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MEGP Me Group International Plc

214.00
0.00 (0.00%)
31 Jan 2025 - 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
0.00 0.00% 214.00 16:35:22
Open Price Low Price High Price Close Price Previous Close
212.00 212.00 217.00 214.00 214.00
more quote information »
Industry Sector
MEDIA

Me MEGP Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date
15/07/2024InterimGBP0.034507/11/202408/11/202429/11/2024
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

Top Dividend Posts

Top Posts
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 2024

The 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 07:07 by greenknight1
Solid update. Profit before tax up more than 10%. That will translate to another large divi increase inline with their policy. Happy holder here.
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.
Posted at 12/11/2024 19:47 by hopeful holder
I top sliced some profits cashing a few in at 183 and 187 and wished I had kept it in for longer. Timing is never perfect but a profit is a profit. It is great to see MEGP keeps growing and investing In itself. No idea wheee we will be in 12 months but certainly more value being created.
Posted at 04/11/2024 13:49 by crazycoops
Thanks for the replies folks. The long distance lorry drivers and camper van brigade makes sense. Presumably they would know they were located there via the app. FYI, MEGP has also become my second largest holding despite a top slice last year.
Posted at 09/10/2024 06:59 by masurenguy
Shires helps itself to ME Group

Abrdn manager Iain Pyle has started a position in ME Group (MEGP) which he believes offers high returns as it scales up. Pyle added the self-service vending machine operator to his £111m Shires Income (SHRS) investment trust. "This UK mid-cap name operates automated photo booths and laundromats. A somewhat niche market, but one with high returns on capital and plenty of room for growth as they roll out the laundry model into Eastern Europe and Asia.". Pylee added that the stock is also a pick for Abrdn’s small-cap team "and a great example of working together to find interesting and differentiated income opportunities".

The shares fell 2.8% to 193.4p on Tuesday, but have gained 55.7% in 2024 to date.
Posted at 20/4/2023 06:12 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.