Updates

ME Group - Revolution rollout expands to 80-90 units

April 2023

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

ME Group has reported full year results to 31 October 2022. Revenues grew 21% to £260m, pretax profit was up 90% to £53.1m and adj. EBITDA rose 78% to £84.9m, for EBITDA margin climbing 2.3% to 32.7%. Net cash stands at £34m having paid a 6.5p special dividend during the year. A 3p final has just been declared (ex on 20 April). The stellar improvement was down to two things. First, a significant H2 price rise at its photobooths across France, Germany and Austria. Activity levels across these markets, as well as the UK and Ireland, also saw a strong recovery as social restrictions eased. Second, its high margin Revolution laundry business (50%+ EBITDA margin) saw EBITDA rising 29% y/y to £29.1m as units deployed rose by an average ...

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Quixant

Superdry

ME Group - Cavendish initiates with 350p price target (September 2024)

ME Group (July 2024)

ME Group - Results whack ball out of the park (March 2024)

ME Group - Revolution rollout set to climb from 180 to 250 machines a month (January 2024)

Me Group - Wash.ME divisional profit up 39% (November 2023)

Me Group (June 2023)

Me Group - Trading ahead of forecast (December 2022)

Me Group - Moves into food vending (January 2022)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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