Vending services company Photo-Me International (PHTM) has announced results for its half-year ended 30th April 2021, arguing “a return to our fundamentals more quickly than previously expected” and the shares have currently responded up to 73.6p. What’s the detail?...
Previously writing on Photo-Me International (PHTM), in December with the shares at 57p I concluded the future uncertainty from the noted financial position and a current £215.5 million market capitalisation sees me retain prior scepticism. Currently, sell / avoid. The shares last closed at 55.1p and are currently further lower today on the back of results for the period to end October...
Vending equipment and services company Photo-Me International (PHTM) has issued a trading update which includes that it “was cash flow positive in the period” and “as at 31 October 2020, the group had a net cash balance of £22 million”. However, the shares are currently 3% lower at 57p, so what is the cash flow and balance sheet detail?...
