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MEGP Me Group International Plc

162.40
1.20 (0.74%)
09 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Me Group International Plc MEGP London Ordinary Share
  Price Change Price Change % Share Price Last Trade
1.20 0.74% 162.40 16:35:08
Open Price Low Price High Price Close Price Previous Close
159.20 158.60 164.40 162.40 161.20
more quote information »
Industry Sector
MEDIA

Me MEGP Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date
22/02/2024FinalGBP0.044225/04/202426/04/202423/05/2024
12/07/2023InterimGBP0.029702/11/202303/11/202323/11/2023
20/04/2023SpecialGBP0.00627/04/202328/04/202319/05/2023
01/03/2023FinalGBP0.0320/04/202321/04/202312/05/2023
21/03/2022FinalGBP0.028914/04/202219/04/202213/05/2022
18/07/2019FinalGBP0.047317/10/201918/10/201908/11/2019

Top Dividend Posts

Top Posts
Posted at 03/5/2024 20:55 by markatkinson
In this latest episode of the ‘Desert Island Investor’ my very dear friend and fellow pod-castaway Paul Kerin and I discuss ME Group which is my largest holding and where I literally wash my dirty linen in public.

Watch on You Tube -



Listen via Progressive Equity Research -

hxxps://progressive-research.com/podcasts/theres-money-in-laundering-my-review-of-me-group-megp/
Posted at 29/4/2024 13:22 by spwh100
Gone ex-divi last week
Posted at 24/4/2024 13:57 by jqb1
Think he's getting mixed up with the special dividend announcement from last year
Posted at 23/3/2024 16:26 by masurenguy
Paul Scott reviews MEGP here @1.20.00
Posted at 29/2/2024 09:47 by 2magpies
Well,of course.

At some point, a possible 'offer' may become difficult to refuse.

Unless MEGP is a 'hobby' to Serge, and he is emotionally attached to it.

Admitted: any offer would have to be significantly higher than here, given that all divisions are performing profitably.
Posted at 22/2/2024 09:44 by blueflex2
A year record financial performance despite macroeconomic headwinds.FY EPS 13.31p ahead broker expectation 13p.Dividend yield above 5.6% Net cash unchanged despite heavy capexEntry to FTSE 250
Posted at 22/2/2024 08:16 by masurenguy
Positive set of results. Sales up by nearly 15% but PAT and eps up by just over 30%. Net cash virtually unchanged at £33.9m. The final dividend of 4.42p takes the annual figure up to 7.39p which is 32% ahead of last year after excluding the special dividend that was paid then. The forward PER is circa just 10 and the yield is 5.6% so there should be some further upside moving forward.

Serge Crasnianski, CEO, stated: "We are pleased to report a year of record financial performance during which we continued to make good strides in delivering on our long-term growth strategy. We have reported strong revenue and profit growth across all of our business areas and geographic regions, achieved despite the widely reported macroeconomic challenges. Our laundry operations, a key growth driver for the Group, performed particularly strongly and our expansion continued at pace. Demand for photobooth services remains robust and we continue to develop our relationships with governments and regulatory bodies for our digital and secure photo ID services.

The modernisation and digitalisation of our business will drive operational efficiencies and improve the services and experience we offer. Our next-generation photobooth is being rolled out at pace, bringing a multi-service offering and seamless user experience, backed by proprietary software. This is just one of many initiatives we are driving forward, underpinned by our strategic focus on digital innovation. We are also working on a range of additional service features and functionalities that could attract more consumers to use our instant vending equipment. The Board looks ahead to the future with confidence and, notwithstanding changes in the macro environment, expects the Group to build on the success of FY 2023 and achieve continued revenue and earnings growth in FY 2024."
Posted at 30/11/2023 07:19 by masurenguy
Excellent update - should prompt a move up in the shareprice today!

Year-end Trading Update

Record financial performance, with rollout of next generation photobooths underway

Trading Update

Following a strong first-half performance, the Group continued to see positive trading momentum throughout the second half, particularly across its core Photobooth and Laundry operations, reflecting continued strong consumer demand. The Group expects to have delivered a record financial performance for the year, despite some operational challenges within its Feed.ME division, which has since been reorganised.

For the 12 months to 31 October 2023, the Group expects revenue to be marginally below the lower end of the previous guidance range(1) but to be no less than £298 million. Nevertheless, given the Group's focus on profitability, EBITDA remains in line with the previously stated guidance range(1) and the Group expects it to be significantly above £100 million. Profit Before Tax is expected to be towards the top end of the previous guided range(1) and no less than £67 million.

Strategic Progress

The Group also made good progress in delivering on its five-year growth strategy.
Through technological innovation, the Group has continued to expand and diversify its services. The rollout of its next-generation multi-service photobooths is well underway, initially focused in France, with approximately 547 machines installed to date. This next generation photobooth was developed by the Group's in-house R&D team and offers range of new functionalities, focused around enhancing the user experience. These new features include 'Mobile to Print', user personalisation services using AI and photo filters. The Group expects other new functions will be added over time.

The Group is currently installing approximately 180 next-generation units per month and aims to increase this to approximately 250 new installations per month during 2024. At the same time, the Group is modernising the hardware of its existing photobooth estate and installing its new proprietary software at a rate of around 200 machines per month. This proprietary software enables the Group's engineers to quickly and cost-effectively upgrade each machine, remotely rather than needing to physically visit the machines.

During the period, the Group significantly extended its presence in Japan through the acquisition of 3,548 photobooths acquired from FUJI in September 2023, positioning the Group as the leading operator in the Japanese photobooth market, with over 15,000 machines in operation today.

Expansion of the Group's laundry operations also remains a key priority and continues at pace. More than 820 Revolution machines were installed during the year across the UK & Republic of Ireland and Continental Europe, bringing the total number of operating Revolution units to 5,533, representing growth of 16% in the total number of machines operated by the Group.

In line with its strategy to further diversify and expand the breadth of products and services offered by the Group, it continues to actively invest in R&D to drive technological innovation. With the next generation in Photobooths, the Group expects to trial and rollout new exciting features during 2024.

Financial Position

The Group remains well capitalised and in a strong financial position, with net cash of approximately £34.3 million and £4.3 million in convertible bonds as at 31 October 2023. During the year, the Group repurchased £1.7 million of its ordinary shares and also paid dividends totalling £13.6 million (comprising of the final dividend for 2022 of £11.3 million and a special dividend for 2022 of £2.3 million). In November 2023, the Company paid its announced interim dividend for 2023, totalling £11.2 million.

Annual Results

The Group will publish its 2023 Annual Results in February 2024.

1. Previous FY 2023 guidance was for revenues of between £300 million and £320 million, EBITDA between £100 million and £110 million and profit before tax between £64 million and £67 million.
Posted at 20/4/2023 07:51 by masurenguy
Announcement of Special Dividend

ME Group International is pleased to announce an additional return to shareholders of £2,268,910 by way of a special dividend of 0.6p per ordinary share in respect of the 12 months ended 31 October 2022. This brings the total dividends awarded in respect of the FY 2022 period being 12.7p per ordinary share. The Board has considered the strong financial performance delivered in FY 2022 as well as its immediate capital requirements and has concluded that providing a one-off Special Dividend is an appropriate way to return excess capital to shareholders. The Special Dividend will be awarded to shareholders on the register as at 28 April 2023 and will be paid on 19 May 2023.

The Special Dividend is in addition to the previously announced final dividend of 3.0p per ordinary share in respect of FY 2022, which totals GBP11,344,549. Subject to approval at the Company's AGM on 28 April 2023, the Final Dividend will be paid to shareholders on 12 May 2023. Going forward, the Company will continue to seek to pay annual dividends in excess of 50% of its annual profits after tax subject to market and capital requirements. This total will be split between interim dividends (1/3) (generally to be paid in the month of November) and final dividends (2/3) (generally paid in May).

Current trading

The FY 2023 financial year has progressed well, with performance in line with the Board's expectations. The Group expects revenue of between £280mn and £300m, EBITDA between £95m and £105m and profit before tax between £61m and £65m. The Group will announce a Trading Update in June, ahead of Interim Results for the 6 months ending 30 April 2023 which it intends to announce in July 2023.
Posted at 20/4/2023 07:12 by thorpematt
Announcement of Special Dividend

ME Group International plc (LON: MEGP), the instant-service equipment group, is pleased to announce an additional return to shareholders of GBP2,268,910 by way of a special dividend of 0.6 pence per ordinary share (the "Special Dividend") in respect of the 12 months ended 31 October 2022 ("FY 2022"). This brings the total dividends awarded in respect of the FY 2022 period being 12.7 pence per ordinary share.

The Board has considered the strong financial performance delivered in FY 2022 as well as its immediate capital requirements and has concluded that providing a one-off Special Dividend is an appropriate way to return excess capital to shareholders. The Special Dividend will be awarded to shareholders on the register as at 28 April 2023 and will be paid on 19 May 2023. The ex-dividend date is 27 April 2023.

The Special Dividend is in addition to the previously announced final dividend (the "Final Dividend") of 3.0 pence per ordinary share in respect of FY 2022, which totals GBP11,344,549. Subject to approval at the Company's AGM on 28 April 2023, the Final Dividend will be paid to shareholders on 12 May 2023.

Going forward, the Company will continue to seek to pay annual dividends in excess of 50% of its annual profits after tax subject to market and capital requirements. This total will be split between interim dividends (1/3) (generally to be paid in the month of November) and final dividends (2/3) (generally to be paid in the month of May).

Current trading

The FY 2023 financial year has progressed well, with performance in line with the Board's expectations. The Group expects to achieve revenue of between GBP280 million and GBP300 million, EBITDA between GBP95 million and GBP105 million and profit before tax between GBP61 million and 65 million.

The Group will announce a Trading Update in early June, ahead of the publication of its Interim Results for the six months ending 30 April 2023 which it intends to announce in July 2023.

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