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MEGP Me Group International Plc

167.40
0.00 (0.00%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Me Group International Plc LSE:MEGP London Ordinary Share GB0008481250 ORD 0.5P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 167.40 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
167.60 169.80
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Photographic Equip & Supply 297.66M 50.67M 0.1347 12.52 634.08M
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 167.40 GBX

Me (MEGP) Latest News

Me (MEGP) Discussions and Chat

Me Forums and Chat

Date Time Title Posts
24/4/202413:57ME Group (formerly Photo-Me)485
20/3/202422:12ME Group356
02/8/202222:49A 'workhorse' that just keeps on working!5

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Me (MEGP) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-04-25 16:04:48166.384,2547,077.85O
2024-04-25 15:55:35167.413,3975,686.85O
2024-04-25 15:49:27167.389031,511.47O
2024-04-25 15:35:03167.4052,45687,811.34UT
2024-04-25 15:28:12168.6023.37AT

Me (MEGP) Top Chat Posts

Top Posts
Posted at 25/4/2024 09:20 by Me Daily Update
Me Group International Plc is listed in the Photographic Equip & Supply sector of the London Stock Exchange with ticker MEGP. The last closing price for Me was 169p.
Me currently has 376,086,253 shares in issue. The market capitalisation of Me is £634,081,423.
Me has a price to earnings ratio (PE ratio) of 12.52.
This morning MEGP shares opened at 169.80p
Posted at 07/4/2024 10:10 by masurenguy
Tipster: Time to snap up photo booth maker ME
The company is moving with the times on passport and driving licence pictures, and it has also diversified into laundry. Its share price has some catching up to do

Last year, ME Group’s pre-tax profit rose by 26% to £67m. Despite a hefty £53m capital expenditure on new machines, the highly cash-generative firm’s total cash was up slightly at £34m. The shares, up 30% over the past year at 166p, are still well off analysts’ target prices (200p or over at Cavendish, Berenberg and Canaccord Genuity banks) and the price-earnings ratio, at 11.1 for this year, is considerably below the 18 level in 2022. “The company is delivering operationally and its outlook remains attractive — yet this is not reflected in its recent share price performance and low valuation,” said Eleanor Spencer at Berenberg. Snap up ME Group.

Complete article here:
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 26/2/2024 07:21 by masurenguy
"the CEO's hostile bid at this juncture was rebuffed"

There never was a "hostile bid" from the CEO. The offer was purely a regularatory exercise undertaken by Serge Crasnianski. He already held circa 29% of the shares and another significant shareholder, the Dan David Foundation who held nearly 8%, wanted out. Serge was able to pick up those shares at the bargain price of 70p but it meant that it took him over the 30% threshold, where under Rule 9 of the City Code on Takeovers and Mergers, he was obliged to make a mandatory offer to other shareholders too. It was never his intention to stage a private buyout of the company at that time @75p, he was only complying with regulations, and he knew that the other institutional shareholder would not be interested. Consequently, the offer lapsed circa 6 weeks later with less than 10% acceptances.
Posted at 22/2/2024 18:21 by hopeful holder
If or when it reaches that level, the momentum and ongoing investment being made to expand the business, I suspect you, and others, will be re evaluating that sell price. I find it incredible that they can invest so much and still remain cash positive. (42 million investment rings a bell in last 12 months). We have been at this price range before but given the presentation today and earnings, it certainly feels this is the minimum new base price.So will tomorrow bring another step up.Good luck all.
Posted at 22/2/2024 17:44 by foolsgold1
🔥🔥 great day. Despite my well broadcasted concerns on this group about different factors of the business, I have always said the share price should be €1.90 plus and I’d be confident in saying it should be there by April. At which time I’ll cash in take stock and wait for the next opportunity to buy back in.
Posted at 20/2/2024 07:35 by hopeful holder
Any thoughts on this?...We have over 2 million shares in MEGP treasury purchased with our money... so what benefit do we get from this if they are not being cancelled.?My thoughts were around it gives the company a little more leverage in any votes to take private.It also creates less free float in the market but why keep in treasury rather than cancel?Thanks
Posted at 06/2/2024 15:45 by masurenguy
The Bidco offer was purely a regularatory exercise undertaken by Serge Crasnianski. He held circa 29% of the shares in this company and another significant shareholder, the Dan David Foundation who held nearly 8%, wanted out. Serge was able to pick up those shares at the bargain price of 70p but it meant that it took him well over the 30% threshold, where under Rule 9 of the City Code on Takeovers and Mergers, he was obliged to make a mandatory offer to all other shareholders too. It was never his intention to stage a private buyout of the company at that time @75p, he was only complying with regulations, and he clearly knew that the other institutional shareholder would not be interested. Consequently the offer lapsed circa 6 weeks later with less than 10% acceptances.
Posted at 30/11/2023 12:08 by peterm35
Anyone know what happened to the share buyback? I was surprised it seemed to stop about a month ago despite the share price falling. I'm wondering now if they may take it back up again given the fall in share price.
Posted at 01/8/2023 08:05 by masurenguy
Proposed Share Buyback and Rule 9 Waiver

The Company proposes to seek Shareholder approval to have the authority to buy back up to 10% of the issued share capital. It is the intention that this Share Buyback Programme will run until the authority expires at the next AGM or such other date prior to then should it be completed sooner.

Assuming utilisation of the full buyback authority, the Company's largest shareholder, Tibergest PTE Ltd, and persons acting in concert with it, may own up to 40.60% of the voting rights in the Company. Therefore, the Independent Shareholders will be asked to waive an obligation on the Concert Party to make a general offer for the entire issued, and to be issued, share capital of the Company which may arise under Rule 9 of the Takeover Code as a result of the Company purchasing its Ordinary Shares.

The Company has historically sought authority and received approval from its shareholders to make market purchases of its own shares, with the most recent authority being granted at the Company's AGM on 28 April 2023, permitting the Company to repurchase up to 37,805,164 ordinary shares, equal to 10% of the Company's issued ordinary share capital at the latest practicable date before publication of the Notice of AGM, being 28 February 2023. However, despite this authority having already been granted, the Company has been restricted from using it owing to the Concert Party being interested in more than 30% but less than 50% of the total voting rights of the Company (and therefore, any repurchases of shares under such buyback authority being liable to trigger an obligation for the Concert Party to make an offer, in cash, for the entire issued and to be issued share capital of the Company, pursuant to Rule 9 of the City Code).

With a strong cash balance, that the Board believes will increase, the Board has concluded that it wishes to have the flexibility to utilise the Proposed Buy Back Authority in circumstances which it decides are in the best interests of the Company. Accordingly, this announcement sets out the background to, and reasons why the Board believes it to be in the best interests of Shareholders as a whole for the Company to reapply for authority, as necessary under the City Code, to make market purchases of its Ordinary Shares under the same parameters as previously approved, being that any share repurchases are made at a price:

(i) no less than the nominal value of an Ordinary Share, being 0.5p.
(ii) no higher than an amount which is not more than 5% above the average of the closing middle market quotations for an Ordinary Share, as derived from the London Stock Exchange Daily Official List for the five business days immediately preceding the date on which that Ordinary share is contracted to be purchased; or,
(iii) the higher of the price of the last independent trade of an ordinary share or the highest current independent bid on the London Stock Exchange.

Share Buy Back Programme

Should the Proposed Buy Back Authority be approved, the Board announces its intention to undertake an initial buyback programme of up to 2% of the Company's issued share capital, subject to the parameters described above. The Company's dividend policy remains unchanged.
Me share price data is direct from the London Stock Exchange

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