Photo-Me just crashed

Monday, Jan 23 2017 by
2

Good morning investor community.
Does anyone know why Photo-Me just crashed?

many thanks

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Photo-Me International plc is engaged in the operation of sale and servicing of a range of instant-service equipment. The Company operates coin-operated automatic photobooths for identification and fun purposes, and a range of vending equipment, including digital photo kiosks, amusement machines, business service equipment and laundry machines. The Company reports its segments on a geographical basis, such as Asia; Continental Europe, and United Kingdom and Ireland. Its products include digital prints, photobooks, posters and collage posters, calendars and photo-cards. It offers children's rides, such as carousels, generic rides, character licensed rides, simulators and interactive rides. It operates approximately 27,000 photobooths, over 6,000 children's rides and approximately 4,700 digital kiosks in areas, such as shopping centers, supermarkets and rail stations. Its subsidiaries include Fowler UK.Com Limited, Prontophot Austria G.m.b.H. and Photomatico (Singapore) Pte Limited. more »

LSE Price
94.3p
Change
0.9%
Mkt Cap (£m)
353.4
P/E (fwd)
9.1
Yield (fwd)
9.4



  Is LON:PHTM fundamentally strong or weak? Find out More »


21 Posts on this Thread show/hide all

jjis 23rd Jan '17 2 of 21

This is the reason apparently - considering & Daily Mirror?

http://www.mirror.co.uk/news/uk-news/selfies-can-now-used-passport-9668601

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Carcosa 23rd Jan '17 3 of 21

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.

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hynesjp 23rd Jan '17 4 of 21
1

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

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Monty9 23rd Jan '17 5 of 21
4

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.

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Monty9 23rd Jan '17 6 of 21
1

In reply to post #168139

I don't really know but might it be that the French rules are hardening and the Briitsh have relaxed?

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hynesjp 23rd Jan '17 7 of 21

That's a good comment. I'm in the same camp.
Thanks.

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herbie47 23rd Jan '17 8 of 21
1

But this is not news this has been happening for some time.

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LittonOwl 23rd Jan '17 9 of 21

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

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Bushranger 23rd Jan '17 10 of 21

In reply to post #168163

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.

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herbie47 23rd Jan '17 11 of 21

In reply to post #168172

I meant people were doing phone selfies early last year and submitting them. No need to print either.

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Virgil Solozzo 23rd Jan '17 12 of 21

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.

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Bushranger 23rd Jan '17 13 of 21

In reply to post #168175

Ok. I totally missed that point. But even better.

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smatthews1 23rd Jan '17 15 of 21

In reply to post #168214

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.

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Damian Cannon 23rd Jan '17 16 of 21
8

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/

Blog: Ambling Randomly
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janebolacha 24th Jan '17 17 of 21

In reply to post #168298

Excellent, Damian, thank you!

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Sully8786 24th Jan '17 18 of 21
2

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.

Company: Dave Sullivan - Talking Stocks
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jonno 24th Jan '17 19 of 21
1

In reply to post #168316

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

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Sully8786 24th Jan '17 20 of 21

In reply to post #168322

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.

Company: Dave Sullivan - Talking Stocks
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Velo 24th Jan '17 21 of 21

In reply to post #168298

That was a first class analysis Damien. Solid work, well done. Appreciated. You've put in some research there, I'll say!

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