Photo-Me's woes continue processing?
December 18, 2007
More bad financial news for Photo-Me is not necessarily noteworthy, but the field day the UK press are having with headlines is somewhat amusing.
While the Independent goes with the mundane “Photo-Me stock dives 8 per cent after warning it will go into the red,” In the News and the BBC match “picture” puns with “Sorry picture for Photo-Me” and “Bleak picture for Photo-Me sales.”
My favorite, however technologically inaccurate, is from This is Money, who declare that “Photo-Me investors get the negatives.” Nice.
Brian | 4:29 PM | In the News
Comments
The £240m sale was a fantasy, the current capitalized value as of 11th Jan 2008 is just over £100m,expect any time soon a market value of £50m.
Expect another 20,000 minilabs to close in the world this year as the market is shifting to on-demand kiosk printing, in USA its now over 14% of all retail photo printing rising some 500% over last few years.
Photo-Me has slow time warp kiosk in this space, so expect it to miss this market, let alone the factor it has no branding that relates to the next generation market.
Barrie Harrop | January 11, 2008 2:42 PM
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