Me Share Discussion Threads

[johndoe23] 24/7/2023 11:09

Maybe 147p will be the support? Difficult to judge entry points

[prokartace] 24/7/2023 10:29

Looking at 145p as a re-entry point

[2magpies] 24/7/2023 10:17

This 'removal of froth' is welcome, surely?

Healthy.

[johndoe23] 24/7/2023 09:31

Agreed. Buyers starting to come back now.

[investing2retire] 24/7/2023 09:24

Profit taking. The pattern of aug-oct22 likely will repeat and will be a buying opportunity at 132-135 levels

[gswredland] 20/7/2023 16:03

Stock market ups and downs.
Stay with it! Look at the last update...

[petersinthemarket] 20/7/2023 10:13

I was looking fwd to seeing MEGP finally pushing up through that 170p barrier.
I don't understand why the share price is falling like this.
Heading for a 10% drop for no obvious reason.

[prokartace] 20/7/2023 09:42

Had to remove it as you say completely out of date. No idea why

[disc0dave45] 18/7/2023 18:57

JohnShouldn't get too focused on daily trades.Believe this is on SETS so doubt there's any mm manipulation.

[johndoe23] 18/7/2023 18:03

Exactly my point. Why did a lot of people decide to sell yesterday afternoon at the same time? On the flip side,buying opportunity once it settles

[disc0dave45] 18/7/2023 17:59

Schroders reduced by only 0.1285%.

[johndoe23] 18/7/2023 17:43

I find it hard to believe that reduction has caused a 15p drop. Two delayed trades at 1600 yesterday must have been schroders selling. Either way the 160-170 range has broken to the downside. It's possible MM games enabling one of their pals a cheaper entry.

[peterm35] 18/7/2023 16:57

Sorry 0.13%

[peterm35] 18/7/2023 16:56

Not even 1.3%. Its 0.13% so even more insignificant!

[gswredland] 18/7/2023 16:29

Maybe the reason MM's are playing with the price

[johndoe23] 18/7/2023 15:58

I didn't say it was

[masurenguy] 18/7/2023 15:57

LOL - Schroders reduced their holding by just 1.3% - hardly significant !

[johndoe23] 18/7/2023 15:56

Schroders reducing

[johndoe23] 17/7/2023 16:51

That's understandable but at around 1600 a whole heap of sells at the same time.

[masurenguy] 17/7/2023 16:20

Probably some profit taking after a 30% rise over the past couple of months.

[johndoe23] 17/7/2023 16:15

Must have been tipped to take profits or something in a column

[gswredland] 17/7/2023 16:07

What's with the sudden flurry of sells guys?

[hedgehog 100] 16/7/2023 12:41

Thanks to Thorpematt for introducing MEGP to the following thread this week:-

"GROWTH (at A Reasonable Price)"

[masurenguy] 12/7/2023 07:55

MEGP growth in sales (+25%) & profits (+24%) remains on track ! Finncap has a price target of 198p.

Interim Results for the six months ended 30 April 2023

Strong first-half performance across all business areas, underpinned by consumer demand and diversification of services.

HIGHLIGHTS

-- Strong financial performance, with revenue up 24.7% and profit before tax up 36.7%, driven by progress across all of the Group's key business areas - photobooth, laundry and digital printing services - and in all of its 19 operating markets.

-- Photo.ME revenue was up 25.4% to £83.9 million, driven by demand for photo ID and increased activity across all territories, particularly Continental Europe and Asia Pacific.

-- Wash.ME revenue was up 37.0% to £37.8 million which was reflected in the growth of the Group's laundry estate - a key focus of investment. Revolution laundry units in operation grew 15.8% and represented 11.5% of total group vending estate - the Group installed new machines at a rate of 50-60 per month in the Period.

-- Print.ME revenue up 11.5% at £5.8 million with 183 new kiosks were deployed in France during the Period. £3.1 million) .

OUTLOOK

-- Continued focus on the Group's five-year growth strategy to support the development of each principal business area, including M&A activity where the Group has an active pipeline of opportunities, to drive sustainable revenue and profit performance.

-- Rollout of next-generation multi-service photobooths is underway and the Group is focused on deploying these across its key territories. The Group aims to install between 1,000 and 1,500 machines in France by the end of October 2023.

-- Sustained pace of rollout for Revolution laundry units at between 50-60 per month, as the Group continues to expand its laundry machine estate and deploy new laundry formats, including compact and energy-saving models.

-- Continued focus on developing Feed.ME business area to accelerate deployment of the Group's new pizza vending machine in France as well as the extension of fresh fruit juice vending equipment presence in Japan.

-- Return to the FTSE 250 index post-period end was a momentous milestone for the Company, supported by the delivery of its diversification growth strategy.

-- As previously reported, the Group has continued to see positive trading momentum across its operations. Consequently, the Board expects that results for FY 2023 will be in line with recently revised market expectations(*) , subject to any changes to the broader macroeconomic environment.

*Current market expectations are revenue between £300 million and £320 million, EBITDA between £100 million and £110 million and profit before tax between £64 million and £67 million

Serge Crasnianski, CEO & Deputy Chairman , commented:"The Group has achieved an extremely strong first-half performance across its key business areas and in all of its 19 operating markets, which delivered significant growth in revenue, EBITDA and profit before tax in the Period. As a result, the Board increased its outlook for the current financial year FY 2023 in early June. ME Group is a high-potential business that continues to offer growth opportunities in existing and new geographic markets. We have a dominant market position in most of the markets in which we operate and our long-term customer contracts provide us with good predictability and visibility on revenue streams. Our operations are highly cash-generative and these cash flows are used to fund growth through product innovation and expansion, and allow us to deliver value to shareholders through growth and dividends. Reflecting our solid business model and continued strategic progress, ME Group has re-entered the FTSE 250 Index. Looking ahead, the Board remains confident in the Group's growth strategy and strong financial position which provides us with a platform to fund future growth opportunities."