Updates

Me Group

June 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.

In a positive H1 update, Me Group said that price rises and activity momentum across the photobooth side in all territories including Europe and Asia (revenue up +25%) together with the roll-out of Revolution laundry (+36% y/y) has helped improve the profit mix. With H1 pretax profit up 35% to c.£27m and five months to the year end it therefore expects full year results to come in at the top end. Finncap has upgraded its sales forecast to £310m (was £280-300m), EBITDA to £105m (previously £95-105m) and pretax profit to £65.5m (eps 13p). Keep buying. ...

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Yu Group - Eps forecast upgraded by +42% to 61.1p

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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 - 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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