PREMIUM
Reliable income without an expensive price tag
This unusual business enjoys high profit margins and strong cash generation. We think it could be a buying opportunity.
We have spoken before about the need to be wary when a company’s dividend is yielding over 8%. Indeed, it is very rare to find an established company with a 9.5% dividend yield that's covered by earnings and backed by a cash-rich balance sheet. When the chief executive is also the largest shareholder, we think that the situation merits a closer look.
The company in question is Photo-Me International (LON: PHTM). Best known for its self-service…
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