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Someone else is confident 78k buy 13.42
Held since May 21 up 106,% re invest dividend, gaining 584 more shares , £2 next target
Not posted here previously but totally agree brigg definitely one of my best shares. Bought in during the pandemic hoping for gains once travel opened up again on the back of all those passports that hadn’t been renewed during the pandemic.
Thought it would be a nice profit and move on, but decided to stay, nice dividend I’m 88% up and have been as much as 97% up. Very optimistic and can’t see any reason to not be.
SP rising decent dividend one of my best shares
Good call elrico, hope you loaded up at the time. That would have been in the PhotoMe days of course, before they morphed into the ME Group.
Trying to push through 160p again this morning, be good to see it hold above that level.
In May 2022, I spotlighted #MEGP at 71p, hinting that breaching 80p could signal an uptrend. Amidst intrigue, the CEO's hostile bid at this juncture was rebuffed...
https://twitter.com/LEMMINGINVESTOR/status/1761854770619240464
https://smallcompanychampion.substack.com/
Oogleflugal, you're right - LSE is completely wrong!
Lse states this is a legal a professional group . I thought they did photo booths?
Could be, could be. Trading down this morning though, suggests if there were any rumours circulating they've been quashed for the time being at least.
I wonder if any PE firms have been looking at it.
Cash position indicated in the trading update was c.£34.3m which has dropped to c.£33.9m in the preliminaries.
Total dividend for the year reduced from 12.7p (2022) to 7.39p (2023) so I don't think that's it.
So it must be down to the forward-looking statements, which as you say are very positive. This came across during the Investor Meet Company presentation yesterday too. Interesting to see what the next few trading sessions hold for us.
Things that weren't in the trading update, as far as I can recall, are the good cash performance, the big increase in the ordinary final dividend, and the strong outlook statement.
In auction briefly, plenty of buys still flooding in. Wonder what's driving this? The results are good but they're no different to the trading update numbers released a few weeks ago. Interesting times for holders here...
Wasn't expecting it as well but loving it to be fair
Crikey it's gone walkabout this afternoon! Have to admit I didn't see this coming, very welcome though. Wonder if there might be some takeover speculation? Hope not at this stage, to be honest.
Pushing £1.60 into the close...
Results very encouraging. With cash on hand, growth self funded, possible special dividends. Added bit more today.
Yes solid numbers & the market loves it too. I listened in to the presentation this morning, didn't really add anything to what had been reported. They did seem confident that they could keep expanding, continue to grow the business in different directions. The laundry business in particular seems ripe for significant expansion, and the margins are good too so very promising going forward.
I have to say I was disappointed with the dividend though. They'd already said they aim to pay 1/3 interim & 2/3 final, and repeated that in these results. So, based on an interim of 2.97p, I had expected a final of c. 5.95p rather than the 4.42p it will pay. I've clearly misunderstood their intentions as this looks more like an aspiration for now. Trading around the £1.50 mark again now though, so only a minor issue in the big scheme of things.
Been my top share with SP rising and dividends
Results look solid enough, lets see what the market thinks..
Revenue up 14.6% to £297.7m
EBITDA up 15.6% to £106.6m
Profit up 25.7% to £67.1m
Net cash £33.9m
Final dividend recommendation 4.42p
Looking ahead
Installing 180 photo booths a month
Installing 80 to 90 laundry units a month