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TURNING BULLISH ON TECH AGAIN (1252 GMT) - 11 Jun '18 - It looks like high valuations and crowded positioning are no longer a big worry for investors and after last week's record run for the Nasdaq, confidence is growing that 2018 will be yet another strong year for European tech. "In contrast to our view in Jan, we now believe that 2018 will make it seven straight years of outperformance for the EU Tech sector. While we still see earnings in-line, we now expect the sector to relatively rerate," says Citi. Even though economic activity in Europe is set to slow this year, that should not be a problem for the sector. Citi expects healthy EPS growth for European tech in 2018 and notes how the sector's valuation premium widens in times of weaker growth. Over the last 7 years the European tech index has more than doubled in value, leaving the broader European market well behind. The index is up more than 10.5 percent so far this year, while the STOXX 600 is down 0.7 percent. Citi's top picks are SAP, Capgemini, ASML, Temenos and IQE. (Danilo Masoni)

Someone must be as old as the news >>>>> TLWilliams

116.30p +2.90p Photo-Me International PLC (LON:PHTM) Corporate Rating Reaffirmed at finnCap Today; The Price Objective is Set to GBX 163.00 Photo-Me International PLC (LON:PHTM) Rating Reaffirmed finnCap now has a GBX 163.00 price target on shares of Photo-Me International PLC (LON:PHTM). The price target means a potential upside of 48.86 % from the last close price of Photo-Me International PLC (LON:PHTM). This rating was disclosed in an analyst note on 8 June.

The early "AT" of 116.80p, means the order book is ready for the rise, as a matter of fact, it was since yesterday, but a bit of manipulation and kept the price at 114p where the large trades were being done. Is now two hours of being above 115p and for the look, it wants to remain this way and the good chance of improving.

A further rise in the oil price tonight, well up on the spike till close at 9 pm. Maybe tomorrow will be a better day UT closing one day at offer price another at bid price like today Market report Oil prices received a boost from worries over a steep drop in exports from crisis-plagued Venezuela, which faces the threat of U.S. sanctions. U.S. crude rose $1.22 to settle at $65.95 a barrel, while Brent gained $1.96 to settle at $77.32.

A good move up today after the recent drop, maybe with a little help for the rise in the oil price this afternoon, but there was a further rise for the oil, well up on the spike till close at 9 pm. ----------- Market report Oil prices received a boost from worries over a steep drop in exports from crisis-plagued Venezuela, which faces the threat of U.S. sanctions. U.S. crude rose $1.22 to settle at $65.95 a barrel, while Brent gained $1.96 to settle at $77.32.

The late opening 9 am due to London Exchange missing data, has been OK for the share price as it opened higher and so far is holding well

Some steady rise this morning, helped by the positive market, with time the rise should greater intraday chart http://charts.moneyam.com/Chart.aspx?Provider=Intra&Code=PHTM&Size=750*400&Skin=RedWhite&Scale=0&Type=2&Cycle=MINUTE1&IND=&Layout=Intra;IntraDate&E=UK&XCycle=Hour2&Fix=1&SV=0

Another good size buy 110K, should have a move up soon now 114.20 v 115p 14:30:51 - 110,000 - 114.80p

114.40p +4.60p Finally, the move up has happened, most likely there was a large buyer and needed to be filled Intraday chart http://uk.advfn.com/p.php?pid=staticchart&s=L%5EPHTM&width=575&height=330&p=0&t=1&cb=

3 Summary and conclusion Clearly the group has been battling the challenges in Japan for some time but had hoped for other positives to offset these problems - presumably a strong performance or material win elsewhere in the group. From Wednesday�s announcement, clearly management felt that it was no longer likely that such positives could realistically offset the Japanese difficulties, which is why the update was timed as it was. Although it if frustrating to see the difficulties in this one market, we would highlight that the rest of the business is performing relatively well, and the group is benefiting to a degree from the diverse natures of its markets, geographies and consumer segments. The Japanese situation (a major planned compulsory scheme, followed by its curtailment and abandonment, yet still leaving new aggressive competitors) is unlikely to be replicated in other markets or segments. We would hope that the group can return to profit growth through a combination of simply delivering on the cost reductions already in train, and working to ensure the attractiveness and cost efficiencies of new products in a steadily-expanding range of markets.

2 Laundry Laundry continues to be a key growth driver with revenue for FY2018E expected to increase by 49% to �32.3m. Manufacturing capacity of the Revolution laundry machines increased following the relocation of production facilities to a new factory in Poland. This capacity increase will enable an acceleration of the roll-out programme in the longer term. In May 2018, the Group acquired La Wash Group, a laundry services group. The acquisition cost was �4.75m, 1.3x FY2017 revenue. During that year the business had PBT of �0.8m. This acquisition shows Photo-Me�s commitment to identifying valuable strategic bolt-on laundry acquisitions to facilitate further growth. Kiosks Photo-Me Retail in the UK was re-organised to boost the profitability of the UK digital printing business. This resulted in a one-off re-structuring cost of �2.6m which is included in PBT. Japanese Photo ID Following the introduction of the My Number ID card programme in Japan the market in Photo ID has become increasingly competitive. However, this programme has not become compulsory and the market has not grown as much as had been anticipated. Existing operators and new entrants have deployed more machines hoping to take advantage of the programme. Total photo booths in Japan, across all operators, has increased from 16,000 to 27,000. Photo-Me does not have a monopoly in this market and its market share has fallen from 33% to 30%. This reduction in market share has decreased revenue per machine by 12%. In addition,there has been upward pressure on commissions payable which have risen between 2.5% and 3%. The resultant reduction in trading profits compared to our previous forecast will have a negative impact on PBT of �5m for FY2019E. To address these pressures, the Group intends to restructure the Japanese business, primarily the head office. The savings made will be in the region of �2m-�2.5m per annum. The total cost of restructuring in FY2019 will amount to c.�4m. Negotiations with unions are ongoing but the Group is confident that progress will be made and that following this restructuring the Japanese Photo ID business will return to profitability. The Japanese photo ID business accounts for all of our downgrade to FY2019E forecasts..... next 3

1 PHTM - Progressive Equity Research -Analyst Denese Newton 01/06/2018 Trading Update Revenues for FY2018E are expected to grow at approximately 6% on a constant currency basis, which is in-line with our expectations. PBT is also expected to be in-line with our forecast of �50.2m for FY2018E. This includes restructuring cost associated with the UK Retail business of �2.6m, a gain on disposal of the head office of �2.4m and a gain on investments of �3.7m. The Photo ID business, except for Japan, continues to perform in line with previous expectations. In Japan there have been difficulties due to oversupply in the market, meaning declining market share and a resultant reduction in average revenue per machine as well as upward pressure on commissions payable. The Board intends to re-structure the Japanese business to facilitate a return to profitability. For FY2019E we are lowering our forecast trading PBT for Japan by �5m and anticipate a restructuring cost of �4m. The Laundry business continues its expansion and remains a key growth driver. Revenue from Laundry operations in FY2018E grew 49% to �32.3m. Following relocation to Poland, an increase in manufacturing capacity will fuel an acceleration in the deployment of machines. Post year-end the Group acquired La Wash Group, a leading Spanish laundry provider, for �4.75m. La Wash Group had turnover of �3.7m for the year ended 31 December 2017 and corresponding PBT of �0.8m. This acquisition highlights the Group�s commitment to making complimentary bolt-on Laundry acquisitions. Photo-Me Retail in the UK has been successfully restructured to provide unattended digital printing kiosk services. This will boost the profitability of the UK digital printing business with an associated re-structuring cost of �2.6m in FY2018E. Although the Board has made no final decision, it expects to maintain the Group�s current dividend policy Trading Update Except for the Japanese Photo ID business (see below), all areas performed in line with our expectations. Turnover for FY2018E is expected to grow by 6% on a constant currency basis or 7% on an absolute basis. PBT for FY2018E is expected to be broadly in line with market expectations. We forecast PBT for FY2018E of �50.2m. Photo Identification Excluding Japan, the photo identification business continued to perform well. The UK roll-out of encrypted passport photo ID upload began in December 2017. By the year end, 2200 photobooths had been converted to provide direct and secure transmission if ID photos and data to HMPO. The Group is therefore well positioned to take advantage of the introduction of new UK passports. This technology continues to be deployed in France and Ireland and the Group is also in discussions with the Dutch government about its introduction in the Netherlands............next 2

Selected on the "UPS" this morning.... ....."Looks ready to bounce after the sharp fall a couple days ago, there is volume today and rising the right conditions for the bounce." Less than 2 hours trading an almost the same VOLUME as yesterday Chart with volume http://uk.advfn.com/p.php?pid=staticchart&s=L%5EPHTM&width=700&height=260&p=2&t=1&dm=2&vol=1&cb=

tonight British bulls say BUY Last Signal:BUY Last Pattern:BULLISH HARAMI https://www.britishbulls.com/SignalPage.aspx?lang=en&Ticker=CEY.L

What is a 'Bullish Harami'? A bullish harami is a candlestick chart pattern in which a large candlestick is followed by a smaller candlestick whose body is located within the vertical range of the larger body. The bullish harami is a downtrend or bearish candlestick (red) engulfing a small bullish candlestick (green), giving a sign of a reversal of the downward trend. Since the bullish harami indicates the bearish trend may be reversing, it may be a good time to enter into a long position. Bullish harami chart https://tinyurl.com/yboucvnw

The B..tard has a dirty tongue, so I " aide " just a bit to pay for the sins........... hydraides - Today 13:30 PMOLets all take a minute To be thankful that the first 3 letters of our company don't start with ENQ

Share price well under the Lower Bolliger Band Indicators on the turn from oversold ( RSI and Stochastic ) Volume and rise is bullish chart with Indicators https://tinyurl.com/y7grevu6

re- speculation by who? It must be by the prat - lupus - posting, just as the market opens, and keeps saying no interest on the share price. A fool only can fool himself on the going around the fatuous beeing post by the - lopus - has many agendas but lying all the time.... no?

Taking the P!ss re -this village id... Has biscuits and you are not being invited for tea for what I see