Me Share Discussion Threads

[gswredland] 05/6/2023 08:30

Hard to say but that trading update was very positive and I'd look to add if falls a bit
This is a bit target so could perhaps go for 180?

[doobz] 05/6/2023 08:12

Anyone got any sensible rough targets from here? I had my first target at 160 but unlikely I'll be selling for a while after the last results.

[retsius] 05/6/2023 08:05

Tipped somewhere this AM?

[thorpematt] 02/6/2023 18:14

Dave,

Fincap's numbers:
was 11.6 eps for FY 2023
now 13.0p

2024 was 12.9
now 14.2

These are Fincaps adjusted and fully diluted estimates.

Divis are all essentially half of the eps due to the fact that despite the recent R&D spend it still spins off a load of cash which is surplus to needs.

Hedging: Some FX hedging yes, but fuel I think not. This would mainly be field service technicians I think. Generally cars etc are max. 48 months old "due to fuel efficiency" according to the annual report.

[disc0dave45] 02/6/2023 13:05

ThanksIs that 13.6 eps for FY23 (I had that figure for FY24)?.Guess with laundry they will keep prices as are but energy costs should be reducing. Can't find their info on whether or not it's at fixed rate / hedged.

[gswredland] 02/6/2023 09:09

Sorry!
Thanks

[retsius] 02/6/2023 08:19

gsw
It`s above:78.
lol

[gswredland] 02/6/2023 08:17

Anyone know the Times article says please?

[masurenguy] 02/6/2023 00:56

ME Group the picture of success before promotion

ME Group International upgraded its forecasts after a strong first half pushed revenues and pre-tax profit higher by 24% and 35% respectively. High demand for photo IDs, particularly in Europe and Asia, drove up revenues in its photo-booth division by a quarter on the same period the year before, while sales from its laundry operations climbed 36%. Its Print.ME business, which operates mainly in France, also did well, with first-half revenues up 11%.

The group’s strong performance in the six months to the end of April mean bosses expect annual revenues are likely to be between £300m and £320m, up from guidance of £280m to £300m, and pre-tax profits to be between £64m and £67m. Its previous expectation was between £61m and £65m. Shares in the newly promoted FTSE 250 constituent, which have more than doubled in the past 12 months, gained another 12¼p, or 8.9%, to close at 150p, their highest level in more than five years.

[thorpematt] 01/6/2023 19:28

Fincap note has upgraded FY 2023

sales by 9% and adj. EPS by 12%

despite a forecast in divi growth in line with policy of a 50% payout ratio, the forecast cash-pile is set to rise to £100m by 2025 year end.

MEGP specialises in vending machines, but as a business, it is in itself a cash machine!

The note also details the sector breakdown and shows forecasts for very resilient photo earnings as well as high EBITDA margin on Laundry.

[jsforum] 01/6/2023 17:33

And the focus is now on Feed Me which should double profits next year

[disc0dave45] 01/6/2023 11:28

So there was a hint of the increased forecasts based on what was said in the previous update!.Agree this still looks good value and I'm happy to see my concerns around wash appear to be unfounded (thought the cost of living would hit this part of the business). Well done holders.

[thebears1] 01/6/2023 10:06

A highly cash generative business with a confident outlook.Hard to dislike

[crazycoops] 01/6/2023 09:50

Why on earth do we need two threads? It just dilutes the (limited) conversation.

[solarno lopez] 01/6/2023 09:29

Masurenguy everyone has a price !

[investing2retire] 01/6/2023 09:17

this share keeps on giving. ahead of expectations . great set of results.

[masurenguy] 01/6/2023 09:11

The Crasnianski family own 36.5% so MEGP cannot be taken over without their express consent.

[prokartace] 01/6/2023 09:08

I love the simplicity of the structure now. Lets hope that the board continue to come up with new ideas to enhance earnings further. We have the unlikely situation where we have a growth company that pays a great dividend too! New forecast puts shares on 11.5 x earnings, not demanding at all and still yielding around 4.5%

[solarno lopez] 01/6/2023 08:46

Gswredland the cash flow and its reliability is exactly what private equity is looking for when they make bids

[2magpies] 01/6/2023 08:41

As I said:

A 'workhorse' that keeps on working!

Why this hasn't already been split with sectors being floated off, or been snapped up by a bigger group, I don't know!

[gswredland] 01/6/2023 08:34

Wouldn't be surprised to see this being taken out

[thorpematt] 01/6/2023 08:17

Outlook statement gives no room for confusion really:

As a consequence of this strong trading performance in H1 2023, the Board is pleased to increase its outlook for the current financial year, ahead of previous expectations, with revenue between GBP300 million and GBP320 million, EBITDA between GBP100 million and GBP110 million and profit before tax between GBP64 million and GBP67 million.

Broker's upgrades to follow.

From my perspective it remains greatly under-valued.

[crazycoops] 01/6/2023 08:12

Also, MEGP looks to be entering the FTSE 250 this month - should help a bit.

[babbler] 01/6/2023 08:12

Lots of selling into the break again. Frustrating