Updates

ME Group

July 2024

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.

Ahead of its July report, a trading update from MEGP stated things continue in line. A standout is that the rollout of its high-margin Revolution machines is accelerating, with 420 machines installed in the six months to the end of April driving sales +17% in H1. Berenberg expects approximately 941 machines in total for FY24, leading to laundry sales reaching £99m for the full year, +21%. Meanwhile, photobooth activity across all territories performed as expected, with revenue up 2.3% (7.4% excluding the FX impact from the 15% decline in the Japanese Yen against Sterling). Await results in mid-July. ...

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Inspecs - Pretax profit guided to grow 22% to £9.9m

Sanderson Group

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