Me Share Discussion Threads

[johndoe23] 23/11/2023 19:42

Anyone receive the interim div today?

[greenknight1] 22/11/2023 12:08

Some chuncky buy backs coming through (2 x 85,000)?

[shanklin] 22/11/2023 08:06

Used one of the Photo Me booths for the first time in 10 years. Much improved, with payment right at the end, which seems a good idea.

[gswredland] 21/11/2023 18:50

Had that with some other shares, and discovered things were good. We will see soon enough

[johndoe23] 21/11/2023 16:16

Could be a fund selling to cover redemption, plenty doing that at the moment!!

[johndoe23] 21/11/2023 16:02

Looks like someone selling large blocks in to the market, 10 and 25k

[gswredland] 21/11/2023 15:46

I have just re-read interim results in July.
Special dividend, strong growth in all geographic areas and good growth in all operating ME areas especially laundry bode well to me.
The company sounded upbeat then and I cannot think of any significant reason for a change unless I am being naive?

[ali47fish] 21/11/2023 13:47

many thanks green

[greenknight1] 21/11/2023 12:52

Update in 5 trading days

[ali47fish] 21/11/2023 12:48

when is the next update here or the dividend

[johndoe23] 20/11/2023 11:58

Thought there be some buying here but hardly any

[foolsgold1] 19/11/2023 12:24

Excuse the typos above. I’ve should be over and though should be tough.

[foolsgold1] 19/11/2023 11:59

Actually the Asda doesn’t but the Tesco does. They just seem to be pushing into the automation space. I have been all in on photo me for some years and made great money both in the dividends and selling when high and buying when low so it’s really the only share I look at in such detail as it’s a fascinating business that I’ve watched the share go form as little at 11p to Ive £5 and I’ve been in the right side of the buys and sells most of the time. I’ve been hanging onto what I bought this time last year for 53p and was convinced they would have gone I’ve £1.90 by this stage based on all the AR and recent trading updates so I’ll hang thought for the next update and then make a call. 🙏 I’m just not convinced some of the new product offerings like food are right. Perish the perishables and all H&S connected with food

[tonytyke2] 19/11/2023 11:42

foolsgold, I assume your local supermarkets have Timpsons units also attached? Timpsons have probably been leveraging their existing business ties with supermarkets, they own Max.

[foolsgold1] 19/11/2023 11:22

Both are definitely in the past 6 months. I just googled Max and it looks like they are owned by Timpson and only got into nationwide rollout of photo booths in past 18 months re the Asda change over it said they took over the photo shops in Asda so separate to the booths hxxps://www.maxphoto.co.uk/id-photos/passport-photos/passport-photo-booth

[neg] 19/11/2023 09:36

Photo me took over the loss making contract from Asda and had a 10 year contract in 2016. However in 2018 it seems that Max took over, so some time ago. I think the same with Tesco too.

[melody9999] 19/11/2023 08:47

Last interims - 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.

Plus last month - This acquisition will position ME Group Japan K.K. as the market leader in the country and adds a further 3,548 photobooths to the Group's operations in Japan.

When did the changes at Asda/Tesco occur Fools?

[foolsgold1] 18/11/2023 17:38

Consumers may not be the ones making the choice of provider, possibly the retailer. My local Asda and Tesco in Manchester used to have photo me booths and now they both have Max booths so somethings changed. Looks like new competitors who will not only replace units but possibly drive the price to consumer down and commission to retailer up.

[johndoe23] 17/11/2023 12:40

Thinking the same melody. Probably nothing to worry about, I should be adding but keep baulking

[melody9999] 17/11/2023 10:44

Hmmm - PE 10.2; 5.5% divi; ROCE 28% no debt.

Smart acquisition in Japan using local loan @ 1.2% !!

Revenue at last Interims in July 23 up 25% and unless consumers have massively changed behaviour in the last 6 months, I'm not sure why demand would not continue to increase.

Am I missing something?

[johndoe23] 16/11/2023 13:25

Weak again today though. Buying opp possibly

[foolsgold1] 15/11/2023 23:11

JD. Fingers crossed you’re right. They have tended over the years to deliver good news early and stall the bad stuff so signs are good which will hopefully push the price into mid to upper 150’s which is where it should be based on previous trading update