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Actually they're almost telling us what to expect. 50+% of expected profits = c. £33m so that should equate to c. 3p interim & c. 6p final with a potential special this time next year if they outperform.
Yes, in effect a second special dividend for the year. It will be interesting to see the interims in July when we should get more idea about the 2023 dividend level - if it's going to stay above 12p that'd be very nice thank you!
Interesting timing - on XD date they announce special dividend.
This is becoming a good income share.
Same here atrm2, this is about 2% of my portfolio now and that's enough for me. My average is just over 111 so quite happy to hold for now.
HI Krustymegna. Added a bit more recently on drops, no more now as breaking own golden rule to be diversified and not to be in too much in a share. ATB
That seems to be exactly what's happening atrm2. I can't see why the Group, or its customers, would be impacted by the SVB situation, beyond the general fallout everyone is experiencing. If I had funds available I'd be adding.
Looks like a good future. Will be looking to add again if MM's try tree shaking again as before release of results last week.
Latest ME Group pre-tax profit forecasts from broker FinnCap in the wake of last week's strong results:
2023: £59m
2024: £66m
2025: £74m
The business looks to be gaining very strong momentum
Lol it has doubled over a year, dividend is a good yield! Maybe look at a longer chart
I'm reasonably new to all this but nothing seems to be happening on these currently. Any ideas why all is so quiet? I was potentially looking at selling before end of tax year and not too sure whether to wait or sell now
I was wondering if this might be on anyone's radar Lokiloo. £500m mcap now so somebody will need deep pockets. There's enough money around for it to be possible though and certainly wouldn't surprise me. I'm very happy for it to continue growing & paying a nice divi for now, ask me again at £2bn.
200p buy out price?
Painful to have stood on the sidelines since the lows on this one...amazing well done to holders. Great little company.
Target increased from 170 to 180 this morning.
The only disappointment for me is the 3p final dividend. The Board indicated that dividends would be paid in a ratio of 1/3 interim & 2/3 final, leading me to expect a payment of 5.2p in May. However, it would be churlish to be overly-critical, given the 6.5p special dividend payment received in September 22. With expected profits for f.y. 2023 expected to be between £61 & £65 million, and a commitment to return 50%+ to shareholders by way of dividends, I think that should equate to c. 9p of expected payments? That would be around 6.75% yield, and an expectation of capital growth too. I'll take that, thank you.
Available on their website. As expected. Very good
Published tomorrow by RNS.
Well, there we go, market now closed & still no sign of the promised results. Maybe overnight / 7.00 am in the morning?
I think the results will be good and might even include another special dividend. I'm staying put for another year or two.
...more manipulation on here in the past 3 or 4 days than many shares see in a year. Worse than AIM.
Hmm, I think it's ok to panic now UglyButler:
"ME Group International plc, the instant-service equipment group, will announce its Annual Results for the financial year ended 31 October 2022 later today, Tuesday 28 February 2023."
... and now all the way back up again! Most odd!!
14 Nov trading update said results "towards the end of February 2023" so no need to panic.
Dropping as fast as it rose - or faster - today, should have taken some profits when on offer. May rebound quickly of course, if results are good. Looking for a decent dividend again and an indication of current/future trading likelihood.
Results due in Feb according to the web site - it always gives a sloppy impression when companies rush out a revised date at the last minute - 2 more days to go tick tock tick tock
Didnt expect this to be tipped in IC by private investor.