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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Me Group International Plc | MEGP | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -0.60 | -0.32% | 185.20 | 16:35:20 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 184.00 | 182.40 | 187.40 | 185.20 | 185.80 |
| Industry Sector |
|---|
| MEDIA |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 24/02/2025 | Final | GBP | 0.0445 | 24/04/2025 | 25/04/2025 | 23/05/2025 |
| 15/07/2024 | Interim | GBP | 0.0345 | 07/11/2024 | 08/11/2024 | 29/11/2024 |
| 22/02/2024 | Final | GBP | 0.0442 | 25/04/2024 | 26/04/2024 | 23/05/2024 |
| 12/07/2023 | Interim | GBP | 0.0297 | 02/11/2023 | 03/11/2023 | 23/11/2023 |
| 20/04/2023 | Special | GBP | 0.006 | 27/04/2023 | 28/04/2023 | 19/05/2023 |
| 01/03/2023 | Final | GBP | 0.03 | 20/04/2023 | 21/04/2023 | 12/05/2023 |
| 21/03/2022 | Final | GBP | 0.0289 | 14/04/2022 | 19/04/2022 | 13/05/2022 |
| Top Posts |
|---|
Posted at 28/2/2025 10:59 by dr biotech To add a bit more to thatThe french outfit wanted to sell a lot of shares. As above the reasons for this could be redemptions or the position had become too large (its performed very well over the last 12months) or they felt the valuation had peaked and wanted to sell. Any number of reasons. Given the speed at which they sold and the significant discount I'd guess they were a forced seller (ie redemptions) but unless they tell us we are just guessing. They sold 26m shares in the company. A busy but normal trading day in MEGP is about 1.5m, so they can't sell in the open market as it would crash the price. So they announced last night they wanted to sell and their brokers approached potential large buyers (ie institutions) to see who wanted them and at what price. The offers came in at a rather conveniently round figure of 200p. The price has now dropped to reflect that and if the price remained at 220 I'm sure many of them would flog them off for an instant gain. I would. Hence the price here will be capped near the 200p level until the "flippers" have finished and then we can hopefully resume at the higher level. |
Posted at 28/2/2025 10:33 by masurenguy FPCI Montefiore Investment IV is a French fund and it doesn't indicate any problem with MEGP - just check their results issued last Monday. What it means is that a large shareholder either wanted to take some profits, perhaps had to raise cash to service fund redemptions or were rebalancing their portfolio. |
Posted at 28/2/2025 10:26 by hunter157 Ok right. And does that necessarily mean there's a problem with MEGP or they just needed to raise cash? |
Posted at 28/2/2025 10:10 by hunter157 Guys as a relative newby, could someone explain please in layman terms what has happened today with MEGP? Appreciate your help. |
Posted at 24/2/2025 07:24 by masurenguy Audited annual results for the 12 months ended 31 October 2024Another record year of profitability, with continued margin expansion and execution of the Wash.ME growth strategy SUMMARY OF 2024 · Another record year of profitability · Rapid expansion of laundry operations across key geographies · Record pipeline of machine installations with key strategic partners · Innovation strategy through the launch of a new automated cutting service, Kee.ME · Strong cash generation through operations · Return of cash to shareholders with 6.8% increase in total dividend FINANCIAL HIGHLIGHTS · Group revenue increased by 3.4% to £307.9 million (2023: £297.7 million), largely driven by the expansion of laundry services. Excluding FX impact4 revenue was up 6.8% excluding FX impact. · Wash.ME Revolution laundry vending revenue increased by 19.1% to £90.6 million (2023: £76.1 million) with a record 1,168 number of Revolution laundry machines installed during the year. Excluding FX impact4 up 21.2% · The total number of Revolution machines increased 16.3% to 6,433, in line with our target rate of 80-90 installations each month · Photo.ME remained a stable business for the Group, with vending revenue up 0.4% at £173.2 million (2023: £172.5 million). Excluding FX impact4 it was up 4.4% · Group EBITDA increased by 7.1% to £114.2 million (2023: £106.6million). Excluding FX impact4 it was up 10.2%. · Group EBITDA margins expanded to 37.1% (2023: 35.8%), which reflected the continued expansion of Revolution laundry machines and margin improvements · Wash.ME EBITDA margin expanding to 51.4% (2023: 51.1%) · Record profit before tax at £73.4m (2023: £67.1m), up 9.4%. Excluding FX impact4 up 10.4%. · Profit before tax margin expanded to 23.8% (2023: 22.5%), which reflected the Group's continued focus on delivering high-quality and profitable growth · Profit before tax remains the key financial metric for the Group · The Group remains highly cash generative, with cash generated from operations at £107.4 million (2023: £109.9 million), whilst net cash was up 12.7% at £38.2 million (2023: £33.9 million). Excluding FX impact4 it was up 23.3% · Total dividend up 6.8% at 7.90 pence per Ordinary Share (Interim dividend of 3.45 pence and proposed final dividend of 4.45 pence per Ordinary Share) Serge Crasnianski, CEO & Deputy Chairman, commented: "I am pleased to report a year of strong strategic progress with record profitability for the Group. We have continued to deliver on our long-term strategy of expanding our laundry business across new and existing geographies, which is a key focus for the Group, as well as upgrading our well-established estate of photobooths. Innovation and diversification are core to the Group and this underpins our approach to meeting the needs of our consumers in each of the jurisdictions we operate in. During the year we launched Kee.ME, our new automated key-cutting service, which further evidences our ability to develop and deploy new services in response to identifying market opportunities. The Board remains confident in the Group's growth strategy and strong financial position, which provide a platform for future growth opportunities." |
Posted at 17/1/2025 11:32 by masurenguy I'm not a subscriber so can't read the article any further. Possibly a review of their existing stock portfolio, with MEGP still looking good value on a current year PER of circa 13. Last years results due mid-Feb but we know the nuts and bolts from their year end trading update prior to Christmas. |
Posted at 16/1/2025 08:32 by masurenguy Another record year for ME Group International means we’re happy to stay buyers.Company has delivered a compound annual growth rate of 30% in free cash flow over the last half decade 16 January 2025 ME Group International (MEGP) 188.6p Gain to date: 18% We highlighted instant-service equipment group Me Group International (MEGP) as a compelling investment opportunity in February 2024. The company's business model is unique with inherent strengths allowing it to generate high returns on capital and consistent cash flow. |
Posted at 26/12/2024 10:32 by dr biotech Seems MEGP is one of Edison’s tips.. |
Posted at 17/12/2024 15:34 by elrico Mike Caine | 17 December 2024The author is a shareholder in the Company. I first mentioned MEGP in May 2022 at 71p, when it was previously known as PHTM. It was last updated in the summer at 171p, so with the shares currently trading at 208.5p, I think it’s fair to say we have had a fabulous run. The share price surged from 71p to reach a high of 229p before retracing slightly to settle at 208.5p, representing a not-so-shabby 193.7%. |
Posted at 04/12/2024 07:04 by masurenguy Excellent year end update ! 😊Year-end Trading Update Another year of record profitability ME Group announces a post-year end trading update for the 12 months ended 31 October 2024. Trading Update Building on the positive trading momentum throughout H1 2024, the Group is pleased to report continued growth in H2 2024. As a result, the Board expects to report that FY 2024 will be another year of record profit and financial performance in line with the Board's expectations. Year-on-year the Group expects reported revenue to be not less than £308 million, up c.3% for FY 2024, and up c.7% to not less than £318 million excluding the previously announced FX impacts 1. Adjusted EBITDA is expected to be not less than £112 million, up c.5% (up c.9% to not less than £116 million excluding FX impact1) and Profit Before Tax is expected to be not less than £73 million, up more than 10% (not less than £75 million excluding FX impact1). Wash.ME Revolution laundry operations were the key growth driver in the year, with net revenue up c.19% (c.21% excluding FX impact1) compared with FY 2023. In total a record 1,111 machines (including 211 relocations) were installed across key regions including France and the UK, in line with the Group's target of 80-90 laundry machine installations per month. The Group's photobooth operations were stable and performed as expected. This business remained highly cash-generative with Photo.ME revenue up c.0.4% (up c.4.4% excluding FX impact 1). The Group continued to rollout its next-generation photobooths mainly in France. While the rate of deployment of these machines was slightly slower than expected, partly due to some technical issues, the Group continued to make progress with its rollout programme. 1 Excluding the Impact from foreign exchange rates ("FX impact") during FY 2024, particularly the Japanese yen which saw a 12% decrease in value against pound sterling (average rate of exchange used in FY2024 was Yen/£ 191.71 vs FY 2023: 171.68), and a 2.1% decrease in the euro against pound sterling (average rate of exchange used in FY 2024 was €/£ 1.173 vs FY 2023: 1.149). Financial Position The Group remains highly cash-generative, well-capitalised, and in a strong financial position. As at 31 October 2024, the Group had a gross cash position of £86.1 million (FY 2023: £111.1 million). The Group made loan repayments of c.£27 million, invested c.£53 million in Capex, and paid £28 million in dividends to shareholders in 2024. The Group's net cash position was £38.2 million, excluding investments and convertible bonds (FY 2023: £33.9 million), after delivering on its policy of returning cash to shareholders through dividend payments. 2024 Annual Results The Group expects to publish its Annual Results for the financial year ended 31 October 2024 in mid-February 2025. |
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