Updates

ME Group - Rolling out 80-90 new laundry machines each month

January 2025

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.

Another whacking the ball out of the park is MEGP: it said FY24 sales will be >£308m (+3%), EBITDA >£112m (+5%) and pretax profit >£73m (+10%). The swing factor is Laundry, which saw sales up 20% driven by a record 1,111 new machines installed in France and the UK, in line with its target of 80-90 laundry machine installations per month. As at end October, despite £53m of capex and £28m in dividends, net cash was £38m. Photobooth operations were stable with sales at constant currency up 4% and it has continued to rollout its next-generation photobooths, mainly in France. Peel Hunt forecasts £73m pretax profit/eps 14.4p for the year ended in October, with £79m/15.5p this year. Tipped at 19p in May 2002; gain 1013%. ...

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Supreme - Buys Typhoo Tea from administrators

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 - Revolution rollout expands to 80-90 units (April 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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