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MEGP Me Group International Plc

185.40
5.80 (3.23%)
26 Jul 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
  5.80 3.23% 185.40 322,307 16:35:28
Bid Price Offer Price High Price Low Price Open Price
183.60 184.40 184.60 179.00 180.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Photographic Equip & Supply 297.66M 50.67M 0.1347 13.69 675.45M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:28 UT 122,981 185.40 GBX

Me (MEGP) Latest News (1)

Me (MEGP) Discussions and Chat

Me Forums and Chat

Date Time Title Posts
24/7/202420:04ME Group (formerly Photo-Me)556
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
2024-07-26 15:35:28185.40122,981228,006.77UT
2024-07-26 15:29:31184.40357658.31AT
2024-07-26 15:29:12184.2059.21AT
2024-07-26 15:13:43184.523,0005,535.47O
2024-07-26 15:12:15184.20190349.98AT

Me (MEGP) Top Chat Posts

Top Posts
Posted at 26/7/2024 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 179.60p.
Me currently has 376,086,253 shares in issue. The market capitalisation of Me is £693,503,051.
Me has a price to earnings ratio (PE ratio) of 13.69.
This morning MEGP shares opened at 180p
Posted at 24/7/2024 17:40 by masurenguy
MEGP don't have a monopoly on photo-booths in the UK. There are at least 3 competitors that I'm aware of but they all have a very small market share. Where Timpson is concerned they have 260 PB's instore and within some supermarkets compared to Photo-Me who have circa 3500 around the country.
Posted at 19/7/2024 08:57 by shagsinatra
Hi Melody, I’m not at all aware of a sale but it would certainly make some some sense in certain ways, particularly if Serge’s family are able to retain an interest and ensure an assured lengthy hangover, however, a take out price would certainly be at a very large premium when taking into consideration the progress this company has made over recent years & it’s currently sunny outlook.
Posted at 16/7/2024 07:13 by masurenguy
‘Buy’ ME Group, says Berenberg
ME Group (MEGP) shares are cheap given the positive snapshot provided of the business in the first half, says Berenberg.

Analyst Eleanor Spencer retained her ‘buy’ recommendation and target price of 200p on the vending machine operator, which inched up 0.2% to 182.2p on Monday and is up 47% this year. The group delivered ‘attractive profitability’ in its first-half 2024 results, which were in line with trading updates from early June, with the top line growing 5% year-on-year. "The robust performance was delivered in spite of significant [foreign exchange] headwinds, with the value of the Japanese yen and the euro against the UK pound declining by 15% and 2% year-on-year, respectively. We think investors should look past any FX impacts and instead focus on ME Group’s increasing track record of underlying performance delivery. Trading on just 8.1 times full-year 2025 enterprise value to [pre-tax earnings], we think its shares look cheap." said Spencer
Posted at 15/7/2024 16:46 by martinmc123
hxxps://wealthoracle.co.uk/detailed-result-full/MEGP/836
Posted at 15/7/2024 16:46 by martinmc123
Me Group International plc posted solid H1 24 Interims for the period ended 30 April this morning. Revenue increased by 4.6% to £150.4m, EBITDA increased by 11.1% to £51.2 with statutory profit up 10.8% to £22.6m or excluding FX impacts it was up 15.7% to £22.6m. The business remains very cash generative with cash from operations up 13.3% to £41.7 million. The balance sheet remains strong with net cash of £21.7m and this after funding a 16.2% increase in the interim dividend. Guidance was in-line, i.e. high single digit at least topline and bottom line growth. Valuation remains attractive with forward PE ratio at 12.1x. The share price also has longer run positive momentum and looks set to move up to new record highs. There is a lot to like here, continued solid financial performance and outlook, strong balance sheet, decent valuation, healthy and growing dividend and, last but not least, some positive share price momentum. BUY...

...from WealthOracle

wealthoracle.co.uk/detailed-result-full/MEGP/836
Posted at 15/7/2024 10:06 by 2magpies
Yep, the workhorse is still working away.

Good results, but now we have just a little bit of caution:

"However, as the Group earns a large share of its revenue in foreign currencies, its consolidated results will be impacted by exchange rate fluctuations to some extent."
Posted at 15/7/2024 09:25 by shagsinatra
Many thanks for your update Masurenguy, much appreciated. I particularly like the R&D developments yielding significant cost reductions & potential new products. For me, this is a relatively underrated stock as the market can surely see the progress made over the medium term. A fair price ? £2.30 all day long 👌 & that’s conservative!
Posted at 15/7/2024 07:17 by masurenguy
Looking good - sales, profit and cash all up plus a 16.2% increase in the dividend.

Interim Results for the six months ended 30 April 2024
Further positive financial and strategic progress in H1 and on track to deliver another year of record performance

H1 HIGHLIGHTS

. Reported revenue up 4.6% to £150.4 million, EBITDA1 up 11.1% to £51.2 million and profit before tax up 10.3% to £30.0 million, driven by growth in core laundry and photobooth operations, despite foreign currency rate impacts. Revenue was up 8.6% excluding the impact of foreign currency rate changes.

· Strong performance from Wash.ME laundry operations, which is the fastest-growing business area and a key growth driver for the Group, with revenue up 16.7% to £44.1 million. Revolution laundry units in operation grew by 18.0% and represented 12.4% of total Group vending estate, driven by strong demand and record machine installations of 420 Revolution machines in H1.

· The Group continues to expand across its established partnerships in high footfall locations, such as supermarkets and petrol forecourts, and its installation pipeline indicates that it is on track to deploy a record number of Revolution machines during FY 2024.

· The number of Photo.ME machines increased by 12.6% to 30,708 (H1 2023: 27,275). Photo.ME vending revenue1 was up 2.4% to £85.9 million (up 7.5% excluding FX impact), reflecting quieter volumes in Q1 followed by a strong performance from Q2 to June 2024 with increased activity across almost all territories, particularly Continental Europe and Asia Pacific.

· Highly cash generative, with cash generated from operations up 13.3% to £41.7 million, supporting the Group's investment in its growth strategy and returns to shareholders.

· The Group has a strong balance sheet, with £82.7 million of gross cash and a net cash balance of £21.7 million at the period end, excluding investments in convertible bonds of £3.7 million.

· Diluted earnings per ordinary share up 11.8% to 5.97 pence, reflecting the continued focus on delivering meaningful profitable growth returns for all shareholders.

· Interim dividend up 16.2% to 3.45 pence per Ordinary Share, which will be paid at the end of November, will return £13.0 million to shareholders. The Group's policy is to pay annual dividends in excess of 55% of annual profits, subject to market and capital requirements.

OUTLOOK

· The Group will continue to capitalise on significant market opportunities for photobooth and laundry services.

· Strong Revolution laundry machine installation pipeline, targeting 80-90 per month, and on track to deliver a record number of installations in H2 2024.

· Rollout of next-generation multi-service photobooths with plans to install 2,000 to 2,500 machines by the end of FY 2024.

. H2 2024 has started strongly and the Group continues to see positive trading momentum across its operations. As a result, the Board remains confident that it will deliver another year of record profitability in FY 2024, in line with current market expectations.

Serge Crasnianski, CEO & Deputy Chairman, commented:"We are pleased to report positive trading momentum throughout H1 2024, which has continued into H2 2024, and reflects further strategic progress from the Group's core automated photobooth and laundry operations which are both exceptionally profitable and highly cash generative. The Group continues to focus on profitability, returns and cash generation, with these metrics being the key performance indicators for the Group. The Group is on track to deliver another record year across these financial metrics, including the number of machines deployed. Through our continued focus on R&D and technological innovation, the Group remains focused on prudently exploring new and exciting opportunities within the automated self-service instant machine category to further diversify our portfolio, including the planned launch of new machines offering a broader range of services for our consumers. Additionally, the Group's R&D team has devised new production techniques to reduce the cost of the next-generation photobooths by 28% (effective immediately) and the Revolution laundry machine by 13% (effective FY 2025). A new generation solar panel, which delivers twice the power generation of the current model, is also in development and will be utilised by the Group's Revolution machines."
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 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.
Me share price data is direct from the London Stock Exchange

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