Good morning investor community.
Does anyone know why Photo-Me just crashed?
many thanks
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Good morning investor community.
Does anyone know why Photo-Me just crashed?
many thanks
Already have an account?
Login here
This is the reason apparently - considering & Daily Mirror?
http://www.mirror.co.uk/news/uk-news/selfies-can-now-used-passport-9668601
http://www.thetimes.co.uk/edition/news/phone-images-can-be-used-on-passports-0b790w6f2
Of course the additional risk is that presumably with this being EU compliant the French may do (another) U turn.
Many thanks for that. It seems strange because I watched the FD of Photo-Me give a presentation to a group of investors and I am sure he answered a question about this issue where he stated the rules on Passport photos was going to be come even more difficult under new regulations that are coming into force.
This is really a problem if its true.
Regards
The ability to use a mobile phone for passport photos is a risk mentioned by timarr recently, but the press comment has clearly reached a wider audience. I took the view that while unwelcome, it was unlikely to cause a dramatic loss of business for PHTM and held - I guess time will tell. The press comment is actually suggesting the UK relaxation would allow risk of modified images being used for the issue of a passport and should perhaps be reversed; I can certainly see the sense in this if true, particularly given the sensitivity around immigration at the moment.
I don't really know but might it be that the French rules are hardening and the Briitsh have relaxed?
Yep, its old news, but just reached a wider audience, as others have said. I agree though, the suggestion here and in the Mail report is that the decision presents a heightened risk to our security and should be reversed...
http://www.dailymail.co.uk/news/article-4144232/New-rules-let-travellers-use-phone-photos-passports.html
Agree. I have taken all my own passport photos with a digital camera and mobile phone for over a decade. As long as you print it on quality photo paper, dont distort the image and comply to the correct size there is no problem. I dont see there being any greater risk than getting it done in a booth or at the local chemist. I'd expect that to those in the buisness of couterfeit passports the photo is the least challenging aspect.
I meant people were doing phone selfies early last year and submitting them. No need to print either.
It makes sense to move with the technology, everyone has the capability to capture images in digital format as good as these booths can. There will still be rules in place and any photos that look 'dodgy' will be rejected automatically. Never invested here I see limited upside from these sort of companies as technology has advanced so much that the wider public has access to it and is comfortable using it.
Thanks herbie for that link. I kind of expected a logical response to this, rather than watching some hasty selling over a few news paper articles.
If the French ministry of transport is pushing this newer technology then surely this is encouraging, I wouldnt be suprised if more countries follow.
Security which seems to be at an heighten level for some time now should provide a good catalyst for the companies new technology.
I personally find it hard to believe the future will broadly adopt 'selfies' as a secure form of ID.
Shame I missed this sell off this morning, looked like a good opportunity to top up.
Quite by chance I was working on some analysis of Photo-Me International (LON:PHTM) over the weekend and came to the conclusion that it's a real mixed bag of risks and opportunities. Still even I wasn't expecting this morning's surprise volatility and I doubt that Serge Crasnianski was either. Anyway my report is here with a bunch of graphs and thoughts on what they all mean: http://www.damiancannon.com/blog/photo-me-international-in-a-supermarket-near-you/
I've recorded a quick video on my channel. I think it smacks of a similar situation in 2015 with Tristel (LON:TSTL).
There may be a slow, lingering death on the cards for Photo-Me International (LON:PHTM), but I think it'll still be doing business in the years to come.
I have, however set up a couple of alerts - just in case the brokers start to move their forecasts south
https://youtu.be/_CAIt9j4DtQ
Regards,
Dave S.
Hi Dave
Just watched your review of PHTM on you tube, which I thought was a balanced view of the current situation. As you say photo apps have been around for sometime and despite this PHTM still appears to trading well given the recent interim results and significant share purchase by Serge Craniaski. The profit driver seems to be the roll out of the laundry division with the photo booths, for now anyway, providing the cash. As to the future whether or not PHTM will be able to develop another service suited to its technology to replace the photo booth remains to be seen.
Apologies if I am missing sometime or just slow on the uptake but where did you find the analysts coverage for PHTM on Stockopedia. I presume it is available from the Stock report, but can't find the right button to press?
All the best
John D
Hi Jonno,
Thanks for your comments re the video. I sourced the brokers forecasts from Photo-Me International (LON:PHTM) Investor Relations site (See below).
http://investor.photo-me.com/analyst-coverage/es...
I think that there's plenty in the pot for an acquisition, but it's finding the right fit. FWIW I don't think that the company will go down without a fight.....but as always - time will tell.
Regards,
Dave S.
That was a first class analysis Damien. Solid work, well done. Appreciated. You've put in some research there, I'll say!