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MEGP Me Group International Plc

185.40
5.80 (3.23%)
26 Jul 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
5.80 3.23% 185.40 16:35:28
Open Price Low Price High Price Close Price Previous Close
180.00 179.00 184.60 185.40 179.60
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
18/07/2019FinalGBP0.047317/10/201918/10/201908/11/2019

Top Dividend Posts

Top Posts
Posted at 24/7/2024 17:40 by masurenguy
MEGP don't have a monopoly on photo-booths in the UK. There are at least 3 competitors that I'm aware of but they all have a very small market share. Where Timpson is concerned they have 260 PB's instore and within some supermarkets compared to Photo-Me who have circa 3500 around the country.
Posted at 16/7/2024 07:13 by masurenguy
‘Buy’ ME Group, says Berenberg
ME Group (MEGP) shares are cheap given the positive snapshot provided of the business in the first half, says Berenberg.

Analyst Eleanor Spencer retained her ‘buy’ recommendation and target price of 200p on the vending machine operator, which inched up 0.2% to 182.2p on Monday and is up 47% this year. The group delivered ‘attractive profitability’ in its first-half 2024 results, which were in line with trading updates from early June, with the top line growing 5% year-on-year. "The robust performance was delivered in spite of significant [foreign exchange] headwinds, with the value of the Japanese yen and the euro against the UK pound declining by 15% and 2% year-on-year, respectively. We think investors should look past any FX impacts and instead focus on ME Group’s increasing track record of underlying performance delivery. Trading on just 8.1 times full-year 2025 enterprise value to [pre-tax earnings], we think its shares look cheap." said Spencer
Posted at 15/7/2024 16:46 by martinmc123
hxxps://wealthoracle.co.uk/detailed-result-full/MEGP/836
Posted at 15/7/2024 16:46 by martinmc123
Me Group International plc posted solid H1 24 Interims for the period ended 30 April this morning. Revenue increased by 4.6% to £150.4m, EBITDA increased by 11.1% to £51.2 with statutory profit up 10.8% to £22.6m or excluding FX impacts it was up 15.7% to £22.6m. The business remains very cash generative with cash from operations up 13.3% to £41.7 million. The balance sheet remains strong with net cash of £21.7m and this after funding a 16.2% increase in the interim dividend. Guidance was in-line, i.e. high single digit at least topline and bottom line growth. Valuation remains attractive with forward PE ratio at 12.1x. The share price also has longer run positive momentum and looks set to move up to new record highs. There is a lot to like here, continued solid financial performance and outlook, strong balance sheet, decent valuation, healthy and growing dividend and, last but not least, some positive share price momentum. BUY...

...from WealthOracle

wealthoracle.co.uk/detailed-result-full/MEGP/836
Posted at 15/7/2024 09:36 by masurenguy
Cheers shagsinatra - if the eps in the 2nd half increases by circa 11.5% then we would see eps for the year at circa 15p, which would give a current year PER of just circa 12 @182p. With the added benefit of the 28% photbooth cost saving, the eps could be even be higher. I think that we could anticipte the shares breaching 200p in H2, sans any broad market downturn, with a yield approaching 5% - plus any potential special dividend that might also be added at the year end.
Posted at 15/7/2024 07:17 by masurenguy
Looking good - sales, profit and cash all up plus a 16.2% increase in the dividend.

Interim Results for the six months ended 30 April 2024
Further positive financial and strategic progress in H1 and on track to deliver another year of record performance

H1 HIGHLIGHTS

. Reported revenue up 4.6% to £150.4 million, EBITDA1 up 11.1% to £51.2 million and profit before tax up 10.3% to £30.0 million, driven by growth in core laundry and photobooth operations, despite foreign currency rate impacts. Revenue was up 8.6% excluding the impact of foreign currency rate changes.

· Strong performance from Wash.ME laundry operations, which is the fastest-growing business area and a key growth driver for the Group, with revenue up 16.7% to £44.1 million. Revolution laundry units in operation grew by 18.0% and represented 12.4% of total Group vending estate, driven by strong demand and record machine installations of 420 Revolution machines in H1.

· The Group continues to expand across its established partnerships in high footfall locations, such as supermarkets and petrol forecourts, and its installation pipeline indicates that it is on track to deploy a record number of Revolution machines during FY 2024.

· The number of Photo.ME machines increased by 12.6% to 30,708 (H1 2023: 27,275). Photo.ME vending revenue1 was up 2.4% to £85.9 million (up 7.5% excluding FX impact), reflecting quieter volumes in Q1 followed by a strong performance from Q2 to June 2024 with increased activity across almost all territories, particularly Continental Europe and Asia Pacific.

· Highly cash generative, with cash generated from operations up 13.3% to £41.7 million, supporting the Group's investment in its growth strategy and returns to shareholders.

· The Group has a strong balance sheet, with £82.7 million of gross cash and a net cash balance of £21.7 million at the period end, excluding investments in convertible bonds of £3.7 million.

· Diluted earnings per ordinary share up 11.8% to 5.97 pence, reflecting the continued focus on delivering meaningful profitable growth returns for all shareholders.

· Interim dividend up 16.2% to 3.45 pence per Ordinary Share, which will be paid at the end of November, will return £13.0 million to shareholders. The Group's policy is to pay annual dividends in excess of 55% of annual profits, subject to market and capital requirements.

OUTLOOK

· The Group will continue to capitalise on significant market opportunities for photobooth and laundry services.

· Strong Revolution laundry machine installation pipeline, targeting 80-90 per month, and on track to deliver a record number of installations in H2 2024.

· Rollout of next-generation multi-service photobooths with plans to install 2,000 to 2,500 machines by the end of FY 2024.

. H2 2024 has started strongly and the Group continues to see positive trading momentum across its operations. As a result, the Board remains confident that it will deliver another year of record profitability in FY 2024, in line with current market expectations.

Serge Crasnianski, CEO & Deputy Chairman, commented:"We are pleased to report positive trading momentum throughout H1 2024, which has continued into H2 2024, and reflects further strategic progress from the Group's core automated photobooth and laundry operations which are both exceptionally profitable and highly cash generative. The Group continues to focus on profitability, returns and cash generation, with these metrics being the key performance indicators for the Group. The Group is on track to deliver another record year across these financial metrics, including the number of machines deployed. Through our continued focus on R&D and technological innovation, the Group remains focused on prudently exploring new and exciting opportunities within the automated self-service instant machine category to further diversify our portfolio, including the planned launch of new machines offering a broader range of services for our consumers. Additionally, the Group's R&D team has devised new production techniques to reduce the cost of the next-generation photobooths by 28% (effective immediately) and the Revolution laundry machine by 13% (effective FY 2025). A new generation solar panel, which delivers twice the power generation of the current model, is also in development and will be utilised by the Group's Revolution machines."
Posted at 24/6/2024 08:30 by masurenguy
"Vending machine and photo booth operator ME Group, has revealed robust results for the six months to April, with revenue up by 8.6% and pre-tax profit climbing 13.6%. The Wash.Me laundrette business saw the fastest growth. The company hopes to deliver another record profit this year. With a near-5% dividend yield and earnings expected to expand, the group’s shares remain attractive. Hold (163p)." Shares Magazine, 20 June.
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 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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