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Preliminary results due within the next 2 weeks, should make interesting reading here. Hopefully some news on the dividend and an indication of how they see 2023 progressing for the Group.
Multi-year highs being reached now, not aware of any news due in the short term so no reason to think the recent climb won't continue?
Could this benefit from AI? Also from recession. Save money on Pizza delivery by buying from vending machine for example. Could also make juicy takeover given age of majority shareholder.
Those were unprecedented times. Global disruption stemming from Covid lockdowns..
Going forward MEGP is poised for further growth
Sound advice rufus.
A rocky ride here for the last couple of years.
The re-instatement of the dividend was a big plus.
With a very skewed share holder distribution, one whim or negative RNS could see this plummeting again.
Tread warily.
Market finally waking up to the opportunity here, pushed up through 120 this morning. Might go further ahead of the next update.
Looks a great buy in testing times to me. Roll on the dividend.
"earnings continues to be upgraded yet the shares remain cheap" says today's edition, adding "The company’s revenues are underpinned by long-term client relationships and multi-year contracts which provide good visibility and strong cash flows.
The low valuation of the shares does not reflect the high quality and growth potential of the business. Keep buying the stock."
Shares Magazine originally advised readers to buy the share on 16th June, since when in has risen 27%.
Very nice indeed.
Onwards and upwards.
The pizza machines will turbo charge the business - any in the UK yet ?
Excellent f.y. update ahead of final results towards the end of February. "Adjusted profit before tax (before exceptional items) is expected to be in the range of £52 million to £54 million (previously £47 million and £50 million)". Roll on the next dividend announcement.
Like many of our best companies, prices are being driven down pushing them into the hands of American private equity. We'll have nothing left soon the way this is going. You might even wonder if the algo writers are on commission?
Price fairly stable first thing until the algo trades started driving it down again.
No doubt later large buys will appear (posted after the time of buy.....) as the IIs pick up cheap shares from worried private investors. Share price is now at nearly 50% discount to the market price, just a few weeks ago when excellent results were announced. Bargain for the brave. Going to add more if they drive below 80p.
This is now on a forward yield of 5.8% (excluding the special divi).
Thanks for that. I thought that most of the shares were owned by Sergie and the French.
Share down over 10% at one point this morning - it looks like an II is dumping 25k blocks.
Not seen as news why this is falling?? - I know it was ex special dividend, but seems a bit overdone after recent excellent results and still a 2.9p dividend to come in October.
These are taking a pasting despite reporting good results only a few weeks ago. Anyone read anything that may explain the fall?
After the XD period is over on Sept 1st, I expect the SP will forage its way towards the 100-teens, the position it was heading for, up to the day before XD day. But wouldn't be at all surprised if it showed strength before that date.
Special dividend 6.5p (XD 11 August, paid 1 September)
Interim dividend (1/3) 2.6p (XD 13 Oct, paid 3 November)
Final dividend (2/3) expected to be 5.2p (generally paid in May)
So that's 14.3p in the next 9 months. Which reminds me, I really need to top up here - quickly!!
The interim dividend is 2.6p. If the final were to be 3.4p, making a total of 6p, the yield at today's share price would be just under 6%. Enjoy!
Does anyone know what the dividend yield is for this company?
MEGP is the new ticker name change from the company formerly known as PHTM from today.