief Executive Officer and Deputy Chairman of Photo-Me, bought 1,160,000 ordinary shares of 0.5p each ("Ordinary Shares") at a price of 89.98 pence per Ordinary Share on 10 December 2019.
Wait until after the Election and Brexit and this should be a great earner not only in capitol appreciation but also the stonking dividend it pays.
Nice to see IIs showing faith in the company
Photo-Me Interim Profit Climbs Higher As Laundry Business Expands
Tue, 10th Dec 2019 10:41Alliance News
(Alliance News) - Photo-Me International PLC on Tuesday posted higher first-half profit thanks to further growth for its Laundry business.
Shares in Photo-Me were up 3.8% at 90.13 pence in London in morning trading.
Photo-Me operates around 46,900 vending units in 18 countries, including photo booths, launderettes, and digital printing kiosks. It reported a GBP28.3 million pretax profit for the six months ended October 31, up 8.8% from GBP26.0 million a year before.
Revenue for the period rose 3.4% to GBP123.9 million from GBP119.8 million, including a 17% rise in total Laundry operations to GBP25.6 million from GBP21.9 million. Laundry operations were expanded in the year, with the average growth rate of 50 machines in operation per month for the period.
The number of Revolution laundry machines in operation was up 19% following a continued rollout in continental Europe, as well as the UK and Republic of Ireland. Within the Laundry operations, revenue from Revolution alone rose 25% to GBP17.4 million from GBP13.9 million.
Excluding the UK, revenue from the Identification business was 0.8% higher, but fell 3.3% overall to GBP76.5 million from GBP79.1 million following period of lower UK photo booth market activity.
Photo-Me explained: "The UK photo booth market was challenging due to uncertainty around the UK's exit from the EU and the government's policy to accept photos taken at home for passport identification. Together these factors resulted in lower consumer activity which impacted overall performance of this business area."
Photo-Me declared a 3.7p per share dividend, flat year-on-year.
Chief Executive Serge Crasnianski said: "The first half of the year saw robust performance despite a number of challenging headwinds. The group remains focused on further expanding our Laundry market presence across a number of the core geographies in which we operate and across our product offering, from 24/7 self-service machines and laundrettes to B2B laundry services. Our Identification business remains resilient and looking ahead, we expect to benefit from the introduction of mandatory renewal for ID cards in France from 2021 onwards. "
Photo-Me entered the self-service fresh fruit juice equipment market in April 2019 when it acquired Sempa and plans for this to become one of its key business areas.
"Our entry into the food market earlier in the year also provides the group with a new additional platform for growth and will become an important component of our future growth strategy," said Crasnianski.
"The group remains highly cash generative with GBP41.1 million of cash generated during the period, reflecting [earnings before interest, tax, depreciation, and amortisation] margin improvement. The board remains confident that the group will continue to perform in line with market expectations for the current financia
https://masterinvestor.co.uk/equities/is-photo-mes-8-yield-too-good-to-be-true/
Interims indicate that they are holding steady and the cash position remains strong. The key here will be the growth that can be achieved through both the laundry and fruit diversifications. At the current share price the yield remains above 9%
FinnCap reiterates a target share price of 150p with two other analysts currently indicating targets of 150p and 110p respectively.
Hope to see this back over a pound and the dividend supports the price nicely. Good yield at current share price
Certainly ticking the boxes here
Finncap 150p target following results