Results a way off yet John? |
Unless, the outlook statement is very positive |
Only issue is its run up a lot, could be sold off on results day |
Has been looking strong over the last month. Up 20%
The Morrisons Revolution laundry at Cribbs causeway, Bristol always seems to be busy |
Approaching the ATH close of 229.5p back in November !😊 |
Ticking up nicely, looks like a seller selling into the rise but matched by buyers. |
It’s running ! |
I'd expect a run up of the share price from now to 24th Feb results presentation. Possibly a new high on the way? |
They have doubled in a year (just about) and had a pull back at the same time the wider market did. It's all about context.The news from Morrisons partnership is particularly encouraging for growth and earnings. |
Not sure I should copy the whole article. It's basically a follow-up on their 'compelling investment opportunity in February 2024'
The final summary is below:
WHAT SHOULD INVESTORS DO NOW?
The business continues its growth momentum which we believe is not reflected
in the low-teens PE (price to earnings) ratio of the shares, providing
scope for a rerating. The shares have dropped back by around 16% since
November 2024, giving investors another bite at the cherry |
 Partnership extension with Morrisons Supermarket
ME Group International is pleased to announce it has extended its existing relationship with WM Morrisons Supermarket, one of the UK's largest supermarkets, for another five year period.
ME Group operates 488 photobooths, 424 children's rides and had 37 Revolution laundry in place before the new contract across Morrisons sites in the UK. Under the new five year contract, ME Group will install at least 200 Revolution laundry machines at Morrisons locations, which are expected to be installed over the next three years. Since agreeing the new contract, ME Group has installed 67 Revolution laundry machines, in line with its expectations, which are performing well. Today, the Group operates 104 Revolution laundry machines at Morrisons sites.
In the UK, ME Group operates more than 1,000 Revolution laundry machines and continues to rapidly expand its estate through the ongoing rollout of new machines. The new contract will continue to support the growth ambitions for ME Group's laundry services business. Morrisons is a key strategic partner for ME Group which has a long-standing relationship with the supermarket chain - spanning more than 30 years - to deploy its services at high-footfall locations, enabling customers to use services such as photo ID and laundry all whilst they carry out their weekly food shop.
John Parry, Head of Services at Morrisons, said: "We have been listening to feedback from customers who have told us they would like to see more convenient services in our supermarkets. We are therefore pleased to be introducing more launderette facilities with our partner, ME Group, and we will have over 200 of these self-serve machines in stores by the end of 2025." |
I'm not a subscriber so can't read the article any further. Possibly a review of their existing stock portfolio, with MEGP still looking good value on a current year PER of circa 13. Last years results due mid-Feb but we know the nuts and bolts from their year end trading update prior to Christmas. |
>Mas.....
There are no new ME reports around.
Was there any special reason for the Shares mag note?
It's behind a paywall.
pete |
Another record year for ME Group International means we’re happy to stay buyers.
Company has delivered a compound annual growth rate of 30% in free cash flow over the last half decade
16 January 2025
ME Group International (MEGP) 188.6p Gain to date: 18% We highlighted instant-service equipment group Me Group International (MEGP) as a compelling investment opportunity in February 2024. The company's business model is unique with inherent strengths allowing it to generate high returns on capital and consistent cash flow. |
Head and shoulder on chart? |
Better time to buy.. at the end of the day nothing has changed has it? Or am I missing something? |
Getting battered now |
Good time to buy. |
Below 200p not good |
What happened at 210, wall of sells |
Seems MEGP is one of Edison’s tips.. |
Needs to hold 200p |
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