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CHEERS !!
PHTM had been "delisted"
From today it's new ticker name is MEGP.
I've put the first post there on the new forum to help identify it, for anyone confused this morning - as I was!
Naked Trader 25/07
'It was a no brainer to top up with more shares in Photo Me. PHTM.
A stunning report leaves the shares looking mighty cheap, they ought
to be at least at 125p.
Even after rises, the forward pe is very low, it has a ton of cash and both
the booth and laundry businesses are flying making it a bid target for me.
On top of that there's a massive dividend and a special dividend is on the
way too. Definitely one that ticks all the boxes.
Looks like PHTM should deliver another couple of great statements and
would expect to see the shares gather steam once they can clear 100p.'
Just a post to admire the triple figure SP on display to the left :)
- And say to it: Hello old friend, long time no see :)
SP is a little overbought currently so I expect some consolidation issues around this level until the overhead supply dissapates away.
Spot on Velo. Tipped as a "buy" in Shares Magazine yesterday.
How times change :)
Not so long ago this was a dog of a stock.
Currently the balance sheet metrics score very highly in a variety of screeners. Look out for buy recommendations from IC, Shares mag, M/Fool and the like. There won't be a sour note against PHTM amongst them.
They take their cue from upbeat brokers analysts reports, and those brokers houses are all singing from the same hymn sheet - upbeat bullish on PHTM. They're all parroting - buy.
How sentiment changes.
No doubt the future sentiment will ebb and flow
- So enjoy the moment, whilst investors hold a 'winner'.
Some astonishing increases throughout the Interim trading result.
Brokers analysts giving a bullish thumbs-up in reports released this morning. Can't access them as behind a pay-wall but the subject header is v bullish in relating to it's contents sent to me by email.
SP already reflecting widespread market approval.
Barnstorming performance - full year could be looking @ 15% year divi - See the statement about returning profits to shareholders? plus company is EBITDA and Cash puts this on a very low rating when you consider the amount they are investing in growth
xd 11th Aug 2022 ........ 6.5p Special
xd 13th Oct 2022 ......... 2.6p Interim
Do we know divi cut off date?
Special Dividend too and full year forecast of £50m pretax!!
I wasn’t aware of that, thanks. Let’s hope the results don’t disappoint.
A tip from a well known tip sheet...so essentially a false rise. Still good volume nonetheless
Does anyone know the reason for todays reasonable rise in a sideways market? The volume appears pretty decent too with an update due next week…
https://m.youtube.com/watch?v=tUa8dt0hfH8
I recently recorded this podcast with Maynard Paton on Photo-me of which I am a holder.
No wonder Mr Crasnianski wanted the whole company. Maybe if he'd offered a half decent price he might have got it.
Heading over 100p now?
Last post below (like this one) is under the incorrect subject heading
- Should have been Something like: "Latest trading update just released"
It's new-News not old news :)
Quick post:
And the good news continues!
Trading update published yesterday 7th June (see RNS above) opened with the following sentence:
" The Group has performed above expectations in the year to date."
ABOVE expectations!!!!!!
Just what analysts dream of hearing.
***All forecasts were adjusted upwards yesterday.***
The Market went bat-sheet crazy and the SP gapped-up hugely from the open closing up in the 80's.
A gap-up! Expect more to come from the SP :)
The recovery is on and gathering strength. Crisis in the SP appears over. It will /should climb from here on-in.
Terrific dividends beckon too. All divisions improving dramatically.
All coming good. No longer to be derisively known as a dog of a share! :)
Phtm is doing a 'Ukranian' and fighting back!!!!
I often follow the screening principles of Bill O'Neill one of the US Gurus and was surprised to find Phtm as a top choice this morning as a result of the final trading results. Not only that but Phtm is now selected amongst 7 of the world's differing stock market gurus selection process.
I'm treating that with raised eyebrows in a Victor Meldrew: 'I don' t believe it!' expression after all the pain this stock has exerted on me over the years.
Whatever, Phtm is now flashing up on several selection screens by the high and mighty. I say they're playing with fire but they're the "experts" not I.
Now expecting a decent SP performance in the short term at least.
DYOR though.
Results well received by the market, resulting in significant recovery in the SP (so far).
Revenue 15% up on last year. Net profit restored against a loss for the year prior to last year.
Analysts have enthused calling it quote: " Progressive recovery".
What's not to like?
Every expectation that price will eventually surpass the old bid buy-out SP attempt - under it's own steam. So any further buy-out attempts are going to have to make spectacular improved offers to compete with the natural growth.
. Only concern is, will the CEO deliberately drag his heels on the recovery? Difficult to know his emotional make up. Will he do a Putin and go all destructive, or what?
I haven't seen all the small print but normally when a bid fails the bidder cannot make another bid for 6 months, but as I say i haven't seen all the small print.
Now the bidder can still buy say another 10% -15% in the open market and then make another bid where they might win at say 85p.
As 45% were happy with the offer and they have already own substantial % of the company, it's. more likely another slightly higher would come fairly quickly. If not why hang-on the holdings. Fair value is about 81p. Anything north of it would be acceptable as the current global outlook has deteriorated.
So Bidco got approx 45% with 75p offer, but now what's to stop Bidco just buying up all the shares they need on the open market at 63p ish.
So the offer of 75p has now lapsed with acceptance votes representing about 45% of the shares - the majority of which are held by Bidco and representatives. My thought is that this is a good thing despite the drop today in the share price which seems strange as there are almost 6 times more purchases than sales.
So as of close on 1 st March still only 36% for offer, to me it doesn't look like this will go through as the SP is now going down.